Global Automotive and Transportation Systems Market Research Report by Type or design, by Application by Platform, by End User, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

Global Automotive and Transportation Systems Market Research Report by Type or design (Plate and fin type, Flat tube type), by Application (Environment Control System (ECS), Engine system, Electronic Pod Cooling, Hydraulics) by Platform (Fixed-Wing Aircraft, Regional Transport Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles (UAVs)), by End User (OEM, Aftermarket), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19

Global Automotive and Transportation Systems Market

The global Automotive and Transportation Systems market was valued at USD 1.3 billion in 2020 which expected to reach USD 2.0 billion by 2027 at a CAGR 9.2% from 2020-2027.

Manufacturers of aircraft heat exchangers are being forced to halt production. Heat exchangers are an essential tool in the field of thermal engineering, such as refrigeration, power system cooling, electronic cooling, and air conditioning. Enhanced heat transfer methods include both passive and active heat exchanger enhancement. Heat exchangers are frequently used in aircraft to cool hydraulics, auxiliary power units, rammed air, gearboxes, and other components. The increasing demand for commercial aircraft and unmanned aerial vehicles (UAVs) in the aerospace and defence industries is driving the growth of aircraft heat exchangers.

Market Drivers

Commercial and combat aircraft fleets are expanding.

According to a Statist article published in October 2020, the world's aircraft fleet is expected to grow from 25,900 to 48,400 aircraft between 2019 and 2039. While the more reputable markets of Europe, such as France, and North America, such as the United States of America, are expected to grow by approximately 73 and 40 percent, respectively, the Asia Pacific fleet is expected to grow by approximately 134 percent to 18,770 aircraft in 2039. North America currently has by far the largest fleet of business aircraft. According to the table below, all regions are expected to see an increase in the size of their aircraft fleet market over the next 20 years.

Market Restraint

Manufacturers of aircraft heat exchangers are being pressured to halt production. A lack of user awareness is also a constraint, as the choice of heat exchangers is sometimes limited to high pressure operation. Issues associated with converting from legacy heat exchangers to new heat exchangers are also acting as a restraining factor for the aircraft heat exchanger market.

Impact of COVID-19

Due to a government-imposed lockdown to monitor the spread of COVID-19 around the world, aircraft heat exchanger manufacturers are being forced to shut down production operations. Aircraft manufacturers are experiencing operational issues as a result of supply chain disruption caused by government transportation restrictions imposed in the aftermath of the COVID-19 pandemic. Maintenance, repair, and overhaul (MRO) services for aircraft are severely impacted due to a lack of raw materials and essential components as a result of government anti-COVID-19 outbreak efforts. The research and development of aircraft heat exchangers for military applications is hampered by a labour shortage caused by the government-imposed lockdown during the COVID-19 scenario.

Market Segmentation

The Global Automotive and Transportation Systems Market is segmented into Type or design, Application Platform, and End User. Based on the Type or design, the market is segmented into Plate and fin type, Flat tube type. Further, market is segmented into The End User, the market is segmented into near OEM, Aftermarket. By Application, the market is segmented into Environment Control System (ECS), Engine system, Electronic Pod Cooling, Hydraulics. By Platform, market is segmented into Fixed-Wing Aircraft, Regional Transport Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles (UAVs)

Regional Analysis

Global Automotive and Transportation Systems Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific has the largest market share. Asia Pacific is one of the emerging markets for aircraft heat exchangers in terms of R&D activities, deployment, and the presence of some of the key market players. Japan, India, and China are the three major countries in this region. The need to improve aircraft systems of the Japan Self-Defense Forces, including the Japan Air Self-Defense Force (JASDF) and the Japan Ground Self-Defense Force (JAGSDF), as well as rising demand for better thermal management systems in commercial airlines, are driving growth in the Japanese aircraft heat exchanger market. The increased emphasis on military and defence by the government will benefit India's market.

Key Players

Various key players are listed in this report such as Ametek, Jamco, Honeywell International, Aavid Thermalloy, Liebherr-International, Lytron, TAT Technologies, Meggitt, Triumph Group, United Technologies, Wall Colmonoy and among others.

Market Taxonomy

By Type or design

• Plate and fin type
• Flat tube type

By Application

• Environment Control System (ECS)
• Engine system,
• Electronic Pod Cooling
• Hydraulics

By Platform

• Fixed-Wing Aircraft
• Narrow Body Aircraft
• Very Large Aircraft
• Wide Body Aircraft
• Regional Transport Aircraft
• Rotary-Wing Aircraft
• Unmanned Aerial Vehicles (UAVs)

By End User

• OEM
• Aftermarket

By Region

• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Automotive and Transportation Systems Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?