Aircraft Heat Exchanger Market

Description

The Aircraft Heat Exchanger Market is anticipated to grow from US$ 2.10 billion in 2024 to US$ 3.54 billion by 2031, reflecting a compound annual growth rate (CAGR) of 8.01% during the period from 2031 to 2031. The global aircraft manufacturing sector is characterized by numerous established companies, leading to an increase in buyer bargaining power in the near future. With a multitude of heat exchanger suppliers available, aircraft manufacturers can select from various options to find the best manufacturers that offer superior quality, enhanced customer service, and competitive pricing.

Analysis of the Aircraft Heat Exchanger Market

There is a growing demand for aircraft heat exchangers from both aircraft manufacturers and airlines. Designers in this field are investing heavily in advanced technologies, such as additive manufacturing, to streamline the design process. This trend is drawing interest from customers of heat exchanger designers, manufacturers, and suppliers. Airlines typically acquire aircraft heat exchangers through original equipment manufacturers (OEMs). Additionally, major aircraft manufacturers like Boeing and Airbus encourage their clients to equip new aircraft with cutting-edge products, further boosting the aircraft heat exchanger market.

Overview of the Aircraft Heat Exchanger Market

The aircraft heat exchanger market is expected to experience significant growth in the upcoming years, driven by several key factors:

Expansion of the Commercial Aircraft Fleet Across Various Regions
Increased Procurement of Military Aircraft
Growing Demand for Efficient Cooling and Heating Solutions in Commercial Aircraft to Improve Operations

These elements are projected to positively influence the growth of the aircraft heat exchanger market. The necessity for effective heat and cooling management is a crucial factor driving the demand for new heat exchanger installations in both new and existing aircraft fleets of commercial airlines. Furthermore, the rising orders and acquisitions of military aircraft are also contributing to the increased adoption of heat exchangers in military applications.

Strategic Insights

Drivers and Opportunities in the Aircraft Heat Exchanger Market

Expansion of the Commercial Aircraft Fleet Across Various Regions

The escalating demand for new aircraft from operating airlines globally is a significant factor propelling the growth of the global aircraft fleet. In 2023, the worldwide commercial aircraft fleet was approximately 27,385 aircraft, projected to increase to 28,398 by 2024. This growth in fleet size is driving the demand for aircraft heat exchangers across different regions. Additionally, according to data from Airbus and Boeing, over 40,000 aircraft are expected to be delivered between 2023 and 2042, which will further stimulate the aircraft heat exchanger market in the coming years.

Opportunities from Military UAV Deployments

The increasing deployment of unmanned aerial vehicles (UAVs) by armed forces worldwide is likely to create new opportunities for the installation of heat exchangers in the UAV sector. This trend is supported by rising military budgets in various countries, which are investing more in military UAV procurement. Such developments are expected to open new avenues for the aircraft heat exchanger market in the future.

Segmentation Analysis of the Aircraft Heat Exchanger Market

Key segments contributing to the analysis of the Aircraft Heat Exchanger Market include type, aircraft type, application, manufacturing type, and geography.

The market is categorized by type into flat tube and plate-fin, with the plate-fin segment holding a larger market share in 2024.
By aircraft type, the market is divided into fixed-wing aircraft, rotary-wing aircraft, and UAVs, with fixed-wing aircraft dominating the market share in 2024.
In terms of application, the market is segmented into engine and airframe, with the engine segment leading in 2024.
Regarding manufacturing type, the market is divided into conventional and additive manufacturing types, with the conventional segment prevailing in 2024.

Geographical Analysis of the Aircraft Heat Exchanger Market

The geographical scope of the Aircraft Heat Exchanger Market report is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In 2023, North America led the Aircraft Heat Exchanger Market, while the Asia Pacific region is expected to experience substantial growth during the forecast period. The North American market includes the US, Canada, and Mexico, with the US being the dominant player in the North American aircraft heat exchanger market in 2024. This dominance is attributed to increasing air passenger traffic and a growing aircraft fleet in the country. Future aircraft deliveries over the next two decades are also expected to create new opportunities for market vendors in North America. For instance, the Airbus Global Market Forecast indicates that over 6,970 commercial aircraft are projected to be delivered from 2023 to 2042, generating additional demand for aircraft heat exchangers in the coming years.

Scope of the Aircraft Heat Exchanger Market Report

Recent Developments in the Aircraft Heat Exchanger Market

The Aircraft Heat Exchanger Market is assessed through qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Below are some recent developments and strategies in the aircraft heat exchanger market:

In June 2023, Safran Aero Boosters introduced HIPEX, a new line of high-performance heat exchangers featuring an innovative aerodynamic design at the Paris Air Show. (Source: Safran Group, Press Release/Company Website/Newsletter)
In May 2023, AMETEK MRO AEM, a prominent provider of aviation maintenance, repair, and overhaul (MRO) services, expanded its heat exchanger capabilities at its Ramsgate facility in the UK. (Source: AMETEK, Press Release/Company Website/Newsletter)

Coverage and Deliverables of the Aircraft Heat Exchanger Market Report

The report titled "Aircraft Heat Exchanger Market Size and Forecast (2021-2031)" offers a comprehensive analysis of the market, covering the following areas:

Market size and forecast at global, regional, and country levels for all key market segments included in the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed Porter's Five Forces analysis
Global and regional market analysis highlighting key trends, major players, regulations, and recent developments
Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments
In-depth company profiles with SWOT analysis

Product Code: TIPAD00002143

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Aircraft Heat Exchanger Market Landscape

4.1 Market Overview
4.2 Porter’s Five Forces Analysis
- 4.2.1 Bargaining Power of Buyers:
  - 4.2.1.1 Large Numbers of Aircraft Manufacturers
- 4.2.2 Bargaining Power of Suppliers:
  - 4.2.2.1 Supplier Concentration is Moderately Growing
- 4.2.3 Threats to Substitutes:
  - 4.2.3.1 Existence of Aircraft Health Monitoring Systems and Flight Tracking Systems
- 4.2.4 Threats of New Entrants:
  - 4.2.4.1 Established Players Capture the Maximum Market
- 4.2.5 Degree of Competition:
  - 4.2.5.1 Large Number of Well Established Players with Balanced Financial Status
4.3 Ecosystem Analysis

5. Aircraft Heat Exchanger Market and Key Industry Dynamics

5.1 Key Market Drivers
- 5.1.1 Growing demand of plate-fin heat exchanger in aviation sector
- 5.1.2 Growing demand in aerospace industry
5.2 Key Market Restraint
- 5.2.1 Lack of aircraft investments in developing countries
5.3 Key Market Opportunity
- 5.3.1 Opportunity for aircraft manufacturers to expand in developing countries
5.4 Future Trend
- 5.4.1 Increasing use of additive manufacturing
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft Heat Exchanger Market and Global Market Analysis

6.1 Global Aircraft Heat Exchanger Market Overview
6.2 Global Aircraft Heat Exchanger Market Forecast and Analysis
6.3 Market Positioning- Top Five Players

7. Aircraft Heat Exchanger Market Analysis and By Type

7.1 Overview
7.2 Global Aircraft Heat Exchanger Market Breakdown, By Type, 2018 and 2031
7.3 Flat Tube
- 7.3.1 Overview
- 7.3.2 Global Flat Tube Market Revenue and Forecasts to 2031 (US$ Mn)
7.4 Plate-fin
- 7.4.1 Overview
- 7.4.2 Global Plate-fin Market Revenue and Forecasts to 2031 (US$ Mn)

8. Aircraft Heat Exchanger Market Analysis and Type of Aircraft

8.1 Overview
8.2 Aircraft Heat Exchanger Market Breakdown, Type of Aircraft, 2018 and 2031
8.3 Rotary-Wing Aircraft
- 8.3.1 Overview
- 8.3.2 Rotary-Wing Aircraft Market Revenue and Forecasts to 2031 (US$ Mn)
8.4 Fixed-Wing Aircraft
- 8.4.1 Overview
- 8.4.2 Fixed-Wing Aircraft Market Revenue and Forecasts to 2031 (US$ Mn)

9. Aircraft Heat Exchanger Market Analysis and By Application

9.1 Overview
9.2 Aircraft Heat Exchanger Market Breakdown, By Application, 2018 and 2031
9.3 Engine
- 9.3.1 Overview
- 9.3.2 Engine Market Revenue and Forecasts to 2031 (US$ Mn)
9.4 Airframe
- 9.4.1 Overview
- 9.4.2 Airframe Market Revenue and Forecasts to 2031 (US$ Mn)

10. Global Aircraft Heat Exchanger Market and Geographic Analysis

10.1 Overview
10.2 North America Aircraft Heat Exchanger Market Revenue and Forecast to 2031
- 10.2.1 Overview
- 10.2.2 North America Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
- 10.2.3 North America Aircraft Heat Exchanger Market Breakdown, By Type
- 10.2.4 North America Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
- 10.2.5 North America Aircraft Heat Exchanger Market Breakdown, By Application
- 10.2.6 North America Aircraft Heat Exchanger Market Breakdown, By Country
  - 10.2.6.1 US Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.2.6.1.1 US Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.2.6.1.2 US Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.2.6.1.3 US Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.2.6.2 Canada Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.2.6.2.1 Canada Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.2.6.2.2 Canada Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.2.6.2.3 Canada Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.2.6.3 Mexico Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.2.6.3.1 Mexico Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.2.6.3.2 Mexico Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.2.6.3.3 Mexico Aircraft Heat Exchanger Market Breakdown, By Application
10.3 Europe Aircraft Heat Exchanger Market Revenue and Forecast to 2031
- 10.3.1 Overview
- 10.3.2 Europe Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
- 10.3.3 Europe Aircraft Heat Exchanger Market Breakdown, By Type
- 10.3.4 Europe Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
- 10.3.5 Europe Aircraft Heat Exchanger Market Breakdown, By Application
- 10.3.6 Europe Aircraft Heat Exchanger Market Breakdown, By Country
  - 10.3.6.1 Germany Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.3.6.1.1 Germany Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.3.6.1.2 Germany Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.3.6.1.3 Germany Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.3.6.2 UK Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.3.6.2.1 UK Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.3.6.2.2 UK Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.3.6.2.3 UK Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.3.6.3 France Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.3.6.3.1 France Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.3.6.3.2 France Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.3.6.3.3 France Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.3.6.4 Russia Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.3.6.4.1 Russia Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.3.6.4.2 Russia Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.3.6.4.3 Russia Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.3.6.5 Rest of Europe Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.3.6.5.1 Rest of Europe Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.3.6.5.2 Rest of Europe Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.3.6.5.3 Rest of Europe Aircraft Heat Exchanger Market Breakdown, By Application
10.4 APAC Aircraft Heat Exchanger Market Revenue and Forecast to 2031
- 10.4.1 Overview
- 10.4.2 APAC Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.3 APAC Aircraft Heat Exchanger Market Breakdown, By Type
- 10.4.4 APAC Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
- 10.4.5 APAC Aircraft Heat Exchanger Market Breakdown, By Application
- 10.4.6 APAC Aircraft Heat Exchanger Market Breakdown, By Country
  - 10.4.6.1 China Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.4.6.1.1 China Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.4.6.1.2 China Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.4.6.1.3 China Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
  - 10.4.6.2 Japan Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.4.6.2.1 Japan Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.4.6.2.2 Japan Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.4.6.2.3 Japan Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.4.6.3 India Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.4.6.3.1 India Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.4.6.3.2 India Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.4.6.3.3 India Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.4.6.4 Australia Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.4.6.4.1 Australia Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.4.6.4.2 Australia Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.4.6.4.3 Australia Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.4.6.5 Rest of APAC Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.4.6.5.1 Rest of APAC Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.4.6.5.2 Rest of APAC Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.4.6.5.3 Rest of APAC Aircraft Heat Exchanger Market Breakdown, By Application
10.5 Middle East and Africa (MEA) Aircraft Heat Exchanger Market Revenue and Forecast to 2031
- 10.5.1 Overview
- 10.5.2 MEA Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
- 10.5.3 MEA Aircraft Heat Exchanger Market Breakdown, By Type
- 10.5.4 MEA Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
- 10.5.5 MEA Aircraft Heat Exchanger Market Breakdown, By Application
- 10.5.6 MEA Aircraft Heat Exchanger Market Breakdown, By Country
  - 10.5.6.1 UAE Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.5.6.1.1 UAE Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.5.6.1.2 UAE Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.5.6.1.3 UAE Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.5.6.2 Saudi Arabia Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.5.6.2.1 Saudi Arabia Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.5.6.2.2 Saudi Arabia Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.5.6.2.3 Saudi Arabia Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.5.6.3 South Africa Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.5.6.3.1 South Africa Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.5.6.3.2 South Africa Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.5.6.3.3 South Africa Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.5.6.4 Rest of MEA Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.5.6.4.1 Rest of MEA Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.5.6.4.2 Rest of MEA Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.5.6.4.3 Rest of MEA Aircraft Heat Exchanger Market Breakdown, By Application
10.6 SAM Aircraft Heat Exchanger Market Revenue and Forecast to 2031
- 10.6.1 Overview
- 10.6.2 SAM Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
- 10.6.3 SAM Aircraft Heat Exchanger Market Breakdown, By Type
- 10.6.4 SAM Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
- 10.6.5 SAM Aircraft Heat Exchanger Market Breakdown, By Application
- 10.6.6 SAM Aircraft Heat Exchanger Market Breakdown, By Country
  - 10.6.6.1 Brazil Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.6.6.1.1 Brazil Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.6.6.1.2 Brazil Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.6.6.1.3 Brazil Aircraft Heat Exchanger Market Breakdown, By Application
  - 10.6.6.2 Rest of SAM Aircraft Heat Exchanger Market Revenue and Forecast to 2031 (US$ Mn)
    - 10.6.6.2.1 Rest of SAM Aircraft Heat Exchanger Market Breakdown, By Type
    - 10.6.6.2.2 Rest of SAM Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
    - 10.6.6.2.3 Rest of SAM Aircraft Heat Exchanger Market Breakdown, By Application

11. Aircraft Heat Exchanger Market - Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Aircraft Heat Exchanger Market- Company Profiles

12.1 Boyd Corporation
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Collins Aerospace
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Honeywell International Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Jamco Corporation
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Liebherr Group
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Meggitt PLC
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 TAT Technologies Ltd.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Triumph Group, Inc.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Wall Colmonoy
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Woodward, Inc.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms