Aircraft Heat Exchanger Market by Type (Flat Tube Heat Exchangers, Heat Pipe Heat Exchanger, Plate-Fin Heat Exchangers), Aircraft Type (Fixed-Wing, Rotary Wing), Application, Distribution Channel, End-User - Global Forecast 2024-2030
Description
Aircraft Heat Exchanger Market by Type (Flat Tube Heat Exchangers, Heat Pipe Heat Exchanger, Plate-Fin Heat Exchangers), Aircraft Type (Fixed-Wing, Rotary Wing), Application, Distribution Channel, End-User - Global Forecast 2024-2030
The Aircraft Heat Exchanger Market size was estimated at USD 1.87 billion in 2023 and expected to reach USD 2.05 billion in 2024, at a CAGR 10.09% to reach USD 3.67 billion by 2030.
Heat exchangers are used in the aerospace industry for cooling and heating purposes. Aircraft heat exchangers play a fundamental role in reducing fuel temperature and increasing the efficiency of aircraft engines. They experience arduous and extreme working conditions during their operation and require high mechanical integrity and endurance. Heat exchangers are frequently employed to cool rammed air, along with auxiliary power units, gearboxes, hydraulics, and various other parts of an aircraft. Over the years, there has been increased spending on aircraft production as they are increasingly required for civil and commercial activities. In addition, commercial UAVs are gaining popularity with immense government support for their utilization across industries. This increased use of aircraft and drones has accelerated the need for a diverse range of heat exchangers that match the requirements of the aircraft. However, the technical limitations associated with operations and strict design standards have impeded the heat exchanger production activities. Market players are focused on offering customized heat exchangers that ensure the industries’ specifications while catering to the international and national standards of the product to achieve improved commercialization. 3D-printed aircraft heat exchangers are highly adopted as they are designed based on the specific needs of fixed-wing or rotary aircraft.
Regional Insights
The aircraft heat exchanger market in the Americas portrays an advanced market driven by the presence of players with a trusted product portfolio and a wide regional network. The U.S. and Canada have witnessed accelerated growth in military and civil aircraft spending in the past few years, driven by government investments and the rise of international travel, respectively, presenting the need for advanced heat exchangers. The European players in the market are well-established, with multiple types of heat exchangers in their R&D pipeline. France, Germany, the UK, Spain, and Italy are some of the major producers and exporters of aircraft in the region. The Asia-Pacific has grown to be a major aluminum, carbon steel, copper, nickel, and foam distributor to the European and the U.S. market players for the production of heat exchangers. The region observes a huge potential for the aftermarket of heat exchangers, with significant upgradation of the aircraft to meet the increase in demand from domestic and international travel and cargo shipping.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Aircraft Heat Exchanger Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Growth in commercial and civil aviation coupled with adoption of UAVs
- Rising demand for fighter jets with enhanced efficiency coupled with increased military spending
- Market Restraints
- Fluctuating raw material costs and high cost of maintenance of aircraft heat exchangers
- Market Opportunities
- Technological advancements and collaborations to develop enhanced heat exchangers for aircraft
- Introduction of additive manufacturing for improved design of heat exchangers
- Market Challenges
- Operational and technical limitations of aircraft heat exchangers
- Market Segmentation Analysis
- Type: Increased demand for high-efficient and compact printed circuit heat exchangers heat exchangers
- Aircraft Type: Higher deployments in fixed-wing aircraft to ensure engine efficiency
- Application: Growing adoption of an environment control system for clean in-flight air supply
- Distribution Channel: Increased demand for reliable original equipment manufacturers aircraft heat exchanger
- End-User: Increasing utilization in commercial aviation to maintain safety compliances
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aircraft Heat Exchanger Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aircraft Heat Exchanger Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Safran unveils HIPEX, its new heat exchanger for aircraft engines
Safran SA introduced HIPEX, a new line of high-performance heat exchangers with an aerodynamic design, at the prestigious Paris Air Show. These heat exchangers incorporate curved or adjustable shapes, resulting in a 50% reduction in aerodynamic drag compared to existing models. Leveraging their expertise in engine oil systems and support from the Walloon Region's WINGS technological innovation partnership, Safran has developed single-block exchangers that offer improved aerodynamics and integration efficiency.
METEK MRO AEM introduces new heat exchanger repair capabilities
AMETEK MRO AEM has enhanced its heat exchanger capability at the Ramsgate facility in the UK in response to increased customer demand for A320, B737, and B757 aircraft fleets. As part of this expansion effort, the companies have successfully transferred knowledge and experience from Drake Air in Tulsa, Ohio, through a comprehensive technical training program.
German-Australian Partnership to Develop Aerospace Heat Exchangers
Conflux Technology is partnering with Germany-based Rocket Factory Augsburg (RFA) to develop and produce 3D-printed aerospace heat exchangers. This collaboration has been granted AUD 1 million from the Supply Chain Capability Improvement Grant Program, part of Australia's Space Agency's Moon to Mars Initiative. This project aims to integrate Conflux's heat exchanger into a rocket gas duct for NASA's upcoming mission to the Moon and Mars.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aircraft Heat Exchanger Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Aircraft Heat Exchanger Market, highlighting leading vendors and their innovative profiles. These include 3D Systems, Inc., AERO-Classics, Inc., AKG Group, American Manufacturing & Engineering Co., AMETEK, Inc., Aviatron Inc., Bharat Heavy Electricals Limited, Boyd Corporation, Conflux Technology Pty Ltd., Eaton Corporation PLC, ERG Aerospace Corporation, Essex Industries, Inc., General Electric Company, General System Engineering Sdn Bhd, Honeywell International Inc., Intergalactic, Jamco Corporation, Liebherr-International Deutschland GmbH, Mezzo Technologies Inc., MSM Aerospace Fabricators Ltd., Pacific Oil Cooler Service, Inc., Parfuse Corporation, Parker-Hannifin Corporation, Precision Micro Limited, Raytheon Technologies Corporation, RJM Heat Exchanger Inc., Safran S.A., Skyline Accessories, LLC, Sumitomo Precision Products Co., Ltd., TAT Technologies Ltd., Triumph Group, Inc., TURBOTECH SAS, Wall Colmonoy Group, and Woodward, Inc..
Market Segmentation & Coverage
This research report categorizes the Aircraft Heat Exchanger Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Flat Tube Heat Exchangers
- Heat Pipe Heat Exchanger
- Plate-Fin Heat Exchangers
- Printed Circuit Heat Exchangers
- Aircraft Type
- Fixed-Wing
- Rotary Wing
- Application
- Electronic Pod Cooling
- Engine System
- Environment Control System
- Hydraulic System
- Distribution Channel
- Aftermarket
- Original Equipment Manufacturer
- End-User
- Civil Aviation
- Commercial Aviation
- Military Aviation
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
183 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growth in commercial and civil aviation coupled with adoption of UAVs
- 5.1.1.2. Rising demand for fighter jets with enhanced efficiency coupled with increased military spending
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating raw material costs and high cost of maintenance of aircraft heat exchangers
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements and collaborations to develop enhanced heat exchangers for aircraft
- 5.1.3.2. Introduction of additive manufacturing for improved design of heat exchangers
- 5.1.4. Challenges
- 5.1.4.1. Operational and technical limitations of aircraft heat exchangers
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Increased demand for high-efficient and compact printed circuit heat exchangers heat exchangers
- 5.2.2. Aircraft Type: Higher deployments in fixed-wing aircraft to ensure engine efficiency
- 5.2.3. Application: Growing adoption of an environment control system for clean in-flight air supply
- 5.2.4. Distribution Channel: Increased demand for reliable original equipment manufacturers aircraft heat exchanger
- 5.2.5. End-User: Increasing utilization in commercial aviation to maintain safety compliances
- 5.3. Market Trend Analysis
- 5.3.1. Strict regulatory compliance coupled with growing need for fuel-efficient aircraft in the Americas
- 5.3.2. Expanding commercial aerospace activities and rising use of additive technologies in aircraft heat exchanger manufacturing across APAC region
- 5.3.3. Rising military budgets and expanding tourism industry increase the demand for aircraft heat exchangers in EMEA region
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 6. Aircraft Heat Exchanger Market, by Type
- 6.1. Introduction
- 6.2. Flat Tube Heat Exchangers
- 6.3. Heat Pipe Heat Exchanger
- 6.4. Plate-Fin Heat Exchangers
- 6.5. Printed Circuit Heat Exchangers
- 7. Aircraft Heat Exchanger Market, by Aircraft Type
- 7.1. Introduction
- 7.2. Fixed-Wing
- 7.3. Rotary Wing
- 8. Aircraft Heat Exchanger Market, by Application
- 8.1. Introduction
- 8.2. Electronic Pod Cooling
- 8.3. Engine System
- 8.4. Environment Control System
- 8.5. Hydraulic System
- 9. Aircraft Heat Exchanger Market, by Distribution Channel
- 9.1. Introduction
- 9.2. Aftermarket
- 9.3. Original Equipment Manufacturer
- 10. Aircraft Heat Exchanger Market, by End-User
- 10.1. Introduction
- 10.2. Civil Aviation
- 10.3. Commercial Aviation
- 10.4. Military Aviation
- 11. Americas Aircraft Heat Exchanger Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Aircraft Heat Exchanger Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Aircraft Heat Exchanger Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. Safran unveils HIPEX, its new heat exchanger for aircraft engines
- 14.3.2. METEK MRO AEM introduces new heat exchanger repair capabilities
- 14.3.3. German-Australian Partnership to Develop Aerospace Heat Exchangers
- 14.3.4. Air Force Orders Remanufacture of Regenerative Heat Exchangers
- 14.3.5. Intergalactic Receives Patent for Microtube Heat Exchanger Technology
- 14.3.6. Clean Aviation SWITCH Project to Advance Hybrid-Electric and Water Enhanced Turbofan Technologies
- 14.3.7. Contract Expansion with Collins Aerospace for MRO services for Boeing 777 Thermal Components
- 14.3.8. GA-ASI and Conflux to Develop New FOHE for the MQ-9B Aircraft
- 14.3.9. Honeywell, Reaction Engines to Collaborate on Sustainable Thermal Management Technologies
- 14.3.10. Arcline Investment Management Forms Signia Aerospace and Announces Acquisition of Mezzo Technologies, Inc.
- 14.3.11. GE Aviation: TIDCO & GE to establish Centre of Excellence for Aviation Research in Tamil Nadu
- 14.3.12. BHEL Bags Order To Supply Compact Heat Exchanger Sets For Tejas Aircraft
- 14.3.13. Collins Aerospace expands MRO capacity in China and Malaysia
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
Pricing
Currency Rates
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