The Aircraft Heat Exchanger Market size is estimated at USD 1.81 billion in 2024, and is expected to reach USD 2.85 billion by 2029, growing at a CAGR of 9.53% during the forecast period (2024-2029).
The aircraft heat exchangers market is moderately consolidated in nature, with few players holding significant shares in the market. Some prominent market players are Safran SA, TAT Technologies Ltd., RTX Corporation, Honeywell International Inc., and Parker Hannifin Corporation.
The key players in the market are focusing on the development of advanced aircraft heat exchangers for different types of aircraft. Growing expenditure on research and development and the introduction of new aircraft heat exchangers will create better opportunities in the coming years. For instance, General Atomics Aeronautical Systems Inc. (GA-ASI) is working in collaboration with Conflux Technology on the design and development of a new Fuel Oil Heat Exchanger (FOHE) for the MQ-9B. GA-ASI is manufacturing enhanced thermal solutions for its MQ-9B SkyGuardian and SeaGuardian remotely-piloted aircraft
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