LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global commercial aircraft heat transfer and fluid management system market is expected to grow at a CAGR of more than 5% by 2021.
This research report titled ‘Global Commercial Aircraft Heat Transfer and Fluid Management System Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The growing preference for more-electric aircraft (MEA) will propel the requirement for advanced heat transfer and fluid management systems. As these aircraft employ relatively higher units of onboard electronics components and systems, the heat generation from individual units needs to be addressed to maintain the effectiveness of each component. Likewise, the installation of multiple fuel tanks in long-haul flights will require the incorporation of advanced thermal management mechanisms.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio’s analysts categorize the global commercial aircraft heat transfer and fluid management system market into three major segments by application. They are:
- Narrow-body aircraft
- Wide-body aircraft
- Regional jets
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Global commercial aircraft heat transfer and fluid management system market in narrow-body aircraft segment
The aircraft heat transfer and fluid management system market is primarily driven by the growing procurement of narrow-body aircraft across the globe. Narrow-body aircraft, which is also referred to as single-aisle aircraft, has only one aisle in the cabin with the passenger seating arrangement divided into two axial groups. The demand for narrow-body is primarily being reflected owing to the increasing popularity of no-frill services or low-cost carriers (LCC) in many emerging and developed economies.
According to Avimanyu Basu, a lead aerospace research analyst from Technavio, “Major aircraft OEMs, like Boeing and Airbus, have planned to revamp their respective aircraft production programs, considering the growing demand in the narrow-body aircraft segment. In 2016, Airbus announced its plan to produce around 60 aircraft units of the A320neo family by 2020. Boeing aims to elevate its 737 MAX productions to 57 units per month by the same targeted period as Airbus.”
Global commercial aircraft heat transfer and fluid management system market in wide-body aircraft segment
A wide-body aircraft can accommodate two passenger aisles within the fuselage, enabling it to feature seven or more side-by-side seating arrangements. Such aircraft were originally designed to ensure increased efficiency and passenger comfort as well as superior cargo space. However, many airlines have reduced the extra passenger space for maximizing their overall revenue and profit margins over the years.
“Both Boeing and Airbus offer their respective series of wide-body aircraft under the large wide-body and medium wide-body segments. The demand for wide-body aircraft is not as much as narrow-body aircraft. However, with the changing dynamics of the global aviation industry, many operators are investing in the procurement of large and mid-sized wide-body aircraft to offer premium-class services to passengers,” says Avimanyu.
Global commercial aircraft heat transfer and fluid management system market in regional jet segment
The development of new-generation regional aircraft (both 20-59 seat and 60-99 seat segments) will drive the market growth for the global commercial aircraft heat transfer and fluid management system market in the regional jet segment. The increased importance of large regional jets will also become a valuable tool for network connectivity between secondary and tertiary airports across the globe.
Mature markets consisting of North America, Europe, and Northeast Asia (South Korea and Japan) will see a demand for airlines that operate fleets of aircraft with varying seating capacities. The entry of newer versions of regional jets will also propel the adoption of the advanced heat transfer and fluid management system in this segment during the forecast period.
The top vendors highlighted by Technavio’s research analysts in this report are:
- PARKER HANNIFIN
Browse Related Reports:
- Global Commercial Aircraft Seating Market 2017-2021
- Global In-flight Entertainment Systems Market 2017-2021
- Global Airport Information Systems Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.