DUBLIN--(BUSINESS WIRE)--The "Aircraft Heat Exchanger Market by Application (Environmental Control System and Engine System), Type (Plate-fin, Flat Tube), Vendor (OEM, Aftermarket), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAVs) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aircraft heat exchanger market is estimated to be USD 1.19 billion in 2017 and is projected to reach USD 1.64 billion by 2022, at a CAGR of 6.73% from 2017 to 2022.
The growth of the aircraft heat exchanger market can be attributed to the rise in the production of new aircraft and increase in defense spending of various countries worldwide. The increasing use of heat exchangers in tactical and combat unmanned aerial vehicles is another significant factor contributing to the growth of the aircraft heat exchanger market, globally. However, backlogs in aircraft deliveries are acting as a restraint to the growth of the aircraft heat exchanger market. Issues associated with heat exchanger fouling pose a challenge to manufacturers of heat exchangers.
Based on application, the environmental control system segment is projected to lead the aircraft heat exchanger market from 2017 to 2022. The demand for heat exchangers in environmental control systems of aircraft is increasing at a rapid pace. Environmental control systems use heat exchangers to control the amount of cooling airflow in the aircraft cabin. In addition, heat exchangers are also used in air cycle machines and thermal management systems.
Based on vendor, the aircraft heat exchanger market has been segmented into OEM and aftermarket. Aftermarket services include maintenance, upgrade, and retrofit of aircraft heat exchanger components. The need for replacement of legacy heat exchanger systems with modernized systems is expected to drive the growth of the aftermarket segment of the aircraft heat exchanger market. Moreover, increased focus on production optimization in the aviation industry will positively influence the growth of the OEM segment of the aircraft heat exchanger market.
Key Topics Covered
2 Research Methodology
3 Premium Insights
4 Market Overview
5 Industry Trends
6 Aircraft Heat Exchanger Market, by Application
7 Aircraft Heat Exchanger Market, by Type
8 Aircraft Heat Exchanger Market, by Vendor
9 Aircraft Heat Exchanger Market, by Platform
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Aavid Thermalloy
- Honeywell International
- TAT Technologies
- Triumph Group
- United Technologies
- Wall Colmonoy
For more information about this report visit https://www.researchandmarkets.com/research/896wlx/global_aircraft?w=4