AircraftHeat Exchanger Market Size And Forecast
AircraftHeat Exchanger Market size was valued at USD 1.24 Billion in 2020 and isprojected to reach USD 1.99 Billion by 2028, growing at a CAGR of 6.14% from 2021 to2028.

Thepersistently growing adoption of heat exchanger for various applications likeintercoolers, pre coolers, condensers, evaporators, and radiators is acting asa major growth driver for the Aircraft Heat Exchanger Market. Therefore, thegrowth of global air transport and continuously increasing demand for theintroduction of new aircraft having more passenger-carrying capacity is alsoone of the major factors anticipated to boost the growing demand of aircraftheat exchanger during the forecast period. The Global Aircraft Heat ExchangerMarket report provides a holistic evaluation of the market. The report offers acomprehensive analysis of key segments, trends, drivers, restraints,competitive landscape, and factors that are playing a substantial role in themarket.

GlobalAircraft Heat Exchanger Market Definition
Heatexchangers are a vital tool in the thermal engineering field, like power systemcooling, refrigeration, electronic cooling, and air conditioning. Enhanced heattransfer methods provide passive and active enhancement of heat exchanger. Inaviation engineering, they are specially used for reducing the temperatures ofthe fuel and thus increasing the efficiency of the aircraft engines. Aircraftheat exchangers are commonly used to cool hydraulics, RAM air, auxiliary powerunits, gearboxes, etc. The aircraft heat exchanger is divided into fixed-wingaircraft, rotary-wing aircraft, and unmanned aerial vehicles. The most commonuse heat exchanges in aviation are the flat tube and the plate-fin heatexchangers. Both heat exchangers are engineered for high performance with poorheat transfer fluids such as oils and ethylene glycol solutions for efficientcooling.

Plate-fin heat exchangers are made from finnedpassages and are separated by flat plates and have a unique internal pattern tomaximize heat transfer. They give the best performance-to-weight ratio and areapplicable for air-to-air, air-to-liquid, or liquid-to-liquid cooling. The flattube heat exchanger consists of several flat tubes that come with multipleextended surface outlets within each tube. In flat tube heat exchangers, thefins are typically vacuum-brazed between each flat tube and it is used to forma passage for the second fluid. These flat tube designs provide a lower-costalternative to plate-fin designs. Both these type of heat exchangers isvacuum-based for rugged-ization.

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Theoperation of a heat exchanger occurs by the transfer of energy in the form ofheat from one medium to another. The same principle is used by aircraft heatexchangers. The aircraft heat exchangers have gone through a rapid developmentphase that would offer quiet efficient operation. Heat exchangers are beingextensively used in the aircraft for cooling hydraulics, auxiliary power unit,rammed air, gearbox, and other components. The growth of aircraft heatexchanger is highly reliant on the rising demand for commercial aircraft andUAVs in the aerospace and defense industry.

GlobalAircraft Heat Exchanger Market Overview
TheAircraft Heat Exchanger Market is experiencing a rapid demand in terms ofprocurement among various commercial airlines and defense forces. Attributingto the massive demand for technologically advanced aircraft, thewell-established airliners as well as defense forces across North America,Europe, Asia Pacific, Middle East, and Africa, and South America arepressurizing the heat exchanger manufacturers to innovated and develop robusttechnology to cater their demands. This will drive the global market. Moreover,the persistently growing adoption of heat exchanger for various applicationslike intercoolers, pre coolers, condensers, evaporators, and radiators isacting as a major growth driver for the Aircraft Heat Exchanger Market.

Therefore,the growth of the global air transport and continuously increasing demand forthe introduction of new aircraft having more passenger-carrying capacity isalso one of the major factors anticipated to boost the growing demand ofaircraft heat exchanger during the forecast period. Furthermore, the need forreplacement of legacy heat exchanger systems with modernized systems isexpected to drive growth and increase the worldwide market in terms of globalrevenue. The growth in global air travel and tourism coupled with the growingdemand for fighter jets has positively anticipated in propelling the growth ofthe global Aircraft Heat Exchanger Market.

Thereare certain restraints and challenges faced which will hinder the overallmarket growth. The factors such as lack of a skilled workforce and the absenceof standards and protocols are limiting the market growth. the Aircraft HeatExchanger Market is expected to show a shrink in growth rate because of thebacklogs in the aircraft deliveries. Further, issues with the availability ofthe raw material, lack of awareness of the user, and issues related totransforming from the legacy heat exchangers with the new heat exchangers arethe potential restraints hampering the overall growth of the global AircraftHeat Exchanger Market. Nevertheless, Technological Advancements inEnvironmental Control Systems in additive manufacturing, and untapped potentialin emerging markets offer favorable growth opportunities.

GlobalAircraft Heat Exchanger Market: Segmentation Analysis
TheGlobal Aircraft Heat Exchanger Market is segmented based onProduct, Application, and Geography.

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AircraftHeat Exchanger Market, By Product
•Plate-Fin
• Flat Tube

Basedon Product, the market is bifurcated into Plate-fin, Flat Tube. The plate-finsegment holds the largest market share for the forecast period. Plate-fin heatexchanger is the most common type of aircraft heat exchanger, which operates onthe mechanical principle of transferring heat between two fluids through platesand finned chambers. Plate-fin heat exchangers are used to alleviating thetemperature inside the aircraft cabin.

AircraftHeat Exchanger Market, By Application
•Environmental Control System
• Engine System

Basedon Application, the market is bifurcated into Environmental Control System andEngine System. The environmental control system segment holds the largestmarket share. Environmental control systems use heat exchangers to controlcabin pressurization. This is projected to accelerate the growth of theenvironmental control system segment of the Aircraft Heat Exchanger Market.Moreover, the growth in the production of commercial and business aircraft isprompting the growth of the market for aircraft heat exchanger systemcomponents.

AircraftHeat Exchanger Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of regional analysis, the Global Aircraft Heat Exchanger Market isclassified into North America, Europe, Asia Pacific, and Rest of the world.North America holds the largest market share of the Aircraft Heat ExchangerMarket. The substantial increase in deliveries of commercial aircraft andunmanned aerial vehicles in the US and Canada. The rising demand formaintenance and repair services by some of the key players is further drivingthe growth of the Aircraft Heat Exchanger Market in this region.

KeyPlayers
The“Global Aircraft Heat Exchanger Market” study report will provide valuableinsight with an emphasis on the global market. The major players in themarket are AavidThermalloy, Ametek, Honeywell International, Jamco, Liebherr-International,Lytron, Meggitt, TAT Technologies, Triumph Group, United Technologies, WallColmonoy, Woodward. The competitive landscape sectionalso includes key development strategies, market share, and market rankinganalysis of the above-mentioned players globally.

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