Jan 18, 2018   SOURCE: BusinessWire

Global Aircraft Heat Exchanger Market Report 2017-2022 - Growth in Global Air Travel and Subsequent Demand for New Aircraft is Driving the Market - ResearchAndMarkets.com

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 projected to grow from USD 1.19 Billion in 2017 to USD 1.64 Billion by 2022, at a CAGR of 6.73% during the forecast period.

This growth is primarily driven by the increasing use of heat exchangers in unmanned aerial vehicles and rising commercial aircraft deliveries.

The aircraft heat exchanger market in the Asia Pacific region is projected to grow at the highest CAGR during 2017 to 2022. This growth can be attributed to the increase in aircraft production and deliveries in the Asia Pacific region. China, India, and Japan are key markets for aircraft heat exchangers in this region. The aircraft heat exchanger market in China is projected to witness significant growth, owing to the presence of key aircraft manufacturers, such as COMAC, and high demand for repair and maintenance of heat exchangers. Moreover, the growth of the aircraft heat exchanger market in India can be attributed to the rise in the production of commercial and military aircraft in this country.

Leading players in the aircraft heat exchanger market include Aavid Thermalloy (US), AMETEK (US), Honeywell Aerospace (US), JAMCO (Japan), Liebherr-International (Germany), Lytron (US), Meggitt (UK), TAT Technologies (Israel), Triumph Group, (US), United Technologies (US), Wall Colmonoy (US), and Woodward (US). Contracts & agreements were key growth strategies accounting for more than one-third of the total developments adopted by leading market players between 2012 and 2017.

Market Dynamics

Drivers

  • Growth in Global Air Travel and Subsequent Demand for New Aircraft
  • Increase in Defense Spending Coupled With the Growing Demand for Fighter Jets

Restraints

  • Backlogs in Aircraft Deliveries

Opportunities

  • Technological Advancements in Environmental Control Systems
  • Developments in Additive Manufacturing Technology

Challenges

  • Issues Associated With Heat Exchanger Fouling

Companies Mentioned

  • Aavid Thermalloy
  • Ametek
  • Honeywell International
  • Jamco
  • Liebherr-International
  • Lytron
  • Meggitt
  • TAT Technologies
  • Triumph Group
  • United Technologies
  • Wall Colmonoy
  • Woodward

For more information about this report visit https://www.researchandmarkets.com/research/47hbnk/global_aircraft?w=4