North America holds the majority revenue share of the aircraft heat exchanger market. Growing deliveries of commercial aircraft in the North America region are contributing to the high demand for aircraft heat exchangers. Also, the presence of key manufacturers of heat exchangers in the region is another noteworthy factor influencing the growth of the aircraft heat exchanger market. Growing regions such as Asia Pacific, Middle East, Africa, and South America are also anticipated to offer significant growth opportunities for aircraft heat exchanger market in the forecast period from 2019 to 2027 owing to the supportive government initiatives.
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Company Profiles
- Boyd Corporation
- Collins Aerospace
- Honeywell International Inc.
- Jamco Corporation
- Liebherr Group
- Meggitt PLC
- TAT Technologies Ltd
- Triumph Group, Inc.
- Wall Colmonoy
- Woodward, Inc.
Nowadays, growth in aircraft has increased substantially as the airlines in the developed countries are ordering increased number of aircraft to meet the continuously growing air travel demand. Due to the growing demand for several aircraft, the demand for its numerous systems and equipment such as heat exchanger has also increased. The two most commonly used heat exchanger widely used in the aviation sector is flat tube and plate-fin. Both play an essential role in aviation application. However, plate-fin heat exchangers are widely used in the aviation sector due to its compactness, low weight, and high effectiveness. These exchangers are extensively used around the globe for several decades. The growth in demand for plate-fin heat exchangers is positively influencing the aircraft heat exchanger market.
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Expansion of aircraft manufacturers in developing economies offer lucrative opportunity to the aircraft heat exchanger market
The demand for heat exchangers in the aircraft industry has increased in the global market. Many major companies which design and manufactures aircraft heat exchangers have the opportunity to expand its business in developing countries such as Mexico, Thailand, Malaysia, and others. The reason to expand in such countries is low labor cost and highly skilled labors. For instance, the earnings of workers in Mexico are one of the most cost-effective aspects of manufacturing operations to Mexico, which generates opportunities for the manufacturers of a highly developed country to expand its manufacturing plant. Several developed countries around the world are focusing on expanding its aircraft components manufacturing operation in the developing countries. The above-mentioned factor offers prosperous opportunities to the Aircraft heat exchanger market.
The global aircraft heat exchanger market is segmented on engine and airframe. There are various applications of heat exchangers. The main purpose is to aid in cooling is broadly used in the aviation industry apart from other applications such as refrigerators, car air conditioning, etc. They are mostly used to cool hydraulics, auxiliary power units, and other components that consist of an aircraft. Constantly increasing adoption of heat exchanger for various applications such as engine and airframe is acting as the main growth driver for the global aircraft heat exchanger market. Thus, the growth of the air transport and demand for the introduction of new aircraft with the capability of carrying more passenger is also one of the main factor expected to catalyze the rising demand of aircraft heat exchanger during the forecast period.
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Reasons To Buy:
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