Aircraft Heat Exchanger Market: Overview
Heat exchangers are the vital tool in thermal engineering field, like refrigeration, power system cooling, electronic cooling, and for air conditioning. Enhanced heat transfer methods provide passive and active enhancement of heat exchanger. Heat exchangers are being commonly used in the aircraft for cooling hydraulics, auxiliary power unit, rammed air, gearbox and other components. The growth of aircraft heat exchanger is highly reliant on the rising demand of commercial aircraft and UAVs in the aerospace and defense industry.
Some of the leading players operating in the aircraft heat exchanger market includes:
Ametek, Jamco, Honeywell International, Aavid Thermalloy, Liebherr-International, Lytron, TAT Technologies, Meggitt, Triumph Group, United Technologies, Wall Colmonoy and Woodward among others.
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Aircraft Heat Exchanger Market: Drivers and Restraints
Continuously growing adoption of heat exchanger for various applications like pre coolers, intercoolers, evaporators, condensers and radiators is acting as a major growth driver for the aircraft heat exchanger market. Therefore, the growth of the global air transport and succeeding demand for the introduction of new aircraft having more passenger carrying capacity is also one of the key factor anticipated to catalyze the growing demand of aircraft heat exchanger during the forecast period. In addition, growing demand for the fighter jets and increase in the defense spending is also anticipated to increase the demand of aircraft heat exchanger in the upcoming years. In turn this is also projected to affect the aircraft heat exchanger market in a positive manner during the forecast period.
In spite of many driving factors, the aircraft heat exchanger market is expected to show a shrink and fluctuation in growth rate because of the backlogs in the aircraft deliveries. Issues with the availability of the raw material is also acting as one of the major constraint for the aircraft heat exchanger market. Lack of awareness of the user is also a restraint as the choice of heat exchangers can sometimes be limited to the high pressure operation. Issues related to transforming from the legacy heat exchangers with the new heat exchangers are also acting as restraining factor for the aircraft heat exchanger market. Technological advancement in the environmental control system and development in additive manufacturing is expected to act as key opportunities for the aircraft heat exchanger market.
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