The Aircraft Heat Exchanger Market size is projected to reach US$ 3.54 billion by 2031 from US$ 1.97 billion in 2023. The market is expected to register a CAGR of 7.6% in 2023–2031. The global aircraft manufacturing industry is possessed with a large number of well-established companies across the globe wherein the bargaining power of buyers is estimated to grow to a high level in the coming years. Due to the presence of a large number of heat exchanger suppliers in the market, the aircraft manufacturers have several options to choose the best manufacturer which provide higher quality products, better customer service, and lower prices.
The demand for the aircraft heat exchanger is surging among the aircraft manufacturers and airlines. The designers of the aircraft heat exchanger are spending enormous amounts in the development of advanced technology such as additive manufacturing to ease the process of designing. This factor is attracting the customers of heat exchangers designers, manufacturers, and suppliers. The airlines procure the aircraft heat exchanger through OEMs. Also, aircraft manufacturers such as Boeing, and Airbus, among others, convince their customers to integrate new aircraft with advanced products. This also facilitates the aircraft heat exchanger market to surge.
Aircraft heat exchanger market is likely to witness a robust growth in the coming years. The growth of market is attributed to soe of the below factors:
These factors are likely to show significant impact in terms of positive growth of the aircraft heat exchanger market. The need for effective heat & cooling management is another major factor generating the demand for new installation of heat exchangers in the new aircraft and existing aircraft fleet of various commercial airlines. Further, the rising procurement and orders of military aircraft is another major factor catalyzing the adoption of heat exchangers for military aircraft as well.
The rising demand for new aircraft from the operating airlines across different regions is one of the major factors pushing the global aircraft fleet size worldwide. In 2023, the global commercial aircraft fleet size was around 27,385 aircraft that further reached to 28,398 commercial aircraft in 2024. Such rise in fleet has driven the demand for aircraft heat exchanger across different regions. Moreover, the upcoming deliveries as per the Airbus and Boeing data (i.e., more than 40,000 aircraft are expected to be delivered during 2023 to 2042) is also likely to drive the market for aircraft heat exchangers in the coming years as well.
The rising number of UAV deployments across the armed forces of different countries is one of the major factors likely to generate new opportunities for new installations of heat exchangers in the UAV segment. Further, this is also supported by the rising military expenditure across different countries worldwide that are spending more expenses for the procurement of military UAVs. Such factors are likely to generate new opportunities for aircraft heat exchangers market in the coming years.
Key segments that contributed to the derivation of the Aircraft Heat Exchanger Market analysis are type, type of aircraft, application, type of manufacturing, and geography.
The geographic scope of the Aircraft Heat Exchanger Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the Aircraft Heat Exchanger Market in 2023, whereas, Asia Pacific region is likely to witness a significant growth during the forecast period. The North American region includes the US, Canada, and Mexico. The US dominated the North American aircraft heat exchanger market in 2023. This is mainly due to the rising air passenger traffic and increasing aircraft fleet size across the country. Further, the future aircraft deliveries in the coming twenty years will also generate new opportunities for the market vendors in the North America region. For instance, according to the Airbus Global Market Forecast report, more than 6,970 commercial aircraft are expected to be delivered during 2023-2042. This will generate new demand for aircraft heat exchanger in the coming years.
The regional trends and factors influencing the Aircraft Heat Exchanger Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Heat Exchanger Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.97 Billion |
| Market Size by 2031 | US$ 3.54 Billion |
| Global CAGR (2023 - 2031) | 7.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft Heat Exchanger Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft Heat Exchanger Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Aircraft Heat Exchanger Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aircraft heat exchanger market and strategies:
The “Aircraft Heat Exchanger Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: