Aircraft Cooling Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The aircraft cooling systems enables management of inner cabin temperature, making the environment comfortable for the passengers. These systems are available in two types of technologies: warm cycle air conditioning and vapor cycle air conditioning. While warm cycle cooling systems are used in turbine-powered aircraft engines, the vapor cycle cooling systems are implemented in reciprocating aircraft engines. Currently, the dominant market players are focused on development and sales of energy-efficient, compact, and lightweight aircraft cooling systems.

MARKET SCOPE

The "Global Aircraft Cooling Systems Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Cooling Systems market with detailed market segmentation by Product Type, Aircraft Type, Application, and geography. The global Aircraft Cooling Systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Cooling Systems market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of Product Type, the market is segmented as Air Cycle Air Conditioning, and Vapor Cycle Air Conditioning.
  
•   On the basis of Aircraft Type, the market is segmented as Fixed Wing Aircraft and Rotary Wing Aircraft.
  
•   Based on Application, the market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation Aircraft.
  

MARKET DYNAMICS
Drivers:

•   Rising demand of aircraft in both commercial and defense sector and deployment of new aircraft in airlines' fleet
  
•   Research and Development initiatives by companies to provide lighter and more compact cooling systems for fuel efficiency
  Restraint -
  
•   Rising concern of impact on environment
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Cooling Systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Cooling Systems market in these regions.

IMPACT OF COVID-19 ON AIRCRAFT COOLING SYSTEMS MARKET

COVID-19 severely impacted the aviation industry by the end of 2021 due to plummeting air traffic lockdown-related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including Aircraft Cooling Systems manufacturers. As a result the consequent fall in demand, airlines have been focusing on reducing costs and expenses, including cutting back on aircraft manufacturing spending. There has been a tremendous shift in the adoption of electric aircraft, especially by general aviation in the aftermath of the COVID-19 pandemic. However, major market players have taken several steps to deal with the impact of the pandemic on their revenues and operations. For instance, in June 2021, Honeywell International launched a new Micro Vapor Cycle System (MicroVCS) for the development of urban air mobility (UAM) and electric aircraft. Moreover, the demand for such vital components for military aircraft also remains constant owing to the requirements of the military agency. Thus, the market for Aircraft Cooling Systems, despite of sliding to lower-than-normal levels in 2021-2021, is expected to remain neutrally affected by the pandemic.

Aircraft Cooling Systems Market Report Analysis

Aircraft Cooling Systems Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Honeywell Aerospace
• AERO Specialties, Inc.
• MAK Controls
• Air Comm Corporation
• Aeroservicios USA Inc.
• Diehl Stiftung and Co. KG
• FIMAC SPAGuinault
• Tronair
• Cavotec SA

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Air Cycle Air Conditioning
• Vapor Cycle Air Conditioning

By Aircraft Type

• Fixed Wing Aircraft
• Rotary Wing Aircraft

By Application

• Commercial Aircraft
• Military Aircraft
• General Aviation Aircraft

MARKET PLAYERS

The reports cover key developments in the Aircraft Cooling Systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Aircraft Cooling Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Cooling Systems market. Below mentioned is the list of few companies engaged in the Aircraft Cooling Systems market.

The report also includes the profiles of key Aircraft Cooling Systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   AERO Specialties, Inc.
  
•   Aeroservicios USA Inc.
  
•   Air Comm Corporation
  
•   Cavotec SA
  
•   Diehl Stiftung and Co. KG
  
•   FIMAC SPA
  
•   Guinault
  
•   Honeywell Aerospace
  
•   MAK Controls
  
•   Tronair
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Cooling Systems Report Scope