DUBLIN, Dec. 5, 2019 /PRNewswire/ -- The "North America Aircraft Heat Exchanger Market to 2027 - Regional Analysis and Forecasts by Type; Type of Aircraft; Application" report has been added to ResearchAndMarkets.com's offering.
North America aircraft heat exchanger market in is expected to grow from US$ 633.4 Mn in 2018 to US$ 1,101.7 Mn by the year 2027. This represents a CAGR of 6.4% from the year 2018 to 2027.
In the year 2018, the global aerospace industry has experienced a solid year as passenger travel demand strengthened, and global aerospace expenditure continued to rise. The aerospace industry is anticipated to continue its growth trajectory in 2019, led by increasing commercial aircraft production and strong aerospace spending. According to the Aerospace Industries Association (AIA), in the year 2017, the government of the U.S. spends on research and development on aerospace and defense was totaled US$ 83.9 Bn.
Also, the industry's commercial aerospace sector saw its increase in the year 2017, compelled by higher shipments of commercial aircraft and general aviation aircraft. Thus, due to the rapid rise in the aerospace industry, several aircraft manufacturers can benefit from the growing spending in the sector to design and manufacture advanced aircraft heat exchangers. This factor drives the aircraft heat exchanger market.
Due to the support and involvement of the government in various potential regions such as North America, Europe, and the Asia Pacific in the demand and supply of aerospace products, the aerospace industry has set itself on the secure path towards a transformational change. The transformational change leads toward the progression of the aerospace industry as, the industry is developing in the export-oriented sector, with the potential to provide superlative opportunities for established companies in the aircraft heat exchanger 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 and gain a strong position in aircraft heat exchanger market. Therefore, growing aviation sector is aiding the growth of aircraft heat exchanger market in developing regions.
The North America aircraft heat exchanger market by type is segmented into the flat tube, plate-fin. Plate fin holds a significant share of the aircraft heat exchangers market and is expected to grow at a good growth rate in the near future. Heat exchangers play an important role in the design and operations of several machines such as power generators, heating systems, air conditioning systems, vehicles, oil rigs, refrigerators, and several engineering processing systems.
Relying on the overall function and location, heat exchangers come in two common types such as a flat tube, plate-fin heat exchanger. Plate-fin heat exchangers vary in terms of structure, but this type utilizes the same concepts of thermodynamics.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. North America Aircraft Heat Exchanger Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers:
18.104.22.168 Buyer Concentration is Moderately Growing
4.2.2 Bargaining Power of Suppliers:
22.214.171.124 Supplier Concentration is Decreasing
4.2.3 Threats to Substitutes:
126.96.36.199 Existence of Aircraft Health Monitoring Systems and Flight Tracking Systems
4.2.4 Threats of New Entrants:
188.8.131.52 Established Players Capture the Maximum Market
4.2.5 Degree of Competition:
184.108.40.206 Large Number of Well Established Players with Balanced Financial Status
4.3 Ecosystem Analysis
5. North America Aircraft Heat Exchanger Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing popularity of plate-fin heat exchangers
5.1.2 Rapidly growing aviation industry
5.2 Key Market Restraint
5.2.1 Extended Lifecycle of the aircraft heat exchangers
5.3 Key Market Opportunity
5.3.1 Business expansion opportunities in developing countries
5.4 Future Trend
5.4.1 Increasing use of additive manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. North America Aircraft Heat Exchanger Market Analysis
7. North America Aircraft Heat Exchanger Market Analysis - By Type
7.2 North America Aircraft Heat Exchanger Market Breakdown, By Type, 2018 & 2027
7.3 Flat Tube
8. North America Aircraft Heat Exchanger Market Analysis - Type of Aircraft
8.2 North America Aircraft Heat Exchanger Market Breakdown, Type of Aircraft, 2018 & 2027
8.3 Rotary-Wing Aircraft
8.4 Fixed-Wing Aircraft
9. North America Aircraft Heat Exchanger Market Analysis - By Application
9.2 North America Aircraft Heat Exchanger Market Breakdown, By Application, 2018 & 2027
10. North America Aircraft Heat Exchanger Market - Country Analysis
11. Aircraft Heat Exchanger Market - Industry Landscape
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Aircraft Heat Exchanger Market - Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/qkilv9
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
These press releases may also interest you