Asia-Pacific aircraft heat exchanger market in is expected to grow from US$ 236.8 Mn in 2018 to US$ 478.6 Mn by the year 2027. This represents a CAGR of 8.5% from the year 2018 to 2027.
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 India, Thailand, Malaysia, and others. The reason to expand in such countries is low labor cost and highly skilled labors. Several developed countries around the world are focusing on expanding its aircraft components manufacturing operation in the developing countries.
For instance, in February 2019, Boeing Co. and other key international aircraft makers are shifting to construct manufacturing bases in the Southeast Asia region. Southeast Asian countries such as Malaysia and Thailand are keen to attract industries from overseas, to develop their economies. This is also offering opportunities for small and medium-sized companies based in Japan that manufacture aircraft parts to start operations in the Southeast Asia region. Hence, these factors contribute to Thailand’s economic development.
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. Also, the industry’s commercial aerospace sector saw its increase in the year 2017, compelled by greater shipments of commercial aircraft and general aviation aircraft. Thus, due to the rapid increase in the aerospace industry, several aircraft manufacturers can benefit from the growing spending in the sector in order to design and manufacture advanced aircraft heat exchangers. This factor drives the global aircraft heat exchanger market.
Currently, China is dominating the aircraft heat exchanger market in terms of installation, which in turn boost the demand for aircraft heat exchanger market. The commercial aviation sector is booming at a rapid pace, which is providing new opportunities for Chinese airlines as well as international airlines to establish new routes to, from and around China. The boosting demand for commercial aircraft is leading the airlines to order more modern aircraft with enhanced devices and components integrated into the aircraft. As a result of which, the aircraft heat exchanger manufacturers are benefiting from new and advanced technological aircraft orders. The figure given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific aircraft heat exchanger market in the forecast period:
Exhibit: Rest of Asia-Pacific in Asia-Pacific Aircraft heat exchanger Market Revenue and Forecasts to 2027 (US$ Mn)
ASIA-PACIFIC AIRCRAFT HEAT EXCHANGER MARKET - SEGMENTATION
Asia-Pacific Aircraft Heat Exchanger Market by Type
Asia-Pacific Aircraft Heat Exchanger Market by Aircraft Type
Asia-Pacific Aircraft Heat Exchanger Market by Application
Asia-Pacific Aircraft Heat Exchanger Market by Country
Asia-Pacific Aircraft Heat Exchanger Market Companies
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 236.8 Million |
| Market Size by 2027 | US$ 478.6 Million |
| CAGR (2018 - 2027) | 8.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Aircraft Heat Exchanger Market is valued at US$ 236.8 Million in 2018, it is projected to reach US$ 478.6 Million by 2027.
As per our report Asia Pacific Aircraft Heat Exchanger Market, the market size is valued at US$ 236.8 Million in 2018, projecting it to reach US$ 478.6 Million by 2027. This translates to a CAGR of approximately 8.5% during the forecast period.
The Asia Pacific Aircraft Heat Exchanger Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Aircraft Heat Exchanger Market report:
The Asia Pacific Aircraft Heat Exchanger Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Aircraft Heat Exchanger Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Aircraft Heat Exchanger Market value chain can benefit from the information contained in a comprehensive market report.
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