Europe aircraft heat exchanger market in is expected to grow from US$ 345.0 Mn in 2018 to US$ 650.0 Mn by the year 2027. This represents a CAGR of 7.5% 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. 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 global aircraft heat exchanger market.
Nowadays, growth in aircraft has increased substantially as the airlines in the developed countries are ordering increased number of aircraft to meet the continuously growing air travel demand. Due to the growing demand for several aircraft, the need for its numerous systems and equipment such as heat exchanger has also increased. The two most commonly used heat exchanger widely used in the aviation sector is flat tube and plate-fin. Both play an essential role in aviation application. However, plate-fin heat exchangers are widely used in the aviation sector due to its compactness, low weight, and high effectiveness. These exchangers are extensively used around the globe for several decades.
Currently, France is dominating the aircraft heat exchanger market in terms of installation, which in turn boost the demand for aircraft heat exchanger market. The aviation industry is among the key contributor to the French GDP. The Airbus exports, in particular, contribute mainly to the economic growth of the country. The total number of air passengers in France accounted for around 125 Million in 2016, and the same is expected to rise to about 170 Million by 2036, as per IATA. The major airlines in the country include; Air France, Aigle Azur, and ASL Airlines France, among others. The figure given below highlights the revenue share of Rest of Europe in the European aircraft heat exchanger market in the forecast period:
Exhibit: Rest of Europe in Europe Aircraft Heat Exchanger Market Revenue and Forecasts to 2027 (US$ Mn)
EUROPE AIRCRAFT HEAT EXCHANGER MARKET - SEGMENTATION
Europe Aircraft Heat Exchanger Market by Type
Europe Aircraft Heat Exchanger Market by Aircraft Type
Europe Aircraft Heat Exchanger Market by Application
Europe Aircraft Heat Exchanger Market by Country
Europe Aircraft Heat Exchanger Market Companies
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 345.0 Million |
| Market Size by 2027 | US$ 650.0 Million |
| CAGR (2018 - 2027) | 7.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Aircraft Heat Exchanger Market is valued at US$ 345.0 Million in 2018, it is projected to reach US$ 650.0 Million by 2027.
As per our report Europe Aircraft Heat Exchanger Market, the market size is valued at US$ 345.0 Million in 2018, projecting it to reach US$ 650.0 Million by 2027. This translates to a CAGR of approximately 7.5% during the forecast period.
The Europe 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 Europe Aircraft Heat Exchanger Market report:
The Europe Aircraft Heat Exchanger Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Aircraft Heat Exchanger Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aircraft Heat Exchanger Market value chain can benefit from the information contained in a comprehensive market report.
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