HOME Research Insight Liebherr-International (Germany) and Honeywell Aerospace (US) are the Prominent Player in the Aircraft Heat Exchanger Market

Liebherr-International (Germany) and Honeywell Aerospace (US) are the Prominent Player in the Aircraft Heat Exchanger Market

The aircraft heat exchanger market is estimated to be USD 1.19 Billion in 2017 and is projected to reach USD 1.64 Billion by 2022, at a CAGR of 6.73% during the forecast period. North America is expected to be the largest market for aircraft heat exchangers from 2017 to 2022, followed by Europe. The growth of the aircraft heat exchanger market is mainly driven by the increasing deliveries of commercial aircraft and unmanned aerial vehicles worldwide and the rising demand for repair and maintenance of heat exchanger components.

Key players operating in the aircraft heat exchanger market include Aavid Thermalloy (US), AMETEK (US), Honeywell Aerospace (US), JAMCO (Japan), Liebherr-International (Germany), Lytron (US), Meggitt (UK), TAT Technologies (Israel), Triumph Group, (US), United Technologies (US), Wall Colmonoy (US), and Woodward (US).

Major strategies adopted by leading market players include expansions, contracts & agreements, new product developments, and mergers & acquisitions. The strategy of expansions was the most commonly adopted strategy between 2012 and 2017. Key players have also adopted the strategy of mergers & acquisitions and contracts & agreements to strengthen their foothold in the aircraft heat exchanger market.

Liebherr-International (Germany) is one of the key players that offer thermal management systems and environmental control systems for both, military and civil aviation sectors. The company has a diversified product portfolio in the aircraft heat exchanger market. Its aerospace & transportation systems division develops, manufactures, and services aircraft flight control and actuation systems, landing gear systems, air management systems, onboard electronics, and gears and gearboxes for commercial aircraft, regional jets, business jets, military aircraft, and helicopters. As a part of its key growth strategy, the company is engaged in undergoing R&D activities, acquiring contracts, and establishing joint ventures to enhance its presence in the aircraft heat exchanger market. For instance, in November 2017, Liebherr-Aerospace, a business segment of Liebherr-International, established a new liaison office in Hamburg (Germany) to boost cooperation between the engineering and R&D teams of Liebherr and Airbus.  

Honeywell Aerospace (US) is another prominent player in the aircraft heat exchanger market. The company is engaged in the development of technologically-advanced products for various end-use industries. It provides aircraft heat exchanger components to major aircraft manufacturers and also caters to the diverse demands of its aftermarket clients. For instance, in 2015, Honeywell and 3D Systems Corporation (US) received a contract worth USD 1.3 million from the US Air Force to design and build an aircraft heat exchanger using the 3D printing technique.

Related Reports:

Aircraft Heat Exchanger Market by Application (Environmental Control System and Engine System), Type (Plate-fin, Flat Tube), Vendor (OEM, Aftermarket), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, and UAVs), and Region - Global Forecast to 2022

Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports