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:
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ASIA-PACIFIC AIRCRAFT HEAT EXCHANGER MARKET - SEGMENTATION
Asia-Pacific Aircraft Heat Exchanger Market by Type
- Flat Tube
- Plate Fin
Asia-Pacific Aircraft Heat Exchanger Market by Aircraft Type
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Asia-Pacific Aircraft Heat Exchanger Market by Application
The List of Companies – Distributed Control System Market
- BOYD Corporation
- Collins Aerospace
- Honeywell International Inc
- Jamco Corporation
- Liebherr Group
- Meggit Plc
- Sunnito Precision Products Co, Ltd
- Triumph Group
- Woodward Inc.
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