Aircraft Heating Elements Market is Forecasted to Reach US$ 772 million in 2028, Says Stratview Research

The global aircraft heating elements market is projected to witness a growth rate of 5.1% annually from 2023 to 2028, with an anticipated size of US$ 772 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft heating elements market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 772 million
Growth (CAGR): 5.1% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Heating Elements Market:
The global aircraft heating elements market is segmented based on platform type, application type, end-user type, sales channel type, technology type, and region.

Based on platform type - The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAVs. Commercial aircraft is expected to be the dominant segment during the forecast period. An expected increase in the production rates of the best-selling aircraft programs to meet the huge order backlogs of aerospace giants (Airbus and Boeing) is estimated to drive the demand for heating elements in the commercial aircraft segment. Supply chain disruptions are affecting the market dynamics, especially compelling airframers to revise their production plans. Both, Boeing and Airbus, keep revising their production plans for their best-selling aircraft programs. The long-term market outlook seems rosy with healthy growth opportunities in the years to come. Boeing, in its latest commercial aircraft outlook, anticipated that approximately 41,170 commercial and regional aircraft are likely to be delivered in the next twenty years, suggesting a sustainable demand for all types of heating elements in the long term.

Based on the application type - The market is segmented into wing de-icing, engine de-icing, floor heating, ECS, water heating, instruments & sensors, and others. Wing de-icing is expected to remain the market's largest and fastest-growing application type during the forecast period. Wing de-icing uses flexible heating elements, one of the dominant technology types used in the aerospace industry. In addition to that, electric heating elements are preferred for wing de-icing as they provide protection regardless of engine operation.

Based on the end-user type - The market is segmented into OE and aftermarket. Aftermarket sales are likely to hold the leading position during the forecast period. Aging aircraft fleet size, frequent maintenance and inspection, increasing demand for MRO services, and regulatory requirements are the factors propelling the growth of aftermarket sales during the forecast period.

Based on the technology type - The market is segmented into flexible heating elements and others. Flexible heating elements are expected to remain dominant in the market during the forecast period. Flexible heating elements are preferred as they can be easily bent and shaped to fit into complex shapes. In addition to that, flexible heating elements are light in weight and are used in major applications such as wing de-icing, floor heating, ECS, and instrument & sensor heating.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3448/aircraft-heating-elements-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft heating elements during the forecast period. This growth outlook is majorly attributed to the following-
- This region has a presence of a large number of major OEMs and aerospace giants, such as Boeing, Lockheed Martin, and Bombardier, which make the region a growth engine for the heating elements market.
- The region has the presence of key heating element suppliers, such as Minco Products, Inc., and Thermon Group plc, along with key heater manufacturers such as GE and AMETEK, Inc. (FMH Aerospace Corp.).
- Asia-Pacific is estimated to remain the fastest-growing market for aircraft heating elements in the foreseeable future.
- Growth is mainly driven by China and India, due to increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, the expected launch of COMAC C919, and rising aircraft fleet size.

Aircraft Heating Elements Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing penetration of heating elements in various applications.
- Rise in the production rate of the key aircraft programs.

Top Companies in the Aircraft Heating Elements Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Spirax-Sarco Engineering plc
• Zoppas Industries
• NIBE Industrier AB (Heatron, Inc. and BriskHeat Corporation)
• Thermon Group Holdings, Inc.
• Minco Products Inc.
• Birk Manufacturing, Inc.
• Thermal Circuits Inc.
• Tayco Engineering, Inc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Heating Elements Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Aircraft De-Icing Fluids Market: https://www.stratviewresearch.com/350/Aircraft-De-Icing-Fluids-Market.html

• Aircraft Sensors Market: https://www.stratviewresearch.com/286/Aircraft-Sensors-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.