항공우주 및 방위용 열 관리 시스템 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Aerospace and Defense Thermal Management Systems Market was valued at USD 23.8 billion in 2024 and is estimated to grow at a CAGR of 6.6% to reach USD 44.6 billion by 2034, fueled by rising investments in advanced military equipment and the rapid production of next-gen aircraft. The industry is undergoing a transformation as governments across the globe increase their defense budgets to enhance national security and battlefield superiority. With the deployment of increasingly compact and power-dense platforms, thermal management is no longer just a support system-it's now a mission-critical component. As high-performance electronics, avionics, and propulsion systems continue to evolve, so does the demand for thermal solutions that ensure both operational stability and long-term equipment durability. The integration of artificial intelligence, directed energy weapons, hypersonic systems, and electric propulsion technologies is adding new layers of complexity to thermal regulation, making it one of the top priorities for OEMs and defense contractors. As defense platforms become more interconnected and data-driven, thermal management systems must be engineered with adaptability, redundancy, and smart control in mind. This shift is pushing manufacturers to develop dynamic, lightweight, and modular cooling systems that align with modern warfare requirements.

Trade policies are also playing a major role in shaping the growth curve of the market. Tariffs on imported aerospace components and raw materials have significantly impacted manufacturing costs, particularly in the United States. Higher prices for essential inputs like aluminum, steel, and thermal interface materials have introduced procurement volatility and stretched lead times. While some trade incentives have encouraged local sourcing, many manufacturers are re-evaluating their supply chain strategies to reduce dependency on imports and build more resilient production ecosystems. The unpredictability of tariffs and trade agreements has driven the market toward smarter logistics, localized production, and adaptive sourcing strategies.

Aircraft continue to lead the platform segment of the aerospace and defense thermal management systems market, accounting for USD 15.1 billion in 2024. Next-generation military jets and UAVs are being equipped with powerful avionics, electronic warfare systems, and surveillance technologies that generate substantial heat. To maintain mission readiness and platform longevity, these aircraft require highly efficient, lightweight cooling systems. As electric propulsion and hybrid configurations gain traction, the need for thermal solutions that conserve energy without compromising performance is becoming even more critical. While aircraft dominate the platform segment, land-based systems and naval vessels are rapidly adopting advanced thermal technologies to support the growing power demands of onboard communications, electronics, and weapons systems.

Active thermal management systems led the market with a valuation of USD 16.4 billion in 2024, thanks to their superior ability to regulate high-density thermal loads. Technologies like liquid cooling units, thermoelectric modules, and vapor compression systems are now essential for high-stakes defense operations. What sets these systems apart is their real-time adaptability-enabled by smart sensors, embedded controls, and AI integration. These features allow platforms to adjust thermal loads dynamically, maintaining peak performance even during extended, high-intensity missions. The growing complexity of defense applications has made active systems the go-to choice for military and aerospace stakeholders aiming to future-proof their technology stacks.

The United States Aerospace and Defense Thermal Management Systems Market generated USD 7.4 billion in 2024, driven by rapid innovation in high-tech defense platforms including hypersonic missiles, advanced stealth bombers, and directed energy weapons. These technologies produce massive thermal outputs, demanding next-gen cooling systems that offer precision and scalability. U.S. defense programs are increasingly focusing on integrated thermal architectures that support seamless operation across air, land, and sea domains. From unmanned ground vehicles to destroyers and stealth aircraft, the military is prioritizing cooling solutions that align with digital transformation goals and battlefield readiness. As a result, manufacturers are investing heavily in modular, reconfigurable systems that can evolve with mission requirements and reduce integration timelines.

Key players such as Honeywell International, Signia Aerospace, Marotta Controls, Laird Thermal Systems, Bascom Hunter, and BAE Systems are doubling down on RandD efforts to build smarter, lighter, and more scalable thermal solutions. They're entering into strategic partnerships with defense contractors and emerging tech firms to co-develop intelligent cooling systems that combine performance with flexibility. Companies are also turning to additive manufacturing to streamline production and shorten lead times in high-demand projects, further boosting their competitiveness in this fast-evolving market.

Table of Contents

Chapter 1 Methodology and Scope

• 1.1 Market scope and definitions
• 1.2 Research design
  • 1.2.1 research approach
  • 1.2.2 Data collection methods
• 1.3 Base estimates and calculations
  • 1.3.1 Base year calculation
  • 1.3.2 Key trends for market estimation
• 1.4 Forecast model
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
  • 1.5.2 Data mining sources

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Trump administration tariffs
  • 3.2.1 Impact on trade
    • 3.2.1.1 Trade volume disruptions
    • 3.2.1.2 Retaliatory measures
  • 3.2.2 Impact on the industry
    • 3.2.2.1 Supply-Side Impact
      • 3.2.2.1.1 Price volatility in Key components
      • 3.2.2.1.2 Supply chain restructuring
      • 3.2.2.1.3 Production cost implications
    • 3.2.2.2 Demand-side impact (Selling Price)
      • 3.2.2.2.1 Price transmission to end markets
      • 3.2.2.2.2 Market share dynamics
      • 3.2.2.2.3 Consumer response patterns
  • 3.2.3 Key companies impacted
  • 3.2.4 Strategic industry responses
    • 3.2.4.1 Supply chain reconfiguration
    • 3.2.4.2 Pricing and product strategies
    • 3.2.4.3 Policy engagement
  • 3.2.5 Outlook and future considerations
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
    • 3.3.1.1 Rise in advanced military aircraft production
    • 3.3.1.2 Growing adoption of electric and hybrid-electric propulsion
    • 3.3.1.3 Expansion of satellite and space missions
    • 3.3.1.4 Growing UAV and drone operations
    • 3.3.1.5 Rising military spending globally
  • 3.3.2 Industry pitfalls and challenges
    • 3.3.2.1 High development and integration costs
    • 3.3.2.2 Cybersecurity and system vulnerability risks
• 3.4 Growth potential analysis
• 3.5 Regulatory landscape
• 3.6 Technology landscape
• 3.7 Future market trends
• 3.8 Gap analysis
• 3.9 Porter's analysis
• 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive analysis of major market players
• 4.4 Competitive positioning matrix
• 4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Platform, 2021 - 2034 (USD Million & Million Units)

• 5.1 Key trends
• 5.2 Aircraft
• 5.3 Land systems
• 5.4 Naval systems

Chapter 6 Market Estimates and Forecast, By System Type, 2021 - 2034 (USD Million & Million Units)

• 6.1 Key trends
• 6.2 Active thermal management systems
• 6.3 Passive thermal management systems

Chapter 7 Market Estimates and Forecast, By Component, 2021 - 2034 (USD Million & Million Units)

• 7.1 Key trends
• 7.2 Cold plates
• 7.3 Heat exchangers
• 7.4 Fans & blowers
• 7.5 Pumps & compressors
• 7.6 Valves & sensors
• 7.7 Thermal insulation materials
• 7.8 Others

Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2034 (USD Million & Million Units)

• 8.1 Key trends
• 8.2 Avionics & electronics cooling
• 8.3 Engine cooling
• 8.4 Energy storage cooling
• 8.5 Weapons systems cooling
• 8.6 Cabin comfort
• 8.7 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2034 (USD Million & Million Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 France
  • 9.3.4 Spain
  • 9.3.5 Italy
  • 9.3.6 Netherlands
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 Australia
  • 9.4.5 South Korea
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 Middle East and Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 South Africa
  • 9.6.3 UAE

Chapter 10 Company Profiles

• 10.1 Advanced Cooling Technologies
• 10.2 AMETEK
• 10.3 BAE Systems
• 10.4 Bascom Hunter
• 10.5 Boyd Corporation
• 10.6 Collins Aerospace
• 10.7 Crane Aerospace and Electronics
• 10.8 Honeywell International
• 10.9 Laird Thermal Systems
• 10.10 Liebherr Aerospace
• 10.11 Marotta Controls
• 10.12 Meggitt
• 10.13 Signia Aerospace
• 10.14 TAT Technologies