A wind tunnel is a tool used in aerodynamic research to study the effects of air moving past solid objects. A wind tunnel consists of a tubular passage with the object under test mounted in the middle. Air is made to move past the object by a powerful fan system or other means. The test object, often called a wind tunnel model, is instrumented with suitable sensors to measure aerodynamic forces, pressure distribution, or other aerodynamic-related characteristics.
Market Analysis and Insights: Global Wind Tunnel Market
Due to the COVID-19 pandemic, the global Wind Tunnel market size is estimated to be worth US$ 2157.4 million in 2022 and is forecast to a readjusted size of US$ 2458.3 million by 2028 with a CAGR of 2.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Vertical accounting for % of the Wind Tunnel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Aerospace & Defense segment is altered to an % CAGR throughout this forecast period.
By region, the Asia Pacific wind tunnel market is projected to grow at the highest rate from 2018 to 2023. Countries such as China, India, Japan, South Korea, Taiwan, and Australia are investing in indigenous development programs to manufacture various types of new and advanced aircraft for commercial and defense applications, along with the development of electric automotive vehicles. China has substantially increased its spending for the development of new and advanced systems for the aerospace & defense and automotive sectors. This, in turn, is expected to contribute toward increased demand for wind tunnels and wind tunnel testing services in the country. Moreover, countries such as Japan, India, and South Korea are also spending increasingly for the development of rail, automotive, and marine infrastructures, which require wind tunnel testing.
Global Wind Tunnel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Wind Tunnel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Vertical
Horizontal
Segment by Application
Aerospace & Defense
Transportation
Racing Championship
Building Construction & Wind Energy
Adventure Sports Skydiving
Training & Simulation
By Company
Boeing
Lockheed Martin
Aiolos
Aerolab
Horiba
Forschungsinstitut Fur Kraftfahrwesen Und Fahrzeugmotoren Stuttgart (FKFS)
Mahle
Mitsubishi Heavy Industries
Rail Tec Arsenal (RTA)
Centre Scientifique ET Technique Du Batiment (CSTB)
Auto Research Center (ARC)
Ruag Group
European Transonic Windtunnel (ETW)
Aerodyn Wind Tunnel
DNW
BMT
Force Technology
Windtech Consultants
Calspan
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina