Business

Wind Tunnel Market is projected to reach US$ 4.2 billion by 2031.

Global Wind Tunnel Market to Reach US$ 4.2 BN by 2031, driven by the Rising Demand for Wind Tunnels in Aerospace and Military: Global Insight Services

New York, November 2022: According to a new research study by Global Insight Services (GIS), the wind tunnel market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 4.2 billion by 2031.

Wind tunnels are enormous air-filled tubes that are used to simulate the interaction of air with an object flying through the air or moving along the ground. Wind tunnels are used by researchers to understand more about how an aircraft will fly. Wind tunnels are used by NASA to test scale models of aircraft and spacecraft. Some wind tunnels are large enough to house full-scale vehicle replicas. The wind tunnel moves air around an object to make it appear to be flying. Wind tunnels evolved alongside the development of the airplane. During WWII, large wind tunnels were constructed. During the Cold War, wind tunnel testing was regarded as critical to the development of supersonic aircraft and weapons.

Request Sample Pages of this Research Report

https://www.globalinsightservices.com/request-sample/GIS10476/

Global Wind Tunnel Market: Market Drivers and Trends

Rising demand for wind tunnels in aerospace and military is projected to have a long-term impact on the industry. As these aircrafts are typically bare in severe weather, wind tunnels are frequently utilized for testing aircraft in the aerospace and defense application market. This, in turn, is predicted to increase the growth of the wind tunnel market between 2022 and 2031.

Furthermore, rising demand for unmanned aerial vehicles (UAVs) from the military and commercial sectors, as well as the construction of next generation high-speed aircraft, missiles, and railways, are likely to drive the global wind tunnel market forward.

Global Wind Tunnel Market: Market Restraints and Challenges

One of the negative elements limiting market growth is the high cost of wind tunnel installation and maintenance. Another hurdle that could stymie the global wind tunnel market’s growth is the usage of computational fluid dynamics (CFD) testing as a replacement for wind tunnel testing which is cheaper and quicker. While CFD may resolve turbulence, it does so in an abstract manner, whereas wind tunnels can directly resolve unstable gusts and eddies. As a result, CFD study often focuses on average hourly or 10-minute wind speeds rather than peak gust circumstances. These are the key restraints for the wind tunnel market.

Global Wind Tunnel Market Report Findings

https://www.globalinsightservices.com/reports/wind-tunnel-market/

The horizontal segment is likely to hold the major share of the market in 2021

Based on alignment, the wind tunnel market is bifurcated into horizontal & vertical. The horizontal segment led the market in 2021 and is expected to continue to dominate over the forecast period. Horizontal wind tunnels include aeroacoustics, aerodynamic, and climatic wind tunnels used in a variety of industries including aerospace and defense, racing championships, transportation, and building construction and wind energy. These products comprises of larger share in terms of revenue and quantity. So, it can be said that horizontal segment is going to dominate the market during the forecast period.

The subsonic segment is likely to hold the major share of the market in 2021

Based on airspeed type, the wind tunnel market is segmented into supersonic, subsonic, transonic and hypersonic. The subsonic segment maintained its dominance in 2021 and is likely to continue to lead the market during the forecast period. The demand for commercial airplane and automotive testing services is driving this industry. Subsonic wind tunnels are also used for aerodynamic testing in racing championships. The reason for this is that they reduce velocity while increasing pressure, which is required for usage in heavy equipment and applications.

The aerospace & defense segment is likely to hold the major share of the market in 2021

Based on application, the wind tunnel market is segmented into aerospace & defense, adventure sports, automotive and transportation. Aerospace and Defense application segment dominated the market in 2021, and this trend is projected to continue over the forecast period. The increased use of wind tunnels for testing aircraft used for aerospace and defense applications, as these aircraft are often subject to extreme environmental conditions, can be attributed to the segment’s expansion.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific led the global market in 2021 and is expected to do so throughout the projected period. Countries such as China, India, Japan, South Korea, Taiwan, and Australia are the region’s growth engines, investing heavily in indigenous development projects to engineer various sorts of new and novel aircraft for commercial and defense applications, as well as the improvement of electric automobile vehicles. China has significantly increased its spending on the development of new and innovative systems for the aerospace and defense industries, as well as the automotive industry. This, in turn, is expected to fuel the region’s expanding demand for wind tunnels and wind tunnel testing services. Furthermore, countries such as Japan, India, and South Korea are investing considerably in the development of rail, automotive, and maritime infrastructure, all of which are in high demand for wind tunnel testing applications.

Have a question for our analyst

https://www.globalinsightservices.com/inquiry-before-buying/GIS10476/

Competitive Landscape

The key players studied in the global wind tunnel market are as Aerolab (U.S.), Aiolos (Canada), Boeing(U.S.), ETW GmbH(Germany), Horiba Ltd(Japan), Lockheed Martin Corporation(U.S.), Mahle GmbH(Germany), Mitsubishi Heavy Industries, Ltd(Japan), Rail Tec Arsenal(Europe), and RUAG(Switzerland).

Global Wind Tunnel Market: Recent Developments

  • September 2022, Mahle has launched a large-scale, global solar programme to provide energy from its own production to its locations.
  • March 2021, RUAG created and tested wind tunnel models to simulate new turbofan and propeller technologies. This effort contributes to a greener future for the aviation sector.
  • March 2021, Rail Tec Arsenal intended to expand its Climatic Wind Tunnel Vienna tests. Workarounds and increased space needs for such testing are always increasing.

Global Wind Tunnel Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global wind tunnel market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global wind tunnel market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global wind tunnel market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global wind tunnel market industry.

Global Wind Tunnel Market Segmentation

By Alignment

  • Horizontal
  • Vertical

By Airspeed Type

  • Supersonic
  • Subsonic
  • Hypersonic
  • Transonic

By Application

  • Aerospace & Defense
  • Adventure Sports
  • Automotive
  • Transportation

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

  • Aerolab (U.S.)
  • Aiolos (Canada)
  • Boeing(U.S.)
  • ETW GmbH(Germany)
  • Horiba Ltd(Japan)
  • Lockheed Martin Corporation(U.S.)
  • Mahle GmbH(Germany)
  • Mitsubishi Heavy Industries, Ltd(Japan)
  • Rail Tec Arsenal(Europe)
  • RUAG(Switzerland)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button