Wind Tunnel Market Insight
Wind tunnel market is likely to witness a healthy CAGR of 3.2% during the forecast period. The growth of this market can be attributed to the progress of innovative generation of supersonic and hypersonic aircraft and missiles across the globe.
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Wind Tunnel Market Snapshot
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Growth
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3.2% for the next five years
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Major Solution Type
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Services
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Major Airspeed Type
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Subsonic
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Dominant Alignment Type
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Horizontal
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Dominant Application Type
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Aerospace & Defense
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Region with the highest demand
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Asia-Pacific
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Key Players
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Auto Research Center (ARC), Aerodium Technologies, Boeing Company, Centre Scientifique ET Technique Du Batiment (CSTB), Calspan Corporation, European Transonic Windtunnel (ETW), Forschungsinstitut Fur Kraftfahrwesen Und Fahrzeugmotoren Stuttgart (FKFS), Lockheed Martin, Mitsubishi Heavy Industries, and Ruag Group.
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Wind Tunnel Market Share: By Solution Type
Based on the solution type, the market is segmented as services and products. The services segment led the market in 2018, and is expected to remain dominant during the forecast period. The growth of this segment is owing to the abated Operation & Maintenance (O&M) expenses of wind tunnels and easy obtainability of technical knowhow to carry out their installation and maintenance.
Wind Tunnel Market Share: By Airspeed Type
Based on the airspeed type, the market is segmented as subsonic, transonic, supersonic, and hypersonic. The subsonic segment remained dominant in 2018, and is expected to lead the market during the forecast period. This segment is primarily propelled by the demand for commercial aircraft and automotive testing services. Subsonic wind tunnels are also employed in racing championship aerodynamic testing.
Wind Tunnel Market Share: By Alignment Type
Based on the alignment type, the market is segmented as horizontal and vertical. The horizontal segment led the market in 2018, and is estimated to govern the market in the coming five years. Horizontal wind tunnels comprise aeroacoustics, aerodynamic, and climatic wind tunnels employed in different industries, such as aerospace & defense, racing championship, transportation, and building construction & wind energy.
Wind Tunnel Market Share: By Application Type
Based on the application type, the market is segmented as aerospace & defense, transportation, racing championship, building construction & wind energy, adventure sports skydiving, and training & simulation. The aerospace & defense application segment commanded the market in 2018, and is expected to continue its dominance during the forecast period. The growth of this segment can be credited to the enhanced use of wind tunnels for testing aircraft used for aerospace & defense application as these aircraft are generally vulnerable to severe environmental conditions.
Wind Tunnel Market Share: By Region
In terms of regions, the Asia-Pacific’s wind tunnel market is estimated to register the highest growth in the coming five years. Countries such as China, India, Japan, South Korea, Taiwan, and Australia are the growth engines of the region as they are enormously investing in indigenous development programs to engineer different types of new and innovative aircraft for commercial and defense applications, coupled with the advancement of electric automotive vehicles. China has considerably augmented its expenditure for the evolution of new and advanced systems for the aerospace & defense and automotive industries. This, in turn, is anticipated to stimulate the growing demand for wind tunnels and wind tunnel testing services in the region. Further, countries such as Japan, India, and South Korea are also heavily spending for the development of rail, automotive, and marine infrastructures, which demand for wind tunnel testing applications.
Some of the major players in the wind tunnel market are Auto Research Center (ARC), Aerodium Technologies, Boeing Company, Centre Scientifique ET Technique Du Bâtiment (CSTB), Calspan Corporation, European Transonic Windtunnel (ETW), Forschungsinstitut Für Kraftfahrwesen Und Fahrzeugmotoren Stuttgart (FKFS), Lockheed Martin, Mitsubishi Heavy Industries, and Ruag Group.
Market Scope & Segmentation
Wind Tunnel is a large tube that copies an object’s action in flight. These are mainly used by the researchers in order to know about the aircraft and also to test different models of spacecraft and aircraft.
Wind Tunnel can be big and they work horizontally or vertically. There can be different airspeed type for the working of the wind tunnel such as subsonic, supersonic, transonic, and hypersonic. Wind tunnels are broadly used in aerospace and defense, racing championship, adventure sports, transportation, construction, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Wind Tunnel Market Research Report - Features
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Market Segmentation
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5
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The wind tunnel market is segmented into the following categories.
Wind Tunnel Market Size, Share, & Forecast, by Solution Type:
- Services
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Solution Type Analysis: Testing Facility Services and Wind Tunnel Maintenance Services)
- Products
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Solution Type Analysis: Hardware and Software)
Wind Tunnel Market Size, Share, & Forecast, by Airspeed Type:
- Subsonic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transonic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Supersonic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hypersonic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Wind Tunnel Market Size, Share, & Forecast, by Alignment Type:
- Horizontal
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Alignment Type Analysis: Open Circuit, Closed Circuit, and Recirculation)
- Vertical
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Alignment Type Analysis: Open, Wall-To-Wall, and Recirculation/Single Loop)
Wind Tunnel Market Size, Share, & Forecast, by Application Type:
- Aerospace & Defense
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Application Type Analysis: Aircraft and Rockets & Missiles)
- Transportation
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Application Type Analysis: Automotive, High-Speed Trains, and Marine)
- Racing Championship (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Building Construction & Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Adventure Sports Skydiving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Training & Simulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Wind Tunnel Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the solution types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]stratviewresearch.com.
