Wind Tunnel Market Growth Analysis | 2023-2028

Market Insights

The wind tunnel market was estimated at USD 2.47 billion in 2022 and is likely to grow at a CAGR of 3.02% during 2023-2028 to reach USD 2.96 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

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.

Market Drivers

The growth of this market can be attributed to the progress of innovative generation of supersonic and hypersonic aircraft and missiles across the globe.

Want to have a closer look at this market report? Click Here

Key Players

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
• Ruag Group

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments Analysis

By Solution Type

Based on the solution type, the market is segmented as services and products. The services segment led the market in 2022 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.

By Airspeed Type

Based on the airspeed type, the market is segmented as subsonic, transonic, supersonic, and hypersonic. The subsonic segment remained dominant in 2022 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.

By Alignment Type

Based on the alignment type, the market is segmented as horizontal and vertical. The horizontal segment led the market in 2022 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.

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 2022 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.

Regional Insights

In terms of regions, the Asia-Pacific’s 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.

Know the high-growth countries in this report. Register Here

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects wind tunnel market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both 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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

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.

The wind tunnel market is segmented into the following categories:

By Solution Type

• Services
• Products

By Airspeed Type

• Subsonic
• Transonic
• Supersonic
• Hypersonic

By Alignment Type

• Horizontal
• Vertical

By Application Type

• Aerospace & Defense
• Transportation
• Racing Championship
• Building Construction & Wind Energy
• Adventure Sports Skydiving
• Training & Simulation

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)

Click Here, to know the market segmentation details.

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 to sales@stratviewresearch.com.