Wind Tunnel Market – Industry Analysis and Forecast (2016-2024)
Wind Tunnel Market was valued at 2.51 billion in 2016, exhibiting a CAGR of 2.02 % during 2016-2024
Wind Tunnel Market is used for aerodynamic testing of vehicles before its production for refining numerous features of the vehicle. Wind Tunnel Market is of two types: aerospace wind tunnel and automotive wind tunnel. Automotive wind tunnels are used for the aerodynamic testing of various passenger and commercial vehicles such as cars, trucks, and motorcycles. Automotive wind tunnel has different types of usage, such as aerodynamic wind tunnels used for aerodynamic testing of vehicles, climatic wind tunnel used for checking the performance of vehicles under changing climatic conditions, and an aeroacoustic wind tunnel for testing of the aerodynamic noise of vehicles at high speed.
Aerospace & defense segment expected to lead wind tunnel market through the forecast period. The growth of the aerospace & defense application segment of wind tunnel market can be further credited to the enlarged use of wind tunnels for testing aircraft used for aerospace & defense application as these aircraft are mostly bare to critical climatic conditions.
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Healthy growth in passenger car production, as well as increased acceptance of techniques to decrease vehicle pollution and fuel consumption level, is expected to drive the Wind Tunnel Market. However, huge investment required for the high-end manufacturing capabilities act as a restraining factor for the growth of the Wind Tunnel Market. Increase in opportunities from Asia-Pacific (APAC) countries such as India, China, Japan, and Korea may bring new openings for the automotive wind tunnel market in the coming years. Europe is expected to lead the wind tunnel market during the forecast period. The growth of the Europe wind tunnel market growth and dominance can be credited to increased investments in research and development activities for the growth of new and advanced systems in the aerospace sector, which uses wind tunnels for testing.
Wind Tunnel Market2
Key players analysed in the Wind Tunnel Market:
• NASA (US)
• Boeing (US)
• Lockheed Martin (US)
• ETW (Europe)
• CSTB (France)
• FKFS (Germany)
• DNW (Netherlands)
• RTA (Austria)
• Mitsubishi Heavy Industries (Japan)
• Horiba (Japan)
• BMT (UK)
• FORCE Technology (Denmark)
• Aerodyn (US)
• Aerolab (US)
• Aiolos (Canada)
• Foran (Brazil)
• Aerodium Technologies (Latvia)
• Skyventure (Canada)
• AUDI AG (US)
• HORIBA MIRA Ltd. (US)
• Mercedes Benz (US)
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The Scope of the Wind Tunnel Market:
Wind Tunnel Market, By Application
• Aerospace & Defense
• Transportation
• Racing Championship
• Building Construction & Wind Energy
• Adventure Sports Skydiving
• Training & Simulation
Wind Tunnel Market, By Solution
• Products
• Services
Wind Tunnel Market, By Alignment
• Vertical
• Horizontal
Wind Tunnel Market, By Airspeed
• Subsonic
• Transonic
• Supersonic
• Hypersonic
Wind Tunnel Market, By Region
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific
MAJOR TOC OF THE REPORT
Chapter One: Tunnel Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Tunnel Market Competition, by Players
Chapter Four: Global Tunnel Market Size by Regions
Chapter Five: North America Tunnel Revenue by Countries
Chapter Six: Europe Tunnel Revenue by Countries
Chapter Seven: Asia-Pacific Tunnel Revenue by Countries
Chapter Eight: South America Tunnel Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Tunnel by Countries
Chapter Ten: Global Tunnel Market Segment by Type
Chapter Eleven: Global Tunnel Market Segment by Application
Chapter Twelve: Global Tunnel Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Tunnel Market Report at: https://www.maximizemarketresearch.com/market-report/wind-tunnel-market/11042/
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