Categories: Market Research

Wind Tunnel Market Growth Outlook Through 2024-2033

Overview and Scope
A wind tunnel is a device used to examine how movement through air or resistance to moving air affects models of airplanes and other devices and objects.

Sizing and Forecast
The wind tunnel market size has grown steadily in recent years. It will grow from $2.78 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to innovation in fluid dynamics, academic and research institutions, historical government initiatives, renewable energy development, meteorology and climate studies..

The wind tunnel market size is expected to see steady growth in the next few years. It will grow to $3.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to rising demand in renewable energy, aerospace innovation, urban infrastructure development, automotive industry evolution, advancements in materials science.. Major trends in the forecast period include increased energy efficiency testing, adoption of advanced computational fluid dynamics (cfd), multi-use wind tunnels, urban wind studies, renewable energy testing..

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Segmentation & Regional Insights
The wind tunnel market covered in this report is segmented –

1) By Solution: Products, Services
2) By AirSpeed: Subsonic, Transonic, Supersonic, Hypersonic
3) By Alignment: Vertical, Horizontal
4) By Application: Aerospace And Defense, Transportation, Racing Championship, Building Construction And Wind Energy, Adventure Sports Skydiving, Training And Simulation

North America was the largest region in the wind tunnel market in 2023. The regions covered in the wind tunnel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increase in demand for UAVs is driving the wind tunnel market. Unmanned aerial vehicles are airplanes without a human pilot, flight crew, or passengers (UAV). The increase in automation in various industries has led to an increase in demand for UAVs. The engineers use the wind tunnel to improve UAV’s design and pinpoint places where the lift: drag ratio can be increased. For instance, in July 2023, according to a report by the Federal Aviation Administration (FAA), a US-based transportation agency, the number of active commercial unmanned aerial systems registrations in the USA were 412,342 in 2023. Further, there were around 607,177 active fleet of recreational drones in 2021. As a result, the rise in demand for UAVs will propel the wind tunnel market.

Key Industry Players

Major companies operating in the wind tunnel market report are Boeing Company, Lockheed Martin Corporation, DNW Aero, Mitsubishi Heavy Industries, HORIBA Ltd., Aerolab LLC., PCB Piezotronics Inc., Aiolos Engineering Corporation, Altair Engineering Inc., Atlas Obscura, BMT Group Ltd., Calspan Corporation, Dallara Group S.r.l., Deutsche WindGuard GmbH, Martin Corporation, Pininfarina S.p.A., A2 Wind Tunnel Limited, AeroDyn Wind Tunnel, Airbus S.A.S., Auto Research Centre (ARC) Limited, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rolls-Royce Holdings PLC, RUAG Group, Siemens AG, Turkish Aerospace Industries Inc., Wärtsilä Corporation, Saab Group, Embraer S.A., General Dynamics Corporation, Safran SA, Thales Group, Honeywell International Inc., Moog Inc. .

The wind tunnel market report table of contents includes:

1. Executive Summary

2. Wind Tunnel Market Characteristics

3. Wind Tunnel Market Trends And Strategies

4. Wind Tunnel Market – Macro Economic Scenario

5. Global Wind Tunnel Market Size and Growth

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31. Global Wind Tunnel Market Competitive Benchmarking

32. Global Wind Tunnel Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Wind Tunnel Market

34. Wind Tunnel Market Future Outlook and Potential Analysis

35. Appendix