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Wind Tunnel Market

Wind Tunnel Market

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Raksha Sharma

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Rucha Phatak

The global wind tunnel market size was USD 2.85 Billion in 2022 and is expected to reach USD 3.30 Billion by 2031, expanding at a CAGR of 2.5% during the forecaast period, 2023–2031. Increasing demand for wind tunnels in the aerospace industry is likely to boost the market.

A wind tunnel is a specialized device used for testing the aerodynamic properties of objects such as airplanes, cars, or buildings. It works by generating a controlled flow of air or other gases around the object, which allows researchers to observe and measure the forces acting on it under various conditions such as changes in wind speed, direction, and turbulence.

Wind Tunnel Market Outlook

Wind tunnels are of different sizes and shapes, and can operate at various speeds and pressures. Some wind tunnels are small enough to fit on a laboratory bench, while others can be several stories tall and are able to test full-size aircraft models. They are typically equipped with sensors and instruments that measure air pressure, temperature, velocity, and other parameters, and these measurements are used to analyze the object’s aerodynamic performance and optimize its design.

Wind tunnels are an important tool in the designing and development of many modern vehicles, structures, and devices that need to be able to perform efficiently in different environmental conditions.

The market report finds that the COVID-19 pandemic restrains the wind tunnel market. Countries such as Italy, Germany, the UK, the US, and China were badly affected by the coronavirus, which declined the demand for equipment and machinery.

Wind Tunnel Market Dynamics

Wind Tunnel Market Dynamics

Major Drivers

Increasing demand for wind tunnels in the aerospace & defense industry is anticipated to drive the market. Wind tunnels are used for testing aircraft that are generally bare in critical climatic conditions. However, increasing demand for unmanned aerial vehicles (UAVs) from the military and commercial sectors and the launch of new generations of high-speed missiles, aircraft, and railways are projected to boost the market during the forecast period.

Additionally, increase in the usage of wind tunnels for the installation of wind energy and a rise in the demand for wind tunnels from the construction sector is expected to fuel the market.

Restraints

High cost of wind tunnels for installation and maintenance is expected to restrain the market. Moreover, increasing usage of CFD software testing and restriction imposed in several racing championships by the Fédération Internationale de l'Automobile (FIA) are anticipated to hamper the market.

Opportunities

Increasing developments in adventure sports and military training is expected to create lucrative opportunities for the market players. However, increasing investments in autonomous vehicles is anticipated to create lucrative opportunities in the market.

Scope of Wind Tunnel Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Wind Tunnel Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Horizontal and Vertical), Application (Racing Championship, Transportation, Adventure Sports Skydiving, Aerospace & Defense, Building Construction & Wind Energy, and Training & Stimulation), Solution (Products and Services), and Airspeed (Transonic, Hypersonic, Subsonic, and Supersonic)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

SICE; Pininfarina; PCB Piezotronics, Inc.; OSRAM GmbH; Mitsubishi Electric Corporation; MDPI; Lockheed Martin Corporation; General Electric; ESC Spectrum; DNW; Deutsche WindGuard GmbH; DALLARA; CODEL International LTD; Calspan; Boeing; Atlas Obscura; Altair Engineering Inc; Agidens International NV; Aerolab; and Advantech Co., Ltd.

Wind Tunnel Market Segment Insights

Type Segment Analysis

Based on type, the wind tunnel market is divided into horizontal and vertical. The horizontal segment is expected to expand at a significant pace during the projection period. Horizontal wind tunnels are used in testing vehicles, oil & gas applications, aircraft, parachute, and civil construction structures and thus, they are available in different capacities and volumes.

Wind Tunnel Market Type

Application Segment Analysis

On the basis of application, the global market is segregated into racing championship, transportation, adventure sports skydiving, aerospace & defense, building construction & wind energy, and training & stimulation. The aerospace & defense segment is projected to register a considerable CAGR during the forecast period, due to the increasing usage of wind tunnels for testing aircraft and these are generally used to expose critical climatic conditions.

Wind Tunnel Market Application

Solution Segment Analysis 

In terms of solution, the wind tunnel market is segmented into products and services. The service segment is expected to register a robust growth rate during the forecast period, due to the moderate operation & maintenance expenses of wind tunnels and the easy availability of technology to carry out the installation and maintenance.

Airspeed Segment Analysis

Based on airspeed, the global market is divided into transonic, hypersonic, subsonic, and supersonic. The subsonic segment is anticipated to expand at a significant pace during the forecast period, due to the increasing demand for commercial aircraft and automotive testing services. The subsonic wind tunnel is used for operations at a very low Mach number.

Regional Analysis

In terms of region, the global wind tunnel market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the enormously investments made to develop innovative aircraft for commercial and defense applications and advancements of electric automotive vehicles.

China has significantly increased its investment for the development of advanced systems in the aerospace & defense and automotive industries, which in turn, is projected to increase the demand for wind tunnels in the region. However, emerging countries such as India, Japan, and South Korea are also investing in the development of the railway, marine, and automotive industries.

Wind Tunnel Market Region

Segments

The global wind tunnel market has been segmented on the basis of

Type

  • Horizontal
  • Vertical

Application

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

Solution

  • Products
  • Services

Airspeed

  • Transonic
  • Hypersonic
  • Subsonic
  • Supersonic

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • SICE
  • Pininfarina
  • PCB Piezotronics, Inc.
  • OSRAM GmbH
  • Mitsubishi Electric Corporation
  • MDPI
  • Lockheed Martin Corporation
  • General Electric
  • ESC Spectrum
  • DNW
  • Deutsche WindGuard GmbH
  • DALLARA
  • CODEL International LTD
  • Calspan
  • Boeing
  • Atlas Obscura
  • Altair Engineering Inc
  • Agidens International NV
  • Aerolab
  • Advantech Co., Ltd.

Competitive Landscape

Key players competing in the global wind tunnel market are SICE; Pininfarina; PCB Piezotronics, Inc.; OSRAM GmbH; Mitsubishi Electric Corporation; MDPI; Lockheed Martin Corporation; General Electric; ESC Spectrum; DNW; Deutsche WindGuard GmbH; DALLARA; CODEL International LTD; Calspan; Boeing; Atlas Obscura; Altair Engineering Inc; Agidens International NV; Aerolab; and Advantech Co., Ltd.

These players adopt various strategies including mergers, collaboration, production expansion, partnerships, product launches, and acquisitions to increase their consumer base globally.

  • In April 2021, Calspan acquired ACEnT Laboratories, a provider of specialized expertise and high-quality ground and flight-testing systems. The acquisition is focused on enhancing hypersonic and clean energy technologies.
  • In May 2021, Altair Engineering Inc, partnered with the Aston Martin Cognizant Formula One Team, which is the world’s most prestigious motorsports series. The Aston Martin engineers are using the Altair Grid engine to enhance its workload scheduling and management solution.

Wind Tunnel Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Tunnel Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wind Tunnel Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wind Tunnel Market - Supply Chain
  4.5. Global Wind Tunnel Market Forecast
     4.5.1. Wind Tunnel Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wind Tunnel Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Wind Tunnel Market Absolute $ Opportunity
5. Global Wind Tunnel Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Wind Tunnel Market Size and Volume Forecast by Types
     5.3.1. Horizontal
     5.3.2. Vertical
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wind Tunnel Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Wind Tunnel Market Size and Volume Forecast by Applications
     6.3.1. Racing Championship
     6.3.2. Transportation
     6.3.3. Adventure Sports Skydiving
     6.3.4. Aerospace & Defense
     6.3.5. Building Construction & Wind Energy
     6.3.6. Training & Stimulation
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Wind Tunnel Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Wind Tunnel Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Wind Tunnel Demand Share Forecast, 2019-2026
8. North America Wind Tunnel Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Wind Tunnel Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Wind Tunnel Market Size and Volume Forecast by Types
     8.4.1. Horizontal
     8.4.2. Vertical
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Wind Tunnel Market Size and Volume Forecast by Applications
     8.7.1. Racing Championship
     8.7.2. Transportation
     8.7.3. Adventure Sports Skydiving
     8.7.4. Aerospace & Defense
     8.7.5. Building Construction & Wind Energy
     8.7.6. Training & Stimulation
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Wind Tunnel Demand Share Forecast, 2019-2026
9. Latin America Wind Tunnel Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Wind Tunnel Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Wind Tunnel Market Size and Volume Forecast by Types
     9.4.1. Horizontal
     9.4.2. Vertical
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Wind Tunnel Market Size and Volume Forecast by Applications
     9.7.1. Racing Championship
     9.7.2. Transportation
     9.7.3. Adventure Sports Skydiving
     9.7.4. Aerospace & Defense
     9.7.5. Building Construction & Wind Energy
     9.7.6. Training & Stimulation
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Wind Tunnel Demand Share Forecast, 2019-2026
10. Europe Wind Tunnel Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Wind Tunnel Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Wind Tunnel Market Size and Volume Forecast by Types
     10.4.1. Horizontal
     10.4.2. Vertical
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Wind Tunnel Market Size and Volume Forecast by Applications
     10.7.1. Racing Championship
     10.7.2. Transportation
     10.7.3. Adventure Sports Skydiving
     10.7.4. Aerospace & Defense
     10.7.5. Building Construction & Wind Energy
     10.7.6. Training & Stimulation
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Wind Tunnel Demand Share Forecast, 2019-2026
11. Asia Pacific Wind Tunnel Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Wind Tunnel Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Wind Tunnel Market Size and Volume Forecast by Types
     11.4.1. Horizontal
     11.4.2. Vertical
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Wind Tunnel Market Size and Volume Forecast by Applications
     11.7.1. Racing Championship
     11.7.2. Transportation
     11.7.3. Adventure Sports Skydiving
     11.7.4. Aerospace & Defense
     11.7.5. Building Construction & Wind Energy
     11.7.6. Training & Stimulation
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Wind Tunnel Demand Share Forecast, 2019-2026
12. Middle East & Africa Wind Tunnel Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Wind Tunnel Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Wind Tunnel Market Size and Volume Forecast by Types
     12.4.1. Horizontal
     12.4.2. Vertical
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Wind Tunnel Market Size and Volume Forecast by Applications
     12.7.1. Racing Championship
     12.7.2. Transportation
     12.7.3. Adventure Sports Skydiving
     12.7.4. Aerospace & Defense
     12.7.5. Building Construction & Wind Energy
     12.7.6. Training & Stimulation
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Wind Tunnel Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Wind Tunnel Market: Market Share Analysis
  13.2. Wind Tunnel Distributors and Customers
  13.3. Wind Tunnel Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. SICE
     13.4.2. Pininfarina
     13.4.3. PCB Piezotronics, Inc.
     13.4.4. OSRAM GmbH
     13.4.5. Mitsubishi Electric Corporation
     13.4.6. MDPI
     13.4.7. Lockheed Martin Corporation
     13.4.8. General Electric
     13.4.9. ESC Spectrum
     13.4.10. DNW
     13.4.11. Deutsche WindGuard GmbH
     13.4.12. DALLARA
     13.4.13. CODEL International LTD
     13.4.14. Calspan
     13.4.15. Boeing
     13.4.16. Atlas Obscura
     13.4.17. Altair Engineering Inc
     13.4.18. Agidens International NV
     13.4.19. Aerolab
     13.4.20. Advantech Co., Ltd.

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