Wind Tunnel Market by Type (Horizontal and Vertical), Application (Racing Championship, Transportation, Adventure Sports Skydiving, Aerospace & Defense, Building Construction & Wind Energy, and Training & Stimulation), Solution (Products and Services), Airspeed (Transonic, Hypersonic, Subsonic, and Supersonic), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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 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
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.
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.
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.
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.