Wind Tunnel Market Structure 2018 Rising Demand with Key Vendors as Aerodyn Wind Tunnel, Aerolab, Aiolos, Auto Research Center (ARC), BMT, Boeing, Centre Scientifique ET Technique Du Bâtiment etc. –by 2026

Market Overview:
Global Wind Tunnel Market is accounted for $2.45 billion in 2017 and is expected to reach $3.56 billion by 2026 growing at a CAGR of 4.2% during the forecast period. Factors such as use of wind tunnels in the construction, increasing investments for electric vehicles and development of new generation high speed aircraft and missiles are the key factors fueling the market growth. However, factors such as restrictions imposed by FIA on wind tunnel testing hours and high costs involved in the installation & maintenance are hindering the market growth.

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Wind tunnel is a tool used in smooth research to study the effects of air affecting past solid substance. It consists of a tubular channel with the object under test mounted in the middle. Air is made to move past the thing by a powerful fan system or other means. In that way a stationary witness could study the flying purpose in action, and could measure the smooth forces being imposed on it. Wind tunnel testing was measured with considered importance during the Cold War increase of supersonic jet and arms.

Top Players:
Some of the key players profiled in the Wind Tunnel include Aerodyn Wind Tunnel, Aerolab, Aiolos, Auto Research Center (ARC), BMT, Boeing, Centre Scientifique ET Technique Du Bâtiment (CSTB), DNW, European Transonic Windtunnel (ETW), Force Technology, Horiba, Lockheed Martin, Mahle, Mitsubishi Heavy Industries, Rail Tec Arsenal (RTA) and Ruag Group.

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Market Segments:
Based on Airspeed, Subsonic segment is expected to have steady growth during the forecast period. This segment is mainly driven by the demand for automotive testing services and commercial aircraft. Subsonic wind tunnels are also used in racing championship aerodynamic testing. By geography, Europe held largest market share due to the increased investments in R&D activities for the development of new and advanced systems for the aerospace sector.

Applications Covered:
• Adventure Sports Skydiving
• Building Construction & Wind Energy
• Racing Championship
• Training & Simulation
• Transportation
• Aerospace & Defense
Airspeeds Covered:
• Hypersonic
• Subsonic
• Supersonic
• Transonic
Solutions Covered:
• Software
• Products
• Services
Alignments Covered:
• Vertical
• Horizontal

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This release was published on openPR.