The Future of Wind Tunnel Market in the forecast period (2020-2025) as predicted by Stratview Research

The report on Wind Tunnel to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025

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Wind Tunnel Market Snapshot
Growth 3.2% for the next five years
Major Solution Type Services
Major Airspeed Type Subsonic
Dominant Alignment Type Horizontal
Dominant Application Type Aerospace & Defense
Region with the highest demand Asia-Pacific
Key Players Auto Research Center (ARC), Aerodium Technologies, Boeing Company, Centre Scientifique ET Technique Du Batiment (CSTB), Calspan Corporation, European Transonic Windtunnel (ETW), Forschungsinstitut Fur Kraftfahrwesen Und Fahrzeugmotoren Stuttgart (FKFS), Lockheed Martin, Mitsubishi Heavy Industries, and Ruag Group.

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Solution Type Segment
Based on the solution type, the market is segmented as services and products. The services segment led the market in 2018, and is expected to remain dominant during the forecast period. The growth of this segment is owing to the abated Operation & Maintenance (O&M) expenses of wind tunnels and easy obtainability of technical knowhow to carry out their installation and maintenance.

Airspeed Type Segment
Based on the airspeed type, the market is segmented as subsonic, transonic, supersonic, and hypersonic. The subsonic segment remained dominant in 2018, and is expected to lead the market during the forecast period. This segment is primarily propelled by the demand for commercial aircraft and automotive testing services. Subsonic wind tunnels are also employed in racing championship aerodynamic testing.

Alignment Type Segment
Based on the alignment type, the market is segmented as horizontal and vertical. The horizontal segment led the market in 2018, and is estimated to govern the market in the coming five years. Horizontal wind tunnels comprise aeroacoustics, aerodynamic, and climatic wind tunnels employed in different industries, such as aerospace & defense, racing championship, transportation, and building construction & wind energy.

Application Type Segment
Based on the application type, the market is segmented as aerospace & defense, transportation, racing championship, building construction & wind energy, adventure sports skydiving, and training & simulation. The aerospace & defense application segment commanded the market in 2018, and is expected to continue its dominance during the forecast period. The growth of this segment can be credited to the enhanced use of wind tunnels for testing aircraft used for aerospace & defense application as these aircraft are generally vulnerable to severe environmental conditions.

Region Wise Segment
In terms of regions, the Asia-Pacific’s wind tunnel market is estimated to register the highest growth in the coming five years. Countries such as China, India, Japan, South Korea, Taiwan, and Australia are the growth engines of the region as they are enormously investing in indigenous development programs to engineer different types of new and innovative aircraft for commercial and defense applications, coupled with the advancement of electric automotive vehicles. China has considerably augmented its expenditure for the evolution of new and advanced systems for the aerospace & defense and automotive industries. This, in turn, is anticipated to stimulate the growing demand for wind tunnels and wind tunnel testing services in the region. Further, countries such as Japan, India, and South Korea are also heavily spending for the development of rail, automotive, and marine infrastructures, which demand for wind tunnel testing applications.

Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/624/wind-tunnel-market.html

Highlights of the Report:
Wind tunnel market is likely to witness a healthy CAGR of 3.2% during the forecast period. The growth of this market can be attributed to the progress of innovative generation of supersonic and hypersonic aircraft and missiles across the globe.
Some of the major players in the wind tunnel market are Auto Research Center (ARC), Aerodium Technologies, Boeing Company, Centre Scientifique ET Technique Du Bâtiment (CSTB), Calspan Corporation, European Transonic Windtunnel (ETW), Forschungsinstitut Für Kraftfahrwesen Und Fahrzeugmotoren Stuttgart (FKFS), Lockheed Martin, Mitsubishi Heavy Industries, and Ruag Group.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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This release was published on openPR.