Wind Tunnel Market size will grow at a CAGR of 3.2% during 2020-2025, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Wind Tunnel Market scenarios and has also estimated the Wind Tunnel Market size to grow at a CAGR of 3.2% by 2020-2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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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.

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https://www.stratviewresearch.com/624/wind-tunnel-market.html

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.

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.

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.

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.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/624/wind-tunnel-market.html

Highlights of the Report:
As per Stratview Research, 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.

The report also throws light on the Wind Tunnel market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Some of the key players mentioned 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.
The wind tunnel market analysis report discusses the following heads in great detail:
• 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

Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

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This release was published on openPR.