Wind Tunnel Market Analysis (COVID-19 Analysis) - Industry Insights, Drivers, Top Trends, Global Analysis, Forecast and Opportunities to 2028

According to our latest market study on "Wind Tunnel Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Solution, Alignment, Airspeed Type, and Application," the market is projected to reach US$ 3,784.56 million by 2028 from US$ 2,706.26 million in 2021. It is expected to grow at a CAGR of 4.9% from 2021 to 2028.

Electric cars play an increasingly important role in aerodynamics compared to ICE-based vehicles, as maximum energy used to accelerate or drive uphill can be recovered through energy recuperation. Electric passenger cars with floor batteries are designed with an empty front boot, optimized to capture wind energy and generate electricity. To address the energy recuperation requirements, automotive engineers perform an aerodynamic analysis of an electric passenger car using wind tunnels placed at the front. The initial aerodynamic analysis of a basic electric car model is based on the simulation created using wind tunnels and aerodynamic add-on-devices, such as sensors.

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Wind Tunnel Market - Company Profiles

Aerolab
Aiolos
Boeing
ETW GmbH
Horiba Ltd
Lockheed Martin Corporation
Mahle GmbH
Mitsubishi Heavy Industries, Ltd
Rail Tec Arsenal
RUAG

The latest research report on the "Wind Tunnel Market - Industry Analysis, Market Size, Opportunities and Forecast, 2022 - 2028" provides a comprehensive assessment of the Wind Tunnel market for the forecast period from 2022 to 2028. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Wind Tunnel market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Wind Tunnel Market in order to help decision makers with various strategic insights and future outlook. The Wind Tunnel market is expected to witness continued growth during the forecast period from 2022 to 2028.

This is a professional and in-depth study on the current state of the Wind Tunnel Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Wind Tunnel Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Wind Tunnel Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

The report segments the global Wind Tunnel Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Wind Tunnel Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report focuses on global major leading Wind Tunnel Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

The rising concerns regarding the negative impact of the transportation sector on the environment and the shift in consumer inclination toward zero-emission vehicles led to a significant surge in the adoption of light-duty electric passenger vehicles in economies, such as the US, China, and the European countries (UK, Germany, and Russia). In 2021, the sales of electric vehicles surged by ~160% in these countries. China has the largest fleet of electric vehicles, with 4.5 million electric cars. The adoption of EVs has been the fastest in Europe, reaching 3.2 million electric passenger vehicles in 2021. Further, the demand for electric vehicles is driven by massive investments made by automotive giants in the research and development of electric vehicles. General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi had confirmed the plan to invest ~US$ 150 billion collectively in manufacturing electric vehicles and launch new models during 2020-2021. The rapid adoption of electric vehicles worldwide is offering vast growth opportunities to wind tunnel market players due to their significance in EV design and production.

Based on solution, the wind tunnel market is segmented into products and services. In 2021, the services segment accounted for a larger market share between the two. On the basis of alignment, the wind tunnel market is segmented into horizontal and vertical. The horizontal segment dominated the market in 2021. Based on airspeed type, the wind tunnel market is segmented into subsonic, supersonic, transonic, and hypersonic. In 2021, the subsonic segment emerged as the market leader.

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Reasons to Buy
• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global Wind Tunnel market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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