Wind Tunnel Market is grow at a CAGR of 4.6% during 2021-2031 | Aerolab (U.S.), Aiolos (Canada), Boeing (U.S.), ETW GmbH (Germany)

The global wind tunnel market was valued at US$ 2.7 billion in 2021 and it is anticipated to grow up to US$ 4.2 billion by 2031, at a CAGR of 4.6% during the forecast period.

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Wind tunnels are enormous air-filled tubes that are used to simulate the interaction of air with an object flying through the air or moving along the ground. Wind tunnels are used by researchers to understand more about how an aircraft will fly. Wind tunnels are used by NASA to test scale models of aircraft and spacecraft. Some wind tunnels are large enough to house full-scale vehicle replicas. The wind tunnel moves air around an object to make it appear to be flying. Wind tunnels evolved alongside the development of the airplane. During WWII, large wind tunnels were constructed. During the Cold War, wind tunnel testing was regarded as critical to the development of supersonic aircraft and weapons.

Market Drivers and Trends

Rising demand for wind tunnels in aerospace and military is projected to have a long-term impact on the industry. As these aircrafts are typically bare in severe weather, wind tunnels are frequently utilized for testing aircraft in the aerospace and defense application market. This, in turn, is predicted to increase the growth of the wind tunnel market between 2022 and 2031.

Furthermore, rising demand for unmanned aerial vehicles (UAVs) from the military and commercial sectors, as well as the construction of next generation high-speed aircraft, missiles, and railways, are likely to drive the global wind tunnel market forward.

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Market Restraints and Challenges

One of the negative elements limiting market growth is the high cost of wind tunnel installation and maintenance. Another hurdle that could stymie the global wind tunnel market's growth is the usage of computational fluid dynamics (CFD) testing as a replacement for wind tunnel testing which is cheaper and quicker. While CFD may resolve turbulence, it does so in an abstract manner, whereas wind tunnels can directly resolve unstable gusts and eddies. As a result, CFD study often focuses on average hourly or 10-minute wind speeds rather than peak gust circumstances. These are the key restraints for the wind tunnel market.

Major Players in the Global Wind Tunnel Market

The key players studied in the global wind tunnel market are as Aerolab (U.S.), Aiolos (Canada), Boeing(U.S.), ETW GmbH(Germany), Horiba Ltd(Japan), Lockheed Martin Corporation(U.S.), Mahle GmbH(Germany), Mitsubishi Heavy Industries, Ltd(Japan), Rail Tec Arsenal(Europe), and RUAG(Switzerland).

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COVID-19 Impact

The COVID-19 pandemic had halted manufacturing of a variety of items in the wind tunnel business, owing mostly to the protracted lockdown in key global countries. This has slowed the growth of the wind tunnel market dramatically in recent months, and it is expected to continue in 2020. The Wind COVID-19 has already had an impact on equipment and machinery sales in the first quarter of 2020, and it is expected to have a negative influence on market growth throughout the year. The significant demand for equipment and machinery has previously been observed from huge industrial countries such as the United States, Germany, Italy, the United Kingdom, and China, which has been severely impacted by the spread of coronavirus, consequently halting demand for equipment and machinery.

However, once the situation has normalized, the global wind tunnel market is predicted to increase significantly.

Global Wind Tunnel Market Segmentation

By Alignment

Horizontal
Vertical

By Airspeed Type

Supersonic
Subsonic
Hypersonic
Transonic

By Application

Aerospace & Defense
Adventure Sports
Automotive
Transportation

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This release was published on openPR.