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Wind Tunnel Global Market Report 2024 - By Size, Share, Trends, Growth And Industry Demand, Forecast To 2033
Wind Tunnel Market
As per the report, the wind tunnel market size has grown steadily in recent years. It will grow from $2.78 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The wind tunnel market size is expected to see steady growth in the next few years. It will grow to $3.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%.
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Surge In Uav Demand Drives Growth In The Wind Tunnel Market
The increase in demand for UAVs is driving the wind tunnel market. Unmanned aerial vehicles are airplanes without a human pilot, flight crew, or passengers (UAV). The increase in automation in various industries has led to an increase in demand for UAVs. The engineers use the wind tunnel to improve UAV's design and pinpoint places where the lift: drag ratio can be increased. For instance, in July 2023, according to a report by the Federal Aviation Administration (FAA), a US-based transportation agency, the number of active commercial unmanned aerial systems registrations in the USA were 412,342 in 2023. Further, there were around 607,177 active fleet of recreational drones in 2021. As a result, the rise in demand for UAVs will propel the wind tunnel market.
Revolutionizing Microclimate Modeling In Wind Tunnel Analysis
Technological advancement is a key trend in the wind tunnel market. Major companies in the wind tunnel market are developing technologically advanced solutions to sustain in the market. For instance, in April 2023, SimScale, a Germnay-based provider of computer-aided engineering software, launched Nuada.CFD app, a digital wind tunnel app. It is a microclimate modeling app that enables architects and engineers to perform comprehensive microclimate and wind comfort analyses directly within the Rhino CAD environment. It leverages the power of SimScale's lattice Boltzmann method (LBM) solver Pacefish to deliver fast and accurate transient wind simulations, enabling users to assess the impact of wind flow around buildings and urban structures.
The wind tunnel market covered in this report is segmented -
1) By Solution: Products, Services
2) By AirSpeed: Subsonic, Transonic, Supersonic, Hypersonic
3) By Alignment: Vertical, Horizontal
4) By Application: Aerospace And Defense, Transportation, Racing Championship, Building Construction And Wind Energy, Adventure Sports Skydiving, Training And Simulation
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Major companies operating in the wind tunnel market report are Boeing Company, Lockheed Martin Corporation, DNW Aero, Mitsubishi Heavy Industries, HORIBA Ltd., Aerolab LLC., PCB Piezotronics Inc., Aiolos Engineering Corporation, Altair Engineering Inc., Atlas Obscura, BMT Group Ltd., Calspan Corporation, Dallara Group S.r.l., Deutsche WindGuard GmbH, Martin Corporation, Pininfarina S.p.A., A2 Wind Tunnel Limited, AeroDyn Wind Tunnel, Airbus S.A.S., Auto Research Centre (ARC) Limited, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rolls-Royce Holdings plc, RUAG Group, Siemens AG, Turkish Aerospace Industries Inc., Wärtsilä Corporation, Saab Group, Embraer S.A., General Dynamics Corporation, Safran SA, Thales Group, Honeywell International Inc., Moog Inc. .
Contents of the report:
1. Executive Summary
2. Wind Tunnel Market Report Structure
3. Wind Tunnel Market Trends And Strategies
4. Wind Tunnel Market - Macro Economic Scenario
5. Wind Tunnel Market Size And Growth
…..
27. Wind Tunnel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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