Press release
Surge In Uav Demand Drives Growth In The Wind Tunnel Market: Strengthening the Growth Trajectory of the Wind Tunnel Market
Wind Tunnel Market
What Is the Expected CAGR for the Wind Tunnel Market Through 2025?
The wind tunnel market size has grown steadily in recent years. It will grow from $2.86 billion in 2024 to $2.95 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to innovation in fluid dynamics, academic and research institutions, historical government initiatives, renewable energy development, meteorology and climate studies.
What's the Projected Size of the Global Wind Tunnel Market by 2029?
The wind tunnel market size is expected to see steady growth in the next few years. It will grow to $3.53 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising demand in renewable energy, aerospace innovation, urban infrastructure development, automotive industry evolution, advancements in materials science. Major trends in the forecast period include increased energy efficiency testing, adoption of advanced computational fluid dynamics (cfd), multi-use wind tunnels, urban wind studies, renewable energy testing.
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Top Growth Drivers in the Wind Tunnel Industry: What's Accelerating the 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.
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What Trends Will Shape the Wind Tunnel Market Through 2029 and Beyond?
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.
What Are the Main Segments in the Wind Tunnel Market?
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
Subsegments:
1) By Products: Wind Tunnel Systems, Control Systems, Data Acquisition Systems, Testing Accessories
2) By Services: Testing Services, Maintenance And Support Services, Consultation And Design Services, Calibration Services
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Which Top Companies are Driving Growth in the Wind Tunnel Market?
Major companies operating in the wind tunnel market include Boeing Company, Lockheed Martin Corporation, DNW Aero, Mitsubishi Heavy Industries, HORIBA Ltd., Aerolab LLC., PCB Piezotronics Inc., Aiolos Engineering Corporation, Altair Engineering Inc., BMT Group Ltd., Calspan Corporation, Dallara Group S.r.l., Deutsche WindGuard GmbH, 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., Saab Group, Embraer S.A., General Dynamics Corporation, Safran SA, Thales Group, Honeywell International Inc., Moog Inc.
Which Regions Will Dominate the Wind Tunnel Market Through 2029?
North America was the largest region in the wind tunnel market in 2024. The regions covered in the wind tunnel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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