Scope of the Study
Growing expenditure in the aerospace industry will help to boost global wind tunnel market. Wind tunnels are huge tubes with air moving inside. Additionally, Wind tunnel is a tube used in smooth research to study the properties of air affecting past solid substance. There are five parts of the wind tunnel including the settling chamber, the contraction cone, the test section, the diffuser, and the drive section.
The market study is being classified, by Application (Aerospace & Defense, Transportation, Racing Championship, Building Construction & Wind Energy, Adventure Sports Skydiving and Training & Simulation) and major geographies with country level break-up. According to AMA, the Global Wind Tunnel market is expected to see growth rate of 2.01%
NASA (United States), Boeing (United States), Lockheed Martin (United States), FKFS (Germany), DNW (Netherlands), RTA (Austria), ETW (Europe), CSTB (France), Mitsubishi Heavy Industries (Japan) and Horiba (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are BMT (UK), FORCE Technology (Denmark), Aerodyn (United States), Aerolab (United States), Aiolos (Canada), Foran (Brazil) and Skyventure (Canada).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Wind Tunnel market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Wind Tunnel market by Type, Application and Region.
On the basis of geography, the market of Wind Tunnel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Airspeed, the sub-segment i.e. Subsonic will boost the Wind Tunnel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Alignment, the sub-segment i.e. Horizontal will boost the Wind Tunnel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Product will boost the Wind Tunnel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Investment in Electrical Vehicles
- Increased Adoption of Methods to Reduce Vehicle Pollution and Fuel Consumption Level
- High Adoption of New Generation High Speed Aircraft and Missiles
- Rising Popularity of UAVs around the World
- Rising Concern about FIA on wind tunnel testing hours
- High Installation and Maintenance Price
- Replacement of Wind Tunnel Testing With Computational Fluid Dynamics (CFD) Testing
- Huge Demand due to Adventure Sports and Military Training
- Use of Wind Tunnels in the Construction and Wind Energy Industries
- Growing Concern With Correct Measurement of Airflow and Accurate Calibration of Sensors
Market Leaders and their expansionary development strategies
On 9th October 2018, Boeing has acquired KLX Aerospace Solutions to enhance its growing services business and deliver greater value to its customers. The acquisition positions Boeing to compete and win in the 2.8 trillion dollars, 10-year aerospace services market.
On 1st August 2018, Boeing has announced plans to open the new Boeing Aerospace & Autonomy Center in Cambridge, Mass., becoming the first major tenant of the Massachusetts Institute of Technology's (MIT) new mixed-use district in Kendall Square.
Key Target AudienceManufacturers of Wind Tunnels, Aerospace Component Manufacturers, Automobile Manufacturers, Racing Championship Teams, Aviation Research Institutes and Universities, Skydiving Institutes, Computational Fluid Dynamics Software Providers, Sub-component Manufacturers, Original Equipment Manufacturers, Component Suppliers and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase