DUBLIN--(BUSINESS WIRE)--The "Wind Tunnel Market by Solution (Products, Services), Alignment (Horizontal, Vertical), Application (Aerospace & Defense, Transportation, Racing Championship, Construction, Adventure Skydiving, Simulation), Air Speed & Region-Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The wind tunnel market is estimated to be USD 2.61 billion in 2018 and is projected to reach USD 2.88 billion by 2023, at a CAGR of 2.01% between 2018 and 2023.
The growth of the wind tunnel market can be attributed to the increased demand for UAVs from the commercial and military sectors, development of new generation high-speed aircraft, railways, and missiles, and increased investments for the development of autonomous electric vehicles across the globe. The increasing use of wind tunnels in the construction sector and wind energy installations is also leading to the growth of the wind tunnel market across the globe.
The aerospace & defense segment expected to lead the wind tunnel market during the forecast period. The growth of the aerospace & defense application segment of the wind tunnel market can be attributed to the increased use of wind tunnels for testing aircraft used for aerospace & defense application as these aircraft are generally exposed to critical climatic conditions.
Europe is expected to lead the wind tunnel market during the forecast period. The growth of the Europe wind tunnel market can be attributed to increased investments in R&D activities for the development of new and advanced systems for the aerospace sector, which, in turn, leads to their testing using wind tunnels. Moreover, the key automobile manufacturers have their design centers located in the European region, which further leads to the increased use of wind tunnels for testing new automobiles designed.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Wind Tunnel Market, By Solution
8 Wind Tunnel Market, By Airspeed
9 Wind Tunnel Market, By Alignment
10 Wind Tunnel Market, By Application
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- Lockheed Martin
- Forschungsinstitut Fr Kraftfahrwesen Und Fahrzeugmotoren Stuttgart (FKFS)
- Mitsubishi Heavy Industries
- Rail Tec Arsenal (RTA)
- Centre Scientifique ET Technique Du Btiment (CSTB)
- Auto Research Center (ARC)
- Ruag Group
- European Transonic Windtunnel (ETW)
- Aerodyn Wind Tunnel
- Force Technology
- Windtech Consultants
- Tunnel Technologies
- Storojirna Litvinov
- Eagle Engineering Corporation
- Aerodium Technologies
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