The wind tunnel market is projected to reach US$ 3,784.56 million by 2028 from US$ 2,706.26 million in 2021. It is expected to grow at a CAGR of 4.9% from 2021 to 2028.
A wind tunnel is composed of large tubes through which air is blown to replicate the interaction between air and a test object moving along the ground or flying through the air. Powerful fans generate and push air through the tube, and the test object is fastened in the tunnel to keep it stationary. The object's size can vary from a small vehicle or its piece to a full-size aircraft or spacecraft. Due to the accuracy and reliability of wind tunnel-based tests, these systems are used in industries such as aerospace and defense, automotive and transportation, and building and construction. In aircraft or spacecraft development, these systems allow engineers and designers to replicate the in-flight conditions affecting the forces and motions of the aircraft. NASA has deployed the highest number of wind tunnels than any other organization, as one of the agency's responsibilities is to improve air transportation.
Additionally, subsonic wind tunnels help engineers improve the design and performance of unmanned aerial vehicles (UAVs). Players in the aerospace market are making swift progress in researching and developing high-tech wind tunnels for drone testing. In January 2022, Tyto Robotics, a Canadian aerospace firm, introduced an innovative wind generator for testing drones, which can be used with climate chambers, rain and snow generators, and water injectors. The extensive use of wind tunnels combined with the computational fluid dynamics (CFD) software for the use in verification and certification of aircraft and spacecraft is creating a huge demand for wind tunnels. Therefore, the gradual growth of the aerospace industry and the rising popularity of UAVs, especially in the defense sector, are the major factors driving the growth of the wind tunnel market.
The building and construction industry generates a huge demand for wind tunnels due to their requirement in structural testing. This testing is performed to determine wind pressures on green buildings, as it allows taking aerodynamic measurements simultaneously at numerous ports through current pressure measurement capabilities. Similarly, in the automotive sector, the electric vehicles industry creates vast opportunities for the growth of the wind tunnel market. The demand for wind tunnel testing solutions is high in China, Europe, and the US, as these regions exhibit an exponential rise in the sales and production of EVs.
The global wind tunnel market is analyzed on the basis of solution, alignment, airspeed type, application, and geography. Based on solution, the market is bifurcated into products and services. Based on alignment, the wind tunnel market is bifurcated into horizontal and vertical. Based on airspeed type, the market is segmented into subsonic, supersonic, transonic, and hypersonic. Based on application, the wind tunnel market is segmented into aerospace and defense, automotive and transportation, building construction and wind energy, training and simulation, adventure sports skydiving, and others. By geography, the wind tunnel market is primarily segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa and Rest of the Middle East & Africa), and South America (Brazil, Argentina, and the Rest of South America).
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Wind Tunnel Market: Strategic Insights
Market Size Value in US$ 2,706.26 Million in 2021 Market Size Value by US$ 3,784.56 Million by 2028 Growth rate CAGR of 4.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Wind Tunnel Market: Strategic Insights
| Market Size Value in | US$ 2,706.26 Million in 2021 |
| Market Size Value by | US$ 3,784.56 Million by 2028 |
| Growth rate | CAGR of 4.9% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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IMPACT OF COVID-19 PANDEMIC ON WIND TUNNEL MARKET
IMPACT OF COVID-19 PANDEMIC ON WIND TUNNEL MARKET
The COVID-19 outbreak had a drastically adverse impact on the world economy during its peak in 2020, and the crisis had a significantly negative impact on the automotive and aerospace industries. Before the COVID–19 outbreak, the wind tunnel market was experiencing substantial growth due to the rising production of aircraft and automobiles; however, the COVID-19 outbreak led to a notable slowdown in the production activities of these industries deploying the wind tunnel market solutions. The various containment measures, such as lockdowns, business shutdown, and trade restrictions, negatively impacted the production and supply chain of the wind tunnel market until the second half of 2020 and during the second large outbreak in 2021.
Lucrative Regions for Wind Tunnel Market
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Market Insights – Wind Tunnel Market
Widespread Adoption in Aircraft Development
Wind tunnels that simulate air movement around an in-flight aircraft are widely used in the aerospace industry. They allow aeronautical engineers to control the conditions affecting the forces and motion of the plane. The engineer can determine and analyze the magnitude of forces on a real full-size aircraft by recreating it on a scaled-down aircraft model. Further, the wind tunnel-based model can also be applied for testing and diagnostics to carry out a comprehensive analysis of the aerodynamics of the aircraft body by determining the air movement around or through the aircraft. The dynamic nature of aeronautic research and more efficient integration with computational fluid dynamics (CFD) software contributes to the widespread use of wind tunnels. Wind tunnels were primarily used to observe and determine the fundamental working of new aircraft designs, but the dominance of tube and wing design in the market has led to extensive verification and certification processes.
The tunnels are designed for specific purposes and are often integrated with sensors and components to generate precise test results. For example, PCB offers a complete dynamic pressure sensor, microphones, and force sensors for wind tunnels. These components for wind tunnels are categorized based on the speed of the wind.
Solution-Based Insights
Based on the solution, the wind tunnel market is bifurcated into services and products. The services segment is expected to continue its dominance during the forecast period. Wind tunnels' reduced operation & maintenance (O&M) costs and the easy availability of technical installation and maintenance drive the segment's growth.
Alignment Type-Based Insights
Based on the alignment type, the wind tunnel market is bifurcated into horizontal and vertical segments. The horizontal segment accounted for a larger market share in 2020 and is expected to continue its dominance for the next five years. Aeroacoustics, aerodynamic, and climatic horizontal wind tunnels are used in various industries, including aerospace and military, racing championships, transportation, building construction, and wind energy. The growing trend of adventure sports, the demand for vertical segment is also anticipated to flourish over the forecast period.
Airspeed Type-based Insights
Based on the airspeed type, the wind tunnel market is segmented into subsonic, transonic, supersonic, and hypersonic. The subsonic segment dominated the wind tunnel market in 2020 and is expected to continue its dominance during the forecast period. The rising demand for commercial aircraft and automotive testing services is the primary factor responsible for the growth of this segment.
Application-Based Insights
Based on application type, the wind tunnel market is segmented into aerospace & defense, automotive and transportation, building construction & wind energy, adventure sports skydiving, and training & simulation. The aerospace and defense application segment accounted for the largest market share in 2020 and is expected to continue its dominance during the forecast period. The increased usage of wind tunnels for testing aircraft used for aerospace and defense applications is a major factor responsible for the segment's growth.
Players operating in the wind tunnel market are mainly focused on developing advanced and efficient products.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solution, Alignment, Airspeed Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Widespread adoption in aircraft development and growing prospectus in constructing green building are the key factors attributed to the growth of wind tunnel market. The wind tunnel-based model is used for testing and diagnostics to carry out a comprehensive analysis of the aerodynamics of the aircraft body by determining the air movement around or through the aircraft. It also helps to understand and determine the fundamental working of new aircraft designs. Testing a structure through a wind tunnel helps determine wind pressures on buildings, as it allows to take aerodynamic measurements simultaneously at numerous ports through current pressure measurement capabilities. Thus, such increasing demand of wind tunnel in aerospace and construction industry is augmenting the market dynamics over the forecast period.
In 2020, UK held the largest market share in the global wind tunnel market followed by Germany. In UK, the demand for electric vehicles (EVs) are increasing continuously which is expected to boost the demand for wind tunnel throughout the forecast period. Almost 22,000 pure electric vehicles were registered in November 2021, which is more than double the 10,345 registered in the same month last year 2020. The growing prospectus in building construction activities is a key factor propelling the growth of wind tunnel market. As per the data published at GOV.UK website, there were around 49,470 completed homes in the first quarter of 2021 and a 4% increase compared to the last 3 months of 2020. Thus, growing demand for EV along with rise in construction industry are the key factors driving the demand for wind tunnel market over the forecast period.
On the basis of application, aerospace and defense segment is the fastest growing segment. The growth of the segment can be attributed to the growing usage of wind tunnels to test airplane and rocket models. Wind tunnels are increasingly being used by research centers and labs for aircraft construction and design. For instance, NASA has more wind tunnels than any other organization. NASA uses wind tunnels to learn more about airplanes and how things flow through the air. It also uses wind tunnels to evaluate ideas for improving and securing airplanes. Thus, associated advantages of wind tunnels in aerospace and defense industry and wide scope application is further propelling the growth of the segment.
In 2020, the horizontal segment accounted for the largest market share. The growth of the segment can be attributed to wide scope application in low-speed aerodynamics, such as the automotive industry, architecture, environment, education, and among other applications. In addition, horizontal wind tunnels are normally made for medium-to large-sized product. Furthermore, it have long been used to verify aerodynamic theories and aid in the design of an airplane, and this has remained their primary application for a long time. These factors are bolstering the demand for horizontal wind tunnels which is further driving the wind tunnel market during the forecast period.
The major players operating in the global wind tunnel market are Aerolab; Aiolos; Boeing; ETW GmbH; Horiba Ltd.; Lockheed Martin Corporation; Mahle GmbH; Mitsubishi Heavy Industries, Ltd.; Rail Tec Arsenal; and RUAG.
In 2020, Europe accounted for the largest share of the global wind tunnel market. The increasing orders and deliveries of commercial aircraft, leads to increase in demand for wind tunnels which is expected to boost market growth throughout the forecast period. The adoption of electric vans grew from 1.4% of total new registrations in 2019 to 2.2% in 2020. Battery electric vehicles accounted for many electric vehicle registrations in 2020 for cars and vans. Thus, with the flourishing automotive industry in European countries, the adoption of wind tunnels will also grow in the region during the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Wind Tunnel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Wind Tunnel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Widespread Adoption in Aircraft Development
5.1.2 Boom in Green Buildings Market
5.2 Market Restraints
5.2.1 High Costs and Operational Issues Associated with Wind Tunnel Tests
5.3 Market Opportunities
5.3.1 Rising Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Cloud-Based Wind Tunnel Simulations
5.5 Impact Analysis of Drivers and Restraints
6. Wind Tunnel Market –Regional Analysis
6.1 Wind Tunnel Market Global Overview
6.2 Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Wind Tunnel Market Analysis – By Solution
7.1 Overview
7.2 Wind Tunnel Market, By Solution (2020 and 2028)
7.3 Products
7.3.1 Overview
7.3.2 Products: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
8. Wind Tunnel Market – By Alignment
8.1 Overview
8.2 Wind Tunnel Market, By Alignment (2020 and 2028)
8.3 Horizontal
8.3.1 Overview
8.3.2 Horizontal: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Vertical
8.4.1 Overview
8.4.2 Vertical: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9. Wind Tunnel Market – By Airspeed Type
9.1 Overview
9.2 Wind Tunnel Market, By Airspeed Type (2020 and 2028)
9.3 Subsonic
9.3.1 Overview
9.3.2 Subsonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Supersonic
9.4.1 Overview
9.4.2 Supersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Transonic
9.5.1 Overview
9.5.2 Transonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Hypersonic
9.6.1 Overview
9.6.2 Hypersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10. Wind Tunnel Market – By Application
10.1 Overview
10.2 Wind Tunnel Market, By Application (2020 and 2028)
10.3 Aerospace and Defense
10.3.1 Overview
10.3.2 Aerospace and Defense: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Automotive and Transportation
10.4.1 Overview
10.4.2 Automotive and Transportation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Building Construction and Wind Energy
10.5.1 Overview
10.5.2 Building Construction and Wind Energy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Training and Simulation
10.6.1 Overview
10.6.2 Training and Simulation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Adventure Sports Skydiving
10.7.1 Overview
10.7.2 Adventure Sports Skydiving: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11. Wind Tunnel Market – Geographic Analysis
11.1 Overview
11.2 North America: Wind Tunnel Market
11.2.1 North America: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Wind Tunnel Market, By Solution
11.2.3 North America: Wind Tunnel Market, By Alignment
11.2.4 North America: Wind Tunnel Market, By Airspeed Type
11.2.5 North America: Wind Tunnel Market, By Application
11.2.6 North America: Wind Tunnel Market, by Key Country
11.2.6.1 US: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Wind Tunnel Market, By Solution
11.2.6.1.2 US: Wind Tunnel Market, By Alignment
11.2.6.1.3 US: Wind Tunnel Market, By Airspeed Type
11.2.6.1.4 US: Wind Tunnel Market, By Application
11.2.6.2 Canada: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Wind Tunnel Market, By Solution
11.2.6.2.2 Canada: Wind Tunnel Market, By Alignment
11.2.6.2.3 Canada: Wind Tunnel Market, By Airspeed Type
11.2.6.2.4 Canada: Wind Tunnel Market, By Application
11.2.6.3 Mexico: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Wind Tunnel Market, By Solution
11.2.6.3.2 Mexico: Wind Tunnel Market, By Alignment
11.2.6.3.3 Mexico: Wind Tunnel Market, By Airspeed Type
11.2.6.3.4 Mexico: Wind Tunnel Market, By Application
11.3 Europe: Wind Tunnel Market
11.3.1 Europe: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Wind Tunnel Market, By Solution
11.3.3 Europe: Wind Tunnel Market, By Alignment
11.3.4 Europe: Wind Tunnel Market, By Airspeed Type
11.3.5 Europe: Wind Tunnel Market, By Application
11.3.6 Europe: Wind Tunnel Market, by Key Country
11.3.6.1 Germany: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Wind Tunnel Market, By Solution
11.3.6.1.2 Germany: Wind Tunnel Market, By Alignment
11.3.6.1.3 Germany: Wind Tunnel Market, By Airspeed Type
11.3.6.1.4 Germany: Wind Tunnel Market, By Application
11.3.6.2 France: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Wind Tunnel Market, By Solution
11.3.6.2.2 France: Wind Tunnel Market, By Alignment
11.3.6.2.3 France: Wind Tunnel Market, By Airspeed Type
11.3.6.2.4 France: Wind Tunnel Market, By Application
11.3.6.3 Italy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Wind Tunnel Market, By Solution
11.3.6.3.2 Italy: Wind Tunnel Market, By Alignment
11.3.6.3.3 Italy: Wind Tunnel Market, By Airspeed Type
11.3.6.3.4 Italy: Wind Tunnel Market, By Application
11.3.6.4 UK: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Wind Tunnel Market, By Solution
11.3.6.4.2 UK: Wind Tunnel Market, By Alignment
11.3.6.4.3 UK: Wind Tunnel Market, By Airspeed Type
11.3.6.4.4 UK: Wind Tunnel Market, By Application
11.3.6.5 Russia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Wind Tunnel Market, By Solution
11.3.6.5.2 Russia: Wind Tunnel Market, By Alignment
11.3.6.5.3 Russia: Wind Tunnel Market, By Airspeed Type
11.3.6.5.4 Russia: Wind Tunnel Market, By Application
11.3.6.6 Rest of Europe: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Wind Tunnel Market, By Solution
11.3.6.6.2 Rest of Europe: Wind Tunnel Market, By Alignment
11.3.6.6.3 Rest of Europe: Wind Tunnel Market, By Airspeed Type
11.3.6.6.4 Rest of Europe: Wind Tunnel Market, By Application
11.4 APAC: Wind Tunnel Market
11.4.1 APAC: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Wind Tunnel Market, By Solution
11.4.3 APAC: Wind Tunnel Market, By Alignment
11.4.4 APAC: Wind Tunnel Market, By Airspeed Type
11.4.5 APAC: Wind Tunnel Market, By Application
11.4.6 APAC: Wind Tunnel Market, by Key Country
11.4.6.1 Australia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Wind Tunnel Market, By Solution
11.4.6.1.2 Australia: Wind Tunnel Market, By Alignment
11.4.6.1.3 Australia: Wind Tunnel Market, By Airspeed Type
11.4.6.1.4 Australia: Wind Tunnel Market, By Application
11.4.6.2 China: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Wind Tunnel Market, By Solution
11.4.6.2.2 China: Wind Tunnel Market, By Alignment
11.4.6.2.3 China: Wind Tunnel Market, By Airspeed Type
11.4.6.2.4 China: Wind Tunnel Market, By Application
11.4.6.3 India: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Wind Tunnel Market, By Solution
11.4.6.3.2 India: Wind Tunnel Market, By Alignment
11.4.6.3.3 India: Wind Tunnel Market, By Airspeed Type
11.4.6.3.4 India: Wind Tunnel Market, By Application
11.4.6.4 Japan: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Wind Tunnel Market, By Solution
11.4.6.4.2 Japan: Wind Tunnel Market, By Alignment
11.4.6.4.3 Japan: Wind Tunnel Market, By Airspeed Type
11.4.6.4.4 Japan: Wind Tunnel Market, By Application
11.4.6.5 South Korea: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Wind Tunnel Market, By Solution
11.4.6.5.2 South Korea: Wind Tunnel Market, By Alignment
11.4.6.5.3 South Korea: Wind Tunnel Market, By Airspeed Type
11.4.6.5.4 South Korea: Wind Tunnel Market, By Application
11.4.6.6 Rest of APAC: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Wind Tunnel Market, By Solution
11.4.6.6.2 Rest of APAC: Wind Tunnel Market, By Alignment
11.4.6.6.3 Rest of APAC: Wind Tunnel Market, By Airspeed Type
11.4.6.6.4 Rest of APAC: Wind Tunnel Market, By Application
11.5 MEA: Wind Tunnel Market
11.5.1 MEA: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Wind Tunnel Market, By Solution
11.5.3 MEA: Wind Tunnel Market, By Alignment
11.5.4 MEA: Wind Tunnel Market, By Airspeed Type
11.5.5 MEA: Wind Tunnel Market, By Application
11.5.6 MEA: Wind Tunnel Market, by Key Country
11.5.6.1 South Africa: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Wind Tunnel Market, By Solution
11.5.6.1.2 South Africa: Wind Tunnel Market, By Alignment
11.5.6.1.3 South Africa: Wind Tunnel Market, By Airspeed Type
11.5.6.1.4 South Africa: Wind Tunnel Market, By Application
11.5.6.2 Saudi Arabia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Wind Tunnel Market, By Solution
11.5.6.2.2 Saudi Arabia: Wind Tunnel Market, By Alignment
11.5.6.2.3 Saudi Arabia: Wind Tunnel Market, By Airspeed Type
11.5.6.2.4 Saudi Arabia: Wind Tunnel Market, By Application
11.5.6.3 UAE: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Wind Tunnel Market, By Solution
11.5.6.3.2 UAE: Wind Tunnel Market, By Alignment
11.5.6.3.3 UAE: Wind Tunnel Market, By Airspeed Type
11.5.6.3.4 UAE: Wind Tunnel Market, By Application
11.5.6.4 Rest of MEA: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Wind Tunnel Market, By Solution
11.5.6.4.2 Rest of MEA: Wind Tunnel Market, By Alignment
11.5.6.4.3 Rest of MEA: Wind Tunnel Market, By Airspeed Type
11.5.6.4.4 Rest of MEA: Wind Tunnel Market, By Application
11.6 SAM: Wind Tunnel Market
11.6.1 SAM: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Wind Tunnel Market, By Solution
11.6.3 SAM: Wind Tunnel Market, By Alignment
11.6.4 SAM: Wind Tunnel Market, By Airspeed Type
11.6.5 SAM: Wind Tunnel Market, By Application
11.6.6 SAM: Wind Tunnel Market, by Key Country
11.6.6.1 Brazil: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Wind Tunnel Market, By Solution
11.6.6.1.2 Brazil: Wind Tunnel Market, By Alignment
11.6.6.1.3 Brazil: Wind Tunnel Market, By Airspeed Type
11.6.6.1.4 Brazil: Wind Tunnel Market, By Application
11.6.6.2 Argentina: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Wind Tunnel Market, By Solution
11.6.6.2.2 Argentina: Wind Tunnel Market, By Alignment
11.6.6.2.3 Argentina: Wind Tunnel Market, By Airspeed Type
11.6.6.2.4 Argentina: Wind Tunnel Market, By Application
11.6.6.3 Rest of SAM: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Wind Tunnel Market, By Solution
11.6.6.3.2 Rest of SAM: Wind Tunnel Market, By Alignment
11.6.6.3.3 Rest of SAM: Wind Tunnel Market, By Airspeed Type
11.6.6.3.4 Rest of SAM: Wind Tunnel Market, By Application
12. Wind Tunnel Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of Covid-19 Pandemic
12.3 Europe: Impact Assessment of Covid-19 Pandemic
12.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
12.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
12.6 South America: Impact Assessment of Covid-19 Pandemic
13. Wind Tunnels Market- Industry Landscape
13.1 Overview
13.2 Mergers and Acquisitions
13.3 New Product Launches
13.4 Expansions And Other Strategic Developments
14. Company Profiles
14.1 Aerolab
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Aiolos
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Boeing
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 ETW GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Horiba Ltd.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Lockheed Martin Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Mahle GmbH
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Mitsubishi Heavy Industries, Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Rail Tec Arsenal
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 RUAG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of SAM: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 115. List of Abbreviation
LIST OF FIGURES
Figure 1. Wind Tunnel Market Segmentation
Figure 2. Wind Tunnel Market Segmentation – By Geography
Figure 3. Wind Tunnel Market Overview
Figure 4. Wind Tunnel Market, By Solution
Figure 5. Wind Tunnel Market, By Alignment
Figure 6. Wind Tunnel Market, By Airspeed Type
Figure 7. Wind Tunnel Market, By Application
Figure 8. Wind Tunnel Market, By Geography
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Expert Opinion
Figure 15. Wind Tunnel Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Wind Tunnel Market
Figure 17. Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Wind Tunnel Market Revenue Share, By Solution (2020 and 2028)
Figure 19. Products: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Services: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Wind Tunnel Market Revenue Share, By Alignment (2020 and 2028)
Figure 22. Horizontal: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Vertical: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Wind Tunnel Market Revenue Share, By Airspeed Type (2020 and 2028)
Figure 25. Subsonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Supersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Transonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Hypersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Wind Tunnel Market Revenue Share, By Application (2020 and 2028)
Figure 30. Aerospace and Defense: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Automotive and Transportation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Building Construction and Wind Energy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Training and Simulation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Adventure Sports Skydiving: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Others: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Global Wind Tunnel Market Revenue Share, By Region (2020 & 2028)
Figure 37. North America: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. North America: Wind Tunnel Market Revenue Share, By Solution (2020 & 2028)
Figure 39. North America: Wind Tunnel Market Revenue Share, By Alignment (2020 & 2028)
Figure 40. North America: Wind Tunnel Market Revenue Share, By Airspeed Type (2020 & 2028)
Figure 41. North America: Wind Tunnel Market Revenue Share, By Application (2020 & 2028)
Figure 42. North America: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 43. US: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Canada: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Mexico: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Europe: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Europe: Wind Tunnel Market Revenue Share, By Solution (2020 & 2028)
Figure 48. Europe: Wind Tunnel Market Revenue Share, By Alignment (2020 & 2028)
Figure 49. Europe: Wind Tunnel Market Revenue Share, By Airspeed Type (2020 & 2028)
Figure 50. Europe: Wind Tunnel Market Revenue Share, By Application (2020 & 2028)
Figure 51. Europe: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 52. Germany: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. France: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Italy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. UK: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Russia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of Europe: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. APAC: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. APAC: Wind Tunnel Market Revenue Share, By Solution (2020 & 2028)
Figure 60. APAC: Wind Tunnel Market Revenue Share, By Alignment (2020 & 2028)
Figure 61. APAC: Wind Tunnel Market Revenue Share, By Airspeed Type (2020 & 2028)
Figure 62. APAC: Wind Tunnel Market Revenue Share, By Application (2020 & 2028)
Figure 63. APAC: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 64. Australia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. China: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. India: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Japan: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. South Korea: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of APAC: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. MEA: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. MEA: Wind Tunnel Market Revenue Share, By Solution (2020 & 2028)
Figure 72. MEA: Wind Tunnel Market Revenue Share, By Alignment (2020 & 2028)
Figure 73. MEA: Wind Tunnel Market Revenue Share, By Airspeed Type (2020 & 2028)
Figure 74. MEA: Wind Tunnel Market Revenue Share, By Application (2020 & 2028)
Figure 75. MEA: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 76. South Africa: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Saudi Arabia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. UAE: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Rest of MEA: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. SAM: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. SAM: Wind Tunnel Market Revenue Share, By Solution (2020 & 2028)
Figure 82. SAM: Wind Tunnel Market Revenue Share, By Alignment (2020 & 2028)
Figure 83. SAM: Wind Tunnel Market Revenue Share, By Airspeed Type (2020 & 2028)
Figure 84. SAM: Wind Tunnel Market Revenue Share, By Application (2020 & 2028)
Figure 85. SAM: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 86. Brazil: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 87. Argentina: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 88. Rest of SAM: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 89. Impact of Covid-19 Pandemic in North American Country Markets
Figure 90. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 91. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 92. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 93. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - Wind Tunnel Market
- Aerolab
- Aiolos
- Boeing
- ETW GmbH
- Horiba Ltd
- Lockheed Martin Corporation
- Mahle GmbH
- Mitsubishi Heavy Industries, Ltd
- Rail Tec Arsenal
- RUAG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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