The article cited AMA's Global Wind Tunnel Market Study explored significant growth with CAGR of 2.01%. According to the report, High Adoption of New Generation High Speed Aircraft and Missiles
is one of the primary growth factors for the market. Growing Investment in Electrical Vehicles
is also expected to contribute significantly to the Wind Tunnel market. Overall, Aerospace & Defense
applications of Wind Tunnel, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Wind Tunnel Market identified that the demand is rising in many different parts of the world due to "Huge Demand due to Adventure Sports and Military Training
". Furthermore, some recent industry insights like "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." is constantly making the industry dynamic. One of the challenges that industry facing is "Growing Concern With Correct Measurement of Airflow and Accurate Calibration of Sensors"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Wind Tunnel market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Wind Tunnel market and other related sub-markets covered in the study.
o Key & emerging players in the Wind Tunnel market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Wind Tunnel market size is calculated using market estimation process, the Wind Tunnel market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Wind Tunnel market size has been validated using both top-down and bottom-up approaches.