According to AMA, the Wind Tunnel market will register a CAGR of above 2.01% by 2026. The study covers a detailed analysis segmented by key business segments i.e. , by application (Aerospace & Defense, Transportation, Racing Championship, Building Construction & Wind Energy, Adventure Sports Skydiving and Training & Simulation) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Wind Tunnel market throughout the predicted period.
What is Wind Tunnel?
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 competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Wind Tunnel market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- NASA (United States)
- Boeing (United States)
- Lockheed Martin (United States)
- FKFS (Germany)
- DNW (Netherlands)
- RTA (Austria)
- ETW (Europe)
- CSTB (France)
- Mitsubishi Heavy Industries (Japan)
- Horiba (Japan)
Market Overview:
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.
Market Trend
High Adoption of New Generation High Speed Aircraft and Missiles and Rising Popularity of UAVs around the World
Restraints
- 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
Opportunities
Huge Demand due to Adventure Sports and Military Training and Use of Wind Tunnels in the Construction and Wind Energy Industries
Key highlights of the Global Wind Tunnel market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Wind Tunnel market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Wind Tunnel market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Wind Tunnel Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wind Tunnel market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wind Tunnel market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers 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.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.