Aviation News
Press release distribution service
Home > Aviation News & Resources
Aviation Industry
  • Aviation News
  • Business Aviation
  • Commercial Aviation
  • Defense
  • Submit News

    Watch Aviation News

  • Airbus News
  • Airlines News
  • Airport News
  • Aviation News
  • Boeing News

  • Wind Tunnel Market worth 2.88 Billion USD by 2023


    (Aviation-NewsWire.Com, November 04, 2021 ) According to the new market research report "Wind Tunnel Market by Solution (Products, Services), Alignment (Horizontal, Vertical), Application (Aerospace & Defense, Transportation, Racing Championship, Construction, Adventure Skydiving, Simulation), Air Speed, and Region - Global Forecast to 2023", The wind tunnel market is estimated at USD 2.61 Billion in 2018 and is projected to reach USD 2.88 Billion by 2022, at a CAGR of 2.01% from 2018 to 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.

    Download PDF Brochure @


    The aerospace & defense segment is projected to be the largest application segment of the wind tunnel market during the forecast period

    Based on application, the wind tunnel market is segmented into aerospace & defense, transportation, racing championship, building construction & wind energy, adventure sports skydiving, and training & simulation. The aerospace & defense segment is projected to be the largest application segment of the wind tunnel market during the forecast period. This segment is further segmented into aircraft and rockets & missiles. Wind tunnel testing services are majorly used in aerospace & defense application. Wind tunnels play a critical role in the aerodynamic design of various aircraft and missiles by their testing in supersonic and hypersonic wind tunnels.

    The vertical alignment segment of the wind tunnel market is projected to grow at a higher CAGR as compared to the horizontal alignment segment during the forecast period

    Based on alignment, the vertical segment is projected to grow at a higher CAGR during the forecast period. The growth of this segment can be attributed to the increased use of horizontally aligned wind tunnels for testing aerodynamic design and performance of aircraft and automobiles.

    Europe is estimated to be the largest wind tunnel market in 2018

    Europe is estimated to account for the largest share of the wind tunnel market in 2018. The presence of various aircraft manufacturers in the region such as Airbus, Dassault Aviation, MiG, Sukhoi, and SAAB is fueling to the growth of the wind tunnel market. These companies are developing new generation commercial and military aircraft.

    Germany is projected to be the leading market for wind tunnel market during the forecast period. Germany is leading country for aerospace & defense, and automobile wind tunnel testing services. Various companies in the country such as Mercedes Benz, Audi are major players in the development of next-generation electric vehicles. These factors propel Europe to be the largest wind tunnel market.

    Key companies profiled in the wind tunnel market include Boeing (US), Lockheed Martin (US), ETW (Europe), CSTB (France), FKFS (Germany), DNW (Netherlands), RTA (Austria), Mitsubishi Heavy Industries (Japan), Horiba (Japan), BMT (UK), FORCE Technology (Denmark), and Aerodyn Wind Tunnel (US) among others. Some major manufacturers include Aerolab (US), Aiolos (Canada), Foran (Brazil), Aerodium Technologies (Latvia), and Skyventure (Canada) among others.

    Ask for Sample Report @


    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    Mr. Aashish Mehra



    Source: EmailWire.Com

    Source: EmailWire.com

    Aviation News & Resources

    Aviation Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    Aviation-Newswire.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    Aviation-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC