Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

Market Overview:

According to our latest market study on “Wind Tunnel Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Solution, Alignment, Airspeed Type, and Application,” the 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.

Electric cars play an increasingly important role in aerodynamics compared to ICE-based vehicles, as maximum energy used to accelerate or drive uphill can be recovered through energy recuperation. Electric passenger cars with floor batteries are designed with an empty front boot, optimized to capture wind energy and generate electricity. To address the energy recuperation requirements, automotive engineers perform an aerodynamic analysis of an electric passenger car using wind tunnels placed at the front. The initial aerodynamic analysis of a basic electric car model is based on the simulation created using wind tunnels and aerodynamic add-on-devices, such as sensors.

Get Sample PDF: https://www.theinsightpartners.com/sample/TIPRE00007506/

The rising concerns regarding the negative impact of the transportation sector on the environment and the shift in consumer inclination toward zero-emission vehicles led to a significant surge in the adoption of light-duty electric passenger vehicles in economies, such as the US, China, and the European countries (UK, Germany, and Russia). In 2021, the sales of electric vehicles surged by ~160% in these countries. China has the largest fleet of electric vehicles, with 4.5 million electric cars. The adoption of EVs has been the fastest in Europe, reaching 3.2 million electric passenger vehicles in 2021. Further, the demand for electric vehicles is driven by massive investments made by automotive giants in the research and development of electric vehicles. General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi had confirmed the plan to invest ~US$ 150 billion collectively in manufacturing electric vehicles and launch new models during 2020–2021. The rapid adoption of electric vehicles worldwide is offering vast growth opportunities to wind tunnel market players due to their significance in EV design and production.

Based on solution, the wind tunnel market is segmented into products and services. In 2021, the services segment accounted for a larger market share between the two. On the basis of alignment, the wind tunnel market is segmented into horizontal and vertical. The horizontal segment dominated the market in 2021. Based on airspeed type, the wind tunnel market is segmented into subsonic, supersonic, transonic, and hypersonic. In 2021, the subsonic segment emerged as the market leader.

On the basis of 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. The aerospace and defense segment led the market in 2021. Geographically, the wind tunnel market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Europe held a significant share in the global wind tunnel market in 2021.

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, the wind tunnel market was experiencing substantial growth due to the rising production of aircraft and automobiles. However, the outbreak of the virus 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.

Buy Now: https://www.theinsightpartners.com/buy/TIPRE00007506/

As industrial activities picked pace from the last quarter of 2020, market players are experiencing steady growth in demand from end users. Moreover, the huge requirement of wind tunnels in building construction has created a stable demand for wind tunnels globally. The pandemic has invoked a need for high-quality wind tunnel solutions for electric vehicles as they play a crucial role in aerodynamics testing. Notably, the sales of electric vehicles have been increasing, especially in the US, China, and Europe, since the COVID-19 crisis. Although the global wind tunnel market plummeted initially due to the adverse impact of the pandemic and the related regulations, it is expected to gain strong recovery owing to the increasing requirement of wind tunnels across numerous end-use verticals.

Aerolab; Aiolos; Boeing; ETW GmbH; Horiba Ltd.; Lockheed Martin Corporation; Mahle GmbH; Mitsubishi Heavy Industries, Ltd.; Rail Tec Arsenal; and RUAG are a few key players operating in the global wind tunnel market. Several other market players have also been analyzed to understand the market.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876



Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe