The 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.

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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.

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 application segment is expected to lead the wind tunnel market in 2018. The growth of the aerospace & defense application segment of the wind tunnel market can be attributed to the increased use of wind tunnels for testing aircraft used for aerospace & defense application as these aircraft are generally exposed to critical climatic conditions

By alignment, the horizontal segment is estimated to lead the wind tunnel market in 2018. Horizontal wind tunnels includes aerodynamic, aeroacoustic and climatic wind tunnels used in various industries such as aerospace & defense, racing championship, transportation and building construction & wind energy.

By airspeed, the subsonic segment is estimated to lead the wind tunnel market in 2018. This segment is majorly driven by the demand for commercial aircraft and automotive testing services. Subsonic wind tunnels are also used in racing championship aerodynamic testing.

By solution, the services segment is expected to lead the wind tunnel market in 2018. The growth of this segment can be attributed to the minimized Operation & Maintenance (O&M) costs of wind tunnels and easy availability of technical expertise to carry out their installation and maintenance.

By region, the Asia Pacific wind tunnel market is projected to grow at the highest rate from 2018 to 2023. Countries such as China, India, Japan, South Korea, Taiwan, and Australia are investing in indigenous development programs to manufacture various types of new and advanced aircraft for commercial and defense applications, along with the development of electric automotive vehicles. China has substantially increased its spending for the development of new and advanced systems for the aerospace & defense and automotive sectors. This, in turn, is expected to contribute toward increased demand for wind tunnels and wind tunnel testing services in the country. Moreover, countries such as Japan, India, and South Korea are also spending increasingly for the development of rail, automotive, and marine infrastructures, which require wind tunnel testing.

Key Players:

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.

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