This report describes and explains the wind tunnel market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global wind tunnel market reached a value of nearly $2.85 billion in 2024, having grown at a compound annual growth rate (CAGR) of 1.84% since 2019. The market is expected to grow from $2.85 billion in 2024 to $3.39 billion in 2029 at a rate of 3.48%. The market is then expected to grow at a CAGR of 4.00% from 2029 and reach $4.12 billion in 2034.
Growth in the historic period resulted from growth in aerospace industry, increase in demand for UAV, growing demand for autonomous vehicles and rising demand for automotive testing. Factors that negatively affected growth in the historic period were delay in wind projects under construction.
Going forward, rising urbanization, increasing industrialization, increasing defense budget allocation, growing space exploration initiatives and government support will drive the growth. Factor that could hinder the growth of the wind tunnel market in the future include limited availability of skilled workforce and increasing raw material costs.
The global wind tunnel market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 17.40% of the total market in 2023. The Boeing Company was the largest competitor with a 3.45% share of the market, followed by Mitsubishi Heavy Industries Ltd. with 3.08%, Lockheed Martin Corporation with 2.97%, QinetiQ Group plc with 2.25%, Ruag Group with 1.82%, Aiolos Engineering Corporation with 1.05%, Force Technology with 0.91%, Calspan Corp. with 0.71%, Omega Engineering Inc. with 0.69% and TecQuipment Ltd. with 0.47%.
The wind tunnel market is segmented by solution into products and services. The services market was the largest segment of the wind tunnel market segmented by solution, accounting for 66.38% or $1.89 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the wind tunnel market segmented by solution, at a CAGR of 3.78% during 2024-2029.
The wind tunnel market is segmented by airspeed into subsonic, transonic, supersonic and hypersonic. The subsonic market was the largest segment of the wind tunnel market segmented by airspeed, accounting for 49.35% or $1.41 billion of the total in 2024. Going forward, the hypersonic segment is expected to be the fastest growing segment in the wind tunnel market segmented by airspeed, at a CAGR of 3.82% during 2024-2029.
The wind tunnel market is segmented by alignment into vertical and horizontal. The horizontal market was the largest segment of the wind tunnel market segmented by alignment, accounting for 78.91% or $2.25 billion of the total in 2024. Going forward, the vertical segment is expected to be the fastest growing segment in the wind tunnel market segmented by alignment, at a CAGR of 3.92% during 2024-2029.
The wind tunnel market is segmented by application into aerospace and defense, automotive, building construction and wind energy, adventure sports skydiving and training and simulation. The aerospace and defense market was the largest segment of the wind tunnel market segmented by application, accounting for 46.70% or $1.33 billion of the total in 2024. Going forward, the training and simulation segment is expected to be the fastest growing segment in the wind tunnel market segmented by application, at a CAGR of 4.66% during 2024-2029.
North America was the largest region in the wind tunnel market, accounting for 44.46% or $1.27 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the wind tunnel market will be Asia-Pacific and South America where growth will be at CAGRs of 4.45% and 4.34% respectively. These will be followed by Eastern Europe and Middle East where the markets are expected to grow at CAGRs of 4.19% and 3.70% respectively.
The top opportunities in the wind tunnel market segmented by solution will arise in the services segment, which will gain $387.06 million of global annual sales by 2029. The top opportunities in the wind tunnel market segmented by airspeed will arise in the subsonic segment, which will gain $273.84 million of global annual sales by 2029. The top opportunities in the wind tunnel market segmented by alignment will arise in the horizontal segment, which will gain $406.13 million of global annual sales by 2029. The top opportunities in the wind tunnel market segmented by application will arise in the aerospace and defense segment, which will gain $235.64 million of global annual sales by 2029. The wind tunnel market size will gain the most in the USA at $157.67 million.
Market-trend-based strategies for the wind tunnel market include focus on advanced wind tunnel boosts automotive aerodynamics, adoption of moving ground plane (MGP) technology for realistic testing, development of hypersonic testing capabilities and advancements in wind tunnel testing for aerodynamic performance enhancement.
Player-adopted strategies in the wind tunnel market include focus on enhancing its operational capabilities through strategic partnerships to advance their capabilities in wind tunnels, strengthening its business operations through investments and strengthening its operational capabilities through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the wind tunnel companies to focus on innovating testing capabilities to drive market growth, focus on investing in advanced testing technologies, focus on advancing testing capabilities for high-speed applications, focus on developing specialized testing solutions for aerospace, focus on services market for stronger growth, focus on hypersonic market for high growth potential, focus on vertical wind tunnel market for higher growth, expand in emerging markets, focus on expanding distribution channels for wind tunnel companies, focus on competitive and value-based pricing strategies, focus on digital marketing strategies to boost wind tunnel company visibility, focus on industry trade shows and conferences for networking and brand visibility and focus on training and simulation market for highest growth.
The global wind tunnel market reached a value of nearly $2.85 billion in 2024, having grown at a compound annual growth rate (CAGR) of 1.84% since 2019. The market is expected to grow from $2.85 billion in 2024 to $3.39 billion in 2029 at a rate of 3.48%. The market is then expected to grow at a CAGR of 4.00% from 2029 and reach $4.12 billion in 2034.
Growth in the historic period resulted from growth in aerospace industry, increase in demand for UAV, growing demand for autonomous vehicles and rising demand for automotive testing. Factors that negatively affected growth in the historic period were delay in wind projects under construction.
Going forward, rising urbanization, increasing industrialization, increasing defense budget allocation, growing space exploration initiatives and government support will drive the growth. Factor that could hinder the growth of the wind tunnel market in the future include limited availability of skilled workforce and increasing raw material costs.
The global wind tunnel market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 17.40% of the total market in 2023. The Boeing Company was the largest competitor with a 3.45% share of the market, followed by Mitsubishi Heavy Industries Ltd. with 3.08%, Lockheed Martin Corporation with 2.97%, QinetiQ Group plc with 2.25%, Ruag Group with 1.82%, Aiolos Engineering Corporation with 1.05%, Force Technology with 0.91%, Calspan Corp. with 0.71%, Omega Engineering Inc. with 0.69% and TecQuipment Ltd. with 0.47%.
The wind tunnel market is segmented by solution into products and services. The services market was the largest segment of the wind tunnel market segmented by solution, accounting for 66.38% or $1.89 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the wind tunnel market segmented by solution, at a CAGR of 3.78% during 2024-2029.
The wind tunnel market is segmented by airspeed into subsonic, transonic, supersonic and hypersonic. The subsonic market was the largest segment of the wind tunnel market segmented by airspeed, accounting for 49.35% or $1.41 billion of the total in 2024. Going forward, the hypersonic segment is expected to be the fastest growing segment in the wind tunnel market segmented by airspeed, at a CAGR of 3.82% during 2024-2029.
The wind tunnel market is segmented by alignment into vertical and horizontal. The horizontal market was the largest segment of the wind tunnel market segmented by alignment, accounting for 78.91% or $2.25 billion of the total in 2024. Going forward, the vertical segment is expected to be the fastest growing segment in the wind tunnel market segmented by alignment, at a CAGR of 3.92% during 2024-2029.
The wind tunnel market is segmented by application into aerospace and defense, automotive, building construction and wind energy, adventure sports skydiving and training and simulation. The aerospace and defense market was the largest segment of the wind tunnel market segmented by application, accounting for 46.70% or $1.33 billion of the total in 2024. Going forward, the training and simulation segment is expected to be the fastest growing segment in the wind tunnel market segmented by application, at a CAGR of 4.66% during 2024-2029.
North America was the largest region in the wind tunnel market, accounting for 44.46% or $1.27 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the wind tunnel market will be Asia-Pacific and South America where growth will be at CAGRs of 4.45% and 4.34% respectively. These will be followed by Eastern Europe and Middle East where the markets are expected to grow at CAGRs of 4.19% and 3.70% respectively.
The top opportunities in the wind tunnel market segmented by solution will arise in the services segment, which will gain $387.06 million of global annual sales by 2029. The top opportunities in the wind tunnel market segmented by airspeed will arise in the subsonic segment, which will gain $273.84 million of global annual sales by 2029. The top opportunities in the wind tunnel market segmented by alignment will arise in the horizontal segment, which will gain $406.13 million of global annual sales by 2029. The top opportunities in the wind tunnel market segmented by application will arise in the aerospace and defense segment, which will gain $235.64 million of global annual sales by 2029. The wind tunnel market size will gain the most in the USA at $157.67 million.
Market-trend-based strategies for the wind tunnel market include focus on advanced wind tunnel boosts automotive aerodynamics, adoption of moving ground plane (MGP) technology for realistic testing, development of hypersonic testing capabilities and advancements in wind tunnel testing for aerodynamic performance enhancement.
Player-adopted strategies in the wind tunnel market include focus on enhancing its operational capabilities through strategic partnerships to advance their capabilities in wind tunnels, strengthening its business operations through investments and strengthening its operational capabilities through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the wind tunnel companies to focus on innovating testing capabilities to drive market growth, focus on investing in advanced testing technologies, focus on advancing testing capabilities for high-speed applications, focus on developing specialized testing solutions for aerospace, focus on services market for stronger growth, focus on hypersonic market for high growth potential, focus on vertical wind tunnel market for higher growth, expand in emerging markets, focus on expanding distribution channels for wind tunnel companies, focus on competitive and value-based pricing strategies, focus on digital marketing strategies to boost wind tunnel company visibility, focus on industry trade shows and conferences for networking and brand visibility and focus on training and simulation market for highest growth.
Major Market Trends
- Focus on Advanced Wind Tunnel Boosts Automotive Aerodynamics
- Adoption of Moving Ground Plane (MGP) Technology for Realistic Testing
- Development of Hypersonic Testing Capabilities
- Advancements in Wind Tunnel Testing for Aerodynamic Performance Enhancement
Key Mergers and Acquisitions
- Transdigm Group Acquired Raptor Labs Holdco, LLC
- Transdigm Group Acquired Calspan Corporation
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Wind Tunnel Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Wind Tunnel Market Segmentation
11 Wind Tunnel Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
22 Key Mergers and Acquisitions
23 Opportunities and Strategies
24 Wind Tunnel Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Wind Tunnel Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global wind tunnel market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for wind tunnel? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The wind tunnel market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider wind tunnel market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by solution, by airspeed, by alignment and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the wind tunnel market.
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by solution, by airspeed, by alignment and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for wind tunnel providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Solution: Products; Services2) by Airspeed: Subsonic; Transonic; Supersonic; Hypersonic
3) by Alignment: Vertical; Horizontal
4) by Application: Aerospace and Defense; Automotive; Building Construction and Wind Energy; Adventure Sports and Skydiving; Training and Simulation
Key Companies Mentioned: the Boeing Company; Mitsubishi Heavy Industries Ltd.; Lockheed Martin Corporation; QinetiQ Group plc; Ruag Group
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; wind tunnel indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
Some of the major companies featured in this Wind Tunnel market report include:- The Boeing Company
- Mitsubishi Heavy Industries Ltd.
- Lockheed Martin Corporation
- QinetiQ Group plc
- Ruag Group
- Aiolos Engineering Corporation
- Force Technology
- Calspan Corp.
- Omega Engineering Inc.
- TecQuipment Ltd.
- Goldwind
- Envision Energy
- Mingyang
- Gamesa
- Shanghai Electric
- Suzlon Energy Limited
- Adani Green Energy Limited
- G3 Holdings
- NTPC Limited
- Stellantis N.V.
- Teroc AB
- ENO Energy GmbH.
- Greenbyte AB
- ENS Energy GmbH
- MOWEA GmbH
- Uali
- Voltalia
- Ergosup
- Prodeval
- EuroCape
- Kola Wind Farm
- Rosatom
- Venture Round - NabraWind Technologies
- NovaWind
- RWDI
- University of Notre Dame
- Stellantis
- University at Buffalo (UB)
- Electra.aero
- Honda
- Joby Aviation
- Massachusetts Institute of Technology
- Airbus SE
- Zehnder Group AG
- SAE International
- Volkswagen AG
- Gulfstream Aerospace Corporation
- Nissan Motor Corporation
- Aerodium Technologies
- Agidens
- Embraer
- Eve Air Mobility
- Atlas Obscura
- Dallara
- Wärtsilä
- Saab AB
- Safran
- Thales Group
- Pininfarina
- Turkish Aerospace Industries (TAI)
- Lake Turkana Wind Farm
- Tarfaya Wind Farm
- Ras Ghareb Wind Farm
- West Bakr Wind Project
- Adama I & II Wind Farm
- Akhfenir Wind Farm
- Taiba N’diaye Wind Farm
- Khobab & Loeriesfontein 2 Wind Farms
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 382 |
| Published | February 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 2.85 Billion |
| Forecasted Market Value ( USD | $ 4.12 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 69 |
