Asia Pacific Wind Tunnel Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Solution (Products and Services), Alignment (Horizontal and Vertical), Airspeed Type (Subsonic, Supersonic, Transonic, and Hypersonic), and Application (Aerospace & Defense, Automotive & Transportation, Building Construction & Wind Energy, Training & Simulation, Adventure Sports Skydiving, and Others)
The wind tunnel market in APAC is expected to grow from US$ 750.83 million in 2021 to US$ 1,117.95 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
Aerodynamics plays an increasingly important role in electric cars than in 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.
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. China has the largest fleet of electric vehicles, with 4.5 million electric cars. The adoption of EVs has been fast in Asia Pacific, which reached a total of 3.2 million electric passenger vehicles. Furthermore, the demand for electric vehicles is driven by huge investments made by automotive giants in the research and development of electric vehicles. General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi confirmed the plan to invest ~US$ 150 billion collectively in the manufacturing of electric vehicles and launched new models during 2020–2021. Therefore, the rapid adoption of electric vehicles worldwide offers vast growth opportunities for the wind tunnel market players due to their significance in EV design and production.
With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets. This factor is driving the growth of Asia Pacific wind tunnel market and is expected to grow at a good CAGR during the forecast period.
APAC Wind Tunnel Market Revenue and Forecast to 2028 (US$ Million)
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APAC Wind Tunnel Market Segmentation
The Asia Pacific wind tunnel market is analyzed on the basis of solution, alignment, airspeed type, application, and country. Based on the solution, the market is bifurcated into services and products. The services segment is expected to continue its dominance during the forecast period. Wind tunnels' reduced operation & maintenance (O&M) costs and the easy availability of technical installation and maintenance drive the segment's growth. Based on alignment type, the market is bifurcated into horizontal and vertical segments. The horizontal segment accounted for a larger market share in 2020 and is expected to continue its dominance. Based on airspeed type, the market is segmented into subsonic, supersonic, transonic, and hypersonic. The subsonic segment held the largest market share in 2020. The rising demand for commercial aircraft and automotive testing services is the primary factor responsible for the growth of this segment. Based on 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. Aerospace and defense segment held the largest market share in 2020 and is expected to continue its dominance during the forecast period. The increased usage of wind tunnels for testing aircraft used for aerospace and defense applications is a major factor responsible for the segment's growth. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the rest of APAC. Furthermore, Aerolab; Aiolos; Boeing; Horiba Ltd; Lockheed Martin Corporation; Mahle GmbH; Mitsubishi Heavy Industries, Ltd; and RUAG are among the leading companies in APAC wind tunnel market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Wind Tunnel Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.2.1 Ecosystem Analysis
4.3 Expert Opinion
5. APAC Wind Tunnel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Aircraft Development Getting Popular
5.1.2 Growth in Green Buildings Market
5.2 Market Restraints
5.2.1 High Costs and Operational Issues Associated with Wind Tunnel Tests
5.3 Market Opportunities
5.3.1 Rising Popularity of Electric Vehicles
5.4 Future Trends
5.4.1 Virtual Cloud-Based Wind Tunnel Simulations
5.5 Impact Analysis of Drivers and Restraints
6. Wind Tunnel Market – APAC Analysis
6.1 APAC Wind Tunnel Market Overview
6.2 APAC Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
7. APAC Wind Tunnel Market Analysis – By Solution
7.1 Overview
7.2 APAC Wind Tunnel Market, By Solution (2020 and 2028)
7.3 Products
7.3.1 Overview
7.3.2 Products: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Wind Tunnel Market – By Alignment
8.1 Overview
8.2 APAC Wind Tunnel Market, By Alignment (2020 and 2028)
8.3 Horizontal
8.3.1 Overview
8.3.2 Horizontal: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Vertical
8.4.1 Overview
8.4.2 Vertical: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Wind Tunnel Market – By Airspeed Type
9.1 Overview
9.2 APAC Wind Tunnel Market, By Airspeed Type (2020 and 2028)
9.3 Subsonic
9.3.1 Overview
9.3.2 Subsonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Supersonic
9.4.1 Overview
9.4.2 Supersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Transonic
9.5.1 Overview
9.5.2 Transonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Hypersonic
9.6.1 Overview
9.6.2 Hypersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Wind Tunnel Market – By Application
10.1 Overview
10.2 APAC Wind Tunnel Market, By Application (2020 and 2028)
10.3 Aerospace and Defense
10.3.1 Overview
10.3.2 Aerospace and Defense: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Automotive and Transportation
10.4.1 Overview
10.4.2 Automotive and Transportation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Building Construction and Wind Energy
10.5.1 Overview
10.5.2 Building Construction and Wind Energy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Training and Simulation
10.6.1 Overview
10.6.2 Training and Simulation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Adventure Sports Skydiving
10.7.1 Overview
10.7.2 Adventure Sports Skydiving: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC Wind Tunnel Market – Country Analysis
11.1 Overview
11.1.1 APAC: Wind Tunnel Market, by Key Country
11.1.1.1 Australia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Wind Tunnel Market, By Solution
11.1.1.1.2 Australia: Wind Tunnel Market, By Alignment
11.1.1.1.3 Australia: Wind Tunnel Market, By Airspeed Type
11.1.1.1.4 Australia: Wind Tunnel Market, By Application
11.1.1.2 China: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Wind Tunnel Market, By Solution
11.1.1.2.2 China: Wind Tunnel Market, By Alignment
11.1.1.2.3 China: Wind Tunnel Market, By Airspeed Type
11.1.1.2.4 China: Wind Tunnel Market, By Application
11.1.1.3 India: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Wind Tunnel Market, By Solution
11.1.1.3.2 India: Wind Tunnel Market, By Alignment
11.1.1.3.3 India: Wind Tunnel Market, By Airspeed Type
11.1.1.3.4 India: Wind Tunnel Market, By Application
11.1.1.4 Japan: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Wind Tunnel Market, By Solution
11.1.1.4.2 Japan: Wind Tunnel Market, By Alignment
11.1.1.4.3 Japan: Wind Tunnel Market, By Airspeed Type
11.1.1.4.4 Japan: Wind Tunnel Market, By Application
11.1.1.5 South Korea: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Wind Tunnel Market, By Solution
11.1.1.5.2 South Korea: Wind Tunnel Market, By Alignment
11.1.1.5.3 South Korea: Wind Tunnel Market, By Airspeed Type
11.1.1.5.4 South Korea: Wind Tunnel Market, By Application
11.1.1.6 Rest of APAC: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC: Wind Tunnel Market, By Solution
11.1.1.6.2 Rest of APAC: Wind Tunnel Market, By Alignment
11.1.1.6.3 Rest of APAC: Wind Tunnel Market, By Airspeed Type
11.1.1.6.4 Rest of APAC: Wind Tunnel Market, By Application
12. Wind Tunnels Market- Industry Landscape
12.1 Overview
12.2 Mergers and Acquisitions
12.3 New Product Launches
12.4 Expansions And Other Strategic Developments
13. Company Profiles
13.1 Aerolab
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aiolos
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Boeing
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Horiba Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Lockheed Martin Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Mahle GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mitsubishi Heavy Industries, Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 RUAG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. China: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. India: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Japan: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. South Korea: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of APAC: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of APAC: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of APAC: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Wind Tunnel Market Segmentation
Figure 2. APAC Wind Tunnel Market Segmentation – By Country
Figure 3. APAC Wind Tunnel Market Overview
Figure 4. APAC Wind Tunnel Market, By Solution
Figure 5. APAC Wind Tunnel Market, By Alignment
Figure 6. APAC Wind Tunnel Market, By Airspeed Type
Figure 7. APAC Wind Tunnel Market, By Country
Figure 8. APAC: PEST Analysis
Figure 9. Expert Opinion
Figure 10. APAC Wind Tunnel Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Wind Tunnel Market Revenue Share, By Solution (2020 and 2028)
Figure 13. APAC Products: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Services: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Wind Tunnel Market Revenue Share, By Alignment (2020 and 2028)
Figure 16. APAC Horizontal: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Vertical: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Wind Tunnel Market Revenue Share, By Airspeed Type (2020 and 2028)
Figure 19. APAC Subsonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Supersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Transonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Hypersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Wind Tunnel Market Revenue Share, By Application (2020 and 2028)
Figure 24. APAC Aerospace and Defense: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Automotive and Transportation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Building Construction and Wind Energy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC Training and Simulation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC Adventure Sports Skydiving: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC Others: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. APAC: Wind Tunnel Market, by Key Country – Revenue (2020) (US$ Million)
Figure 31. APAC: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 32. Australia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. China: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. India: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Japan: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. South Korea: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of APAC: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
- Aerolab
- Aiolos
- Boeing
- Horiba Ltd
- Lockheed Martin Corporation
- Mahle GmbH
- Mitsubishi Heavy Industries, Ltd
- RUAG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC wind tunnel market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC wind tunnel market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the wind tunnel market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution