Europe 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 Europe is expected to grow from US$ 988.41 million in 2021 to US$ 1,391.94 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.
The impact of wind force on man-made structures is crucial, especially in high-rise buildings with large surfaces exposed to wind, wherein the building's internal structure resists the resulting forces. Despite the increased adoption of computational fluid dynamics for structural testing because of faster computing, it is not considered suitable for routine usage in the structural designing of buildings, as its predictions need to be verified by experiments. Testing through a wind tunnel helps determine wind pressures on buildings, as it allows to take aerodynamic measurements simultaneously at numerous ports through current pressure measurement capabilities. Modern wind tunnels, rapid scanning equipment, and fast computers with large storage allow construction and design firms to simultaneously measure multiple pressure taps, facilitating the development of time domain-based methods of calculating the aerodynamics of the building. Moreover, evaluating the impact of wind force on high-rise buildings, factories, and bridges can help building designers construct a structure that efficiently withstands the effects of wind. The wind tunnel modeling is also being applied to analyze the exhaust gas dispersion patterns at hospitals, laboratories, and other emitting sources.
The growth of the Europe wind tunnel market is attributed to the rising demand for green buildings, which gained prominent support from government agencies and construction firms. The European Green Deal (EGD) launched by the European Commission (EU) in 2019 provided a list of policy initiatives that will align European countries with the net-zero Europe warming emissions target by 2050. The deal entails building and renovation, sustainable mobility biodiversity, eliminating pollution, and climate action, among other parameters. The commission also launched the EU renovation wave for the building sector to accelerate the energy-efficient renovation and enhance the environmental performance of ~220 million buildings. Therefore, the positive prospects of the green building market are boosting the wind tunnel market growth.
With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets. This factor is driving the growth of Europe wind tunnel market and is expected to grow at a significant CAGR during the forecast period.
Europe Wind Tunnel Market Revenue and Forecast to 2028 (US$ Million)
Europe Wind Tunnel Market Segmentation
The Europe 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 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 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 France, Germany, Italy, the UK, Russia, and the rest of Europe. Furthermore, Aerolab; Aiolos; Boeing; ETW GmbH; Horiba Ltd; Lockheed Martin Corporation; Mahle GmbH; Mitsubishi Heavy Industries, Ltd; Rail Tec Arsenal; and RUAG are among the leading companies in the Europe 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. Europe Wind Tunnel Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Wind Tunnel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption in Aircraft Development
5.1.2 Significant Boom 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 Electric Vehicles Getting Popular
5.4 Future Trends
5.4.1 Advanced Cloud-Based Wind Tunnel Simulations Coming Up
5.5 Impact Analysis of Drivers and Restraints
6. Wind Tunnel Market – Europe Analysis
6.1 Europe Wind Tunnel Market Overview
6.2 Europe Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Wind Tunnel Market Analysis – By Solution
7.1 Overview
7.2 Europe 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. Europe Wind Tunnel Market – By Alignment
8.1 Overview
8.2 Europe 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. Europe Wind Tunnel Market – By Airspeed Type
9.1 Overview
9.2 Europe 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. Europe Wind Tunnel Market – By Application
10.1 Overview
10.2 Europe 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. Europe Wind Tunnel Market – Country Analysis
11.1 Overview
11.1.1 Europe: Wind Tunnel Market, by Key Country
11.1.1.1 Germany: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Germany: Wind Tunnel Market, By Solution
11.1.1.1.2 Germany: Wind Tunnel Market, By Alignment
11.1.1.1.3 Germany: Wind Tunnel Market, By Airspeed Type
11.1.1.1.4 Germany: Wind Tunnel Market, By Application
11.1.1.2 France: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 France: Wind Tunnel Market, By Solution
11.1.1.2.2 France: Wind Tunnel Market, By Alignment
11.1.1.2.3 France: Wind Tunnel Market, By Airspeed Type
11.1.1.2.4 France: Wind Tunnel Market, By Application
11.1.1.3 Italy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Italy: Wind Tunnel Market, By Solution
11.1.1.3.2 Italy: Wind Tunnel Market, By Alignment
11.1.1.3.3 Italy: Wind Tunnel Market, By Airspeed Type
11.1.1.3.4 Italy: Wind Tunnel Market, By Application
11.1.1.4 UK: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 UK: Wind Tunnel Market, By Solution
11.1.1.4.2 UK: Wind Tunnel Market, By Alignment
11.1.1.4.3 UK: Wind Tunnel Market, By Airspeed Type
11.1.1.4.4 UK: Wind Tunnel Market, By Application
11.1.1.5 Russia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia: Wind Tunnel Market, By Solution
11.1.1.5.2 Russia: Wind Tunnel Market, By Alignment
11.1.1.5.3 Russia: Wind Tunnel Market, By Airspeed Type
11.1.1.5.4 Russia: Wind Tunnel Market, By Application
11.1.1.6 Rest of Europe: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Wind Tunnel Market, By Solution
11.1.1.6.2 Rest of Europe: Wind Tunnel Market, By Alignment
11.1.1.6.3 Rest of Europe: Wind Tunnel Market, By Airspeed Type
11.1.1.6.4 Rest of Europe: 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 ETW GmbH
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 Horiba Ltd.
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 Lockheed Martin Corporation
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 Mahle GmbH
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 Mitsubishi Heavy Industries, Ltd.
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
13.9 Rail Tec Arsenal
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 RUAG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Wind Tunnel Market Segmentation
Figure 2. Europe Wind Tunnel Market Segmentation – By Country
Figure 3. Europe Wind Tunnel Market Overview
Figure 4. Europe Wind Tunnel Market, By Solution
Figure 5. Europe Wind Tunnel Market, By Alignment
Figure 6. Europe Wind Tunnel Market, By Airspeed Type
Figure 7. Europe Wind Tunnel Market, By Country
Figure 8. Europe: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Europe Wind Tunnel Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Wind Tunnel Market Revenue Share, By Solution (2020 and 2028)
Figure 13. Europe Products: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Services: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Wind Tunnel Market Revenue Share, By Alignment (2020 and 2028)
Figure 16. Europe Horizontal: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Vertical: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Wind Tunnel Market Revenue Share, By Airspeed Type (2020 and 2028)
Figure 19. Europe Subsonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Supersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Transonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Hypersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Wind Tunnel Market Revenue Share, By Application (2020 and 2028)
Figure 24. Europe Aerospace and Defense: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Automotive and Transportation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Building Construction and Wind Energy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Training and Simulation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Adventure Sports Skydiving: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Others: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Wind Tunnel Market, by Key Country – Revenue (2020) (US$ Million)
Figure 31. Europe: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 32. Germany: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. UK: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Russia: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Europe: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
- Aerolab
- Aiolos
- Boeing
- ETW GmbH
- Horiba Ltd
- Lockheed Martin Corporation
- Mahle GmbH
- Mitsubishi Heavy Industries, Ltd
- Rail Tec Arsenal
- RUAG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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