South America 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 SAM is expected to grow from US$ 31.12 million in 2021 to US$ 39.99 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.
The wind tunnel market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. According to an article published by the Global Fleet Marketplace in January 2022, the electric vehicle (EV) sales in 2021 jumped by an annual growth rate of 75% in the region. In Brazil, EV sales reached ~35,000 in 2021, up by 77% year-over-year, and this count represents ~2% of overall light-vehicle sales. This surge in EV adoption is ascribed to the popularity of hybrid-ethanol EVs, which represent two-thirds of the EV market. Furthermore, ~73,000 electrified cars and light commercial vehicles are available on Brazilian streets. In Argentina, EV sales grew by 54% in 2020 to reach 2,383 units. Further, in Columbia, the sales of EVs and hybrid electric vehicles (HEVs) increased significantly in 2021, with a surge of 200% to reach ~18,000 units. In 2021, EV sales reached 60% to 1,200 units in Columbia. As per an article published by the Global Fleet MARKETPLACE, the country aims to have ~6,600 EVs on its roads by 2022. Therefore, the increase in the sales of EVs is influencing the growth of the wind tunnel market in SAM.
The governments’ focus on sustainable building infrastructure projects, including social infrastructure, to meet the demands is one of the main factors boosting the construction sector in SAM. In January 2020, Brazil had ~9,000 hotel rooms under construction; it is the leading country in terms of the construction of lodging facilities in Central and South America, followed by Colombia, Chile, and Peru. With the growing construction activities across the region, the sales of wind tunnels are also on the rise in SAM.
With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets. This factor is driving the growth of SAM Wind tunnel market and is expected to grow at a good CAGR during the forecast period.
SAM Wind Tunnel Market Revenue and Forecast to 2028 (US$ Million)
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SAM Wind Tunnel Market Segmentation
The SAM 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. 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 Brazil, Argentina, and the rest of SAM. Furthermore, Aerolab; Boeing; Horiba Ltd; Lockheed Martin Corporation; Mahle GmbH; and Mitsubishi Heavy Industries, Ltd are among the leading companies in SAM 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. SAM Wind Tunnel Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Wind Tunnel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Widespread Adoption in Aircraft Development
5.1.2 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 Rising Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Cloud-Based Wind Tunnel Simulations
5.5 Impact Analysis of Drivers and Restraints
6. Wind Tunnel Market – SAM Analysis
6.1 SAM Wind Tunnel Market Overview
6.2 SAM Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
7. SAM Wind Tunnel Market Analysis – By Solution
7.1 Overview
7.2 SAM 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. SAM Wind Tunnel Market – By Alignment
8.1 Overview
8.2 SAM 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. SAM Wind Tunnel Market – By Airspeed Type
9.1 Overview
9.2 SAM 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. SAM Wind Tunnel Market – By Application
10.1 Overview
10.2 SAM 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. SAM Wind Tunnel Market – Country Analysis
11.1 Overview
11.1.1 SAM: Wind Tunnel Market, by Key Country
11.1.1.1 Brazil: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Wind Tunnel Market, By Solution
11.1.1.1.2 Brazil: Wind Tunnel Market, By Alignment
11.1.1.1.3 Brazil: Wind Tunnel Market, By Airspeed Type
11.1.1.1.4 Brazil: Wind Tunnel Market, By Application
11.1.1.2 Argentina: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Wind Tunnel Market, By Solution
11.1.1.2.2 Argentina: Wind Tunnel Market, By Alignment
11.1.1.2.3 Argentina: Wind Tunnel Market, By Airspeed Type
11.1.1.2.4 Argentina: Wind Tunnel Market, By Application
11.1.1.3 Rest of SAM: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of SAM: Wind Tunnel Market, By Solution
11.1.1.3.2 Rest of SAM: Wind Tunnel Market, By Alignment
11.1.1.3.3 Rest of SAM: Wind Tunnel Market, By Airspeed Type
11.1.1.3.4 Rest of SAM: 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 Boeing
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 Horiba Ltd.
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 Lockheed Martin Corporation
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 Mahle GmbH
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 Mitsubishi Heavy Industries, Ltd.
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. SAM Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Wind Tunnel Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM: Wind Tunnel Market, By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM: Wind Tunnel Market, By Alignment – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM: Wind Tunnel Market, By Airspeed Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM: Wind Tunnel Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Wind Tunnel Market Segmentation
Figure 2. SAM Wind Tunnel Market Segmentation – By Country
Figure 3. SAM Wind Tunnel Market Overview
Figure 4. SAM Wind Tunnel Market, By Solution
Figure 5. SAM Wind Tunnel Market, By Alignment
Figure 6. SAM Wind Tunnel Market, By Country
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. SAM Wind Tunnel Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM Wind Tunnel Market Revenue Share, By Solution (2020 and 2028)
Figure 12. SAM Products: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Services: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Wind Tunnel Market Revenue Share, By Alignment (2020 and 2028)
Figure 15. SAM Horizontal: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Vertical: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Wind Tunnel Market Revenue Share, By Airspeed Type (2020 and 2028)
Figure 18. SAM Subsonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Supersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Transonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM Hypersonic: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Wind Tunnel Market Revenue Share, By Application (2020 and 2028)
Figure 23. SAM Aerospace and Defense: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM Automotive and Transportation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. SAM Building Construction and Wind Energy: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. SAM Training and Simulation: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. SAM Adventure Sports Skydiving: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. SAM Others: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. SAM: Wind Tunnel Market, by Key Country – Revenue (2020) (US$ Million)
Figure 30. SAM: Wind Tunnel Market Revenue Share, by Key Country (2020 & 2028)
Figure 31. Brazil: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Argentina: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of SAM: Wind Tunnel Market – Revenue and Forecast to 2028 (US$ Million)
- Aerolab
- Boeing
- Horiba Ltd
- Lockheed Martin Corporation
- Mahle GmbH
- Mitsubishi Heavy Industries, Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM 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