The Wind Tunnel Global Market Report 2023, provides comprehensive information on the wind tunnel market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/wind-tunnel-global-market-report
The global wind tunnel market size is expected to grow from $2.69 billion in 2022 to $2.79 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wind tunnel market size is expected to grow to $3.19 billion in 2027 at a CAGR of 3.3%.
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Technological advancement is a key trend in the wind tunnel market. Major companies in the wind tunnel market are developing technologically advanced solutions to sustain in the market. For instance, in February 2020, the University of Notre Dame, an Indiana-based research university, started a new initiative to create hypersonic technology and build several additional test wind tunnels. The systems based on hypersonic technology are expected to travel faster than Mach 5, be highly maneuverable, and pose a threat to enemy air and missile defenses. The tunnel enables the university to research when and where a flow becomes turbulent, assisting in determining the thermal protection standards to be applied to vehicles.
The wind tunnel market is segmented:
1) By Solution: Products, Services
2) By AirSpeed: Subsonic, Transonic, Supersonic, Hypersonic
3) By Alignment: Vertical, Horizontal
4) By Application: Aerospace And Defense, Transportation, Racing Championship, Building Construction And Wind Energy, Adventure Sports Skydiving, Training And Simulation
North America was the largest region in the wind tunnel market in 2022.
The table of contents in TBRC’s wind tunnel market report includes:
- Executive Summary
- Wind Tunnel Market Characteristics
- Wind Tunnel Market Trends And Strategies
- Wind Tunnel Market – Macro Economic Scenario
- Wind Tunnel Market Size And Growth
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- Africa Wind Tunnel Market
- Wind Tunnel Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Wind Tunnel Market
- Wind Tunnel Market Future Outlook and Potential Analysis
- Appendix
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