wind tunnel Market

The wind tunnel market is projected to reach US$ 3,784.56 million by 2028 from US$ 2,706.26 million in 2021. It is expected to grow at a CAGR of 4.9% from 2021 to 2028.

Wind tunnels are extensively used by architects, engineers, and aerodynamicists to evaluate a wide variety of structures, including buildings, vehicles, and aircraft designs. They are utilized in numerous industries, such as low subsonic, transonic, supersonic, and hypersonic, depending on the wind speed they can produce. However, physical wind tunnels are being supplanted by wind tunnel simulation in aerodynamic testing. This simulation is primarily used to visualize air flows around an object, which aids design engineers in optimizing lift and drag, detecting and eliminating high wind speed zones, increasing top speed, and reducing wind noise, thereby streamlining automotive, aerospace, and construction planning operations. Wind tunnel simulation results aid in reducing prototyping and manufacturing lead times, operational expenses, and computational fluid dynamics (CFD) simulations, allowing engineers to study aerodynamic loads and minimize inaccuracies in wind tunnel test experiments. As a result, the growing demand from various sectors is having a positive impact on the wind tunnel market's growth.

Cloud-based simulations enable users to conduct multiple design iterations in parallel or investigate various aspects of a design simultaneously. To meet the increasing demand for aerodynamics testing across various industries, numerous simulation providers and wind testing companies offer advanced cloud-based wind tunnel solutions. Altair has launched HyperWorks Virtual Wind Tunnel, a specialized application that enhances wind tunnel simulation for the automotive industry. This user-friendly virtual tunnel has an automated setup process and can integrate simulation results with high-performance computing systems within the HyperWorks Virtual Wind Tunnel environment.

Koenigsegg, a renowned manufacturer of high-performance supercars, employs the ICON simulation software on a cloud-based HPC system to reduce wind tunnel testing duration and streamline processes. This simulation-based approach allows the company's designers to access powerful computing resources remotely, reducing hardware expenses and maintenance costs. The transition from physical wind tunnels to their virtual counterparts is a significant trend in the global wind tunnel market's future.

IMPACT OF COVID-19 PANDEMIC ON WIND TUNNEL MARKET

The wind tunnel market players have observed steady growth in demand from end-users, and industrial activities have accelerated from the last quarter of 2020. Furthermore, the demand for wind tunnels in building construction has created a stable global demand. The COVID-19 pandemic has amplified the need for high-quality wind tunnel solutions for electric vehicles as they play a critical role in aerodynamics testing. Sales of electric vehicles have been increasing, especially in the USA, China, and Europe, since the COVID-19 crisis. Although the global wind tunnel market initially experienced a decline due to the pandemic's adverse impact and related regulations, it is anticipated to make a strong recovery due to the increasing demand for wind tunnels across various end-use verticals.

The wind tunnel market size has been determined using a combination of primary and secondary research. Comprehensive secondary research was conducted using both internal and external sources to gather qualitative and quantitative data related to the market. This research process aimed to provide an overview and forecast for the wind tunnel market across all segments. In addition, multiple primary interviews were conducted with industry experts, including VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the wind tunnel market. The primary research process helped validate the data and obtain additional analytical insights into the market.