Global Automotive Wind Tunnel Market Size By Type, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Automotive Wind Tunnel Market size was valued at USD 683.88 Million in 2019 and is projected to reach USD 1911.34 Million by 2027, growing at a CAGR of 13.7 % from 2020 to 2027.
The Global Automotive Wind Tunnel Market has witnessed strong growth owing to the growing urbanization and increasing disposable income of the population. Moreover, the strong growth in passenger car production across the globe is also fueling the market growth. The Global Automotive Wind Tunnel Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Automotive Wind Tunnel Market Definition
Imagine wind tunnels as giant tubes where air whooshes by really fast! We use them to mimic what happens when something flies through the air or zooms along the road. Think of them like a super-realistic simulation! There are two main typesaerospace and automotive. Automotive Wind Tunnels are specifically designed to study how air flows around all sorts of vehicles – from cars and trucks to even motorcycles. We put vehicles in these tunnels to see how they handle the wind. And guess what? There are different kinds of automotive wind tunnels for different tests! We have aerodynamic wind tunnels for checking how slippery a vehicle is, climatic wind tunnels to see how vehicles perform in extreme weather (think scorching heat or freezing cold!), and even aeroacoustic wind tunnels to listen for noisy wind sounds at super-high speeds.
So, when it comes to figuring out how a car cuts through the air in an automotive wind tunnel, there are basically two ways to test itwith a smaller model or the real deal.
Think of model scale testing as the quick and dirty way to see how different shapes and features mess with the car's aerodynamics. Because it's working with smaller versions, it doesn't need fancy (or expensive) setups like the full-scale option.
Now, full-scale testing usually happens after a lot of the design work is done using computer simulations (CFD) to predict how the car will perform. Or, it might be used when they've built full-size models to get the styling just right.
Global Automotive Wind Tunnel Market Overview
The rapidly rising urbanization and increasing disposable income of the population are leading to progressing demand for vehicles in different regions. This is leading to a huge production of vehicles. For producing a better product in the market, automobile manufacturers are increasingly demanding for automotive wind tunnels for testing purposes and improving the performance and efficiency of the vehicles. This, in turn, is expected to drive the growth of the global Automotive Wind Tunnel Market.
Moreover, the strong growth in passenger car production across the globe is also fueling the revenue growth of the Automotive Wind Tunnel Market. Furthermore, the increasing adoption of methods to reduce vehicle pollution and fuel consumption level is further expected to propel the growth of the market during the forecast period. Additionally, less air resistance help to reduce emissions and enhance fuel effectiveness adjacent to engines’ power output, frequently by taking down the engine size.
Different emission standards set up by governments and different organizations, such as EURO 6 in European Union, Environment Protection Agency (EPA) in North America, and Bharat Stage Emission Standards in India, have commenced to compliance with certain standards by vehicle manufacturers in their particular regions. All these standards concentrate on more lowering the emission of carbon dioxide (CO2), nitrogen monoxide (NOx), and particulate matter (PM), and nonmethane hydrocarbons (NMHC). However, the huge capital demand for offering high-end manufacturing capabilities is the major factor restraining the growth of the Automotive Wind Tunnel Market across the globe.
Global Automotive Wind Tunnel MarketSegmentation Analysis
The Global Automotive Wind Tunnel Market is segmented on the basis of Type, Application, and Geography.
Automotive Wind Tunnel Market, By Type
• Closed Circuit• Open Circuit
Based on Type, The market is bifurcated into Closed Circuit And Open Circuit. The Open circuit segment is expected to grow at the highest CAGR during the forecast period due to the low construction cost and superior design for momentum and smoke visualization.
Based on Application, the market is bifurcated into Motorcycles, Passenger Cars, And Commercial Vehicles. The commercial vehicles segment is expected to grow at the highest CAGR during the forecast period owing to the increasing use of wind tunnels in commercial vehicles such as heavy trucks, coaches, and buses.
Automotive Wind Tunnel Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of Geography, The Global Automotive Wind Tunnel Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific accounts for a major share in the Global Automotive Wind Tunnel Market. The huge adoption of high-performance vehicles in developing nations such as China and India and the center of manufacturers to shift their production units to the region owing to cost benefits will drive the growth of the market.
Key Players
The “Global Automotive Wind Tunnel Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Daimler AG, HORIBA MIRA, Mahle, Mitsubishi Heavy Industries, A2 Wind Tunnel, Audi, Auto Research Center, FKFS, Toyota Motorsport, and RUAG Holding. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
Report Attributes
Details
Study Period
2016-2027
Base Year
2019
Forecast Period
2020-2027
Historical Period
2016-2018
Unit
Value (USD Million)
Key Companies Profiled
Daimler AG, HORIBA MIRA, Mahle, Mitsubishi Heavy Industries, A2 Wind Tunnel, Audi, Auto Research Center, FKFS, Toyota Motorsport, and RUAG Holding.
Segments Covered
• By Type • By Application • By Geography
Customization scope
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope
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