Automotive Wind Tunnel Market Size, Trends and Growth 2031
The automotive wind tunnel market size is projected to reach US$ 1904.53 million by 2031 from US$ 722.57 billion in 2023. The market is expected to register a CAGR of 12.9% in 2022–2031. An automotive wind tunnel is a controlled environment designed for simulating natural wind conditions to evaluate the aerodynamic performance of vehicles. Increasing automotive sales and production across the globe is driving the market growth during the forecast period. According to the International Organization of Motor Vehicle Manufacturers, commercial vehicle sales around the globe reached 27.45 million units in 2023, increased by 11.7% compared to 2022. Commercial vehicle testing utilizes automotive wind tunnels in order to test the aerodynamics of the vehicles.
Automotive Wind Tunnel Market Analysis
The automotive wind tunnel market is driven by increased automotive production with the surge in new vehicle sales around the globe. According to the International Organization of Motor Vehicle Manufacturers, automotive sales reached 92.72 million units in 2023, increased by 10.6% compared to 2022. Such growth in automotive sales is primarily owing to the increasing disposable income of the people have created massive demand for the automotive wind tunnel market during the forecast period.
Further, the increasing launching of new vehicles by the leading OEMs across the globe has created massive demand for the automotive wind tunnel market growth during the forecast period.
Automotive Wind Tunnel Market Overview
An Automotive Wind Tunnel A wind tunnel typically comprises a test section where a model or vehicle can be mounted and viewed while air is either blown or, more usually, sucked over it by a fan or a number of fans. Some of the key elements that separate us from almost all other wind tunnels in the world are the use of our rolling road and integrated model motion system (automated pitch, roll, yaw, heave, and front-wheel steer), which allows for more realistic testing. Continually striving for the perfect testing tool, ARC is committed to evolving its wind tunnel technology to parallel the improvements in technology. A tunnel can test up to 50% scale models replicating full-scale racing, production, commercial, and military vehicles to a very high level of detail. A wind tunnel is one of the key components that helps set the wind tunnel apart from almost all commercially available wind tunnels in the world. At the start of the road section is a suction box to ensure correct boundary layer flow along the entire road.
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Automotive Wind Tunnel Market: Strategic Insights
Market Size Value in US$ 544.8 Million in 2017 Market Size Value by US$ 1557.5 Million by 2025 Growth rate CAGR of 14.2% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Automotive Wind Tunnel Market: Strategic Insights
| Market Size Value in | US$ 544.8 Million in 2017 |
| Market Size Value by | US$ 1557.5 Million by 2025 |
| Growth rate | CAGR of 14.2% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Automotive Wind Tunnel Market Drivers and Opportunities
Increased New Launching of Commercial and Passenger Vehicles across the Globe Drive Market Growth
Increasing the launching of new vehicles by OEMs across the globe is the major driving factor for the automotive wind tunnel market growth during the forecast period. For instance, in December 2023, BMW Group planned to launch mini-SUVs in India for 2024. The new series includes both electric and ICE variants. BMW's new launches include the X1 and the BMW 7 Series, and the updated X5 and X7 SUV models. Such new vehicle launching requires several tests before launching into the market. The vehicle testing requires automotive wind tunnel to provide the safety ratings of the vehicles.
Automotive wind tunnels are widely used for the aerodynamic testing of the vehicles. Several vehicle manufacturers use wind tunnels to replicate real-world vehicle testing for their vehicle models and mule car testing. Car wind tunnel testing provides a validated way to simulate model data of the cars and enables the engineer to measure the acoustic effect of noise reduction treatments in vehicles.
Passenger vehicles and high-speed commercial vehicles are especially dependent on aerodynamic noise. Measurements of aerodynamic noise in car interiors are conducted on full-size vehicles in wind tunnels at various phases of development since aerodynamic noise is the primary source of noise in cars at cruising and higher speeds.
Rising Development and Launching of Electric and Hybrid Vehicles by the OEMs is Expected to Create Ample Opportunity for the Market Growth.
The emergence of electric vehicles across the globe, along with the increasing sale of these vehicles, has created a massive demand for the automotive wind tunnels market by OEMs. The automotive manufacturers are utilizing this type of wind tunnel in order to test the aerodynamics of the vehicles. Electric vehicle manufacturers are required to fulfil certain tests for analyzing the safety performance of the vehicles. The increasing launching of these electric and hybrid vehicles by the leading OEMs across the globe is expected to create ample opportunity for the automotive wind tunnel market growth during the forecast period. For instance, in 2023, Tata Motors Ltd. launched the Tata Punch electric vehicle as a passenger car for Indian consumers. The company launched these vehicles in order to meet the environment-friendly government regulations and curb carbon emissions. This vehicle testing requires automotive wind tunnels for testing the aerodynamics of the vehicles.
Automotive Wind Tunnel Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Automotive Wind Tunnel Market analysis are type, platform, application, and end-user.
- Based on the design types, the market is divided into closed circuits and open circuits.
- Based on testing type, the global automotive wind tunnel market is divided into model-scale testing and full-scale Testing.
- Based on application, the market is divided into passenger cars, commercial vehicles, and motorcycles.
Automotive Wind Tunnel Market Share Analysis by Geography
The geographic scope of the automotive wind tunnel market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific is expected to hold the largest share in 2023. This is primarily owing to increasing demand by automotive OEMs to test the aerodynamics of the vehicles. Several OEMs in this region are launching new vehicles to meet the growing consumer demand for new and advanced technology-based vehicles.
North America is growing at a rapid pace for the automotive wind tunnel market in 2023. This is primarily owing to increasing commercial vehicle production and launching by OEMs in this region. According to the International Organization of Motor Vehicle Manufacturers (OICA), commercial vehicle sales reached 10.4 million units in 2022 and increased by 9.7 million compared to the previous year, 2021. Also, the demand for the automotive wind tunnel market is driven by the increasing launching of new vehicles by North America’s leading automotive brand manufacturers. The manufacturers include Ford Motor Co., General Motors Co., Rivian Automotive Inc., Tesla Inc., PACCAR Inc., Navistar International Corp, and BMW AG. These premium vehicle brand owners use automotive wind tunnels for aerodynamic testing of the vehicles.
This research referred to various data sources such as Organization the International Organization of Motor Vehicle Manufacturers, Transmission Rebuilders Network Worldwide, Automatic Transmission Rebuilders Association (ATRA), Automotive Service Association (ASA), Automotive Aftermarket Association Southeast (AAAS), and various automotive organizations in different countries.
Automotive Wind Tunnel Market Report Scope
Automotive Wind Tunnel Market News and Recent Developments
The Automotive Wind Tunnel market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automotive Wind Tunnel market and strategies:
- In May 2022, Honda launched a new wind tunnel worth US$ 124 million in Ohio, US, to tweak and test the race cars. The cars that run at the Indianapolis Motor Speedway were being tested in the company’s wind tunnel. (Source: Flyability, Press Release/Company Website/Newsletter)
Automotive Wind Tunnel Market Report Coverage and Deliverables
The “Automotive Wind Tunnel Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Design Types ; Testing Type ; Component Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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