Global Automotive Wind Tunnel Testing Equipment Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Full Size Wind Tunnel and Model Wind Tunnel.

By Revenue;

Service providers and New facility construction.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn380448275 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Wind Tunnel Testing Equipment Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Wind Tunnel Testing Equipment Market was valued at USD 1,587.62 million. The size of this market is expected to increase to USD 1,848.85 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.2%.

With technological advancements driving innovation, manufacturers are increasingly focusing on enhancing vehicle performance, efficiency, and safety standards. Wind tunnel testing equipment plays a crucial role in this paradigm shift by enabling comprehensive aerodynamic testing, thermal management analysis, and performance optimization across different vehicle types. Stringent regulatory requirements pertaining to emissions, fuel efficiency, and safety are also propelling the demand for advanced testing solutions. Moreover, the rapid rise of electric and autonomous vehicles is creating new testing challenges and opportunities, further driving the need for specialized wind tunnel testing equipment. Collaborative efforts among equipment manufacturers, automotive OEMs, and testing agencies are expected to drive market growth by fostering innovation, developing tailored testing solutions, and accelerating product development cycles. As emerging markets continue to expand their automotive footprint, investments in new wind tunnel testing facilities are anticipated to surge, contributing to the overall market expansion and technological advancement in automotive testing methodologies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Revenue
    3. Market Snapshot, By Region
  4. Global Automotive Wind Tunnel Testing Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Stringent Regulatory Standards
        3. Rise of Electric and Autonomous Vehicles
        4. Global Automotive Industry Growth
      2. Restraints
        1. High Initial Investment
        2. Competition from Simulation Technologies
        3. Complexity in Testing Procedures
        4. Environmental Concerns
      3. Opportunities
        1. Collaborative Partnerships
        2. Market Expansion in Emerging Economies
        3. Integration of AI and ML Technologies
        4. Diversification of Testing Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Wind Tunnel Testing Equipment Market, By Type, 2020 - 2030 (USD Million)
      1. Full Size Wind Tunnel
      2. Model Wind Tunnel
    2. Global Automotive Wind Tunnel Testing Equipment Market, By Revenue, 2020 - 2030 (USD Million)
      1. Service providers
      2. New facility construction
    3. Global Automotive Wind Tunnel Testing Equipment Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. HORIBA MIRA
      2. Mitsubishi Heavy Industries
      3. MAHLE GmbH
      4. FKFS
      5. Glenn L. Martin
      6. Windshear
      7. Auto Research Center
      8. RUAG
      9. DNW
      10. Aiolos
      11. A2 Wind Tunnel
      12. Fondmetal Technologies
      13. Lexus
      14. LTG
      15. Toyota Motorsport
  7. Analyst Views
  8. Future Outlook of the Market