Global Aerospace Wind Tunnel Testing Services Market to 2022: High Cost in Setting Up and Maintaining Facilities will Challenge Market Growth

DUBLIN, Dec. 14, 2018 /PRNewswire/ --

The "Global Aerospace Wind Tunnel Testing Services Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

This market to grow at a CAGR of more than 3 % by 2022.

The growing need for achieving low-noise and emission-free air travel has seen a rise in electrifying aircraft propulsion systems. Hence, the increasing use of virtual system models for optimizing drives, developing electrical networks, environmental control systems (ECS), reliable fuel systems control, and sensor technology as well as other subsystems and components. Therefore, the increasing efforts in developing electric aircraft is a major trend in the aerospace wind tunnel testing services market.

Market Overview

Development of new generation aircraft and associated components

The new designs that are meant for use in the aerospace industry require experimental validation. Consequently, wind tunnels are used by engineers to test designs for aircraft, materials, and shapes of components. Therefore, the development of new generation aircraft and associated components is driving the growth of the aerospace wind tunnel testing services market.

High cost in setting up and maintaining facilities

Aerospace wind tunnel testing equipment is considered capital-intensive. In addition to purchasing equipment, setting up a testing facility is even more expensive. This compels wind tunnel service providers to price their offerings at higher brackets to secure better profits. This, in turn, will challenge the growth of the market.

Competitive Landscape

The aerospace wind tunnel testing services market appears to be fragmented since the market has a number of companies. Some of the factors that are impacting the growth of the market include the increasing efforts in developing electric aircraft along with the development of new generation aircraft and its associated components. BAE Systems, Boeing, GKN, QinetiQ, and RUAG Group are some of the top companies in the market.

With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities. Several companies in the aerospace wind tunnel testing services market are focusing on utilizing the increasing development of electric aircraft.

Key Topics Covered: 

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application
• Comparison by application
• Commercial and civil aviation- Market size and forecast 2017-2022
• Military aviation- Market size and forecast 2017-2022
• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• Americas - Market size and forecast 2017-2022
• EMEA - Market size and forecast 2017-2022
• APAC - Market size and forecast 2017-2022
• Key leading countries
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 12: MARKET TRENDS

• Increased efforts in developing electric aircraft
• Growth of fused deposition modeling technique
• Evolution of high-speed aircraft and missiles

PART 13: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive Landscape

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• BAE Systems
• Boeing
• GKN
• QinetiQ
• RUAG Group

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/gljmh4/global_aerospace?w=5

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