South America Wind Tunnel Market

The wind tunnel market in SAM is expected to grow from US$ 31.12 million in 2021 to US$ 39.99 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.

The wind tunnel market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. According to an article published by the Global Fleet Marketplace in January 2022, the electric vehicle (EV) sales in 2021 jumped by an annual growth rate of 75% in the region. In Brazil, EV sales reached ~35,000 in 2021, up by 77% year-over-year, and this count represents ~2% of overall light-vehicle sales. This surge in EV adoption is ascribed to the popularity of hybrid-ethanol EVs, which represent two-thirds of the EV market. Furthermore, ~73,000 electrified cars and light commercial vehicles are available on Brazilian streets. In Argentina, EV sales grew by 54% in 2020 to reach 2,383 units. Further, in Columbia, the sales of EVs and hybrid electric vehicles (HEVs) increased significantly in 2021, with a surge of 200% to reach ~18,000 units. In 2021, EV sales reached 60% to 1,200 units in Columbia. As per an article published by the Global Fleet MARKETPLACE, the country aims to have ~6,600 EVs on its roads by 2022. Therefore, the increase in the sales of EVs is influencing the growth of the wind tunnel market in SAM.

The governments’ focus on sustainable building infrastructure projects, including social infrastructure, to meet the demands is one of the main factors boosting the construction sector in SAM. In January 2020, Brazil had ~9,000 hotel rooms under construction; it is the leading country in terms of the construction of lodging facilities in Central and South America, followed by Colombia, Chile, and Peru. With the growing construction activities across the region, the sales of wind tunnels are also on the rise in SAM.

With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets. This factor is driving the growth of SAM Wind tunnel market and is expected to grow at a good CAGR during the forecast period.

SAM Wind Tunnel

Market Revenue and Forecast to 2028 (US$ Million)

SAM Wind Tunnel Market Segmentation

 

The SAM wind tunnel market is analyzed on the basis of solution, alignment, airspeed type, application, and country. Based on the solution, the market is bifurcated into services and products. The services segment is expected to continue its dominance during the forecast period. Wind tunnels' reduced operation & maintenance (O&M) costs and the easy availability of technical installation and maintenance drive the segment's growth. Based on alignment type, the market is bifurcated into horizontal and vertical segments. The horizontal segment accounted for a larger market share in 2020 and is expected to continue its dominance. Based on airspeed type, the market is segmented into subsonic, supersonic, transonic, and hypersonic. The subsonic segment held the largest market share in 2020. The rising demand for commercial aircraft and automotive testing services is the primary factor responsible for the growth of this segment. Based on application, the market is segmented into aerospace and defense, automotive and transportation, building construction and wind energy, training and simulation, adventure sports skydiving, and others. Aerospace and defense segment held the largest market share in 2020 and is expected to continue its dominance during the forecast period. The increased usage of wind tunnels for testing aircraft used for aerospace and defense applications is a major factor responsible for the segment's growth. Based on country, the market is segmented into Brazil, Argentina, and the rest of SAM. Furthermore, Aerolab; Boeing; Horiba Ltd; Lockheed Martin Corporation; Mahle GmbH; and Mitsubishi Heavy Industries, Ltd are among the leading companies in SAM wind tunnel market.     

South America Wind Tunnel Strategic Insights

Strategic insights for the South America Wind Tunnel provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Wind Tunnel Report Scope

South America Wind Tunnel Regional Insights

The geographic scope of the South America Wind Tunnel refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.