Dec 14, 2018   SOURCE: BusinessWire

Global Aerospace Wind Tunnel Testing Services Market Report 2018-2022 Featuring Key Players - BAE Systems, Boeing, GKN, QinetiQ, and RUAG Group - ResearchAndMarkets.com

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

The market is set 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.

BAE Systems, Boeing, GKN, QinetiQ, and RUAG Group are some of the top companies in the market.

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Application

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

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

For more information about this report visit https://www.researchandmarkets.com/research/rfkcqb/global_aerospace?w=4