A recent report published by Infinium Global Research on computational fluid dynamics (CFD) market provides an in-depth analysis of segments and sub-segments in the global as well as regional computational fluid dynamics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional computational fluid dynamics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global computational fluid dynamics market. According to the report, the global computational fluid dynamics market is projected to grow at a CAGR of 9.4% over the forecast period of 2019-2025.
Today computational fluid Dynamics (CFD) simulations are becoming more and more computationally demanding. In many areas of science and industry, there is a need to guarantee short turnaround times and fast time-to-market that can be fulfilled only with vast investments in hardware and software licenses. CFD is a software application that helps end-users to analyze the flow, turbulence, and pressure distribution of liquids and gases, and their interaction with structures. It also helps in forecasting fluid flow, mass transfer, chemical reactions, and related phenomena. CFD uses high-speed computers, and various numerical methods and solvers to simulate the flow of fluids (gases and liquids).
The rapid advancement in the aerospace and aeronautics industries is the major driving factor of the computational fluid dynamics market. CFD improves the swiftness of product designing and offers reliable and cost-efficient products that lead to a rise in demand for CFD. Further, the demand for CFD is increasing due to its applications in industries such as automotive, aerospace and defense, electrical and electronics, and energy. It is used for optimizing engine cooling and fuel delivery systems. CFD can also predict the performance of new processes and designs before their production and implementation. However, the CFD solutions can only be as accurate as of the physical models on which they are based that restrains the growth of the market. Moreover, rising demand for application-specific CFD is expected to provide large growth opportunities to the market players.
Geographically, North America dominates the global computational fluid dynamics market owing to the growing demand for digitization of operations, user-friendly user interface and the increasing demand for integration of product lifecycle management. The Asia-Pacific region is one of the rapidly growing CFD markets due to the boom of the manufacturing sector and the growing implementation of integrated CFD software that can advance the efficiency of product progress cycles in this region.
The report on global computational fluid dynamics market covers segments such as type, and applications. On the basis of type, the sub-markets include on-premise CFD software, and cloud-based CFD software. On the basis of applications, the sub-markets include automotive, aerospace, Defense, and electronics and energy.
The report provides profiles of the companies in the market such as ANSYS Inc., CD-adapco, Mentor Graphics, Exa Corporation, Altair Engineering Inc., Autodesk, Inc., MSC Software Corporation, COMSOL Multiphysics, Employees' State Insurance, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of computational fluid dynamics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.