Computational Fluid Dynamics Market

Computational Fluid Dynamics Market Global Industry Insights, Trends,
Outlook, 2017–2025
Computational fluid dynamics is a branch of fluid machines which helps to calculate and
analyses the flow of liquid and gas. Computational fluid dynamics works on the Navier
Stokes equations which describes about single phase fluid flow. With the combination of
physics, applied mathematics and computational software the Computational fluid
dynamics predicts the effect of liquid and gas on the object.
The growth in automotive industry creates substantial opportunities for the
computational fluid dynamics market as well. According to “Organisation Internationale
des Constructeurs d'Automobiles”, in 2016, 98.8 million units of vehicles were sold
worldwide up from 89.7 million in 2015. This signifies that the CFD market will witness
an exponential growth over the forecast period. In addition to this, the increasing R&D
investment in aerospace & defense industry provides significant growth opportunity to
the global CFD market.
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A major challenge hindering the market growth in aerospace & defense industry is the
relatively slow adoption of cloud-based solutions due to data security and privacy issues
because of hacking and various other attacks on cloud infrastructure. In spite of the fact
that a couple of venders are providing the cloud-based model, various end users are
unwilling to purchase it. Moreover, customers prefer using open source CFD software
rather than spending huge amount on purchasing commercial licenses. The above said
factor is also expected to restrain the market growth over the forecast period.
Computational Fluid Dynamics Market Taxonomy
On the basis of deployment model, the global Computational Fluid Dynamics market is
classified into:
● Cloud-based model
● On-premises model
With the development in cloud services, the demand for data centers has also
increased significantly. Computational fluid dynamics is generally utilized for thermal
modeling in data centers as it helps in identifying areas with lesser air flow. It also offers
the 3-D view of cold air movement which helps to provide the cooling in the data center
racks. Furthermore, area that is exposed to more cooling than actually required can be
easily identified by utilizing CFD. Since CFD is useful for understanding the changes
that result from the addition of new hardware, its demand among the end users is
projected to rise significantly over the upcoming years.
On the basis of end-use industry, the global Computational Fluid Dynamics market is
classified into:
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●
●
●
●
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Automotive
Aerospace & Defense
Electrical and electronics
Industrial machinery
Energy
Others
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Computational Fluid Dynamics Market Outlook – North America holds the largest
market share
North America held the largest market share of the global computational fluid dynamics
market in 2016 and is expected to continue its dominance over the forecast period
followed by Europe. The high R&D investment in aerospace & defense in the U.S. offers
substantial growth opportunity to the CFD market in the region. The U.S. has invested
US$ 14.3 billion for R&D in the aerospace & defense industry in 2016. One of the key
trends in the Asia Pacific market is the rising use of integrated CFD software that can
propel the effectiveness of product development life cycle. Some CFD companies and
product lifecycle management have started offering integrated CFD software with some
other product lifecycle management tools to enhance the productivity of product
development cycle.
Computational Fluid Dynamics Market Players
ANSYS, Inc., CD-Adapco, Mentor Graphics, Inc., Altair, Applied Math Modeling,
Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, Simerics, and Symscap are some of
the major companies identified across the value chain of global CFD market.
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Computational Fluid Dynamics Market report categorizes global market on the basis of deployment model, and end-use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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