The global CFD market to grow at a CAGR of 9.56% during the period 2016-2020.
CFD is a tool that analyzes the flow, turbulence, pressure distribution, and interaction of liquids and gases with structures. It is the science of predicting fluid flow, mass transfer, chemical reactions, and related phenomena. The CFD technology uses computers, computational methods, data of fluid viscosity, and fluid flow rates to simulate the flow of fluids. CFD is mostly used in the automotive, aerospace and defense, electronics and semiconductor, and energy industries for study related to thermal, acoustic, and air turbulence.
The report covers the present scenario and the growth prospects of the global CFD market for 2016-2020. The report presents the vendor landscape and the corresponding detailed analysis of the major vendors in the market based on revenue. The report considers the revenue obtained from the sales of software licenses. The report also includes a discussion of the key vendors operating in this market.
The aerospace and defense industry is the largest end-user in the global CFD market. One major trends in the industry is the emergence of many SMEs. Though their market sizes are smaller compared with larger companies, their achievements in the past two to three years has gained them a good position in the aerospace and defense industry.
According to the report, one of the key drivers for market growth will be need to reduce product development cycle time and cost. The aerospace and defense industry manufacturers are facing high pressure to reduce the product development cycle. CFD is mainly used in the second stage of the product development cycle. In the designing stage, the simulation and optimization processes are carried out using software such as CAE. CFD is a part of the CAE software.
The designing stage is a vital stage in the product development life cycle as it can reduce the time and cost of production of aerospace and defense products. Hence, industries are highly dependent on the software to reduce product development cycle time.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- ANSYS, Inc.
- Mentor Graphics, Inc.
Other prominent vendors
- Applied Math Modeling
- Dassault Systèmes
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Role of PLM in product development
Part 06: CAE overview
Part 07: Market landscape
Part 08: Geographic segmentation
Part 09: End-user segmentation
Part 10: Buying criteria
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenge
Part 14: Impact of drivers and challenges
Part 15: Trends
Part 16: Impact of trends
Part 17: Five forces analysis
Part 18: Vendor landscape
Part 19: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/6jl55l/global_cfd_market
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SOURCE Research and Markets