Press release
Computational Fluid Dynamics (CFD) Simulation Tools Market Size, Market Status, Industry Analysis and Forecasts to 2023
Computational Fluid Dynamics (CFD) Simulation Tools Market 2018
The global Computational Fluid Dynamics (CFD) Simulation Tools market is valued at 1410 million USD in 2017 and is expected to reach 2390 million USD by the end of 2023, growing at a CAGR of 9.2% between 2017 and 2023.
The Computational Fluid Dynamics (CFD) Simulation Tools Market report analyzes the market status, market share, growth rate, future trends, Computational Fluid Dynamics (CFD) Simulation Tools market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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CFD is a software application that helps end-users analyze the flow, turbulence, and pressure distribution of liquids and gases, and their interaction with structures. It also helps in predicting 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). Simulation refers to the digital prototype of the real-world scenario.
This helps detect errors in design before proceeding to production. CFD finds wide ranging applications in industries such as automotive, aerospace and defense, electrical and electronics, and energy. CFDs are used to design fuel systems, engine core compartments, cockpit and cabin ventilation, missiles, submarines, and evaluate aerodynamics in the aerospace and defense industry. This report considers the revenue generated from the offerings of CFD services and products.
The computational fluid dynamics (CFD) market in APAC appears to be highly fragmented due to the presence of several international, regional, and local vendors. CFD software providers compete intensely in terms of price, quality, regulatory compliance, and innovation. To attain a competitive advantage over the other players, the vendors are focusing on technological innovations and R&D investments. The high growth potential of the market encourages the entry of several start-ups and adoption of inorganic strategies and this will in turn, impact the performance of the vendors in the CFD market in APAC.
China will be the major revenue contributor to the computational fluid dynamics (CFD) market in APAC and this will attribute to the high R&D investment in the automotive, electrical, and electronics industries in the country. With the aid from several government policies, companies increasingly adopt the software to boost the productivity of the electrical and electronic industry.
The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. The key players covered in this report: , ANSYS, CD-adapco, Mentor Graphics, EXA, Dassault Systèmes, COMSOL, Altair Engineering, Autodesk, NUMECA International, Convergent Science.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Computational Fluid Dynamics (CFD) Simulation Tools.
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
On Premise CFD Simulation Tools
Cloud-based CFD Simulation Tools
Market Segment by Applications can be divided into
Aerospace & Defense Industry
Automotive Industry
Electrical and Electronics Industry
Others
Crucial points covered in this report are:
What will the industry size and the growth rate by 2023?
What are the key market trends impacting the growth of the market?
Which would be the important market trends affecting the growth?
Who are the global key manufacturers of the industry?
What will be the challenges in a future period?
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