Computational Fluid Dynamics (CFD) market was valued at US$ 1647.7 million in 2022 and is anticipated to reach US$ 3081.8 million by 2029, witnessing a CAGR of 11.0% - valuates Reports

Computational Fluid Dynamics (CFD) market was valued at US$ 1647.7 million in 2022 and is anticipated to reach US$ 3081.8 million by 2029, witnessing a CAGR of 11.0% during the forecast period 2023-2029.

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CFD is a software application that helps end-users analyse 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 defence, 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 defence industry. This report considers the revenue generated from the offerings of CFD services and products.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global CFD key players include ANSYS, Siemens, Dassault Systèmes, PTC, Altair Engineering, etc. Global top five manufacturers hold a share about 70%. North America is the largest market, with a share about 32%, followed by Europe and Asia-Pacific, both have a share over 58 percent. In terms of product, Maintenance and Service is the largest segment, with a share over 50%. And in terms of application, the largest application is Aerospace & Defense, followed by Automotive Industry, etc.

Segment by Type
Software Subscription
Maintenance and Service

Segment by Application
Aerospace and Defense
Automotive Industry
Electrical and Electronics
Others

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