Computational Fluid Dynamics Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 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:
-
Automotive
-
Aerospace & Defense
-
Electrical and electronics
-
Industrial machinery
-
Energy
-
Others
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.
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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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