Computational Fluid Dynamics Market in APAC by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44541
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The computational fluid dynamics (CFD) market size in APAC has the potential to grow by USD 173.68 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.22%. 

This report provides a detailed analysis of the market by end-user (automotive industry, aerospace and defense industry, electrical and electronics industry, and others) and geography (China, Japan, South Korea (Republic of Korea), Taiwan, and rest of APAC). 

Computational Fluid Dynamics (CFD) Market Share in APAC

Computational-Fluid-Dynamics-(CFD)-Market-In-APAC-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • COMSOL AB
  • Convergent Science Inc.
  • Dassault Systemes SE
  • ESI Group
  • Hexagon AB
  • PTC Inc.
  • Siemens AG

 

The CFD market in APAC is concentrated and the vendors are deploying growth strategies such as developing innovative solutions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as reduction in product design time and cost to achieve growth opportunities. However, factors such as the high cost of CFD software will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the computational fluid dynamics market forecast report of APAC for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This computational fluid dynamics market analysis report of APAC also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Computational Fluid Dynamics (CFD) Market in APAC: Key Drivers and Trends

  • Benefits such as the reduction in product design time and cost will be the primary factors that will fuel the growth of the computational fluid dynamics market in APAC during the next few years.
  • Several companies are steadily adopting computational fluid dynamics software to provide high-quality products in a short span of time.
  • The adoption of CFD software aids these companies in attaining a competitive advantage since they improve the time-to-market by reducing the product development cycle and testing time.
  • In addition to reducing costs, the adoption of this software helps in reducing the analysis time and eliminating the need to develop multiple physical prototypes. As a result, it is increasingly used in the automotive and energy industries.
  • The utilization of CFD in biomedical applications will be one of the major trends that will gain traction.
  • One of the key players Dassault Systemes has developed a software suite called BIOVIA for research and study in the field of biotechnology, chemistry, and pharmaceuticals.
  • CFD is used for analyzing the flow in the airways of the lung.
  • Navier-Stokes Equations analyses the airflow development at low speeds, as the flow is laminar in small airways such as lungs.
  • With the lack of symmetrical branching in the lungs, CFD analysis can be used by doctors and researchers to provide detailed insights. 

 

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Computational Fluid Dynamics (CFD) Market in APAC: Segmentation by Geography

Computational-Fluid-Dynamics-(CFD)-Market-In-APAC-Market-Share-by-Region-2020-2025

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47% of the market’s growth will originate from the rest of APAC during the forecast period. India, Australia, and Malaysia are the key markets for computational fluid dynamics in the rest of APAC. Market growth in this region will be faster than the growth of the market in Taiwan.

The increase in the R&D activities in the aerospace and defense industry will facilitate the CFD market growth in rest of APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Computational Fluid Dynamics (CFD) Market in APAC: Segmentation by End-user

Computational-Fluid-Dynamics-(CFD)-Market-In-APAC-Market-Share-by-End-2020-2025

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The computational fluid dynamics market share growth in APAC by the automotive industry segment will be significant during the forecast period. APAC is home to many automotive manufacturers and their R&D centers. CFD software is widely used in the design and manufacture of automotive components and parts.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the computational fluid dynamics market size in APAC.

 

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Key Highlights of the Computational Fluid Dynamics (CFD) Market Report of APAC for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive computational fluid dynamics market growth in APAC during the next five years
  • Precise estimation of the CFD market size in APAC and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the computational fluid dynamics industry across China, Japan, South Korea (Republic of Korea), Taiwan, and rest of APAC
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of computational fluid dynamics market vendors in APAC

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Computational Fluid Dynamics (CFD) Market In APAC Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 173.68 million

Market structure

Concentrated

YoY growth (%)

5.00

Regional analysis

China, Japan, South Korea (Republic of Korea), Taiwan, and Rest of APAC

Performing market contribution

Rest of APAC at 47%

Key consumer countries

China and US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL AB, Convergent Science Inc., Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Automotive industry - Market size and forecast 2020-2025
    • Aerospace and defense industry - Market size and forecast 2020-2025
    • Electrical and electronics industry - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • China - Market size and forecast 2020-2025
      • Japan - Market size and forecast 2020-2025
      • South Korea (Republic of Korea) - Market size and forecast 2020-2025
      • Taiwan - Market size and forecast 2020-2025
      • Rest of APAC - Market size and forecast 2020-2025
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Altair Engineering Inc.
      • ANSYS Inc.
      • Autodesk Inc.
      • COMSOL AB
      • Convergent Science Inc.
      • Dassault Systemes SE
      • ESI Group
      • Hexagon AB
      • PTC Inc.
      • Siemens AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The computational fluid dynamics (cfd) market growth will increase by $361.34 million during 2019-2024.
      The computational fluid dynamics (cfd) market is expected to grow at a CAGR of 10.82% during 2019-2024.
      Technavio has segmented the computational fluid dynamics (cfd) market by end user (Automotive industry, Aerospace and defense industry, Electrical and electronics industry, and Others) and geographic (China, Japan, South Korea (Republic of Korea), Taiwan, and Rest of APAC).
      Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL AB, Convergent Science Inc., Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., Siemens AG are a few of the key vendors in the computational fluid dynamics (cfd) market.
      Rest of APAC will register the highest growth rate of 46.40% among the other regions. Therefore, the computational fluid dynamics (cfd) market in Rest of APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the computational fluid dynamics (cfd) market growth are:
      • Growth in smartphone industry
      The computational fluid dynamics (cfd) market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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