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Computational Fluid Dynamics Market by End-user and Geography - Forecast and Analysis 20221-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR40496
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The computational fluid dynamics (CFD) market share is expected to increase by USD 606.76 million from 2022 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.33%. This computational fluid dynamics (CFD) market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The computational fluid dynamics (CFD) market report also offers information on several market vendors, including Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL AB, Convergent Science Inc., and Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG among others. Furthermore, this report extensively covers computational fluid dynamics (CFD) market segmentation by end-user (aerospace and defense, automotive, electrical and electronics, and others) and geography (Europe, North America, APAC, South America, and MEA).

What will the Computational Fluid Dynamics (CFD) Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Computational Fluid Dynamics (CFD) Market Size for the Forecast Period and Other Important Statistics

 

Computational Fluid Dynamics (CFD) Market: Key Drivers, Trends, and Challenges

The reduction in product design time and the cost is notably driving the computational fluid dynamics (CFD) market growth, although factors such as growing concerns about software and data privacy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the computational fluid dynamics (CFD) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Computational Fluid Dynamics (CFD) Market Driver

The reduction in product design time and cost is one of the key drivers supporting the computational fluid dynamics (CFD) market growth. For instance, Steel Authority of India Limited (SAIL), a leading steel-making company in India, uses the ANSYS Fluent Software to reduce the cost of plant-scale experiments and testing. It also uses the CFD solution to provide an adaptive meshing and improve the accuracy of the simulation to understand the variations in flow parameters, including turbulent kinetic energy and turbulent energy dissipation. Similarly, the Swedish automaker Volvo uses ANSYS Fluent CFD solutions to reduce the lead time of multiple projects. Therefore, an increasing number of companies using CFD solutions will drive the computational fluid dynamics (CFD) market growth during the forecast period.

Key Computational Fluid Dynamics (CFD) Market Trend

The high adoption of electric vehicles is one of the key computational fluid dynamics (CFD) market trends that are contributing to the market growth. Vendors are developing environment-friendly technologies for electric vehicles to reduce their carbon footprint. Electric vehicle manufacturers and CFD software providers are also making significant investments to improve the performance of their vehicles. Several countries are adopting electric vehicles, which is a major growth opportunity for the vendors in the global CFD market. Thus, high investments in the R&D activities related to the development of electric vehicles and the updates of existing systems are expected to drive the growth of the global CFD market during the forecast period

Key Computational Fluid Dynamics (CFD) Market Challenge

Growing concerns about software and data privacy is one of the factors hindering the computational fluid dynamics (CFD) market growth. Most enterprises are storing their data on cloud storage platforms that can be easily hacked or infected by malware. Though cloud solutions are becoming more secure, these solutions are still vulnerable to distributed denial-of-service (DDoS) attacks, data breaches, and others. Meanwhile, the privacy of the CFD software is a huge concern for vendors as this creates a negative impact on the adoption of the software by end-users. Concerns over data security and privacy have been growing in the global market. To save costs, enterprises have been adopting cloud-based models, which have limited security control on data. Thus, cybersecurity and issues related to software privacy might pose a critical threat to the global CFD market during the forecast period.

This computational fluid dynamics (CFD) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global computational fluid dynamics (CFD) market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the computational fluid dynamics (CFD) market during the forecast period.

Who are the Major Computational Fluid Dynamics (CFD) Market Vendors?

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

 

This statistical study of the computational fluid dynamics (CFD) market encompasses successful business strategies deployed by the key vendors. The computational fluid dynamics (CFD) market is fragmented and the vendors are deploying growth strategies such as offering undifferentiated products at competitive prices in local markets to compete in the market.

Product Insights and News

  • Ansys.com - The company offers computational fluid dynamics such as Ansys Fluent, Ansys CFX, Ansys Chemkin-Pro, Ansys Vista TF, and Ansys BladeModeler.
  • Autodesk.com - The company offers computational fluid dynamics simulation software which features CAD connections, scalar mixing, radiation modeling, particle tracing, automation scripting, and solar heating loads.
  • Comsol.com - The company offers computational fluid dynamics modeling environment with customized physics interfaces and functionality optimized for the analysis of all types of fluid flow.

To make the most of the opportunities and recover from the 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.

The computational fluid dynamics (CFD) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Computational Fluid Dynamics (CFD) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the computational fluid dynamics (CFD) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Computational Fluid Dynamics (CFD) Market?

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37% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for the computational fluid dynamics (CFD) market in Europe. Market growth in this region will be slower than the growth of the market in APAC.

The well-established road network and developed infrastructure will facilitate the computational fluid dynamics (CFD) market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

COVID-19, which originated in China, spread across the globe and emerged as a global pandemic and negatively impacted the regional market.  However, companies have witnessed a surge in the adoption of cloud-based CFD software that offers low-cost, effective services during this pandemic, which is expected to contribute to the growth of the regional CFD market during the forecast period.

What are the Revenue-generating End-user Segments in the Computational Fluid Dynamics (CFD) Market?

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The computational fluid dynamics (CFD) market share growth in the aerospace and defense segment will be significant during the forecast period. The aerospace segment of the global CFD market is expected to grow significantly during the forecast period owing to the increasing demand for operational efficiency, cost reduction, compliance standards, and others across the manufacturing value chain in the aerospace sector. Before the emergence of CFD, aircraft manufacturing companies used wind tunnel testing and flight-testing methods to evaluate the performance of designed products. With the development of fast and highly efficient computers, such traditional tools and methods of testing were replaced by numerical simulation methods based on the Navier-Stokes equation. Such replacements will have a positive impact on the segment growth during the forecast period.

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

 

Computational Fluid Dynamics (CFD) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.33%

Market growth 2022-2026

$ 606.76 million

Market structure

Fragmented

YoY growth (%)

4.81

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 37%

Key consumer countries

US, China, Germany, France, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Computational Fluid Dynamics (CFD) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive computational fluid dynamics (CFD) market growth during the next five years
  • Precise estimation of the computational fluid dynamics (CFD) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the computational fluid dynamics (CFD) industry across Europe, North America, APAC, South America, and MEA
  • 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 (CFD) market vendors

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Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Systems software

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End user - Market share 2020-2025 (%)
    • 5.2 Comparison by End user
      • Exhibit 16: Comparison by End user
    • 5.3 Aerospace and defense - Market size and forecast 2020-2025
      • Exhibit 17: Aerospace and defense - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Aerospace and defense - Year-over-year growth 2020-2025 (%)
    • 5.4 Automotive - Market size and forecast 2020-2025
      • Exhibit 19: Automotive - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Automotive - Year-over-year growth 2020-2025 (%)
    • 5.5 Electrical and electronics - Market size and forecast 2020-2025
      • Exhibit 21: Electrical and electronics - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Electrical and electronics - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by End user
      • Exhibit 25: Market opportunity by End user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Competitive scenario
          • 9.2 Vendor landscape
            • Exhibit 42: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 43: Landscape disruption
            • Exhibit 44: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 45: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 46: Market positioning of vendors
          • 10.3 Altair Engineering Inc.
            • Exhibit 47: Altair Engineering Inc. - Overview
            • Exhibit 48: Altair Engineering Inc. - Business segments
            • Exhibit 49: Altair Engineering Inc. - Key news
            • Exhibit 50: Altair Engineering Inc. - Key offerings
            • Exhibit 51: Altair Engineering Inc. - Segment focus
          • 10.4 ANSYS Inc.
            • Exhibit 52: ANSYS Inc. - Overview
            • Exhibit 53: ANSYS Inc. - Business segments
            • Exhibit 54: ANSYS Inc. - Key offerings
          • 10.5 Autodesk Inc.
            • Exhibit 55: Autodesk Inc. - Overview
            • Exhibit 56: Autodesk Inc. - Business segments
            • Exhibit 57: Autodesk Inc. - Key news
            • Exhibit 58: Autodesk Inc. - Key offerings
          • 10.6 COMSOL AB
            • Exhibit 59: COMSOL AB - Overview
            • Exhibit 60: COMSOL AB - Product and service
            • Exhibit 61: COMSOL AB - Key news
            • Exhibit 62: COMSOL AB - Key offerings
          • 10.7 Convergent Science Inc.
            • Exhibit 63: Convergent Science Inc. - Overview
            • Exhibit 64: Convergent Science Inc. - Product and service
            • Exhibit 65: Convergent Science Inc. - Key news
            • Exhibit 66: Convergent Science Inc. - Key offerings
          • 10.8 Dassault Systemes SE
            • Exhibit 67: Dassault Systemes SE - Overview
            • Exhibit 68: Dassault Systemes SE - Business segments
            • Exhibit 69: Dassault Systemes SE - Key news
            • Exhibit 70: Dassault Systemes SE - Key offerings
            • Exhibit 71: Dassault Systemes SE - Segment focus
          • 10.9 ESI Group
            • Exhibit 72: ESI Group - Overview
            • Exhibit 73: ESI Group - Business segments
            • Exhibit 74: ESI Group - Key news
            • Exhibit 75: ESI Group - Key offerings
          • 10.10 Hexagon AB
            • Exhibit 76: Hexagon AB - Overview
            • Exhibit 77: Hexagon AB - Business segments
            • Exhibit 78: Hexagon AB - Key offerings
            • Exhibit 79: Hexagon AB - Segment focus
          • 10.11 PTC Inc.
            • Exhibit 80: PTC Inc. - Overview
            • Exhibit 81: PTC Inc. - Business segments
            • Exhibit 82: PTC Inc. - Key news
            • Exhibit 83: PTC Inc. - Key offerings
            • Exhibit 84: PTC Inc. - Segment focus
          • 10.12 Siemens AG
            • Exhibit 85: Siemens AG - Overview
            • Exhibit 86: Siemens AG - Business segments
            • Exhibit 87: Siemens AG - Key offerings
            • Exhibit 88: Siemens AG - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 89: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 90: Research Methodology
              • Exhibit 91: Validation techniques employed for market sizing
              • Exhibit 92: Information sources
            • 11.4 List of abbreviations
              • Exhibit 93: 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 market growth will increase by $$ 606.76 mn during 2023-2026.
            The computational fluid dynamics (cfd) market market is expected to grow at a CAGR of 5.33% during 2023-2026.
            Technavio has segmented the computational fluid dynamics (cfd) market market by end-user (aerospace and defense, automotive, electrical and electronics, and others) and geography (Europe, North America, APAC, South America, and MEA).
            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 market.
            Europe will register the highest growth rate of 37% among the other regions. Therefore, the computational fluid dynamics (cfd) market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the computational fluid dynamics (cfd) market market growth are:
            • Reduction in product design time and cost
            • Increasing shift toward cloud-based CFD
            The computational fluid dynamics (cfd) market market vendors should focus on grabbing business opportunities from the aerospace and defense segment as it accounted for the largest market share in the base year.
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