Below are some of the key findings from this Computational Fluid Dynamics (CFD) market research report
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Global computational fluid dynamics industry overview
A key factor driving the growth of the computational fluid dynamics market is the growing need to decrease product development time. Industries are implementing CFD software in their product development system due to the need for technological advancements. CFD improves the swiftness of product designing and offers reliable and cost-efficient products. End-user industries are increasingly deploying CFD software solutions to offer advanced digital designs and simulations while enhancing the time-to-market by reducing the product development cycle and testing time.
Vendors engaged in digital manufacturing are taking necessary initiatives to develop technologies for providing a unified platform for managing PLM and manufacturing execution systems. With the rise in digital manufacturing, manufacturers can efficiently create a 3D simulation of a product before its production and analyze different variants to meet specific requirements. This computational fluid dynamics market analysis highlights that the increase in digital manufacturing will be a key CFD market trends which will help the market to register a CAGR of over 9% in the forecast period.
Top computational fluid dynamics companies covered in this market research report
The computational fluid dynamics market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and information on the products offered by the companies, this computational fluid dynamics industry analysis report will help clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- ANSYS
- Autodesk
- Dassault Systèmes
- PTC
- Siemens
CFD market segmentation based on geographic regions
- Americas
- APAC
- EMEA
The Americas region will account for the highest growth of this market throughout the forecast period. The growing demand for digitization of operations, user-friendly user interface and the increasing demand for integration of product lifecycle management are expected to propel the growth of the market during the forecast period
CFD market segmentation based on end-user
- Aerospace and defense industry
- Automotive industry
- Electrical and electronics industry
- Other industries
The aerospace and defense industry will account for the highest share in the computational fluid dynamics market. This segment will continue to dominate the market throughout the forecast period, followed by the automotive industry and the electrical and electronics industries respectively. Additionally, this report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the CFD market size.
Key highlights of the global computational fluid dynamics market (CFD) for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the computational fluid dynamics (CFD) market during the next five years
- Precise estimation of the global computational fluid dynamics (CFD) market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the computational fluid dynamics (CFD) industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of computational fluid dynamics (CFD) companies
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