Outlook of the global cloud CFD market
Technavio’s market research analyst anticipates the global market for cloud CFD to grow at a CAGR of almost 11% by 2020. Recently, it has been noted that with the growth in cloud services, the demand for data centers has increased considerably. Computational fluid dynamics (CFD) is widely used for thermal modeling in data centers as it helps in identifying hot spots with lesser air flow and in analyzing the effectiveness of cooling in the data center racks by providing a 3-D analysis of cold air movement. Additionally, areas that obtain more cooling than required can be easily identified using CFD. Since CFD is beneficial for understanding the changes that result from the addition of new equipment, its demand among the end-users will rise significantly over the next few years.
The growth of R&D in aerospace and defense industry is a key trend impelling this market’s growth prospects over the next few years. Extensive market research carried out by the analysts at Technavio has shown that the aerospace and defense industry is the largest end-user of cloud CFD. One significant trend in the industry is the emergence of many SMEs. Though their revenues and sizes are lesser compared to larger companies such as Raytheon, Lockheed Martin, or Boeing, their achievements in the past two to three years has gained them an excellent position in the aerospace and defense industry.
Competitive landscape and key vendors
This market is highly fragmented and consists of major players like ANSYS and CD-Adapco and smaller players such as Ceetron and Applied Math Modeling. In this market, most companies focus on continually innovating products. With the addition of each version, the company incorporates new code-solving methods and analysis.
Key vendors in this market are -
- Mentor Graphics
Other prominent vendors in this market are NUMECA, FloSolve, Altair, Applied Math Modeling, ESI, and Ceetron.
Geographical segmentation and analysis of the cloud CFD market
This market was dominated by the Americas during 2015 as it accounted for a market share of more than 40%. Massive spending on R&D in the aerospace and defense and automotive industries is a critical factor spurring this market’s growth prospects over the next few years. Additionally, factors like the launch of numerous aerospace programs, including space missions by NASA, will also help in driving this market’s growth in this region over the next four years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global cloud CFD market?
- What are the key market trends impacting the growth of the global cloud CFD market?
- What are the challenges to market growth?
- Who are the key vendors in the global cloud CFD market?
- What are the market opportunities and threats faced by the vendors in the global cloud CFD market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global cloud CFD market?
Technavio also offers customization on reports based on specific client requirement.
CFD is a software application that helps end users study the interaction of fluids with solids and analyze the pressure distribution, turbulence, and flow of fluids. This software also helps in predicting fluid flow, mass transfer, and chemical reactions. CFD employs high-speed computers, various numerical methods, and solvers to simulate the flow of gasses and liquids. This software has several applications across many industries including aerospace and defense, automotive, electrical and electronics, and energy. For example, in the aerospace and defense industry, CFD is used to design fuel systems, core engine compartments, cockpit and cabin ventilation, missiles, submarines, and aerodynamics.
The report, global cloud CFD market, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- About CFD
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: PLM market overview
PART 06: Role of PLM in product development
PART 07: Overview of CAE
PART 08: Market landscape
PART 09: Geographic segmentation
- An overview of geographical segments
PART 10: Key leading countries
PART 11: Market segmentation by end-user
- Automotive industry
- Aerospace and defense industry
- Electrical and electronics industry
PART 12: Buying criteria
- Buying criteria of cloud CFD
PART 13: Market drivers
- Increase in number of data centers
- Need for cloud CFD to convert capex to OPEX
PART 14: Market trends
- Growth of R&D in aerospace and defense industry
- Increase in demand for CFD in battery designing
PART 15: Market challenges
- Lack of awareness among end-users about developments in CFD
- Lack of knowledge about CFD potential among end-users
PART 16: Vendor landscape
- Competitive landscape
- Mentor Graphics
PART 17: Appendix
PART 18: Explore Technavio
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.
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
- Collation of data
- Estimation of key figures
- Analysis of derived insights
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape