Global outlook of the CFD market in aerospace and defense industry
Technavio’s market research analysts predict the global CFD market in aerospace and defense industry to grow steadily during the next four years and post an impressive revenue of more than USD 736 million by 2020. This industry research report identifies the increasing need for fuel efficiency to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With global warming becoming one of the major concerns, there is an increasing demand for fuel-efficient aircraft from several countries across the globe. By simulating and predicting concentration fields resulting from mixing fuel and air, computational fluid dynamics (CFD) helps engineers design carburetors that provide precise air and fuel flows to critical parts. Additionally, they can also be used to explore new forms of fuel from renewable sources such as biomass and agricultural waste. They also aid in the development of precise hulls for aircraft carriers which projects a uniform inflow to the propeller. Using CFD simulations, engineers will now be able to remodel the propeller race, increase rudder efficiency, and increase the vessel’s top speed as well.
Owing to the market’s growth potential, small- and medium-scale players in the CFD market will start increasing their R&D investments towards innovations in the application of CFD analysis in the aerospace and defense industry. For instance, Virgin Galactic, a spaceflight company headquartered in Pasadena, California, US, has already started working on designing an orbital launch vehicle called LauncherOne and is also concentrating on providing suborbital spaceflights to space tourists.
Competitive landscape and key vendors
The market is characterized by the presence of several vendors and appears to be highly fragmented. Major CFD companies such as CD-adapco, Mentor Graphics, and ANSYS offer CFD solutions to almost all end-users and focus mainly on innovating their products and introducing new code-solving techniques. According to this report, integration of 3-D components in electronics assemblies, enhanced simulation between contact parts in structural analysis, and improved fluid dynamic solutions were some of the focus areas for major end-users during 2015. Additionally, these major vendors also focus on offering cloud solutions to small market players. Small vendors concentrate on offering CFD tools and services for niche segments, where the generic solutions offered by established players do not meet the requirements of the end-user.
The leading vendors in the market are -
- ANSYS
- Siemens PLM Software (CD-adapco)
- Mentor Graphics
The other prominent vendors in the market are Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, and Symscape.
Geographical segmentation and analysis of the CFD market in aerospace and defense industry
This market study estimates that in terms of geographical regions, the Americas was the major revenue contributor to the market during 2015. The presence of numerous aerospace and defense industry OEMs and suppliers in this region and the increasing demand for aerospace and defense components and products from the developing countries across the globe, will drive the growth of the market in this region. As a result, this region will continue its market dominance throughout the forecast period.
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 CFD market in aerospace and defense industry?
- What are the key market trends impacting the growth of the global CFD market in aerospace and defense industry?
- What are the challenges to market growth?
- Who are the key vendors in the global CFD market in aerospace and defense industry?
- What are the market opportunities and threats faced by the vendors in the global CFD market in aerospace and defense industry?
- 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 CFD market in aerospace and defense industry?
Technavio also offers customization on reports based on specific client requirement.
Related reports
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- CFD
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: PLM overview
PART 06: Role of PLM in product development
PART 07: CAE overview
PART 08: Market landscape
- Market overview
- Market size and forecast
PART 09: Geographic segmentation
PART 10: Buying criteria
PART 11: Key leading countries
PART 12: Market drivers
- Increasing military expenditures
- Growing aerospace industry in developing countries
- Increase in demand for cloud CFD to convert CAPEX to OPEX
- Need to reduce product development cycle time and cost
- Use of CFD for increased fuel efficiency
PART 13: Impact of drivers
PART 14: Market challenges
- Adoption of in-house CFD codes
- Challenges associated with use of CFD
- Lack of awareness among end-users about developments in CFD
- Need for wind tunnel testing for complex CFD simulations
PART 15: Impact of drivers and challenges
PART 16: Market trends
- Growth of R&D in SMEs in aerospace and defense industry
PART 17: Five force analysis
PART 18: Vendor landscape
- Competitive landscape
- ANSYS
- Siemens PLM Software
- Mentor Graphics
- Other prominent vendors
PART 19: Appendix
PART 20: Explore Technavio
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape