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The need to reduce product design time and cost drives the global CFD in the industrial machinery market. Technavio’s market research analysts project a CAGR of 11% over the next four years.
The market is witnessing a surge in the demand for CFD embedded with CAD. Customers prefer to adopt embedded solutions as it reduces the product development cycle time and simultaneously increases its efficiency. It enables engineers and other stakeholders to participate in product development and improve the collective product design. CFD and CAD-embedded software enable engineers to work on a single geometry, whereby changes made in one application directly get updated in others.
The major part of the revenue in the Global CFD market in industrial machinery sector was generated from the EMEA region mainly due to the presence of developed countries such as UK, Germany, and France.
Other prominent vendors in this market include Altair, Autodesk, COMSOL, CEI, ESI Group, and MSC Software.
Some large product lifecycle management (PLM) and CFD vendors have started providing integrated CFD software to improve the efficiency and effectiveness of product development cycles. Many customers prefer this integrated software as it reduces the product development cycle time and increases its efficiency simultaneously.
Every industry has unique, customized process functions that give rise to the demand for special-purpose CFD software. Many core and large vendors are developing CFD software specific to the end-user industries and application requirement. EXA, one of the leading CFD providers, as a part of the growth strategy, is focusing on providing application specific CFD. The applications management team of the company focuses more finding new applications for the customers and providing a solution through new simulation product. The availability of application specific CFD will lead to higher demand for CFD during the forecast period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Product life cycle management overview
PART 06: Market size and forecast
PART 07: Five forces analysis
PART 08: Geographical segmentation
PART 09: EMEA
PART 10: Americas
PART 11: APAC
PART 12: Market drivers
PART 13: Impact of drivers
PART 14: Market challenges
PART 15: Impact of drivers and challenges
PART 16: Market trends
PART 17: Vendor landscape
PART 18: Key vendor analysis
PART 19: Other prominent vendors
PART 20: Appendix
PART 21: Explore Technavio
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