Computational Fluid Dynamics (CFD) Market in APAC 2018-2022
About Computational Fluid Dynamics (CFD)
APAC is home to many automotive manufacturers and their R&D centers. CFD software is widely used in the design and manufacture of automotive components and parts. The software can be segmented into various end-users, which includes automotive industry, aerospace and defense industry, electrical and electronics industry, and others. Several companies are steadily adopting computational fluid dynamics (CFD) software. The adoption of CFD software aids these companies in attaining a competitive advantage since they improve the time-to-market by reducing the product development cycle and testing time.
Technavio’s analysts forecast the computational fluid dynamics (CFD) market in APAC to grow at a CAGR of 10.28% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the computational fluid dynamics (CFD) market in APAC for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of computational fluid dynamics (CFD) software.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Computational Fluid Dynamics (CFD) Market in APAC 2018-2022
Technavio recognizes the following companies as the key players in the computational fluid dynamics (CFD) market in APAC: ANSYS, Dassault Systemes, Hexagon, and Siemens PLM Software.
Other Prominent Vendors in the market are: Altair, Autodesk, COMSOL, Convergent Science, ESI Group, Flowscience, Fluidyn, NUMECA International, and SimScale.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the utilization of CFD in biomedical applications. One of the key players Dassault Systemes has developed a software suite called BIOVIA for research and study in the field of biotechnology, chemistry, and pharmaceuticals. CFD is used for analyzing the flow in airways of the lung. Navier-Stokes Equations analyses the air flow development at low speeds, as the flow is laminar in small airways such as lungs. Moreover, with the lack of symmetrical branching in the lungs, CFD analysis can be used by doctors and researchers to provide detailed insights.”
According to the report, one of the major drivers for this market is reduction in product design time and cost. In addition to reducing costs, the adoption of this software also helps in reducing the analysis time and eliminating the need to develop multiple physical prototypes. As a result, it is increasingly used in the automotive and energy industries.
ANSYS, Dassault Systemes, Hexagon, Siemens PLM Software, Altair, Autodesk, COMSOL, Convergent Science, ESI Group, Flowscience, Fluidyn, NUMECA International, and SimScale.