CFD is a software application that helps end-users analyze the flow, turbulence, and pressure distribution of liquids and gases, and their interaction with structures. It also helps in predicting fluid flow, mass transfer, chemical reactions, and related phenomena. CFD uses high-speed computers, and various numerical methods and solvers to simulate the flow of fluids (gases and liquids). Simulation refers to the digital prototype of the real-world scenario. This helps detect errors in design before proceeding to production. CFD finds wide ranging applications in industries such as automotive, aerospace and defense, electrical and electronics, and energy. CFDs are used to design fuel systems, engine core compartments, cockpit and cabin ventilation, missiles, submarines, and evaluate aerodynamics in the aerospace and defense industry.
Technavio's analysts forecast the global CFD market to grow at a CAGR of 13.6% over the period 2014-2019.
Covered in this report
Based on end-users, the global CFD market can be segmented into: aerospace and defense industry, automotive industry, electrical and electronics industry, industrial machinery industry, material and chemical processing industry, energy industry, and others.
Technavio's report, Global CFD Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Computational Fluid Dynamics (CFD) Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Computational Fluid Dynamics (CFD) Market: ANSYS, CD-adapco, Dassault Systemes, Mentor Graphics and Exa
Commenting on the report, an analyst from Technavio’s team said: “Every industry has unique, customized process functions. This gives rise to the demand for special-purpose CFD software. Many large vendors are offering and developing CFD software specific to end-user industries and applications. EXA, a CFD provider, is focusing on providing application-specific CFD as a part of its growth strategy. The applications management team of the company finds new applications for customers and provides solutions through new simulation product. The availability of application-specific CFD will lead to higher demand for CFD, as different applications require different CFD solutions. For instance, evaluation of vehicles under different operating conditions and configurations requires unique simulation solutions.”
According to the report, companies across various industries require speed, agility, and control in design cycles. Simulation and testing are the two important functions in the design cycle, using which end-users are able to achieve faster time-to-market and profitability. These solutions require high-performance computing systems with the capability of processing a large volume of data. However, lack of IT infrastructure and support staff makes it difficult to manage these systems. To address this issue, companies such as IBM are providing high-performance computing systems in the cloud as well as on premise, such as IBM Platform Computing, which use CFD applications for simulation and testing of products.
Further, the report states that inaccurate prediction of fluid flow behavior for highly complex geometries is hindering this market growth.
ANSYS, CD-adapco, Dassault Systemes, Mentor Graphics, Exa