Global CFD Market in Aerospace and Defense Industry 2016-2020
About CFD market in aerospace and defense industry
CFD is a tool that analyzes the flow, pressure distribution, turbulence, liquid-gas interaction with structures. It is the science of predicting fluid flow, chemical reactions, mass transfer, and related phenomenon. The CFD technology uses computers, data of fluid viscosity, computational methods, and fluid flow rates to analyze the flow of fluids. CFD is mostly used in the automotive, aerospace and defense, electronics and semiconductor, and energy industries for studies related to thermal, acoustic, and air turbulence.
Technavio’s analysts forecast the global CFD market in aerospace and defense industry to post revenue of more than USD 736 million during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global CFD market in aerospace and defense industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CFD software licenses and services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global CFD Market in Aerospace and Defense Industry 2016-2020
Technavio recognizes the following companies as the key players in the global CFD market in aerospace and defense industry: ANSYS, Siemens PLM Software, and Mentor Graphics.
Other Prominent Vendors in the market are: Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, and Symscape.
Commenting on the report, an analyst from Technavio’s team said: “Growth of R&D in SMEs in aerospace and defense industry is the major trend gaining traction in this market. Though the market sizes of the emerging SMEs are lesser compared with larger companies, their achievements in the past two to three years has helped them increase their contribution in the aerospace and defense industry.”
According to the report, CFD plays a major role in the defense sector, as it helps in designing aerospace vehicles such as launch vehicles, combat and non-combat aircraft, missiles, and also in the designing of submarines. CFD is used for stimulating aerodynamic loads, stability derivatives, air flow analysis, flow measurement analysis, and store trajectory analysis.
Further, the report states that there are many small and big challenges, which must be addressed by the CFD vendors in the aerospace and defense industry. One of the major challenges is that simulation activities using current CFD algorithms are expensive. The inability of CFD to predict turbulent flows accurately and slower mesh generation remain a major challenge in the CFD industry.
ANSYS, Siemens PLM Software, Mentor Graphics, Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, Symscape.
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