Global CFD Market in the Electrical and Electronics Industry 2015-2019
CFD is a software application that helps end-users analyze the flow, turbulence, and pressure distribution of liquids and gases. The interaction of fluids and gases with structures helps in predicting fluid flow, mass transfer, chemical reactions, and related phenomena. CFD uses high-speed computers, 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, which helps in detecting errors in designing before proceeding to production. CFD finds wide applications in various industries. One of the most significant end-user of CFD is the Electrical and Electronics industry.
TechNavio's analysts forecast the Global CFD market in the Electrical and Electronics industry to grow at a CAGR of 15.67 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global CFD market in the Electrical and Electronics industry during the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of CFD services and products.
TechNavio's report, Global CFD Market in the Electrical and Electronics Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global CFD market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global CFD Market in Electrical and Electronics Industry 2015-2019
TechNavio recognizes the following companies as the key players in the Global CFD Market in Electrical and Electronics Industry: ANSYS, Inc., CD-adapco Group, ESI Group SA and Mentor Graphics Inc.
Other Prominent Vendors in the market are: AspenTech, Autodesk, Bentley Systems, Blue Ridge Numerics, Computational Engineering International, COSMOS, Dassault Systèmes, EXA, Flow Science and Numeca International.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the market is the demand for integrated software. Many customers prefer integrated software as it reduces the product development cycle time and simultaneously increases efficiency.”
According to the report, the necessity to develop superior quality products is one of the main growth drivers. A poor design creates several problems not only for original equipment manufacturers but also for suppliers and customers.
Further, the report states that one of the major challenges in the market is the increasing popularity of open-source communities providing CFD software. Open-source CFD software is being adopted by commercial users rather than investing large amounts of money in commercial licenses.
Ansys, CD-adapco Group, ESI Group, Mentor Graphics, AspenTech, Autodesk, Bentley Systems, Blue Ridge Numerics, Computational Engineering International, COSMOS, Dassault Systèmes, EXA, Flow Science, Numeca International
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