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. This report considers the revenue generated from the offerings of CFD services and products.
The computational fluid dynamics (CFD) market in APAC appears to be highly fragmented due to the presence of several international, regional, and local vendors. CFD software providers compete intensely in terms of price, quality, regulatory compliance, and innovation. To attain a competitive advantage over the other players, the vendors are focusing on technological innovations and R&D investments. The high growth potential of the market encourages the entry of several start-ups and adoption of inorganic strategies and this will in turn, impact the performance of the vendors in the CFD market in APAC.
The industry extensively uses CFD software in the design and manufacture of automotive components and parts. With the presence of several automotive manufacturers and their R&D centers in the region, the automotive industry is the primary end-user of the CFD market in APAC.
China will be the major revenue contributor to the computational fluid dynamics (CFD) market in APAC and this will attribute to the high R&D investment in the automotive, electrical, and electronics industries in the country. With the aid from several government policies, companies increasingly adopt the software to boost the productivity of the electrical and electronic industry.
In 2017, the global Computational Fluid Dynamics (CFD) Simulation Tools market size was 1410 million US$ and it is expected to reach 2840 million US$ by the end of 2025, with a CAGR of 9.1% during 2018-2025.
This report focuses on the global Computational Fluid Dynamics (CFD) Simulation Tools status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Computational Fluid Dynamics (CFD) Simulation Tools development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
On Premise CFD Simulation Tools
Cloud-based CFD Simulation Tools
Market segment by Application, split into
Aerospace & Defense Industry
Electrical and Electronics Industry
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Computational Fluid Dynamics (CFD) Simulation Tools status, future forecast, growth opportunity, key market and key players.
To present the Computational Fluid Dynamics (CFD) Simulation Tools development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Computational Fluid Dynamics (CFD) Simulation Tools are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.