Global Computational Fluid Dynamics Market 2024-2028
The computational fluid dynamics market is forecasted to grow by USD 1235.5 mn during 2023-2028, accelerating at a CAGR of 9.45% during the forecast period. The report on the computational fluid dynamics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for reduction in product design time and cost, high adoption of electric vehicles, and growth in number of unconventional exploration and production projects.
Technavio's computational fluid dynamics market is segmented as below:
ByEnd-user
- Aerospace and defense industry
- Automotive industry
- Electrical and electronics industry
- Others
ByDeployment
ByGeography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing shift toward cloud based cfd as one of the prime reasons driving the computational fluid dynamics market growth during the next few years. Also, use of cfd to develop iot devices and growing use of cfd in biomedical applications will lead to sizable demand in the market.
The report on the computational fluid dynamics market covers the following areas:
- Computational fluid dynamics market sizing
- Computational fluid dynamics market forecast
- Computational fluid dynamics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading computational fluid dynamics market vendors that include Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cadence Design Systems Inc., COMSOL AB, Convergent Science Inc., CPFD Software LLC, Dassault Systemes SE, Flow Science Inc., Fluidyn Group, Hexagon AB, Kitware Inc., Mechartes Researchers Pvt. Ltd., PTC Inc., Siemens AG, SimScale GmbH, Synopsys Inc., The MathWorks Inc., and ZeusNumerix Pvt. Ltd.. Also, the computational fluid dynamics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.