What is CFD?
CFD The analysis of fluid flows using numerical solution methods is known as computational fluid dynamics or CFD. CFD enables to solve complicated problems involving fluid-fluid, fluid-solid, or fluid-gas interactions. Many businesses utilise it to analyse, optimise, and verify the performance of designs before investing in costly prototypes and physical tests. Cavitation prevention, aeronautical engineering, HVAC engineering, electronics production, and a variety of other applications employ this technology. The advancements of technology over the years and the growing demand to reduce the developmental cycle has led to the growth of the CFD market. Although rising popularity of the open source CFD solutions may hinder the growth of the market. North America is a major market of the CFD or computational fluid dynamics.
The market study is broken down and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk, Inc. (United States), Ansys, Inc. (United States), Dassault Aviation SA (France), Siemens AG (German), PTC Inc. (United States), Numeca International (Belgium), Aspen Technology, Inc. (United States), Exa Corporation (United States), ESI Group (France) and Comsol Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Flow Science, Inc. (United States), Mentor Graphics (United States) and Bentley Systems Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global CFD market by Type, Application and Region.
On the basis of geography, the market of CFD has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Automotive will boost the CFD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. SMES will boost the CFD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processors, the sub-segment i.e. CPU will boost the CFD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On Cloud will boost the CFD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Siemens AG, a Germany based multinational conglomerate specialised in electrics and industrial manufacturing has announced acquisition of Nextflow Software, which is a developer of particle-based computational fluid dynamics (CFD) solutions. This acquisition would enable Siemens to integrate Nextflow’s smooth-particle hydrodynamics technology in its own software known as Xcelerator software. Which would allow Siemens to expand its customer base and allow comprehensive solutions to its existing customers.
In 2021, Cadence Design Systems, Inc., a United States based multinational computational software company has announced signing of a definitive agreement to acquire NUMECA International, which is a Belgium based leader in computational fluid dynamics and multi physics simulation solutions. With the completion of the acquisition Cadence would be able to expand its integrated design solutions, fluid structure interaction and system analysis capabilities.
- GPU Use is rising in Popularity over Traditional CPU for CFD Applications
- Advancement in the Technology
- Rising Demand to Reduce the Product Development Cycle
- Company’s Focusing on Superior Designs to Get a Competitive Edge over Highly Competitive Market
- Lack of Cloud Based CFD Adoption Presents an Opportunity to Expand
- Open Source CFD is a Major Limiting Factor for the Growth of the Market
- Training of Professionals with the Required Skills to Operate the CFD Tools
Key Target AudienceCFD Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Autodesk, Inc. (United States), Ansys, Inc. (United States), Dassault Aviation SA (France), Siemens AG (German), PTC Inc. (United States), Numeca International (Belgium), Aspen Technology, Inc. (United States), Exa Corporation (United States), ESI Group (France) and Comsol Inc. (United States) etc.
2. Can we have customized study for CFD Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of CFD Market by 2026?
Analysts at AMA estimates CFD Market to reach USD Million by 2026.