DUBLIN, Oct. 27, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Computational Fluid Dynamics (CFD) Market 2014-2018" report to their offering.
To analyze the flow, turbulence, and pressure distribution of liquids and gases, and their interaction with structures, various end-users implement the CFD software. CFD is the science of predicting fluid flow, mass transfer, chemical reactions, and related phenomenon. To simulate the flow of fluids (gases and liquids), CFD uses high-speed computers, various numerical methods, and solvers.
Simulation is nothing but the digital prototype of the real world scenario, which helps in detecting errors in designing. CFD finds wide applications in industries such as Automotive, Aerospace and Defense, Electrical and Electronics, and Energy. In the Aerospace and Defense industry, CFD is used to design fuel systems, engine core compartments, cockpit and cabin ventilation, missiles, and submarines, and also in aerodynamics design.
The analysts forecast the Global CFD market to grow at a CAGR of 12.85 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global CFD market during the period 2014-2018. To calculate the market size, the report considers the revenue generated from the offerings of CFD services and products.
The report, the Global CFD Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global CFD market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
One of the major emerging trends in this market is the growing adoption of integrated CFD software that can improve the efficiency of product development cycles. Some of the large product lifecycle management and CFD vendors have started providing integrated CFD software with several other PLM tools to improve both the efficiency of product development cycles, which is the reason many customers prefer this integrated software.
According to the report, growing demand from developing countries is a major growth driver for the Global CFD market. The market potential has gradually shifted toward developing economies such as China, India, Brazil, and South Korea. The increase in outsourcing manufacturing activities to developing economies enhances the market potential of the manufacturing industries.
Further, the report states that one of the major threats that this market confronts is the popularity of open-source CFD software. Instead of spending a huge amount of money on acquiring the commercial licenses, the end-users have adopted open-source CFD software as cheaper alternatives.
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 a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by End-users
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- CD-adapco Group
- ESI Group
- EXA Corp.
- Mentor Graphics
- Bentley Systems
- Blue Ridge Numerics (Autodesk)
- Computational Engineering International (CEI)
- Dassault Systèmes
- Flow Science
- Numeca International
For more information visit http://www.researchandmarkets.com/research/7cmbbc/global
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SOURCE Research and Markets