A new study has been released from TechNavio last month titled: ‘Global Computational Fluid Dynamics Market in Aerospace and Defense Industry 2010-2014’
Our analysts forecast the Global Computational Fluid Dynamics (CFD) market in the Aerospace and Defense industry to grow at a CAGR (compound annual growth rate) of 12.7 percent over the period 2010–2014.
Computational fluid dynamics (CFD) is the science of predicting fluid (gases and liquids) flow, mass transfer, chemical reactions, and related phenomena by solving the mathematical equations which govern these processes.
CFD software is used to build a virtual prototype of the fluid or phenomenon under study. This software enables a user to simulate the flow of the fluid over airplane and missile surfaces and to study the chemical reactions of fuel interactions inside engines and heat and mass transfer, etc. with the help of a computer model.
Market Drivers:
One of the key factors contributing to this market growth is the extensive use of CFD in aerodynamic design. The Global CFD market in the Aerospace and Defense industry has also been witnessing increasing use of density-based CFD codes. However, the presence of research/in-house codes could pose a challenge to the growth of this market.
The Global CFD market in the Aerospace and Defense industry was (US) $180 million at the end of 2010 and is expected to reach (US) $290.9 million by 2014; growing at a CAGR of 12.7 percent.
Companies dominating this market include ANSYS, CD-adapco, and Mentor Graphics.
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For further information, please https://www.technavio.com/content/global-computational-fluid-dynamics-mar… or email us at enquiry@technavio.com
