London, 22 January 2015 – The Global CFD Market in the Automotive Industry is expected to grow at a CAGR of 18.23 percent from 2014-2019, says research firm TechNavio.
About the Report
The latest report by TechNavio draws attentions to cloud-based computational fluid dynamics (CFD) software, which is being offered by several vendors in the market. Vehicle manufacturers are witnessing increased demand for cloud-based CFD software, as the adoption of such software leads to cost reduction and also provides easy accessibility and technical computing.
“By hosting CFD over the cloud, end-users can significantly reduce their operating costs and can also improve the efficiency of the product development cycle,” says Faisal Ghaus, Vice President of TechNavio.
In addition, the report emphasizes the increasing demand for CFD integrated software, as it increases the efficiency of the product development cycle. The Global CFD Market in the Automotive Industry is expected to witness development of software like CAD, CAM and FEA integrated with CFD software.
“The market will see more and more instances of CFD and CAD integrated software, which enables engineers to work on a single geometry, where changes made in one application are directly updated in the other, thus eliminating any data transfer gaps,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Reduction in Product Design and Development Costs
- For a full detailed list, view our report.
Market Challenges:
- High Cost of Training
- For a full detailed list, view our report.
Market Trends:
- Availability of Cloud-based CFD Software
- For a full detailed list, view our report.
Key Vendors:
- ANSYS Inc.
- Autodesk Inc.
- CD-adapco Group
- COMSOL Inc.
Other Prominent Vendors:
- AspenTech
- Bentley Systems
- Computational Engineering International
- Dassault Systèmes
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
