London, 01 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global CFD Market 2014-2018.
About Computational Fluid Dynamics (CFD)
CFD is a software application that helps end-users analyze the flow, turbulence and pressure distribution of liquids and gases and their interaction with structures. It also helps in predicting fluid flow, mass transfer, chemical reactions and related phenomena. CFD uses high-speed computers, various numerical methods, and solvers to simulate the flow of fluids (gases and liquids).
The Global CFD Market is expected to grow at a CAGR of 12.85 percent during the period 2014–2018.
About the Report
The latest report by TechNavio focuses on manufacturing companies that prefer CFD software with the aim to improve time-to-market as a major force contributing to market expansion over the next four years. The report also discusses the development of advanced CFD tools, which can meet specific end-users requirements.
“Many end-users prefer advanced CFD software to improve product efficiency and reduce product development costs. Therefore, many vendors have begun developing advanced CFD software, which in turn helps them create a competitive edge in the market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Demand from Developing Economies
- For a full detailed list, view our report.
Market Challenges:
- Popularity of Open-source Communities
- For a full detailed list, view our report.
Market Trends:
- Demand for Integrated Software
- For a full detailed list, view our report.
Key Vendors:
- Ansys Inc.
- CD-adapco Group
- COMSOL Inc.
- ESI Group SA
- EXA Corp.
- Mentor Graphics Corp.
Other Prominent Vendors:
- Aspen Tech
- Bentley Systems
- Blue Ridge Numerics
- Computational Engineering International
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
