- Key vendors include Ansys, CD-adapco and Mentor Graphics
TechNavio, an independent London-based research firm has found increasing popularity of open-source communities as a major challenge for the growth of the Global CFD Market in Electrical and Electronics Industry. The analysis is for the forecast period 2012-2016.
Vendors in the Electrical and Electronics industry are facing many challenges due to the increasing popularity of open-source CFD software. Many commercial users are adopting open-source CFD software rather than investing large amounts of money in commercial licenses. Vendors are also facing challenges from pirated and counterfeit products in the market, and many pirated codes and keys are available to enable the unlicensed use of commercial CFD software.
OpenFOAM, Typhon, OpenCFD, OpenFlow, OpenFlower, Gerris, Dolfyn, OpenFVM, and SPHysics are some of the most common and widely accepted open-source CFD software products in the market, which are finding a wide usage among people.
The CFD market in the Electrical and Electronics industry in North America will be growing at a CAGR of 13.65 percent. However, the rise of the APAC region as the electronic manufacturing hub of the world has affected the growth of the North American market, especially the US. Many companies present in the US, including Apple and Microsoft, are outsourcing a major part of their production to low-cost countries such as China and India. Some of the global manufacturers in the US such as Intel, Texas Instruments and Micron Technology are adopting CFD software to produce efficient products at reduced cost.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global CFD Market in Electrical and Electronics Industry 2012-2016, please send an e-mail to media@technavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global CFD Market in Electrical and Electronics Industry. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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