TechNavio recognizes the following companies as the key players in the Global CFD Market in Electrical and Electronics Industry: Ansys Inc., CD-adapco Ltd., and Mentor Graphics Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Some of the large PLM and CFD vendors have started providing CFD software integrated with other PLM tools to improve both the efficiency and the effectiveness of the product development cycle. Many customers prefer this integrated software as it reduces the product development cycle time and simultaneously increases its efficiency. For instance, vendors are developing CFD software integrated with CAD software. The integration of CFD and CAD solutions enables engineers to work on a single geometry, where changes made in one application are directly updated in another. This eliminates the data transfer gap between CFD and CAD applications, thereby increasing the efficiency of the product development cycle.”
According to the report, one of the major growth drivers in the market is the need to develop superior quality products. A poor design poses several issues not only to OEMs, but also to suppliers and customers.
Further, the report states that one of the major challenges in the market is 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.
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. For further information on this report, please visit https://www.technavio.com/report/global-cfd-market-electrical-and-electro…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automationFollow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global CFD Market in Electrical and Electronics Industry 2012-2016
