TechNavio recognizes the following companies as the key players in the CFD Market in India: Ansys Inc., CD-adapco Ltd., ESI Group SA, and Mentor Graphics Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Many CFD vendors in India are customizing their CFD solutions to suit the requirements of the large players operating in industries such as Automotive, Aerospace, Electrical and Electronics, and Process. This is so because these industries prefer high-end CFD solutions over general purpose CFD solutions. Moreover, application-specific solutions are considered to be less expensive than a complete CFD solution package. Such a model is also expected to yield better simulation results, giving end-users an edge over their competitors. This trend of offering customized solutions is expected to continue during the next few years. ”
According to the report, one of the major drivers in the market is the increasing demand from the discrete industries. The Discrete Manufacturing industries rely on CFD tools for effective and efficient product development.
Further, the report states that one of the major challenges in the market is the increasing threat of open-source CFD solutions. The majority of SMEs in India prefer open-source CFD solutions over commercial CFD solutions.
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/cfd-market-india-2012-2016
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-automation
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TechNavio Announces the Publication of its Research Report -CFD Market in India 2012-2016
