TechNavio recognizes the following companies as the key players in the Global CFD Market in the Automotive Industry: Ansys Inc., CD-adapco Group, Mentor Graphics Corp., and EXA Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Some of the large PLM and CFD vendors have started providing integrated CFD software with several other PLM tools to improve both the efficiency and the effectiveness of product development cycle. Many customers prefer this integrated software as it reduces the product development cycle time and increases its efficiency simultaneously. For instance, vendors are developing integrated CFD software with CAD software. The integration of CFD and CAD solutions enables engineers to work on a single geometry, where changes made in one application would be directly updated in the other. This eliminates the data transfer gap between CFD and CAD applications, thereby increasing the efficiency of the product development cycle.”
According to the report, the increasing need for the development of superior and competitive products is one of the major drivers of the Global CFD market in the Automotive industry. In a highly competitive world, automakers consider it very important to retain their consumers by developing superior and competitive products. Thus, CFD simulation plays a major role in the Automotive industry in developing superior quality product.
Further, the report states that the increasing popularity of open-source communities is one of the major challenges impeding the growth of the market. Many commercial users are adopting open-source CFD software rather than investing large amounts of money in commercial licenses.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Blue Ridge Numerics Inc., Computational Engineering International Inc., Numeca International Inc., and Flow Science Inc.
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-automotive-industry-20…
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 -Global CFD Market in the Automotive Industry 2012-2016
