TechNavio recognizes the following companies as the key players in the Global Computational Fluid Dynamics Market: Ansys Inc., CD-adapco Group, and Mentor Graphics Corp.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing 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 cycles. 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, one of the major growth drivers in the market is the increasing demand from developing countries. The market vendors are experiencing that the market potential is moving toward growing economies such as China, India, Brazil, and Korea. The emergence of discrete manufacturing industries in the developing countries is one of the major growth drivers for the CFD market in developing countries.
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 several 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 COMSOL Inc., ESI Group SA, EXA Corp., AspenTech Ltd., Bentley Systems Inc., Blue Ridge Numerics Inc. (Autodesk Inc.), Computational Engineering International (CEI) Inc., Dassault Systemes SA, Flow Science Inc., and Numeca International 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/content/global-computational-fluid-dynamics-mar…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report “ Global Computational Fluid Dynamics Market 2012-2016
