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Development of new CFD to propel growth in the global simulation and analysis software market through 2020

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Simulation and analysis software: Key market research findings

  • APAC dominates the market geographically
  • Automotive segment accounts for the largest end-user segment
  • Key vendors—Ansys, CD-adapco, Dassault Systèmes, LMS International, Mentor Graphics, and MSC Software

Technavio’s market research analysts expect the global simulation and analysis software market to grow at a CAGR of almost 12% between 2016 and 2020. The need for innovation and high-quality products is the fundamental driving force behind growth in this market. The manufacturers are endeavoring to achieve the first-mover advantage in the market. This has led to the widespread adoption of simulation and analysis software by companies across industries to analyze and innovate their product functionalities.  APAC dominated the global simulation and analysis software market in 2015 by occupying almost 34% of the market share. The market is thriving in this region due to the development of multiple discrete manufacturing industries. The simulation and analysis software market in APAC is projected to grow further during the forecast period with the majority of the revenue coming from China, India, Taiwan, Korea, Malaysia, and Thailand.

The new market research report from Technavio presents a breakdown and analysis of the simulation and analysis software segments by end-user.

“The latest trend in the market is the development of new computational fluid dynamics (CFD) with reduced process time. A CFD analysis comprises of pre-processing, solving, and post-processing. In a standard CFD, the pre-processing phase takes around 65% of the time required for a complete CFD process. Technological advancements have resulted in the development of an improved CFD with an advanced pre-processor that includes the creation of quality mesh with well-defined geometry and boundary in a shorter time,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.

During 2015, the automotive segment was the dominant shareholder in the global simulation and analysis market by accounting for around 28% of the overall market share. Applications of simulation and analysis software in the automotive industry include the designing of automotive components or systems such as vehicle aerodynamics, underhood thermal management, combustion and fuel system management, and passenger comfort analysis. The demand for simulation and analysis software in the automotive industry is primarily driven by the research and development (R&D) investment in the automotive industry across the globe.

The key vendors in the global simulation and analysis software market include Ansys, CD-adapco, Dassault Systèmes, LMS International, Mentor Graphics, and MSC Software. The global simulation and analysis software market are highly fragmented owing to the presence of numerous small and large vendors. However, it has been observed that the large PLM vendors have managed to capture a sizeable market share and are currently dominating this market. Several application-specific vendors and core simulation and analysis software vendors have forayed into the market, which in turn has intensified the level of competition.

A more detailed analysis is available in the Technavio report, Global Simulation and Analysis Software Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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