This industry research report outlines the market forecast for computational fluid dynamics (CFD) in industrial machinery until 2019. The research report discusses the market shares for APAC, Americas, and EMEA. The leading vendors analyzed by this report include ANSYS, CD-adapco, Dassault, Mentor Graphics, and Exa.
Technavio’s market research analysts estimate the global CFD in the industrial machinery sector, to grow at a CAGR of 11% between 2016 and 2020. The growing need to reduce product design time and cost drives the global CFD in the industrial machinery market. EMEA is the major revenue-contributing region in this market, accounting for 35% of the overall market share. The presence of several machine tool manufacturers, like DMG Mori Seiki, Schuler, and Trumpf in Germany and Georg Fischer in Switzerland, in EMEA is one of the major reasons for its highest share in the market.
The new market research report from Technavio provides a breakdown and analysis of the CFD segments by technology.
“Of late, the market is witnessing a surge in the demand for CFD embedded with CAD. Customers prefer to adopt embedded solutions as it reduces the product development cycle time and simultaneously increases its efficiency. It enables engineers and other stakeholders to participate in product development and improve the collective product design. CFD and CAD-embedded software enable engineers to work on a single geometry, whereby changes made in one application directly get updated in others,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
Several core and large vendors are developing CFD software specific to the end-user industries and application requirement. EXA, one of the leading CFD providers, as a part of the growth strategy, is focusing on providing application specific CFD. The applications management team of the company focuses more finding new applications for the customers and providing a solution through new simulation product. The availability of application specific CFD will lead to higher demand for CFD during the forecast period.
The key vendors in the global CFD in the industrial machinery sector include ANSYS, CD-adapco, Dassault, Mentor Graphics, and Exa. Some large product lifecycle management (PLM) and CFD vendors have started providing integrated CFD software to improve the efficiency and effectiveness of product development cycles. Many customers prefer this integrated software as it reduces the product development cycle time and increases its efficiency simultaneously.
A more detailed analysis is available in the Technavio report, Global CFD in the Industrial Machinery Sector 2015-2019.
We can customize reports by other regions and specific segments upon request.
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