London, 05 February 2015 – TechNavio has announced the publication of a new market research report on the CFD Market in the APAC Region, which is expected to grow at a CAGR of 14.65 percent from 2014-2019.
About the Report
According to the latest report by TechNavio, there is increased demand for computational fluid dynamics (CFD) from discrete industries. The CFD Market in the APAC region depends heavily on discrete industries like automotive, electrical & electronics, and aerospace & defense for growth and development.
“Most discrete manufacturing industries depend on CFD tools for effective and efficient product development,” says Faisal Ghaus, Vice President of TechNavio.
“Industries like consumer packaged goods and apparel have begun adopting CFD tools, which is expected to boost the market in the coming years.”
The latest report by TechNavio emphasizes the growing focus on application-specific CFD software. Every industry has unique and customized process functions, which has led to increased demand for special-purpose CFD software, which is less expensive than general-purpose CFD software.
“The market has witnessed huge demand for application-specific and industry-specific CFD software during the forecast period and, therefore, many vendors are expected to enter the market with special-purpose software in the near future,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Demand from Discrete Industries
- For a full detailed list, view our report.
Market Challenges:
- Threat of In-house Software
- For a full detailed list, view our report.
Market Trends:
- Focus on Application-specific CFD Software
- For a full detailed list, view our report.
Key Vendors:
- ANSYS Inc.
- CD-adapco Group
- Mentor Graphics Inc.
Other Prominent Vendors:
- AspenTech
- Autodesk
- Bentley Systems
- COMSOL
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
