According to the latest market research study released by Technavio, the global CFD market is expected to grow at a CAGR of close to 10% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global CFD market based on end-users:
Global CFD Market share by end-user (2015)
|
Aerospace and defense industry |
40.99% |
|
Automotive industry |
30.27% |
|
Electrical and electronics industries |
13.20% |
|
Others |
15.55% |
Source: Technavio
The top three revenue-generating end-user segments are discussed below:
CFD in aerospace and defense industry
The aerospace and defense industry is the largest segment in the market accounting for around 41% of the total market share. CFD is used to design external aerodynamics, fuel systems, core engine compartments, missiles, cockpit and cabin ventilation in aircraft manufacturing. The CFD codes use bypass ratio while designing the turbine engines and in increasing fan efficiency by reducing the fuel consumption of the aircraft.
“Major vendors like Boeing, Lockheed Martin, United Technologies, General Dynamics, and Bombardier Aerospace are focusing on R&D efforts to implement CFD designs in aircraft manufacturing. The manufacturers are investing several technologies, software, and CFD solutions that assist in the development and design of more fuel-efficient and high-performance aircraft,” says Amrita Choudhury, a lead analyst at Technavio for research on enterprise applications.
CFD in automotive industry
The automotive industry occupied around 30% of the total market share in 2015. The increasing demand for sophisticated technologies by customers has augmented the growth of the CFD market. The key application areas of CFD technology in automobiles is in the design and development of interior/exterior features. For instance, improvements in the safety features of vehicles such as enhanced night vision with pedestrian detection and automatic high beam control. The increasing sales of automobiles and commercial vehicles have raised the requirement for fuel efficiency. Some techniques like enhanced fuel injection technology and fuel-efficient engine designs have been implemented with CFD designs.
These solutions provide a better understanding of all automotive components that interact with fluids like lubricants, fuel, water, coolants, and exhaust gasses and provide accurate prediction and analysis. Also, it is used to boost interior climate control systems by deploying human body thermoregulatory model that adapts climate control systems within the car according to the preference of the drivers.
CFD in electrical and electronics industry
CFD analysis helps in designing electronics components that are more sensitive to heat and pressure variations. This method is used for conducting mechanical stress analysis and structural analysis which examines the heat transfer and losses in electrical machines like generators and electrical engines. Moreover, with the introduction of electric vehicles, these techniques help examine temperature distribution analysis in battery modules and conduct battery pack cooling simulations. CFD solutions are extensively used for the optimization of the heat flows within an IC package and designing printed circuit board. The current trend of miniaturization in the electronic industry will help in the evolution of the CFD market during the forecast period.
The top leading vendors operating in the global CFD market are:
- ANSYS
- CD-Adapco
- Mentor Graphics
Other prominent vendors in the market include Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, and Symscape.
A more detailed analysis is available in the Technavio report titled, ‘Global CFD Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Cloud CFD Market 2016-2020
- Global Computational Fluid Dynamics (CFD) Market 2015-2019
- Global CFD Market in the Automotive Industry 2015-2019
- Global CFD Market in the Electrical and Electronics Industry 2015-2019
- Global CFD Market in the Industrial Machinery Sector 2015-2019
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