London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global CFD Market in Electrical and Electronics Industry 2015-2019, which is expected to grow at a CAGR of 15.67 percent during the period 2014-2019.
CFD software provides a collaborative product development cycle where the product developers and engineers can share knowledge with each other. It provides a platform where the product developers can interact with each other to resolve any problems in the nascent stage of the product development cycle. Several manufacturing companies prefer this collaborative product development cycle with CFD software, which helps to reduce the product development time and operating expenses.
“Manufacturers in the market seek to tackle intense competition by speeding up the product development process,” says Faisal Ghaus, Vice President of TechNavio.
“By enabling advanced design analysis capabilities, CFD solutions help manufacturers enhance the service life of products.”
Key Market Drivers
- Need to Develop Superior Quality Products
- Need for Advanced Design Analysis
- Collaborative Product Development
- Demand from Developing Economies
Key Market Trends
- Demand for Integrated Software
- Development of CFD for Mobile Devices
- Development of Next-generation Software
Key Market Vendors
- ANSYS, Inc.
- CD-adapco Group
- ESI Group SA
- Mentor Graphics Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
