Technavio, a tech-focused market research firm, has published a new report on the global CFD market in aerospace and defense industry, which is expected to experience a steady growth rate by posting an impressive revenue of more than USD 736 million during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global CFD market in aerospace and defense industry for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global CFD market in aerospace and defense industry into the following key regions: the Americas, APAC, and EMEA.
Geographical segmentation of the global CFD market in aerospace and defense industry for 2015 (market share %)
|
Americas |
38.88% |
|
EMEA |
34.12% |
|
APAC |
27.00% |
Source: Technavio
CFD market for the aerospace and defense industry in the Americas
In 2015, the Americas accounted for around 39% of the global CFD market in the aerospace and defense industry. The US, Canada and Brazil are the key revenue generators of the region. The Americas is home to major companies in the aerospace and defense industry, with many R&D centers that adopt CFD solutions. The presence of NASA in the Americas further propels growth in CFD market globally, as NASA is one of the major players in the development of CFD codes. The aerospace and defense industry in Canada comprises of more than 350 companies including many OEMs and suppliers, which mostly focuses on commercial aircraft. The growing demand for aerospace and defense products in the emerging nations provides a positive market potential for the export of aerospace and defense components and products.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on product lifecycle management, “The aerospace and defense industry in Canada is focused on the concept of green aerospace technology. CFD tools are extensively used in the process of producing fuel-efficient aerospace and defense products. It is expected that the increase in the R&D process in green aerospace technology will boost the demand for CFD tools in Canada during the forecast period.” Click here to request a free sample of this report
CFD market for the aerospace and defense industry in EMEA
The presence of key vendors in the aerospace and defense industry in EMEA with large R&D centers that are the core adopters of CFD solutions makes EMEA one of the major contributor to the CFD market in aerospace and defense industry. Spain, UK, Italy, Germany, and France are the key revenue generators of the region. European space agency is the major end-user of CFD software in EMEA. Apart from this, there are projects, such as experiments and studies involving large hadron colliders under CERN (the European Organization for Nuclear Research), across Europe where CFD is used. In the Middle East, Saudi Arabia, UAE, and Israel are the major contributors to the growth of CFD market in aerospace and defense industry. Israel has an established defense system and highly sophisticated aircraft. The country exports many of its defense products to overseas markets and is one of the major players in the world in terms of defense equipment R&D. In Africa, South Africa is one of the major players in the CFD market in aerospace and defense industry. The absence of government support and lack of capital for investment have hindered the growth of this industry in South Africa.
CFD market for the aerospace and defense industry in APAC
China, India, and Japan are the major contributors of the APAC region in CFD market in aerospace and defense industry. CFD is widely used in the R&D of military equipment and aircraft and China is second to US in terms of military expenditure. This makes China one of the major countries that boost growth in the CFD market in aerospace and defense industry in APAC. The aerospace and defense industry in China is growing moderately due to the introduction of several development programs such as the C-919 single-aisle commercial air transport program by the Commercial Aircraft Corporation of China. The country is planning to design and develop its own Global Navigation Satellite System named the Beidou Navigation Satellite System, thus, eliminating the need to depend on GPS from the US and GLONASS from Russia.
In India, the CFD market is growing at a steady rate due to the growth of the aerospace and defense industry and is the fifth largest investor for the defense sector worldwide. HAL is the main end-user in the aerospace and defense industry in India and is one of the largest defense companies in the world. The improved focus of the government on the defense and aerospace industry will drive the market for CFD in the industry. The other key contributor, Japan is a major supplier of aircraft parts to most areas of the world with Japan Aerospace Exploration Agency (JAXA) as the major end-users of the CFD market.
The top leading vendors operating in the global CFD market industry are:
- ANSYS
- Siemens PLM Software
- 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 in Aerospace and Defense Industry 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Cloud CFD Market 2016-2020
- Global CFD Market 2016-2020
- Global PLM Market in the Aerospace and Defense Sector 2016-2020
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