TechNavio today launched its report Global CFD Market in the Automotive Industry 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers and understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”The adoption of on-demand Computational Fluid Dynamics (CFD) solutions has been on the rise among small and medium-sized enterprises (SMEs) because purchasing entire software proved expensive for them. End-users are increasingly adopting on-demand CFD solutions. The growing popularity of cloud computing has forced several software developers to host their software on the cloud and the CFD market is no exception. Vendors are offering the cloud-based CFD software in the pay-per-use model because it considerably reduces the overall cost of the solution. Vendors offer CFD solutions on rent to target the SMEs and other micro industries that either cannot afford a whole CFD package or only have a temporary requirement for CFD. Thus, CFD solutions on rent can help companies perform this technique without having to invest much in the solution. This also helps to reduce the threat of software piracy.”
According to the report, automakers spend a lot of time designing the product. Using the CFD simulation technique, engineers would be able to design and analyze the component or system virtually, thus reducing the time involved in it. This enables them to rectify any flaws in the design and thus manufacture products with better quality in a faster time period.
Further, the report also discusses that one of the major challenges in the Global CFD market in the Automotive industry is the emerging threat from open source CFD software solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-cfd-market-automotive-industry-2011-…
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TechNavio Announces the Publication of its Report – Global CFD Market in the Automotive Industry 2011-2015
