TechNavio today launched its Global Computational Fluid Dynamics (CFD) Market report based on an in-depth study covering the Americas and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Engineering Services team said, Decreasing product development time and cost is one of the major drivers for the market. The global market is growing at a medium pace and this is especially influenced by the Manufacturing, Automotive, Electronics, and Semiconductor industries. This has increased the need for shorter product development cycles to compete effectively in a competitive business environment. CFD software enables OEMs to undertake a comprehensive analysis of an end product in a shorter time period through a simulation or a virtual interface.
According to the report, CFD vendors are collaborating among themselves in order to integrate their deliverables into a new efficient product. The recent partnership of Flow Science with CEI Inc. aims to provide a better 3D visualization tool for the simulation software of Flow Science. This trend enables CFD vendors to concentrate on their core strengths during the R&D process and integrate with other products to offer additional features and applications.
The report also reveals that one of the major challenges in this market is the low availability of application-specific solution packages.
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-computational-fluid-dynamics-market-…
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TechNavio Announces the Publication of its Report “ Global Computational Fluid Dynamics Market 2011“2015
