Authored By: Sarah
30 Sep 2023

Computational Fluid Dynamics (CFD) Market Size to Grow by $ 606.76 mn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the computational fluid dynamics (CFD) market and it is expected to grow by $ 606.76 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Computational Fluid Dynamics (CFD) Market: Receive Free Sample Report


Computational Fluid Dynamics (CFD) Market: Emerging Trends which will Impact Market Growth

High adoption of electric vehicles to emerge as a key trend in the industrial computational fluid dynamics (CFD) market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Computational Fluid Dynamics (CFD) Market Size to Grow by Nearly $ 607 Million through 2021-2025  

Computational Fluid Dynamics (CFD) Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL AB, Convergent Science Inc., Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

The computational fluid dynamics (CFD) market has the potential to grow by USD 606.76 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.33%.

This computational fluid dynamics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (aerospace and defense, automotive, electrical and electronics, and others) and geography (Europe, North America, APAC, South America, and MEA). The computational fluid dynamics market report also offers information on several market vendors, including Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL AB, Convergent Science Inc., Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG among others. View Free Sample Report

Computational Fluid Dynamics (CFD) Market: Reduction in product design time and cost to drive growth

One of the primary factors that will trigger the growth of the Computational Fluid Dynamics (CFD) Market size is the high adoption of electric vehicles . The adoption of electric vehicles is growing in Europe, the US, and PAC, mostly in China and Japan, driven by regulations on carbon emissions and environmental safety. This is encouraging vendors to develop developing new designs and multi-versed electric vehicles which require advanced and efficient CFD software.  Key players in the automotive industry have adopted ANSYS Fluent, a CFD software, to reduce the lead time across multiple projects, with the chief objective being the elimination of physical prototypes for testing and accepting an ANSYS product for virtual testing of vehicles.  

Computational Fluid Dynamics (CFD) Market Size to Grow by Nearly $ 607 Million through 2021-2025  

The growing shift towards cloud-based CFD is a major emerging trend expected to boost the global computational fluid dynamics market growth in the coming years. The cloud-based CFD approach does not need installation, IT system setups, license activation, and hardware shipping and setups, leading to their higher demand. Cloud-based systems also create guided workflows and constant online support to allow new adopters to familiarize themselves with features and gain experience quickly, leading to their higher acceptance.

Computational Fluid Dynamics (CFD) Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL AB, Convergent Science Inc., Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Computational Fluid Dynamics (CFD) Market Size to Grow by Nearly $ 607 Million through 2021-2025  

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio