Increasing Demand from Discrete Industries Will Help the CFD Market in the APAC Region Thrive Through 2019: TechNavio

LONDON--()--TechNavio has announced the publication of a new market research report on the CFD Market in the APAC Region, which is expected to grow at a CAGR of 14.65 percent from 2014-2019.

About the Report

According to the latest report by TechNavio, there is increased demand for computational fluid dynamics (CFD) from discrete industries. The CFD Market in the APAC region depends heavily on discrete industries like automotive, electrical & electronics, and aerospace & defense for growth and development.

“Most discrete manufacturing industries depend on CFD tools for effective and efficient product development,” says Faisal Ghaus, Vice President of TechNavio.

“Industries like consumer packaged goods and apparel have begun adopting CFD tools, which is expected to boost the market in the coming years.”

The latest report by TechNavio emphasizes the growing focus on application-specific CFD software. Every industry has unique and customized process functions, which has led to increased demand for special-purpose CFD software, which is less expensive than general-purpose CFD software.

“The market has witnessed huge demand for application-specific and industry-specific CFD software during the forecast period and, therefore, many vendors are expected to enter the market with special-purpose software in the near future,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Increased Demand from Discrete Industries
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Focus on Application-specific CFD Software
    • For a full detailed list, view our report.
  • Key Vendors:
    • ANSYS Inc.
    • CD-adapco Group
    • Mentor Graphics Inc.
  • Other Prominent Vendors:
    • AspenTech
    • Autodesk
    • Bentley Systems
    • COMSOL

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the CFD market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
media@technavio.com
www.technavio.com

Release Summary

TechNavio has announced the publication of a new market research report on the CFD Market in the APAC Region, which is expected to grow at a CAGR of 14.65 percent from 2014-2019.

Contacts

TechNavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
media@technavio.com
www.technavio.com