DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mbb7ld/cfd_market_in_the) has announced the addition of the "CFD Market in the APAC Region 2015-2019" report to their offering.
The CFD market in APAC will grow at a CAGR of 14.65% over the period 2014-2019
CFD is a software application that helps end-users analyze the flow, turbulence, and pressure distribution of liquids and gases and their interaction with structures. It helps in predicting fluid flow, mass transfer, chemical reactions, and related phenomena. CFD uses high-speed computers, various numerical methods, and solvers to simulate the flow of fluids (gases and liquids). CFD finds wide applications in industries such as Automotive, Aerospace and Defense, Electrical and Electronics, and Energy.
One of the major trends is increased focus on application-specific CFD software. To meet the requirements of end-user industries, many core and large vendors are offering and developing 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.
According to the report, increased demand for CFD from discrete industries is one of the main growth drivers of the market. Discrete industries such as Automotive and Electrical and Electronics have huge demand for CFD software. These industries have a high growth rate in the APAC region. Another major driver is reduced time-to-market.
Further, the report states that one of the major challenges in the market is the threat of in-house software. The Defense sector and some large research institutes are developing CFD software with in-house developers and engineers.
- CD Adapco Group
- Mentor Graphics
Other Prominent Vendors
- Bentley Systems
- Dassault Systèmes
- ESI Group
- Flow Science
- Numeca International
For more information visit http://www.researchandmarkets.com/research/mbb7ld/cfd_market_in_the