Computational Fluid Dynamics Market 2018-2022 | Increase in Digital Manufacturing to Boost Growth | Technavio

Technavio has published a new market research report on the global CFD market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global computational fluid dynamics market is expected to post a CAGR of over 9% over the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the growing need to decrease product development time. Industries are implementing computational fluid dynamics (CFD) software in their product development system due to the need for technological advances and providing quality products within a shorter span of time to gain a competitive edge in the market.

This market research report on the global CFD market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the increase in digital manufacturing as one of the key emerging trends in the global CFD market:

Global CFD market: Increase in digital manufacturing

The automotive industry is rapidly moving toward industry 4.0 and adopting digital technologies such as IoT, Big Data analytics, artificial intelligence, advanced robotics, 3D printing, and cloud computing, thereby opening new possibilities in the manufacturing industry. With the rise in digital manufacturing, manufacturers can efficiently create a 3D simulation of a product before its production an analyze different variants to meet specific requirements.

“Precision in product designing ad analysis helps manufacturers gain profit by reducing the after-production product complications. Vendors engaged in digital manufacturing are taking necessary initiatives to develop technologies for providing a unified platform for managing PLM and manufacturing execution systems,” says a senior analyst at Technavio for research on product lifecycle management.

Global CFD market: Segmentation analysis

This market research report segments the global CFD market by end-user (aerospace and defense, automotive, electrical and electronics, and other industries) and by geographical regions (APAC, EMEA, and the Americas).

In 2017, the aerospace and defense segment dominated the market with a market share of close to 41%, followed by the automotive industry and the electrical and electronics industries respectively. The automotive industry is expected to witness the maximum increase in its market share over the forecast period.

The Americas led the market with the largest share in 2017, accounting for 39% of the market followed by EMEA and APAC. Although APAC held the smallest share of the market it is expected to witness the maximum increase in its market share over the forecast period. A decline in the market share of the Americas is anticipated owing to the growing dominance of APAC in the global CFD market.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global computational fluid dynamics market is expected to post a CAGR of over 9% over the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com