Computational Fluid Dynamics Market
Computational Fluid Dynamics Market Size, Share & Trends Analysis Report by Deployment Mode (On Premises and Cloud), and by End-User (Automotive, Aerospace and Defense, Electrical and Electronics, Industrial Machinery, Energy, Material and Chemical Processing, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Computational fluid dynamics market is anticipated to grow at a CAGR of 8.4% during the forecast period. The rising demand for computational fluid dynamics from various end-user industries due to the increasing automation is a key factor driving the growth of the global market growth. Reduction in product design time and cost has created the demand for the computational fluid dynamics market growth.
The computational fluid dynamics software aids in time management by reducing the product development cycle and testing time and increasing the speed of the product design cycle. Its usage yields products that are reliable and cost-effective while taking less analysis time and eliminating the need to develop multiple physical prototypes. For instance, Steel Authority of India Limited (SAIL), a leading steel-making company in India, uses the ANSYS Fluent Software to reduce the cost of plant-scale experiments and testing. Such instances are anticipated to drive the market growth. The growing concerns regarding software and data privacy may restrain the computational fluid dynamics market growth.
Segmental Outlook
The global computational fluid dynamics market is segmented based on deployment mode and end-user. Based on deployment mode, the market is segmented into on-premises and cloud. Cloud-based mode is anticipated to exhibit a considerable growth during forecast period. Low cost and easy accessibility are the key motivators for the selection of this deployment mode, which in turn is driving the market demand. Further, based on end-user, the market is sub-segmented into automotive, aerospace and defense, electrical and electronics, industrial machinery, energy, material and chemical processing, and others.
Aerospace & Defense to Hold a Significant Share of the Global Computational Fluid Dynamics Market
Based on end-user, the aerospace & defense sub-segment is expected to hold a considerable share of the global market. Computational fluid dynamics is used in the maintenance of various essential aerospace components and parts. Such as, it is used to automate engine cooling and fuel distribution systems. It is also used to reduce the amount of physical testing that must be done to validate a design and measure its performance. Additionally, it is also used to predict the drag, lift, noise, structural, and thermal loads, combustion, performance in aircraft systems and subsystems. Therefore, rapid innovations in the aerospace and aeronautical industries are expected to drive this market segment.
Merely all electronics such as heatsinks, vents, fans, thermal components, or a combination require some form heat management due to chips such as GPUs and CPUs that can begin to malfunction as they overheat. These components requires to be kept relatively cool to maintain performance (usually under 85°C). Computational fluid dynamics simulation can be used to test and organize the most ideal placement of components to ensure sensitive chips don’t overheat. The growing usage of computational fluid dynamics in electronic industry is expected to drive the growth of the electrical & electronics segment.
Regional Outlooks
The global computational fluid dynamics market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, the Asia-Pacific market is anticipated to cater to a considerable growth over the forecast period. Growing automobile and electronic industry among the region is a key contributor to the regional market growth. According to the Invest India, the domestic production of electronic items has increased from $49 billion in 2016-2017 to $87.1 billion in 2021-2022, growing at a CAGR of 15.0%. Furthermore, India’s electronics production is expected to reach $300 Billion by 2026.
Global Computational Fluid Dynamics Market Growth, by Region 2023-2030
North America to Hold a Considerable Share of the Global Computational Fluid Dynamics Market
Among all regions, North America is expected to hold a considerable share of the global computational fluid dynamics market. In North America, the US held a major market share. The presence of key market players in the country along with growing investment in R&D in artificial intelligence (AI) technology is a key factor driving the growth of the regional market. Ongoing researches in regional universities such as University of Illinois System to find out the potential usage of computational fluid dynamics are going to lead the regional market growth. The presence of advanced manufacturing, automotive, and aerospace industries in the US and the high spending on defense aircraft by the US government are expected to promote the regional market growth.
Market Players Outlook
The key players in the computational fluid dynamics market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Altair Engineering Inc., Dassault Systèmes, Siemens AG, Convergent Science, and Hexagon AB among others. For instance, in July 2020, the simulations of computational fluid dynamics are used to designs NASA’s next-generation space launch vehicles. It supports in characterizing aerodynamics performance, which provides distributed line loads and pressure signatures on the vehicle for structural analysis, performing stage separation analysis, and predicting the launch environment during the ignition and takeoff.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global computational fluid dynamics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Altair Engineering Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Dassault Systèmes
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Siemens AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Convergent Science
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Hexagon AB
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Computational Fluid Dynamics Market Deployment Mode
4.1.1. Cloud
4.1.2. On-Premises
4.2. Global Computational Fluid Dynamics Market by End-User
4.2.1. Electrical and Electronics
4.2.2. Aerospace & Defense
4.2.3. Electrical and Electronics
4.2.4. Industrial Machinery
4.2.5. Material & Chemical Processing
4.2.6. Others (Energy)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Ansys, Inc.
6.2. Autodesk, Inc.
6.3. Bentley Systems Inc.
6.4. BeyondMath Ltd.
6.5. Cadence Design Systems, Inc.
6.6. COMSOL AB
6.7. CPFD Software LLC
6.8. ESI Group
6.9. Flow Science Inc.
6.10. Fluidyn France, SARL
6.11. PTC Inc.
6.12. SimScale GmbH
6.13. Stymer Technologies Pvt. Ltd.
6.14. Synopsys Inc.
6.15. The MathWorks Inc.
1. GLOBAL COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS DEPLOYMENT MODE,2022-2030 ($ MILLION)
2. GLOBAL CLOUD-BASED COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL ON-PREMISES COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
5. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR ELECTRICAL AND ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBALCOMPUTATIONAL FLUID DYNAMICS FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR ELECTRICAL AND ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR INDUSTRIAL MACHINERY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR ENERGY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR MATERIAL AND CHEMICAL PROCESSING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. NORTH AMERICAN COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. NORTH AMERICAN COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS DEPLOYMENT MODE, 2022-2030 ($ MILLION)
15. NORTH AMERICAN COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
16. EUROPEAN COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. EUROPEAN COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS DEPLOYMENT MODE, 2022-2030 ($ MILLION)
18. EUROPEAN COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
19. ASIA-PACIFIC COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. ASIA-PACIFIC COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS DEPLOYMENT MODE, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
22. REST OF THE WORLD COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. REST OF THE WORLD COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS DEPLOYMENT MODE, 2022-2030 ($ MILLION)
24. REST OF THE WORLD COMPUTATIONAL FLUID DYNAMICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL COMPUTATIONAL FLUID DYNAMICS MARKET SHARE DEPLOYMENT MODE, 2022 VS 2030 (%)
2. GLOBAL CLOUD-BASED COMPUTATIONAL FLUID DYNAMICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL ON-PREMISES COMPUTATIONAL FLUID DYNAMICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL COMPUTATIONAL FLUID DYNAMICS MARKET SHARE BY END-USER, 2022 VS 2030 (%)
5. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR ELECTRICAL AND ELECTRONICSMARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR ELECTRICAL AND ELECTRONICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR INDUSTRIAL MACHINERY MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR ENERGY MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR MATERIAL AND CHEMICAL PROCESSING MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL COMPUTATIONAL FLUID DYNAMICS FOR OTHER MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL COMPUTATIONAL FLUID DYNAMICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. US COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
15. UK COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD COMPUTATIONAL FLUID DYNAMICS MARKET SIZE, 2022-2030 ($ MILLION)
