USD 2067.93 million
Global CFD Market Size, Share, Growth Analysis, By End-User(Automotive, Aerospace and Defense), By Deployment Model(Cloud-Based Model, On-Premises Model), By Type(Software Subscription, Maintenance and Service) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2222 |
Region:
Global |
Published Date: February, 2024
Pages:
197
|
Tables:
92 |
Figures:
66
Global CFD Market Insights
Global CFD Market size was valued at USD 2067.93 million in 2021 and is poised to grow from USD 2249.49 million in 2022 to USD 4410.39 million by 2030, at a CAGR of 8.78% during the forecast period (2023-2030).
The market is currently undergoing a phase of moderate growth, primarily fueled by several key factors. One significant driver is the increasing demand for streamlined product design and optimization, reflecting a push towards more efficient solutions across industries.
Additionally, there's a rising awareness among the general populace regarding environmental concerns, fostering a greater emphasis on sustainable practices within businesses. This shift in mindset has contributed significantly to market growth. Furthermore, advancements in high-performance computing (HPC) and the widespread adoption of cloud-based solutions have played pivotal roles in driving innovation, offering scalable and efficient options that cater to evolving needs. This confluence of factors has contributed to the market's steady expansion, paving the way for transformative changes across various sectors.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Aerospace and Defense
Growth Rate
8.78% CAGR
Global CFD Market ($ Bn)
Country Share for North America Region (%)
Global CFD Market By End-User (%)
To get more reports on the above market click here to Buy The Report
Global CFD Market Segmental Analysis
The global CFD market is segmented into various major segments. Based on end-user, it is divided into automotive, aerospace and defense, electrical and electronics, industrial machinery, energy, material and chemical processing, others. Based on deployment model, it is divided into cloud-based model, on-premises model. Based on type the market is segmented as, software subscription, maintenance and service. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by End-User
The aerospace segment stands as a keystone in propelling the CFD market to new heights. Within aerospace, CFD plays an indispensable role in designing and optimizing aircraft components, engines, and overall aerodynamic profiles. Engineers and researchers extensively employ CFD simulations to meticulously analyze airflow around aircraft surfaces, engine combustion, and heat distribution, crucial for crafting more efficient, aerodynamically refined, and structurally resilient aircraft.
The automotive segment stands as a keystone in propelling the CFD market forward. CFD plays an integral role within the automotive industry, revolutionizing the design and development processes of vehicles. Engineers and designers leverage CFD simulations to meticulously analyze and optimize aerodynamics, combustion processes, and cooling systems within vehicles.
Analysis by Type
The software subscription segment stands as a pivotal driving force within the CFD market. This segment facilitates access to CFD software through subscription-based models, revolutionizing the way industries adopt and utilize these advanced simulation tools. Offering flexible and cost-effective access to cutting-edge CFD software, software subscription models enable businesses to leverage the latest updates, features, and functionalities without substantial upfront investments.
The maintenance segment plays a crucial role in sustaining and optimizing the functionality of Computational Fluid Dynamics (CFD) software within the market. This sector focuses on ensuring the continuous operation, support, and enhancement of CFD tools post-deployment. Maintenance services encompass a spectrum of activities, including software updates, bug fixes, technical support, and user assistance.
Global CFD Market By End-User, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global CFD Market Regional Insights
North America has emerged as a leader, securing the largest market share in CFD, attributed to several key factors. The region boasts a robust presence of pivotal industry players, fostering a competitive landscape conducive to technological advancements. Moreover, substantial investments in research and development (R&D) initiatives bolster innovation, propelling the evolution of CFD solutions. The high adoption rate of CFD across diverse industries within North America, spanning aerospace, automotive, energy, and more, stands as a driving force behind market expansion.
The Asia Pacific is witnessing an exponential surge in the CFD market, driven by the burgeoning expansion of key industries such as automotive, electronics, and energy. Countries such as China, Japan, and India are at the forefront, making substantial investments in CFD technologies to elevate their product development and manufacturing capabilities. This proactive approach is fostering innovation and efficiency across industries.
Global CFD Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global CFD Market Dynamics
Drivers
Technological Advancements
- The continuous progress in both CFD (Computational Fluid Dynamics) software and hardware represents a significant leap forward, notably in high-performance computing and cloud-based solutions. These advancements have significantly augmented simulation capabilities, empowering them to tackle increasingly complex scenarios with higher precision. The synergy between refined software algorithms and more potent hardware has unlocked new frontiers, enabling the execution of intricate and remarkably accurate simulations.
Restraints
Growing Concerns about Software and Data Privacy
- The issue of privacy surrounding CFD software stands as a substantial concern for vendors, significantly impacting the software's adoption by end-users. Heightened apprehensions regarding data security and privacy have been steadily escalating within the global market. The shift toward cloud-based models, adopted primarily for cost-saving measures by enterprises, introduces a notable challenge: limited control over data security. This paradigm raises significant cybersecurity concerns and accentuates worries regarding software piracy. Such apprehensions pose a critical threat to the market's stability and growth potential during the forecast period, potentially hindering widespread acceptance and adoption of CFD software among enterprises cautious about safeguarding their sensitive data and intellectual property.
Request Free Customization of this report to help us to meet your business objectives.
Global CFD Market Competitive Landscape
The competitive environment of the global CFD market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- ANSYS
- Siemens
- Dassault Systèmes
- PTC Inc.
- Altair Engineering
- NUMECA International
- Convergent Science
- Hexagon AB
- ESI Group
- Autodesk
Recent Developments
- On January 26, 2023, Ansys Inc. unveiled their newest iteration, Ansys 2023 R1, a cutting-edge simulation software suite tailored to advance CFD simulations significantly. This latest release introduces a spectrum of enhancements aimed at elevating the precision and efficiency of fluid dynamics analysis. Engineers now have the capability, courtesy of Ansys 2023 R1, to expedite the simulation of intricate products through novel cloud-based options and optimized utilization of multiple GPUs. Moreover, this release elevates the impact of simulation by seamlessly integrating support for collaborative, model-based systems engineering (MBSE) workflows, fostering enhanced teamwork and efficiency.
- On March 2, 2020, Siemens made waves with its latest iteration of Simcenter™ STAR-CCM+™ software, integrating AI-driven functionalities to augment CFD simulations' accuracy. This update introduced automatic coupled solver control, reducing setup time while simultaneously enhancing convergence speed—an innovation poised to revolutionize the efficiency of simulations. Siemens also debuted a groundbreaking feature within the realm of CFD codes: collaborative virtual reality (VR), enabling enriched team collaboration by immersing members in simulation results.
Global CFD Key Market Trends
- Industries are increasingly turning to CFD simulations as an integral part of their product design and optimization strategies. By leveraging CFD, companies can virtually test and fine-tune prototypes, significantly reducing the reliance on costly physical testing and experimentation. This shift not only expedites the product development cycles but also yields more efficient and economically viable designs. In today's fiercely competitive business landscape, the capability to swiftly iterate and perfect designs stands as a critical advantage. CFD empowers engineers and designers to meticulously analyze fluid dynamics, heat transfer, and other intricate physical phenomena, culminating in the creation of higher-performing products. Furthermore, amidst the growing emphasis on sustainability, CFD plays a pivotal role in crafting environmentally conscious designs by optimizing energy usage and curbing waste, thereby fueling its widespread adoption across diverse industries.
Global CFD Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global CFD marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The burgeoning demand and widespread application of computational fluid dynamics (CFD) across diverse end-user verticals, including automotive, aerospace and defense, electrical and electronics, industrial machinery, energy, material and chemical processing, among others, stand as pivotal factors fueling the robust growth of the CFD market. This surge in adoption finds its roots in various catalysts, notably the escalating use of electric vehicles and the rapid pace of industrialization witnessed in developing countries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2067.93 million |
| Market size value in 2031 | USD 4410.39 million |
| Growth Rate | 8.78% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global CFD Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global CFD Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global CFD Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global CFD Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global CFD Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global CFD Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global CFD Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 617-230-0741
