The latest report by IMARC Group, titled “Computational Fluid Dynamics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global computational fluid dynamics (CFD) market reached a value of US$ 2,109 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,428 Million by 2027, exhibiting at a CAGR of 8.2% during 2022-2027.
Computational Fluid Dynamics (CFD) Market Overview:
Computational fluid dynamics (CFD) refers to a branch of fluid mechanics that utilizes numerical analysis, data structures, computational software, etc., in order to analyze and solve problems that involve fluid flow, heat transfer, and other related phenomena. It is a cost-effective method of testing product prototypes prior to their launch. Computational fluid dynamics is widely used in modeling, design, research and development (R&D), and other applications across countries, such as aerodynamics and aerospace analysis, hypersonics, natural science and environmental engineering, weather simulation, industrial system design and analysis, engine and combustion analysis, visual effects for film and games, biological engineering, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Computational Fluid Dynamics Market Trends:
The expanding aerospace and aeronautics sectors are among the key factors driving the computational fluid dynamics market. In line with this, the rising utilization of CFD in the maintenance of several critical systems and components of the aircraft and for optimizing engine cooling and fuel delivery systems is further catalyzing the market growth. Moreover, CFD can predict the performance of new processes and designs well before their production and implementation.
As a result, it has become an integral part of the engineering analysis and design segment in several organizations, which is also positively influencing the global market. Apart from this, the emerging trend of using high-speed supercomputers for more accurate solutions, to solve larger and more complex problems, and to improve the speed of complex simulation scenarios, such as transonic and turbulent flows, is anticipated to fuel the computational fluid dynamics market in the coming years.
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Key Market Segmentation Breakup by:
Breakup by Deployment Model:
- Cloud-Based Model
- On-Premises Model
Breakup by End-User:
- Aerospace and Defense
- Electrical and Electronics
- Industrial Machinery
- Material and Chemical Processing
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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