Computational Fluid Dynamics (CFD): Introduction
·
Computational
Fluid Dynamics (CFD) envisages the impact of flow of fluid on the
product throughout design, manufacturing, and end usage. The CFD software's
fluid flow analysis capabilities are used to optimize new equipment and design.
CFD enables end-users to simulate a product's real-world performance by
digitally prototyping its creation, allowing end-users to detect and rectify
mistaken designs before the manufacturing process. It also troubleshoots
existing installations.
·
CFD can predict fluid flow, chemical reactions, and mass transfer. CFD
uses various numerical methods, high-speed computers, and solvers to stimulate
the flow of liquids. CFD software is used in diverse industries such as
aerospace, automotive, electrical & electronics, defense, and energy.
·
CFD is compelling, non-intrusive, virtual modeling technique with
powerful visualization capabilities. This adds to its advantages.
Key Drivers and
Restraints of Computational Fluid Dynamics (CFD) Market
·
Increase in need for competitive and superior products in the automotive
industry is one of the major drivers of the global CFD market. CFD is used to
design fuel systems, external aerodynamics, engine core compartments, cabin
ventilation, submarines, and missiles. CFD helps aerospace and defense industry
manufacturers lower product development cycles.
·
The market prospective has steadily moved toward emerging countries such
as South Korea, China, Brazil, and India. Rise in outsourcing activities to
emerging countries is boosting the manufacturing industry in these countries.
·
End-users have adopted open-source CFD software as cheaper alternative
rather than spending significantly in acquiring commercial licenses
·
The requirement to develop finer quality products is one of the
major drivers of the global market
·
A poor design creates numerous issues not only for original equipment
manufacturers but also for customers and suppliers
·
Attractiveness of open-source CFD software is the threat to the CFD
market
·
Lack of adoption of cloud-based solutions in defense and aerospace
industries is one of the key challenges facing the global CFD market. A few
vendors offer the cloud-based model; however, many end-users are unwilling to
adopt it.
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Computational Fluid
Dynamics (CFD) Market: Segments
·
The global CFD market can be segmented based on deployment model,
end-user, and region
·
In terms of deployment model, the global CFD market can be bifurcated
into on-premises model and cloud-based model
·
Based on end-user, the global CFD market can be classified into
automotive, aerospace, defense, electronics, and energy
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COVID-19 Impact on
Computational Fluid Dynamics (CFD) Market
·
Emergence of the new COVID strain in many developed and developing
countries has adversely affected the health care infrastructure. Hospital
staff, medicines, oxygen beds, and ventilators are in short supply. Supply
chains are facing disruptions, leading to disturbances in production activities
in many countries. This is adversely affecting the global CFD market.
·
On January 30, 2020, the International Health Regulations Emergency
Committee of the World Health Organization (WHO) declared the Coronavirus
disease (COVID-19) outbreak a public health emergency of international
concern. Originating in China, the virus has spread to at least 213 countries
and territories around the world.
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North America and
Europe to Dominate Computational Fluid Dynamics (CFD) Market
·
In terms of geography, the global CFD market can be segmented into North
America, Latin America, Asia Pacific, Europe, and Middle East & Africa
·
North America and Europe are expected to account for major share of the
global CFD market during the forecast period
·
Asia Pacific is one of the rapidly growing regions of the global
market due to the expansion of the manufacturing sector in the region. Rise in
implementation of integrated CFD software that can advance the efficiency of
product progress cycles is one of the emerging trends of the market in Asia
Pacific. Some of the large CFD vendors have started providing integrated CFD
software with several other PLM tools to improve the efficiency of product
development cycles.
·
The CFD market in Middle East & Africa is estimated to expand at a
sluggish pace during the forecast period
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Key Manufacturers
Operating in Global Computational Fluid Dynamics (CFD) Market
·
The global CFD market was consolidated in 2020. Major players have
prominent presence in developed and developing countries. key manufacturers
operating in the global CFD market include:
o
ESI Group
o
COMSOL
o
Numeca International
o
Ansys
o
EXA Corp.
o
Aspen Tech.
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