Altair Engineering, Inc., ANSYS, Inc., Autodesk Inc., COMSOL AB., and Hexagon AB are the major players in the global market for computational fluid dynamics.
As per the analysis by Expert Market Research, the global computational fluid dynamics market is expected to grow in the forecast period of 2023-2028 at a CAGR of 11.70%, owing to the rapid advancements in the aerospace industry.
The numerical analysis of systems involving fluid flow, heat transport, and other related phenomena via computer-based simulation is known as computational fluid dynamics, or CFD. To visualise the impact of a gas or liquid on a fast-moving object, computational software, applied mathematics, and physics are used. Before a product is introduced to the market, prototypes can be tested using CFD.
The design, research, and production of aircraft and jet engines have used CFD techniques since the 1960s. Rapid technological advancements in the aerospace and aeronautical industries are responsible for the market's expansion. Several crucial aeronautical parts and components are maintained using computational fluid dynamics. For example, it is applied to the automation of fuel delivery and engine cooling systems. In the upcoming years, North America and Europe are anticipated to account for a significant share of the global computational fluid dynamics market.
The computational fluid dynamics market expansion can be attributed to the fast-paced developments in the aerospace, aviation, and automotive sectors. CFD is utilised in these sectors to maintain various important aircraft systems and parts. The design of internal combustion engines, gas turbines, combustion chambers, and furnaces have recently used a variety of CFD techniques.
Automakers today commonly use CFD to forecast drag forces, low-coil air flows, and interior climate. For example, it is used to improve fuel delivery and engine cooling systems. Prior to production and installation, CFD can forecast how new processes and designs will function. It has consequently evolved into a crucial component of the engineering analysis and design environment of many organisations.
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|Headquarters:||Pennsylvania, United States|
With the help of Ansys software, inventors from various industries have been able to push the limits of simulation's predictive potential. The next big steps in technology progress, from sustainable transportation to cutting-edge semiconductors, satellite systems and life-saving medical equipment, are supported by Ansys.
|Headquarters:||California, United States|
An American international software company called Autodesk, Inc. creates software for the media, education, entertainment, manufacturing, engineering, and construction sectors.
|Headquarters:||Massachusetts, United States|
COMSOL creates software for mathematical modelling to support new physics and engineering discoveries. In all areas of engineering, manufacturing, scientific research, designs, devices, and processes modelled using the COMSOL Multiphysics® simulation software is done. Both the Model Builder, which supports fully coupled multiphysics and single-physics modelling, and the Application Builder are leading solutions of the company. The latter allows for the conversion of models into simple simulation programmes.
With its headquarters in Stockholm, Sweden, Hexagon AB is a publicly traded international information technology company that specialises in hardware and software solutions for virtual reality. The business is mostly focussed on geospatial and industrial enterprise solutions.
|Headquarters:||Michigan, United States|
An American international software company called Altair Engineering, Inc. creates software for the media, education, entertainment, manufacturing, engineering, and construction sectors.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.