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The global computational fluid dynamics market attained a value of USD 2.52 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 11.7% to reach USD 6.83 billion by 2032.
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The growth of the market can be attributed to rapid innovations in the aerospace and aeronautical industries. Computational fluid dynamics is used in the maintenance of various essential aerospace components and parts. For instance, it is used to automate engine cooling and fuel distribution systems. North America and Europe are projected to acquire the largest share in the global demand for computational fluid dynamics in the coming years.
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Computational fluid dynamics or CFD is the numerical analysis of systems involving fluid flow, heat transfer, and other associated phenomena by computer-based simulation. It uses applied mathematics, physics, and computational software to visualise the effect of a gas or liquid on a fast-flowing object. CFD is a cost-effective method of testing prototypes of products before they are launched. Since the 1960s, the aerospace industry has integrated CFD techniques into the design, R&D, and manufacturing of aircraft and jet engines.
The market can be broadly categorised based on deployment model:
The market can be broadly categorised based on its end uses into:
The EMR report looks into the regional markets of Europe, Asia Pacific, North America, Middle East and Africa, Latin America.
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The growth of the market can be attributed to rapid advancements in the motor vehicle, aerospace, and aeronautical industries. In these sectors, CFD is used to maintain several critical aircraft systems and components. Recently several methods have been applied to the design of internal combustion engines, gas turbines, combustion chambers, and furnaces. Whereas, motor vehicle manufacturers are now routinely predicting drag forces, low-coil air flows, and the in-car environment with CFD. For instance, it is used to optimise engine cooling and fuel delivery systems. CFD can also predict the performance of new processes and designs prior to their production and implementation. As a result, it has become an integral part of the engineering analysis and design environment in several organisations.
The report presents a detailed analysis of the following key players in the global computational fluid dynamics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Deployment Model |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global computational fluid dynamics market attained a value of nearly USD 2.52 billion.
The market is projected to grow at a CAGR of 11.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.83 billion by 2032.
The major market drivers include innovations in the aerospace and aeronautical sectors, advancements in motor vehicles, and the growing use of computational fluid to maintain critical aircraft components and systems.
The key trend guiding the growth of the market includes the rising demand of the product due to its ability to predict the performance of new processes and designs prior to their production and implementation, which is required in several organisations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major deployment models of the product in the market are cloud-based model and on-premises model.
The major end uses of the product are automotive, aerospace and defence, electrical and electronics, industrial machinery, energy, and material and chemical processing, among others.
The major players in the market are Altair Engineering, Inc., ANSYS, Inc., Autodesk Inc., COMSOL AB., and Hexagon AB, among others.
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