NEWARK, Del, May 16, 2023 (GLOBE NEWSWIRE) -- Global computational fluid dynamics (CFD) market to reach a valuation of US$ 2,447 Million in 2023. Future Market Insights reports say that the market is expected to grow at an 8.78% CAGR from 2023 to 2033, anticipated to be valued at US$ 5,679.2 Million by the end of 2033.
The growth of the market can be attributed to rapid advancements in the motor vehicle, aerospace, and aeronautical industries. CFD is used to maintain several critical aircraft systems and components in these sectors. Several methods have been applied recently to the design of internal combustion engines, gas turbines, combustion chambers, and furnaces. Motor vehicle manufacturers are now routinely predicting drag forces, low-coil air flows, and the in-car environment with CFD, where, it is used to optimize engine cooling and fuel delivery systems. CFD can also predict the performance of new processes and designs prior to their production and implementation by becoming an integral part of the engineering analysis and design environment in several organizations.
Get an overview of the market from industry experts to evaluate and develop growth strategies. Get your sample report here @
https://www.futuremarketinsights.com/reports/sample/rep-gb-17222
Rising concerns regarding security and privacy concerns related to deployment models will pose a major challenge to the growth of the computational fluid dynamics market. Lack of awareness about computational fluid dynamics in underdeveloped economies will derail the market growth rate.
Increase in the need for competitive and superior products in the automotive industry and the requirement to develop finer quality products are considered to be the major drivers of the global computational fluid dynamics (CFD) market.
Lack of adoption of cloud-based solutions in defense and aerospace industries is one of the key challenges facing the global computational fluid dynamics (CFD) market.
North America is said to dominate the market region of the computational fluid dynamics (CFD) market followed by the Asia Pacific.
Key Takeaways:
- Sales of the global computational fluid dynamics (CFD) market expanded at a CAGR of 7.69% from 2018 to 2022.
- Asia Pacific market for global computational fluid dynamics (CFD) market is likely to grow at a CAGR of 5.2%.
- North American market for global computational fluid dynamics (CFD) market is likely to expand at a 33.15% share.
- Automotive in the computational fluid dynamics (CFD) market is expected to generate maximum demand for the global computational fluid dynamics (CFD) market.
- Cloud-based model in the computational fluid dynamics (CFD) market are expected to register maximum sales of the global computational fluid dynamics (CFD) market.
Competitive Landscape:
Some of the prominent players in the global market are:
- ESI Group
- COMSOL
- Numeca International
- Ansys
- EXA Corp.
- Aspen Tech.
Grow your profit margins – buy this report now at a discounted price @ https://www.futuremarketinsights.com/checkout/17222
Some of the important developments of the key players in the market are:
- In May 2023, ESI Group a leading simulation and virtual prototyping software provider for industries worldwide, has announced the launch of IC.IDO Weave. This innovative offering enables businesses to review complex product design virtually from a human-centric manufacturing perspective, eliminating the need for prototypes and physical try-out. IC.IDO Weave builds on the full potential of ESI Group's existing IC.IDO offers to create a novel approach in the industrial metaverse.
- In November 2022 – Aspen Technology, Inc. a global leader in industrial software, today announced the availability of its latest aspenONE® software release, V14. The new release delivers advanced intelligence and guidance capabilities that improve decision-making abilities and further boost operational excellence. In addition, V14 enables customers to accelerate sustainability projects with more than 100 sample models and to manage Scope 1 and 2 emissions for reducing carbon footprints
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global computational fluid dynamics (CFD) market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the computational fluid dynamics (CFD) market is segmented based on major By Deployment (On- precise model, Cloud-based model), By End-user (Automotive, Aerospace, Defense, Electronics, Energy), and by Regions (North America, Europe, Latin America, Asia Pacific, and Middle East & Africa)
Key Segments Profiled:
By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
By Deployment Model:
- On- precise model
- Cloud-based model
By End-user:
- Automotive
- Aerospace
- Defense
- Electronics
- Energy
Expand operations in the future - ask for a customized report @ https://www.futuremarketinsights.com/customization-available/rep-gb-17222
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End-Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-Use, 2023 to 2033
6.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033
Explore FMI’s Extensive Coverage in Industrial Automation Domain:
Crane Aftermarket Size: The crane aftermarket generated market revenue of US$ 7 Billion in 2023. The market is assessed to expand at a healthy CAGR of 6% over the forecast period, to attain market revenue of US$ 13.29 Billion by 2033.
Oil Filled Transformer Market Share: The oil filled transformer market is predicted to secure a valuation of US$ 39.41 Billion in 2023 and is estimated to rise to US$ 73.98 Billion by 2033. The market is anticipated to record a CAGR of 6.5% during the forecast period.
Industrial Gearbox Market Keytrends: According to FMI, the industrial gearbox market is expected to grow its revenue share from US$ 30.08 Billion in 2023 to US$ 47.16 Billion by 2033.
System on Module Market Overview: The system on module market is predicted to register a valuation of US$ 1.15 Billion in 2023, and is estimated to rise to US$ 4.65 Billion by 2033.
District Cooling Market Review: The district cooling market is expected to increase from US$ 29.2 Billion in 2023 to US$ 63.2 Billion by 2033, at an 8.0% CAGR from 2023 to 2033.
Industrial Safety Footwear Market Research: The industrial safety footwear market is set to thrive at a steady CAGR of 7.4% during the forecast period. The market holds a share of US$ 11.6 Billion in 2023 while it is anticipated to cross a value of US$ 23.6 Billion by 2033.
Stacker Crane Market Growth: The global stacker crane market size is estimated to reach US$ 1.1 Billion in the year 2023. Overall, sales of stacker cranes are projected to expand at a CAGR of 7.9%, totaling around US$ 2.4 Billion by 2033.
Busbars Market Forecast: The global busbars market was estimated to reach a value of US$ 18,169.6 Million in 2022. This reflected a marginal increase from the US$ 17,592.1 Million valuation that the market reached in 2021. From 2022 to 2032, the market is set to accelerate at a slow but steady 4.2% CAGR.
Industrial Motors Market Demand: The global industrial motors market was valued at US$ 653.0 Million in 2022. From 2022 to 2032, the market is projected to expand slowly at a CAGR of 3.5%.
Rockbreakers Market Analysis: The global rockbreakers market is valued at US$ 28,118.8 Million in 2023 and is projected to register significant growth at a CAGR of 6.1% to reach a market valuation of US$ 50,833.6 Million by the end of 2033.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
