Fort Collins, Colorado, April 15, 2024 (GLOBE NEWSWIRE) --
As countries acquire more advanced weapons systems and their military capabilities, the demand for computation fluid dynamics solutions will increase, as will the number of commercial airlines interested in improving fuel efficiency and passenger comfort. The demand for fuel-efficient vehicles also constitutes a driving factor for the computational fluid dynamics market. As governments worldwide continue to implement stringent emissions requirements, customers are increasingly purchasing more fuel-efficient cars, encouraging automakers to transition to computation fluid dynamics as a solution and allowing them to design vehicles to improve aerodynamics and minimize fuel consumption.
The growth of the computational fluid dynamics market is propelled by the escalating demand for sophisticated simulation tools across various industries, encompassing automotive, aerospace and defense, electrical and electronics, and healthcare. CFD employs advanced mathematical models and computer simulations to analyze fluid flow, heat transfer, and related phenomena. Engineers leverage a virtual simulation environment to refine product designs, forecast product performance, and assess intricate fluid interactions before physical prototyping. Key drivers of the computational fluid dynamics market include the increasing complexity of product designs, the imperative for accelerated time-to-market, cost reduction in development, and the attainment of optimized product performance.
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Segmentation Overview:
The computation fluid dynamics market has been segmented into deployment type, end-user, and region.
Automotive industry to witness a significant position in 2023
- Based on the end-user segmentation, automotive accounted for a significant position in 2023. The automotive industry uses CFD primarily in vehicle design optimization, improving aerodynamics, and emission reduction.
On-premise retained a significant position in 2023
- Based on the market segmentation by deployment, on-premise remains the largest sub-segment in 2023. This is because both aerospace & defense, and automotive companies prefer to leverage on-premise deployment to fully control computation fluid dynamics infrastructure and secure data.
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Computational Fluid Dynamics Market Report Highlights:
- The computational fluid dynamics market growth is anticipated at a CAGR of 6.8% by 2032.
- Computation fluid dynamics has witnessed huge adoption owing to the growth of the CFD market in the aerospace and defense sector.
- Asia Pacific is the fast-growing market for computational fluid dynamics in the forecast period attributed to rapid industrialization, and substantial investment in research and development.
- Some prominent players in the computational fluid dynamics market report include ANSYS Inc., Siemens AG, Autodesk Inc., Dassault Systèmes, Altair Engineering Inc., Hexagon AB (ESI Group), Convergent Science Inc., COMSOL Inc., Flow Science Inc., Mentor Graphics Corporation, CD-adapco, and OpenCFD Ltd.
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