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Computational Fluid Dynamics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Computational Fluid Dynamics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • February 2021
  • 112 pages
  • ID: 5783230
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global computational fluid dynamics (CFD) market reached a value of US$ 1,930 Million in 2020.

Computational fluid dynamics (CFD), is a scientific method of numerically analyzing fluid flow, heat transfer and other related phenomena. It utilizes applied mathematics, physics and computational software to visualize the effect of a gas or liquid on the object it flows past. CFD is a cost-effective method of testing product prototypes before their launch. Since its introduction in the 1980s, it has witnessed a range of developments which have enabled it to be used in different fields such as modeling and design, and research and development.

At present, the growth of the market can be attributed to rapid advancements in the aerospace and aeronautics industries. In these sectors, CFD is applied in the maintenance of numerous critical systems and components of an aircraft. For instance, it is used for optimizing engine cooling and fuel delivery systems. CFD can also predict the performance of new processes and designs before their production and implementation. Owing to this, it has become an integral part of the engineering analysis and design environment in several organizations. Looking forward, the analyst expects the global computational fluid dynamics (CFD) market to exhibit moderate growth during the next five years.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Deployment Model:
Cloud-Based Model
On-Premises Model

Market Breakup by End-User:
Automotive
Aerospace and Defense
Electrical and Electronics
Industrial Machinery
Energy
Material and Chemical Processing
Others

Market Breakup by Region:
Europe
Asia Pacific
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.

Key Questions Answered in This Report:
How has the global computational fluid dynamics market performed so far and how will it perform in the coming years?
What are the key regional markets in the global computational fluid dynamics industry?
What has been the impact of COVID-19 on the global computational fluid dynamics industry?
What is the breakup of the market based on the deployment model?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global computational fluid dynamics industry?
What are the key driving factors and challenges in the global computational fluid dynamics industry?
What is the structure of the global computational fluid dynamics industry and who are the key players?
What is the degree of competition in the global computational fluid dynamics industry?
What are the profit margins in the global computational fluid dynamics industry?

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