Global Computational Fluid Dynamics Market Size To Grow At 8.2% CAGR From 2022 to 2030

Global Computational Fluid Dynamics Market Analysis (2023 - 2030)

As per our research report, the global computational fluid dynamics market size is estimated to be growing at a CAGR of 8.2% from 2022 to 2030.

The COVID-19 pandemic had disrupted the global supply chain, which lead to disturbances in production activities in many countries. The outbreak of the COVID-19 pandemic led to flight cancellations, travel bans, and restrictions causing a massive slowing of the Computational Fluid Dynamics (CFD) market. In the first quarter of 2020, COVID-19 spread affected a large number of aspects of the Computational Fluid Dynamics (CFD) market owing to an unexpected halt in the production process and financial and manufacturing activities in various sectors. CFD simulations are used in designing ventilators and other respiratory equipment for treatment. Additionally, biomedical companies also utilize Computational Fluid Dynamics simulations to aid vaccine production. CFD simulation provides multiple approaches to model droplets or aerosols and their transport in space and time. By modelling the exhalation of droplets/aerosols from talking, coughing, and sneezing, Computational Fluid Dynamics simulations can show where these particles travel, how long they stay in the air, and what surfaces they impinge on. In the post-Covid world, where the need arises to sterilize and purify indoor spaces, Computational Fluid Dynamics simulations can help in designing purifying equipment.

The growing demand for computational fluid dynamics in the aerospace and aeronautics industries owing to the increased expenditure on technological advancements is propelling growth in the computational fluid dynamics market. The increase in the need for competitive and superior products in the automotive industry is majorly driving the global CFD market. Computational fluid dynamics is used in designing fuel systems, engine core compartments, external aerodynamics, cabin ventilation, submarines, and missiles. It helps manufacturers in the aerospace & defence industry lower product development cycles. The increasing demand for electric vehicles in the developed economies coupled with the growth and expansion of the automobile sector in the developing economies is primarily driving the market growth. The market perspective has steadily shifted toward emerging countries such as China, Brazil, South Korea, and India. The rise in outsourcing activities to emerging economies is boosting the manufacturing industry in these countries. Rising industrialization along with the widening of the scope for the application of computational fluid dynamics is likely to positively impact the growth rate of the market.

However, the low adoption of cloud-based deployment owing to security and privacy concerns is a key challenge in the growth of the Computational Fluid Dynamics market. Additionally, the poor design of CFD creates numerous issues for original equipment manufacturers and also for customers and suppliers which can negatively impact the market.

KEY MARKET INSIGHTS: 

• Based on Deployment Model, rapid development in cloud services has significantly increased the demand for data centres. Computation Fluid Dynamics workloads typically scale well on the cloud-based deployment model. Cloud-based deployment provides a quick way to deploy and turn around Computational Fluid Dynamics workloads at any scale without the need to own infrastructure. Cloud computing enables low-cost access to high-performance computing without much capital investment.
• Based on end-user, Computational Fluid Dynamics software application helps in analysing the flow, pressure distribution, and turbulence of liquids and gases, and their interaction with structures. It also predicts fluid flow, chemical reactions, mass transfer, and related phenomena. Computation Fluid Dynamics operates high-speed computers, and various numerical methods to simulate the flow of fluids which helps in detecting errors in design before proceeding to production. Computational Fluid Dynamics is used to design engine core compartments, fuel systems, cockpit, cabin ventilation, submarines, and missiles, and assess aerodynamics in the aerospace and defence industry. Computational Fluid Dynamics demand is estimated to rise significantly over the upcoming years as it helps different end-users in understanding the changes that result from the addition of new hardware.
• Based on the region, North America and Europe collectively dominate the global Computational Fluid Dynamics (CFD) Market and are anticipated to continue the dominance during the forecast period. This is attributed to the rising adoption of cloud-based computational fluid dynamics deployment models in the region. The high R&D investment in the aerospace & defence sector in the U.S. offers substantial growth opportunities to the Computational Fluid Dynamics market in the region. The Computational Fluid Dynamics (CFD) Market in the Asia Pacific is anticipated to register the highest growth rate during the forecast period owing to the increasing adoption of integrated computational fluid dynamics software and rapid expansion of the manufacturing sector in the region. China and India are poised to emerge as major contributors to the regional market. 
• Companies playing a leading role in the computational fluid dynamics market profiled in this report are Altair Engineering, Inc., ANSYS, Inc., Autodesk Inc., COMSOL AB., Hexagon AB, Convergent Science Inc., Dassault Systemes SE, ESI Group, PTC Inc., Tech Soft 3D, and Siemens AG are playing a pivotal role in the Global Computational Fluid Dynamics (CFD) Market.

MARKET SEGMENTATION: 

By Deployment Model

• Cloud-Based
• On-Premises

By End-User

• Automotive
• Electrical and Electronics
• Aerospace and Defence
• Industrial Machinery
• Material and Chemical Processing
• Energy
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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