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A CFD is compelling, non-intrusive, virtual modeling technique with powerful visualization capabilities which add to its advantages. CFD market can be segmented on the basis of applications such as automotive, aerospace, defense, electronics and energy. Increasing need for the expansion of competitive and superior products is one of the main drivers of the Global CFD market in the automotive industry. CFD is used to design fuel systems, external aerodynamics, engine core compartments, cabin ventilation, submarines and missiles. CFD helps aerospace and defense industry manufacturers to reduce product development cycles.
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The market prospective has steadily moved toward emerging nations such as South Korea, China, Brazil and India. The boost in outsourcing activities to emerging nations enhances the manufacturing industries. Attractiveness of open-source CFD software is the threat to the CFD market. The end-users have adopted open-source CFD software as cheaper alternatives rather than spending huge amount of money on gaining the commercial licenses. The requirement to develop finer quality products is one of the major growth drivers. A poor design creates numerous problems not only for original equipment manufacturers but also for customers and suppliers. One of the main challenges in the Global CFD market in the Defense and Aerospace industry is the lack of adoption of cloud-based solutions. Though a few vendors are offering the cloud-based model, numerous end-users are unwilling to adopt it.
North America and Europe is expected to acquire the largest share in the Global CFD market. The Asia-Pacific region is one of the rapid growing geography in the Global market due to the boom of manufacturing sector in the region. One of the emerging trends in the Asia-Pacific market is the growing implementation of integrated CFD software that can advance the efficiency of product progress cycles. Some of the large CFD vendors and product lifecycle management have started providing integrated CFD software with several other PLM tools to improve both the efficiency of product development cycles.