TechNavio’s analysts forecast the Asia Pacific (APAC) Computational Fluid Dynamics (CFD) Software market to grow at a CAGR of 22.1 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the need for reliable and cost-effective products. The APAC CFD Software market has also been witnessing collaborative CFD techniques. However, the increasing adoption of open source CFD could hinder the growth of this market.
Key vendors dominating this market space include Ansys Inc., CD Adapco Ltd., and Mentor Graphics.
TechNavio’s Asia Pacific Computational Fluid Dynamics Software Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the APAC region and covers the current CFD Software market landscape and its prospects for growth. The report also includes a discussion on the vendors in the APAC CFD Software market.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Report HighlightsSimulation Techniques Driving Use of Computational Fluid Dynamics Software in the Asia Pacific
Research conducted by TechNavio reveals that the Computational Fluid Dynamics (CFD) Software market in the Asia Pacific (APAC) region is expected to grow at a CAGR of 22 percent. Technavio’s report, which focusses exclusively on the APAC region, indicates that the market is currently being being driven by the increasing use of simulation techniques among other factors.
“Several industries are adopting CFD instead of real-life modeling as it saves cost. It is expensive to test models in wind tunnels and other such environments. Hence, many industries also prefer to have validated CFD models built before designing a model for experimental purposes. The electronics, automotive, aerospace and defense industries are the major end-users of CFD and other simulation techniques,” reports a TechNavio analyst.
In spite of the demand for CFD software solutions in the APAC region, the lack of relevant expertise in developing countries is hindering the growth of this market. However, decreasing license costs are expected to drive the market. Moreover, the CFD Software market is witnessing the emergence of collaborative CFD templates.
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report, “Computational Fluid Dynamics Software Market in the Asia Pacific 2010–2014,” is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.
Companies mentioned in this report include: Ansys Inc., CD Adapco Ltd., and Mentor Graphics Corp.
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