TechNavio’s analysts forecast the Global Computational Fluid Dynamics (CFD) Software for Automotive market to grow at a CAGR of 18 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the increasing demand from the Manufacturing industry for CFD software to create reliable and functional products. The Global CFD Software for Automotive market has also been witnessing the emergence cloud-based CFD Software. However, the increasing threat of open source CFD software could pose a challenge to the growth of this market.
Key vendors dominating this market space include Ansys, CD Adapco, Mentor Graphics, and Exa Corp.
TechNavio’s Global Computational Fluid Dynamics – Automotive 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 Americas, the EMEA, and the APAC regions; it also covers the market landscape and growth prospects of the Global CFD Software for Automotive market. The report also includes a discussion on the major vendors providing CFD Software in the Automotive 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 HighlightsComputational Fluid Dynamics Software Reducing Cost of Automobile Production
Research conducted by TechNavio reveals that the Computational Fluid Dynamics (CFD)Software market in the Automotive industry is expected to grow at a CAGR of 18 percent. Technavio’s report, which examines the Americas, EMEA, and APAC regions, indicates that the market is currently being driven by the cost reductions brought about by this technology.
“The cost of production is an important factor that affects the profit margin of any company. However, the Automobile industry is one of the most cost-sensitive industries in this regard. Analysis of CFD simulation results helps in early detection of possible errors that may occur during the development of a product. This has a significant impact on the development costs associated with the production of automobiles,” reports a TechNavio analyst.
In spite of the demand for CFD software in the Automotive industry, the lack of support services is hindering the growth of this market. However, the falling costs of CFD licenses are expected to boost demand. Moreover, the Global CFD Software market is witnessing the integration of the design process with CFD simulation techniques.
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, “Global Computational Fluid Dynamics Software Market in the Automotive Industry 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., Mentor Graphics Corp., and EXA Corp.
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