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
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.
Contact:
Ludmila Berkesova
Program Manager
Technavio
8 Wimpole Street
W1G 9SP London
United Kingdom
Tel: 0044 (0)207 367 2456
Fax: 0044 (0)845 280 2825
