The global computational fluid dynamics (CFD) market size reached US$ 2,286.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,693.8 Million by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Computational fluid dynamics (CFD), is a scientific method of numerically analyzing fluid flow, heat transfer and other related phenomena. It utilizes applied mathematics, physics and computational software to visualize the effect of a gas or liquid on the object it flows past. CFD is a cost-effective method of testing product prototypes before their launch. Since its introduction in the 1980s, it has witnessed a range of developments which have enabled it to be used in different fields such as modeling and design, and research and development.
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At present, the growth of the market can be attributed to rapid advancements in the aerospace and aeronautics industries. In these sectors, CFD is applied in the maintenance of numerous critical systems and components of an aircraft. For instance, it is used for optimizing engine cooling and fuel delivery systems. CFD can also predict the performance of new processes and designs before their production and implementation. Owing to this, it has become an integral part of the engineering analysis and design environment in several organizations.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global computational fluid dynamics (CFD) market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on deployment model and end-user.
Breakup by Deployment Model:
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Cloud-Based Model
On-Premises Model
Breakup by End-User:
Automotive
Aerospace and Defense
Electrical and Electronics
Industrial Machinery
Energy
Material and Chemical Processing
Others
Breakup by Region:
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Europe
Asia Pacific
North America
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Deployment Model, End-User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global computational fluid dynamics market was valued at US$ 2,286.8 Million in 2022.
We expect the global computational fluid dynamics market to exhibit a CAGR of 8.1% during 2023-2028.
The growing adoption of CFD in the aerospace and defense sector for cost reduction, operational
efficiency, compliance standards, and resource management of numerous critical systems and
components, is currently driving the global computational fluid dynamics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end use sectors for
computational fluid dynamics, such as aerospace and aeronautics, industrial machinery, automotive,
etc.
Based on the deployment model, the global computational fluid dynamics market has been bifurcated
into cloud-based model and on-premises model. Currently, on-premises model accounts for the largest
market share.
Based on the end-user, the global computational fluid dynamics market can be divided into automotive,
aerospace and defense, electrical and electronics, industrial machinery, energy, material and chemical
processing, and others. Among these, the aerospace and defense industry currently holds the majority
of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where North America currently dominates the global market.
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