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The global computational fluid dynamics (CFD) market reached a value of US$ 2,109 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,428 Million by 2027, exhibiting at a CAGR of 8.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global computational fluid dynamics (CFD) market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on deployment model and end-user.
Breakup by Deployment Model:
Breakup by End-User:
Breakup by Region:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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$ 2299
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|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)|
The global computational fluid dynamics market was valued at US$ 2,109 Million in 2021.
We expect the global computational fluid dynamics market to exhibit a CAGR of 8.2% during 2022-2027.
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,
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
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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