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Press Release:

Global Computational Fluid Dynamics Market to Reach US$ 3,693.8 Million by 2028, Stimulated by Expanding Applications

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Computational Fluid Dynamics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Computational Fluid Dynamics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Deployment Model
    5.5    Market Breakup by End-User
    5.6    Market Breakup by Region
    5.7    Market Forecast
6   Market Breakup by Deployment Model
    6.1    Cloud-Based Model
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    On-Premises Model
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by End-User
    7.1    Automotive
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Aerospace and Defense
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Electrical and Electronics
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Industrial Machinery
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Energy
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Material and Chemical Processing
        7.6.1    Market Trends
        7.6.2    Market Forecast
    7.7    Others
        7.7.1    Market Trends
        7.7.2    Market Forecast
8   Market Breakup by Region
    8.1    Europe
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Asia Pacific
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    North America
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: Global: Computational Fluid Dynamics Market: Major Drivers and Challenges
Figure 2: Global: Computational Fluid Dynamics Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Computational Fluid Dynamics Market: Breakup by Deployment Model (in %), 2022
Figure 4: Global: Computational Fluid Dynamics Market: Breakup by End-User (in %), 2022
Figure 5: Global: Computational Fluid Dynamics Market: Breakup by Region (in %), 2022
Figure 6: Global: Computational Fluid Dynamics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 7: Global: Computational Fluid Dynamics Industry: SWOT Analysis
Figure 8: Global: Computational Fluid Dynamics Industry: Value Chain Analysis
Figure 9: Global: Computational Fluid Dynamics Industry: Porter’s Five Forces Analysis
Figure 10: Global: Computational Fluid Dynamics (Cloud-Based Model) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Computational Fluid Dynamics (Cloud-Based Model) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Computational Fluid Dynamics (On-Premises Model) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Computational Fluid Dynamics (On-Premises Model) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Computational Fluid Dynamics (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Computational Fluid Dynamics (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Computational Fluid Dynamics (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Computational Fluid Dynamics (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Computational Fluid Dynamics (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Computational Fluid Dynamics (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Computational Fluid Dynamics (Industrial Machinery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Computational Fluid Dynamics (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Computational Fluid Dynamics (Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Computational Fluid Dynamics (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Computational Fluid Dynamics (Material and Chemical Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Computational Fluid Dynamics (Material and Chemical Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Computational Fluid Dynamics (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Computational Fluid Dynamics (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Europe: Computational Fluid Dynamics Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Europe: Computational Fluid Dynamics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia Pacific: Computational Fluid Dynamics Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia Pacific: Computational Fluid Dynamics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Computational Fluid Dynamics Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Computational Fluid Dynamics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Middle East and Africa: Computational Fluid Dynamics Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Middle East and Africa: Computational Fluid Dynamics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Latin America: Computational Fluid Dynamics Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Latin America: Computational Fluid Dynamics Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables

Table 1: Global: Computational Fluid Dynamics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Computational Fluid Dynamics Market Forecast: Breakup by Deployment Model (in Million US$), 2023-2028
Table 3: Global: Computational Fluid Dynamics Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 4: Global: Computational Fluid Dynamics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Computational Fluid Dynamics Market Structure
Table 6: Global: Computational Fluid Dynamics Market: Key Players


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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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