Technavio Announces the Publication of its Research Report Global
CFD Market in Aerospace and Defense Industry 2016-2020
Technavio recognizes the following companies as the key players in the global CFD market in aerospace and defense industry: ANSYS, Siemens PLM Software, and Mentor Graphics.
Other Prominent Vendors in the market are: Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, and Symscape.
Commenting on the report, an analyst from Technavio’s team said: “Growth of R&D in SMEs in aerospace and defense industry is the major trend gaining traction in this market. Though the market sizes of the emerging SMEs are lesser compared with larger companies, their achievements in the past two to three years has helped them increase their contribution in the aerospace and defense industry.”
According to the report, CFD plays a major role in the defense sector, as it helps in designing aerospace vehicles such as launch vehicles, combat and non-combat aircraft, missiles, and also in the designing of submarines. CFD is used for stimulating aerodynamic loads, stability derivatives, air flow analysis, flow measurement analysis, and store trajectory analysis.
Technavio recognizes the following companies as the key players in the global CFD market in aerospace and defense industry: ANSYS, Siemens PLM Software, and Mentor Graphics.
Other Prominent Vendors in the market are: Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, and Symscape.
Commenting on the report, an analyst from Technavio’s team said: “Growth of R&D in SMEs in aerospace and defense industry is the major trend gaining traction in this market. Though the market sizes of the emerging SMEs are lesser compared with larger companies, their achievements in the past two to three years has helped them increase their contribution in the aerospace and defense industry.”
According to the report, CFD plays a major role in the defense sector, as it helps in designing aerospace vehicles such as launch vehicles, combat and non-combat aircraft, missiles, and also in the designing of submarines. CFD is used for stimulating aerodynamic loads, stability derivatives, air flow analysis, flow measurement analysis, and store trajectory analysis.
Further, the report states that there are many small and big challenges,
which must be addressed by the CFD vendors in the aerospace and defense industry.
One of the major challenges is that simulation activities using current CFD algorithms
are expensive. The inability of CFD to predict turbulent flows accurately and slower
mesh generation remain a major challenge in the CFD industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About CFD market in aerospace and defense industry:
CFD is a tool that analyzes the flow, pressure distribution, turbulence, liquid-gas interaction with structures. It is the science of predicting fluid flow, chemical reactions, mass transfer, and related phenomenon. The CFD technology uses computers, data of fluid viscosity, computational methods, and fluid flow rates to analyze the flow of fluids. CFD is mostly used in the automotive, aerospace and defense, electronics and semiconductor, and energy industries for studies related to thermal, acoustic, and air turbulence.
Technavio’s analysts forecast the global CFD market in aerospace and defense industry to post revenue of more than USD 736 million during the period 2016-2020.
About CFD market in aerospace and defense industry:
CFD is a tool that analyzes the flow, pressure distribution, turbulence, liquid-gas interaction with structures. It is the science of predicting fluid flow, chemical reactions, mass transfer, and related phenomenon. The CFD technology uses computers, data of fluid viscosity, computational methods, and fluid flow rates to analyze the flow of fluids. CFD is mostly used in the automotive, aerospace and defense, electronics and semiconductor, and energy industries for studies related to thermal, acoustic, and air turbulence.
Technavio’s analysts forecast the global CFD market in aerospace and defense industry to post revenue of more than USD 736 million during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth
prospects of the global CFD market in aerospace and defense industry for 2016-2020.
To calculate the market size, the report considers the revenue generated from the
sales of CFD software licenses and services.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global CFD Market in Aerospace and Defense Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ANSYS
• Siemens PLM Software
• Mentor Graphics
Other prominent vendors
• Altair
• Applied Math Modeling
• Ceetron
• Dassault Systèmes
• ESI
• Exa
• FloSolve
• NUMECA
• Simerics
• Symscape
Market driver
• Increasing military expenditures
• For a full, detailed list, view our report
Market challenge
• Adoption of in-house CFD codes
• For a full, detailed list, view our report
Market trend
• Increase in R&D activities in SMEs in aerospace and defense industry
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global CFD Market in Aerospace and Defense Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ANSYS
• Siemens PLM Software
• Mentor Graphics
Other prominent vendors
• Altair
• Applied Math Modeling
• Ceetron
• Dassault Systèmes
• ESI
• Exa
• FloSolve
• NUMECA
• Simerics
• Symscape
Market driver
• Increasing military expenditures
• For a full, detailed list, view our report
Market challenge
• Adoption of in-house CFD codes
• For a full, detailed list, view our report
Market trend
• Increase in R&D activities in SMEs in aerospace and defense industry
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table of Content: https://marketreportscenter.com/reports/455978/global-cfd-market-in-aerospace-and-defense-industry-2016-2020#toc
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