Market Overview:
The global CFD software market is expected to grow from USD 2.02 billion in 2018 to USD 3.06 billion by 2030, at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for CFD software in the aerospace & defense, automotive industry, electrical and electronics, and other applications industries.
Product Definition:
CFD software is a computer program that is used to calculate the flow of fluids around objects. CFD software can be used to predict the behavior of air or water around objects in a variety of situations, such as when designing a new building or car.
Software Subscription:
Software subscription is a payment model in which the customer makes a pre-payment for the next recurring billing cycle. In this model, the customer is charged on a per unit basis for using software and notifies about renewed charges at periodic intervals. The major advantage of this billing method is that customers don’t have to pay upfront and can use the software as per their requirements.
Maintenance and Service:
Maintenance and service is a cost-effective way to ensure that the CFD software is running efficiently. It involves regularly scheduled downtime to perform essential system maintenance tasks such as updating the database, applying security patches, installing new modules or features, and troubleshooting any issues that may arise. The frequency of these services can vary based on several factors such as type of software (enterprise or consumer), number of users, location etc.
Application Insights:
The aerospace and defense segment accounted for the largest market share in 2017. The application of computational fluid dynamics (CFD) has been significantly growing in the aerospace industry due to its benefits, such as accurate predictions of aerodynamic forces and flow quantities. Moreover, increasing use of CFD software for designing aircraft components is expected to fuel the demand over the forecast period.
The automotive industry is anticipated to witness significant growth over the forecast period owing to rising demand for passenger cars and light commercial vehicles across various regions including Asia Pacific, North America and Europe. Furthermore, increasing penetration of tablets & smartphones along with advanced mobile operating systems such as iOS & Android is encouraging users to subscribe or purchase cloud-based solutions from different vendors which are providing on-the-go access to vehicle data.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as increasing R&D activities and high adoption of CFD software by various industries. Europe accounted for a significant share in terms of revenue and is expected to grow at a lucrative CAGR over the forecast period. This growth can be attributed to increasing investments in R&D activities, growing aerospace industry, technological advancements coupled with government initiatives aimed at promoting industrialization across several sectors are some major factors responsible for this growth.
Growth Factors:
- Increasing demand for CFD software from the automotive and aerospace industries to design and analyze products with greater accuracy.
- The increasing use of CFD software in product development by small- and medium-sized enterprises (SMEs) to reduce product development time and costs.
- The growing demand for CFD software from the energy sector to improve the efficiency of turbines, wind farms, and other power generation systems.
- The increasing use of CFD software in research institutes and universities for advanced research in various fields such as fluid dynamics, combustion science, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
CFD Software Market Research Report
By Type
Software Subscription, Maintenance and Service
By Application
Aerospace & Defense, Automotive Industry, Electrical and Electronics, Others
By Companies
ANSYS, Siemens, Dassault Systèmes, PTC Inc., Altair Engineering, NUMECA International, Convergent Science, Hexagon AB, ESI Group, Autodesk
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global CFD Software Market Report Segments:
The global CFD Software market is segmented on the basis of:
Types
Software Subscription, Maintenance and Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace & Defense, Automotive Industry, Electrical and Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ANSYS
- Siemens
- Dassault Systèmes
- PTC Inc.
- Altair Engineering
- NUMECA International
- Convergent Science
- Hexagon AB
- ESI Group
- Autodesk
Highlights of The CFD Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software Subscription
- Maintenance and Service
- By Application:
- Aerospace & Defense
- Automotive Industry
- Electrical and Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CFD Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
CFD software is a computer program that helps engineers and scientists simulate the flow of air, water, or other fluids through a three-dimensional grid. The program can be used to study how different shapes and sizes of objects affect the movement of air or water around them.
Some of the major companies in the cfd software market are ANSYS, Siemens, Dassault Syst¨mes, PTC Inc., Altair Engineering, NUMECA International, Convergent Science, Hexagon AB, ESI Group, Autodesk.
The cfd software market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CFD Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CFD Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CFD Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CFD Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CFD Software Market Size & Forecast, 2018-2028
4.5.1 CFD Software Market Size and Y-o-Y Growth
4.5.2 CFD Software Market Absolute $ Opportunity
Chapter 5 Global CFD Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 CFD Software Market Size Forecast by Type
5.2.1 Software Subscription
5.2.2 Maintenance and Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global CFD Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 CFD Software Market Size Forecast by Applications
6.2.1 Aerospace & Defense
6.2.2 Automotive Industry
6.2.3 Electrical and Electronics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CFD Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CFD Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America CFD Software Analysis and Forecast
9.1 Introduction
9.2 North America CFD Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America CFD Software Market Size Forecast by Type
9.6.1 Software Subscription
9.6.2 Maintenance and Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America CFD Software Market Size Forecast by Applications
9.10.1 Aerospace & Defense
9.10.2 Automotive Industry
9.10.3 Electrical and Electronics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe CFD Software Analysis and Forecast
10.1 Introduction
10.2 Europe CFD Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe CFD Software Market Size Forecast by Type
10.6.1 Software Subscription
10.6.2 Maintenance and Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe CFD Software Market Size Forecast by Applications
10.10.1 Aerospace & Defense
10.10.2 Automotive Industry
10.10.3 Electrical and Electronics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific CFD Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific CFD Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific CFD Software Market Size Forecast by Type
11.6.1 Software Subscription
11.6.2 Maintenance and Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific CFD Software Market Size Forecast by Applications
11.10.1 Aerospace & Defense
11.10.2 Automotive Industry
11.10.3 Electrical and Electronics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America CFD Software Analysis and Forecast
12.1 Introduction
12.2 Latin America CFD Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America CFD Software Market Size Forecast by Type
12.6.1 Software Subscription
12.6.2 Maintenance and Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America CFD Software Market Size Forecast by Applications
12.10.1 Aerospace & Defense
12.10.2 Automotive Industry
12.10.3 Electrical and Electronics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) CFD Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) CFD Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) CFD Software Market Size Forecast by Type
13.6.1 Software Subscription
13.6.2 Maintenance and Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) CFD Software Market Size Forecast by Applications
13.10.1 Aerospace & Defense
13.10.2 Automotive Industry
13.10.3 Electrical and Electronics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CFD Software Market: Competitive Dashboard
14.2 Global CFD Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ANSYS
14.3.2 Siemens
14.3.3 Dassault Systèmes
14.3.4 PTC Inc.
14.3.5 Altair Engineering
14.3.6 NUMECA International
14.3.7 Convergent Science
14.3.8 Hexagon AB
14.3.9 ESI Group
14.3.10 Autodesk
