Global outlook of the CFD market in aerospace and defense industry

Technavio’s market research analysts predict the global CFD market in aerospace and defense industry to grow steadily during the next four years and post an impressive revenue of more than USD 736 million by 2020. This industry research report identifies the increasing need for fuel efficiency to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With global warming becoming one of the major concerns, there is an increasing demand for fuel-efficient aircraft from several countries across the globe. By simulating and predicting concentration fields resulting from mixing fuel and air, computational fluid dynamics (CFD) helps engineers design carburetors that provide precise air and fuel flows to critical parts. Additionally, they can also be used to explore new forms of fuel from renewable sources such as biomass and agricultural waste. They also aid in the development of precise hulls for aircraft carriers which projects a uniform inflow to the propeller. Using CFD simulations, engineers will now be able to remodel the propeller race, increase rudder efficiency, and increase the vessel’s top speed as well.

Owing to the market’s growth potential, small- and medium-scale players in the CFD market will start increasing their R&D investments towards innovations in the application of CFD analysis in the aerospace and defense industry. For instance, Virgin Galactic, a spaceflight company headquartered in Pasadena, California, US, has already started working on designing an orbital launch vehicle called LauncherOne and is also concentrating on providing suborbital spaceflights to space tourists.

Competitive landscape and key vendors

The market is characterized by the presence of several vendors and appears to be highly fragmented. Major CFD companies such as CD-adapco, Mentor Graphics, and ANSYS offer CFD solutions to almost all end-users and focus mainly on innovating their products and introducing new code-solving techniques. According to this report, integration of 3-D components in electronics assemblies, enhanced simulation between contact parts in structural analysis, and improved fluid dynamic solutions were some of the focus areas for major end-users during 2015. Additionally, these major vendors also focus on offering cloud solutions to small market players. Small vendors concentrate on offering CFD tools and services for niche segments, where the generic solutions offered by established players do not meet the requirements of the end-user.

The leading vendors in the market are -

• ANSYS
• Siemens PLM Software (CD-adapco)
• Mentor Graphics

The other prominent vendors in the market are Altair, Applied Math Modeling, Ceetron, Dassault Systèmes, ESI, Exa, FloSolve, NUMECA, Simerics, and Symscape.

Geographical segmentation and analysis of the CFD market in aerospace and defense industry

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, the Americas was the major revenue contributor to the market during 2015. The presence of numerous aerospace and defense industry OEMs and suppliers in this region and the increasing demand for aerospace and defense components and products from the developing countries across the globe, will drive the growth of the market in this region. As a result, this region will continue its market dominance throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global CFD market in aerospace and defense industry?
• What are the key market trends impacting the growth of the global CFD market in aerospace and defense industry?
• What are the challenges to market growth?
• Who are the key vendors in the global CFD market in aerospace and defense industry?
• What are the market opportunities and threats faced by the vendors in the global CFD market in aerospace and defense industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global CFD market in aerospace and defense industry?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Cloud CFD Market 2016-2020
• Global CFD Market 2016-2020
• Global PLM Market in the Aerospace and Defense Sector 2016-2020