Published on : Sep 06, 2016
ALBANY, New York, September 06, 2016: A new market research report, titled “Global Cloud CFD Market 2016-2020,” has been recently featured on ResearchMoz.us. The report analyzes the market by stating its current value, size, market performance and statistics. According to the report, the global cloud CFD market is expected to expand at a 10.73% CAGR from 2016 to 2020. The report covers the present scenario and the future growth prospects of the global cloud CFD market. Key opportunities, trends, and factors driving and restraining the market are presented. The competitive landscape has been discussed. Key segments of the cloud CFD market are studied, including the details about leading and declining segments and the reasons behind it.
The global cloud computational fluid dynamics (CFD) market is driven by an increasing number of data centers. The demand for data centers has increased considerably owing to a growth in the adoption of cloud services. The cloud CFD technology is extensively used in the defense, automotive, electrical, aerospace, energy, and electronics industry for studies relating to acoustic, thermal, and air turbulence, thus driving the market. Players operating in the market are investing extensively in R&D for enhancement in product technology and bringing about innovation.
With the rising emission levels, governments across the globe have introduced stringent emissions standards, which is compelling the automotive industry to introduce electric/hybrid vehicles to their product portfolio. This has resulted in the use of cloud CFD technology to analyze temperature in battery modules of electric cars, enabling improved battery life and performance, thus driving the market. Cloud CFD technology is also used for air cooling systems and for predicting thermal weather conditions such as average temperature and temperature distribution in batteries, driving their demand. The use of this technology to design external engine core compartments, aerodynamics, submarines, and fuel system missiles is taking the market towards significant growth.
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One of the factors challenging the growth of the global cloud CFD market is the lack of knowledge about the potential of CFD among end users. However, the trend of using CFD in battery designing is expected to create a heightened demand for this technology and benefit the market significantly in the coming years.
On the basis of geography, the global cloud CFD market is segmented into Asia Pacific, Americas, and Europe, the Middle East, and Africa (EMEA). By end user, the defense and aerospace industries are currently leading in the market.
Key vendors operating in the global cloud CFD market include ANSYS, CD-Adapco, and Mentor Graphics. Other vendors in the market are FloSolve, Applied Math Modeling, NUMECA, Altair, Ceetron, and ESI. The report gives details about these vendors such as their business and financial overview, strategies adopted, and their recent developments. The threats faced by vendors and their strengths and weaknesses have also been analyzed.
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