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Global CFD Market in the Aerospace and Defense Industry 2012-2016

Global aerospace CFD market: 13.7% CAGR growth forecast between 2012-16


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2014-03-26 08:01:01 - Global CFD Market in the Aerospace and Defense Industry 2012-2016 - a new market research report on companiesandmarkets.com

The Global CFD market in Aerospace and Defense industry is to grow at a CAGR of 13.70 percent over the period 2012-2016. One of the key factors contributing to this market growth is the advantages of using CFD tools compared to traditional methods. The Global CFD market in the Aerospace and Defense industry has also been witnessing the increasing demand from integrated software. However, the increasing threat of open-source CFD could pose a challenge to the growth of this market.

Some of the large PLM and CFD vendors have started providing integrated CFD software with several other PLM tools to improve both the efficiency and the effectiveness of the product development cycles. Many customers prefer this integrated software as it reduces

 

 

the product development cycle time and increases its efficiency simultaneously. As such, vendors are developing integrated CFD software with CAD software. The integration of CFD and CAD solutions enables engineers to work on a single geometry, so the changes made in one application would be directly updated in the other. This eliminates the data transfer gap between CFD and CAD applications, thereby increasing the efficiency of the product development cycle.

One of the major drivers in the market is the advantage of CFD tools over traditional testing methods. The usage of CFD has various advantages over traditional testing such as wind tunnel testing.

One of the major challenges in the market is the increasing popularity of open-source CFD software. Many commercial users are adopting open-source CFD software rather than investing the money in commercial licenses.

The key vendors dominating this market space are Ansys Inc., CD-adapco Ltd, ESI Group SA and, Mentor Graphics Corp.

Other vendors are Autodesk,Inc., Dassault Systèmes SA, EXA Corp., Bentley Systems Inc., Blue Ridge Numerics Inc. (Autodesk Inc.), Computational Engineering International (CEI) Inc., Numeca International Inc. and Flow Science Inc.

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