Today: May 3, 2016, 6:26 pm
  
Finance

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

companiesandmarkets.com
companiesandmarkets.com
Global CFD Market in the Aerospace and Defense Industry 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 08:01:01
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.

Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/Gl ..

Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..

Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 513 Words
Related Articles
 
More From Finance
New Frontier Portfolios Top Morningstar Rankings
Boston, April 14, 2016—New Frontier’s global strategic portfolios topped the Global Balanced Strategic category of the latest [..]
Finding an Excellent Tax Lawyer with the [..]
Sound Advice about Finding an Excellent Attorney When an individual requires legal representation, whether for an IRS tax debt [..]
First Gothenburg Bancshares to acquire Nebanco, Inc.
Denver, CO: March 24, 2016 – First Gothenburg Bancshares, Inc., the holding company for First State Bank, Gothenburg, Nebraska [..]
With Bad Credit It Is Still Possible [..]
What to Expect When Seeking a Bad Credit Home Loan Refinance Okay, so not everyone has great – or even [..]
Credit-Yogi Professionals Describe How to Get Out [..]
Who doesn’t want to save money while getting rid of debt? Most folks would jump at the chance to do [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.