CFD Market in India 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 08:15:02
The India CFD market is to grow at a CAGR of 18.24 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from discrete industries. The CFD market in India has also been witnessing the demand for application-specific solutions. However, the increasing threat of open source CFD solutions could pose a challenge to the growth of this market.
Many CFD vendors in India are customizing their CFD solutions to suit the requirements of the large players operating in industries such as Automotive, Aerospace, Electrical and Electronics, and Process. This is so because these industries prefer high-end CFD solutions over general purpose CFD solutions. Moreover, application-specific solutions are considered to be less expensive than a complete CFD solution package. Such a model is also expected to yield better simulation results, giving end-users an edge over their competitors. This trend of offering customized solutions is expected to continue during the next few years.
One of the major drivers in the market is the increasing demand from the discrete industries. The Discrete Manufacturing industries rely on CFD tools for effective and efficient product development.
One of the major challenges in the market is the increasing threat of open-source CFD solutions. The majority of SMEs in India prefer open-source CFD solutions over commercial CFD solutions.
The key vendors dominating this market space are Ansys Inc., CD-adapco Ltd. And, Mentor Graphics Corp.
Other vendors are Blue Ridge Numerics Inc. (Autodesk Inc.), Computational Engineering International (CEI) Inc., EASi Engineering LLC, EXA Corp., Flow Science Inc. And, Numeca International Inc.
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