Market Analysis and Insights: Global Computational Fluid Dynamics (CFD) Market

CFD is a software application that helps end-users analyse the flow, turbulence, and pressure distribution of liquids and gases, and their interaction with structures. It also helps in predicting fluid flow, mass transfer, chemical reactions, and related phenomena. CFD uses high-speed computers, and various numerical methods and solvers to simulate the flow of fluids (gases and liquids). Simulation refers to the digital prototype of the real-world scenario. This helps detect errors in design before proceeding to production. CFD finds wide ranging applications in industries such as automotive, aerospace and defence, electrical and electronics, and energy. CFDs are used to design fuel systems, engine core compartments, cockpit and cabin ventilation, missiles, submarines, and evaluate aerodynamics in the aerospace and defence industry. This report considers the revenue generated from the offerings of CFD services and products.

Due to the COVID-19 pandemic, the global Computational Fluid Dynamics (CFD) market size is estimated to be worth US$ 1472 million in 2022 and is forecast to a readjusted size of US$ 3081.8 million by 2029 with a CAGR of 11.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Software Subscription accounting for % of the Computational Fluid Dynamics (CFD) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Aerospace and Defense segment is altered to an % CAGR throughout this forecast period.

Global CFD key players include ANSYS, Siemens, Dassault Systèmes, PTC, Altair Engineering, etc. Global top five manufacturers hold a share about 70%. North America is the largest market, with a share about 32%, followed by Europe and Asia-Pacific, both have a share over 58 percent. In terms of product, Maintenance and Service is the largest segment, with a share over 50%. And in terms of application, the largest application is Aerospace & Defense, followed by Automotive Industry, etc.

Global Computational Fluid Dynamics (CFD) Scope and Market Size

The global Computational Fluid Dynamics (CFD) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Computational Fluid Dynamics (CFD) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.


Segment by Type


Software Subscription

Maintenance and Service


Segment by Application


Aerospace and Defense

Automotive Industry

Electrical and Electronics

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


ANSYS

Siemens

Dassault Systèmes

PTC Inc.

Altair Engineering

NUMECA International

Convergent Science

Hexagon AB

ESI Group

Autodesk