COVID-19: Computational Fluid Dynamics (CFD) Market (2020-2024) - Roadmap for Recovery | High Adoption Of Electric Vehicles to Boost the Market Growth | Technavio

Technavio has been monitoring the computational fluid dynamics (CFD) market and it is poised to grow by USD 1.07 bn during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Computational Fluid Dynamics (CFD) Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions:

• What are the major trends in the market?
  
  Increasing number of strategic alliances is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  
  The year-over-year growth for 2020 is estimated at 8.53% and the incremental growth of the market is anticipated to be $ 1.07 bn.
• Who are the top players in the market?
  
  ltair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL Inc., Convergent Science, Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG, are some of the major market participants.
• What is the key market driver?
  
  The high adoption of electric vehicles is one of the major factors driving the market.
• How big is the APAC market?
  
  The Western Europe region will contribute 35% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL Inc., Convergent Science, Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG are some of the major market participants. The high adoption of electric vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Computational Fluid Dynamics (CFD) Market 2020-2024: Segmentation

Computational Fluid Dynamics (CFD) Market is segmented as below:

• End-user
  • Aerospace And Defense
  • Automotive
  • Electrical And Electronics
  • Others
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Computational Fluid Dynamics (CFD) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The computational fluid dynamics (CFD) market report covers the following areas:

• Computational Fluid Dynamics (CFD) Market Size
• Computational Fluid Dynamics (CFD) Market Trends
• Computational Fluid Dynamics (CFD) Market Industry Analysis

This study identifies the increasing number of strategic alliances as one of the prime reasons driving the computational fluid dynamics (CFD) market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Computational Fluid Dynamics (CFD) Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist computational fluid dynamics (CFD) market growth during the next five years
• Estimation of the computational fluid dynamics (CFD) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the computational fluid dynamics (CFD) market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of computational fluid dynamics (CFD) market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Aerospace and defense - Market size and forecast 2019-2024
• Automotive - Market size and forecast 2019-2024
• Electrical and electronics - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 10: MARKET TRENDS

• Increasing shift toward cloud-based CFD
• Technical advances
• Increasing number of strategic alliances

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 12: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Altair Engineering Inc.
• ANSYS Inc.
• Autodesk Inc.
• COMSOL Inc.
• Convergent Science
• Dassault Systemes SE
• ESI Group
• Hexagon AB
• PTC Inc.
• Siemens AG

PART 13: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200910005481/en/