Computational Fluid Dynamics (CFD) Market - Roadmap for Recovery from COVID-19 | 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 billion 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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Frequently Asked Questions -
Based on segmentation by end-users, which is the leading segment in the market?
The aerospace and defense sector is expected to be the leading segment based on end-users in the global market during the forecast period.
What are the major trends in the market?
Increasing number of strategic alliances is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 9%, the incremental growth of the market is anticipated to be USD 1.07 billion.
Who are the top players in the market?
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.
What are the key market drivers?
High adoption of electric vehicles is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 35% of market growth.
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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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:
This study identifies an 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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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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