SOURCE: MarketResearch.com

MarketResearch.com

July 25, 2011 09:08 ET

Computational Fluid Dynamics (CFD) Market to Grow 16% Through 2014

ROCKVILLE, MD--(Marketwire - Jul 25, 2011) - MarketResearch.com has announced the addition of the new report "Global Computational Fluid Dynamics Market 2010-2014" to their collection of Electronics market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6459269

This report forecasts the Global Computational Fluid Dynamics (CFD) market to grow 16.5% annually through 2014. The increasing adoption of simulation techniques is one of the key factors contributing to this growth. The Global CFD market has also been witnessing availability of CFD in the cloud. However, the growing popularity of open source CFD solutions could pose a challenge to the growth of this market.

"Previously, CFD solutions were expensive and required companies to invest in the services of software professionals and high-power computing capabilities. However, in recent years, the prices of permanent CFD licenses have fallen significantly. Moreover, advanced CFD software can now be run by any engineer with minimal CFD software training," reports an analyst.

In spite of the demand for CFD software, the growing popularity of open source CFD software is hindering the growth of this market. However, the growing computational capabilities of this software are expected to boost demand. Moreover, the CFD Software market is witnessing RANS models being replaced by LES models.

Key questions answered in this report include:

  • What will the market size be in 2014 and at what rate will it grow?
  • What key trends is this market subject to?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the opportunities and threats faced by each of these key vendors?
  • What are the strengths and weaknesses of each of these key vendors?

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6459269

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