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Global Computational Fluid Dynamics Market Size, Analysis: By Deployment Model: Cloud-Based Model, On-Premises Model; By End Use: Automotive, Aerospace and Defence, Electrical and Electronics, Industrial Machinery, Energy, Material and Chemical Processing, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Computational Fluid Dynamics Market Outlook
The global computational fluid dynamics market attained a value of USD 2.52 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 11.7% to reach USD 6.83 billion by 2032.
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The growth of the market can be attributed to rapid innovations in the aerospace and aeronautical industries. Computational fluid dynamics is used in the maintenance of various essential aerospace components and parts. For instance, it is used to automate engine cooling and fuel distribution systems. North America and Europe are projected to acquire the largest share in the global demand for computational fluid dynamics in the coming years.
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Properties and Applications
Computational fluid dynamics or CFD is the numerical analysis of systems involving fluid flow, heat transfer, and other associated phenomena by computer-based simulation. It uses applied mathematics, physics, and computational software to visualise the effect of a gas or liquid on a fast-flowing object. CFD is a cost-effective method of testing prototypes of products before they are launched. Since the 1960s, the aerospace industry has integrated CFD techniques into the design, R&D, and manufacturing of aircraft and jet engines.
The market can be broadly categorised based on deployment model:
- Cloud-Based
- On-Premises
The market can be broadly categorised based on its end uses into:
- Automotive
- Aerospace and Defence
- Electrical and Electronics
- Industrial Machinery
- Energy
- Material and Chemical Processing
- Others
The EMR report looks into the regional markets of Europe, Asia Pacific, North America, Middle East and Africa, Latin America.
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Market Analysis
The growth of the market can be attributed to rapid advancements in the motor vehicle, aerospace, and aeronautical industries. In these sectors, CFD is used to maintain several critical aircraft systems and components. Recently several methods have been applied to the design of internal combustion engines, gas turbines, combustion chambers, and furnaces. Whereas, motor vehicle manufacturers are now routinely predicting drag forces, low-coil air flows, and the in-car environment with CFD. For instance, it is used to optimise engine cooling and fuel delivery systems. CFD can also predict the performance of new processes and designs prior to their production and implementation. As a result, it has become an integral part of the engineering analysis and design environment in several organisations.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global computational fluid dynamics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Altair Engineering, Inc.
- ANSYS, Inc.
- Autodesk Inc.
- COMSOL AB.
- Hexagon AB
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Deployment Model |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Computational Fluid Dynamics Market Analysis
8.1 Key Industry Highlights
8.2 Global Computational Fluid Dynamics Historical Market (2018-2023)
8.3 Global Computational Fluid Dynamics Market Forecast (2024-2032)
8.4 Global Computational Fluid Dynamics Market by Deployment Model
8.4.1 Cloud-Based Model
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 On-Premises Model
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Computational Fluid Dynamics Market by End Use
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aerospace and Defence
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electrical and Electronics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Industrial Machinery
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Energy
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Material and Chemical Processing
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Computational Fluid Dynamics Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Computational Fluid Dynamics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Computational Fluid Dynamics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Computational Fluid Dynamics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Computational Fluid Dynamics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Computational Fluid Dynamics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Altair Engineering, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ANSYS, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Autodesk Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 COMSOL AB.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hexagon AB
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Computational Fluid Dynamics Market: Key Industry Highlights, 2018 and 2032
2. Global Computational Fluid Dynamics Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
3. Global Computational Fluid Dynamics Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
4. Global Computational Fluid Dynamics Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Computational Fluid Dynamics Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Computational Fluid Dynamics Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Computational Fluid Dynamics Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Computational Fluid Dynamics Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Computational Fluid Dynamics Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Computational Fluid Dynamics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Computational Fluid Dynamics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Computational Fluid Dynamics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Computational Fluid Dynamics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Computational Fluid Dynamics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Computational Fluid Dynamics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Computational Fluid Dynamics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Computational Fluid Dynamics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Computational Fluid Dynamics Market Structure
Key Questions Answered in the Report
In 2023, the global computational fluid dynamics market attained a value of nearly USD 2.52 billion.
The market is projected to grow at a CAGR of 11.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.83 billion by 2032.
The major market drivers include innovations in the aerospace and aeronautical sectors, advancements in motor vehicles, and the growing use of computational fluid to maintain critical aircraft components and systems.
The key trend guiding the growth of the market includes the rising demand of the product due to its ability to predict the performance of new processes and designs prior to their production and implementation, which is required in several organisations.
What are the major regional markets of computational fluid dynamics, according to the market report?
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major deployment models of the product in the market are cloud-based model and on-premises model.
The major end uses of the product are automotive, aerospace and defence, electrical and electronics, industrial machinery, energy, and material and chemical processing, among others.
The major players in the market are Altair Engineering, Inc., ANSYS, Inc., Autodesk Inc., COMSOL AB., and Hexagon AB, among others.
Analyst Review
The global computational fluid dynamics market attained a value of USD 2.52 billion in 2023, driven by the rising demand from the end-use segments. Aided by the growing demand for the product from several organisations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 11.7%. The market is projected to reach USD 6.83 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its deployment model, the computational fluid dynamics industry can be segmented into cloud-based model and on-premises model. On the basis of end uses, the market is divided into automotive, aerospace and defence, electrical and electronics, industrial machinery, energy, material and chemical processing, and others. The major regional markets for computational fluid dynamics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America and Europe accounting for the largest share of the market. The key players in the above market include Altair Engineering, Inc., ANSYS, Inc., Autodesk Inc., COMSOL AB., Hexagon AB, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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