Global CFD Market in Automotive Industry 2011-2015
Report Summary

TechNavio's analysts forecast the Global CFD market in the Automotive Industry to grow at a CAGR of 18 percent over the period 2011-2015. One of the key factors contributing to this market growth is increased need for next-generation vehicles. The Global CFD market in the Automotive Industry has also been witnessing development of CFD for design engineers. However, sluggish growth in the Automotive industry in developed countries could pose a challenge to the growth of this market.

TechNavio's report, the Global CFD Market in the Automotive Industry 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global CFD market in the Automotive Industry landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include Ansys Inc., CD-adapco Ltd, Mentor Graphics Corp. and EXA corp. Other vendors mentioned in the report: Blue Ridge Numerics Inc. (Autodesk Inc.), Computational Engineering International (CEI) Inc., Numeca International Inc. and Flow Science Inc.

Key questions answered in this report:
What will the market size be in 2015 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?
You can request one free hour of analyst time when you purchase this report. Details provided within the report.

Press Release

TechNavio Announces the Publication of its Report - Global CFD Market in the Automotive Industry 2011-2015

TechNavio today launched its report Global CFD Market in the Automotive Industry 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers and understanding of the present and the future landscape of the market.

Commenting on the report, an analyst from TechNavio's Engineering team said; ''The adoption of on-demand Computational Fluid Dynamics (CFD) solutions has been on the rise among small and medium-sized enterprises (SMEs) because purchasing entire software proved expensive for them. End-users are increasingly adopting on-demand CFD solutions. The growing popularity of cloud computing has forced several software developers to host their software on the cloud and the CFD market is no exception. Vendors are offering the cloud-based CFD software in the pay-per-use model because it considerably reduces the overall cost of the solution. Vendors offer CFD solutions on rent to target the SMEs and other micro industries that either cannot afford a whole CFD package or only have a temporary requirement for CFD. Thus, CFD solutions on rent can help companies perform this technique without having to invest much in the solution. This also helps to reduce the threat of software piracy.''

According to the report, automakers spend a lot of time designing the product. Using the CFD simulation technique, engineers would be able to design and analyze the component or system virtually, thus reducing the time involved in it. This enables them to rectify any flaws in the design and thus manufacture products with better quality in a faster time period.

Further, the report also discusses that one of the major challenges in the Global CFD market in the Automotive industry is the emerging threat from open source CFD software solutions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://technavio.com/content/global-cfd-market-automotive-industry-2011-2015

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