[January 09, 2015]

Research and Markets: Global CFD Market in Aerospace and Defense Industry 2015-2019 With Ansys, CD-adapco & Mentor Graphics Dominating

Research and Markets (http://www.researchandmarkets.com/research/snn99b/global_cfd_market) has announced the addition of the "Global CFD Market in Aerospace and Defense Industry 2015-2019" report to their offering.

The analysts forecast the Global CFD market in the Aerospace and Defense industry to grow at a CAGR of 14% over the period 2013-2018.

CFD is a tool that analyzes the flow, turbulence, pressure distribution, and interaction of fluids with structures by using numerical simulations based on Navier-Stokes equation. It is the science predicting fluid flow, mass transfer, chemical reactions, and related phenomenon. CFD technology uses high-speed computers, numerical methods, and solvers to simulate the flow of fluids (gases and liquids). This software enables end-users to simulate a product's real-world performance by digitally prototyping its creation, tereby allowing end-users to detect and rectify erroneous designs before the manufacturing process.

CFD is largely used across industries such as the Automotive, Aerospace and Defense, Electronics and Semiconductor, and Energy for various applications. In the Aerospace and Defense industry, CFD is used to design external aerodynamics, fuel systems, engine core compartments, cockpit and cabin ventilation, missiles, and submarines.

One of the major trends emerging in the market is increased adoption of LBE-based CFD that involves solving the Boltzmann equation instead of the Navier-Stokes equation to simulate the flow of a Newtonian fluid.

According to the report, one of the major drivers in the market is the need to reduce product development cycle. The Aerospace and Defense industry manufacturers are under high pressure to reduce product development cycles and the implementation of CFD helps them achieve this.

Further, the report states that one of the major challenges in the Global CFD market in the Aerospace and Defense industry is the lack of adoption of cloud-based solutions. Though a few vendors are offering the cloud-based model, many end-users are reluctant to adopt it.

Key Vendors

• Ansys (News - Alert)
• CD-adapco
• Mentor Graphics

Key Questions Answered in this Report

• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

For more information visit http://www.researchandmarkets.com/research/snn99b/global_cfd_market

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