Computational Fluid Dynamics Global Market to Reach $3.8 Billion by 2030: Rise in Cloud Services and Resultant Growth in Data Centers Fuels Demand for CFD for Thermal Modeling Purposes

Rhea-AI Summary

The global market for Computational Fluid Dynamics (CFD) is projected to grow from US$2 Billion in 2022 to US$3.8 Billion by 2030, achieving a CAGR of 8.3% during the period. Cloud-based CFD solutions are expected to see a significant increase, reaching US$2.4 Billion with a CAGR of 9.4%. The U.S. market is estimated at $644.1 Million in 2022, while China is forecasted to achieve a market size of US$439.6 Million by 2030, growing at 9.1%. Key competitors include Dassault Systemes (DASTY) and others, with innovations expected to be crucial in various industries including aerospace, automotive, and cleanroom design.

Positive

• Projected market growth from US$2 Billion in 2022 to US$3.8 Billion by 2030.
• Cloud-based CFD segment expected to grow at a CAGR of 9.4%, reaching US$2.4 Billion.
• Strong demand in the U.S. market estimated at $644.1 Million in 2022.

Negative

• On-Premise segment growth readjusted to a revised 6.7% CAGR amid ongoing economic challenges.

DUBLIN, March 16, 2023 /PRNewswire/ -- The "Computational Fluid Dynamics (CFD): Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Computational Fluid Dynamics (CFD) estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$3.8 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030.

Cloud-Based, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$2.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the On-Premise segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $644.1 Million, While China is Forecast to Grow at 9.1% CAGR

The Computational Fluid Dynamics (CFD) market in the U.S. is estimated at US$644.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$439.6 Million by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

Select Competitors (Total 96 Featured) -

• Altair Engineering, Inc.
• Ansys, Inc.
• Autodesk Inc.
• Bentley Systems Inc.
• BeyondMath Limited
• Cadence Design Systems, Inc.
• COMSOL AB
• Convergent Science, Inc.
• CPFD Software LLC
• Dassault Systemes
• ESI Group
• Flow Science Inc.
• Fluidyn France, SARL
• Hexagon AB
• PTC Inc.
• Siemens AG
• SimScale GmbH
• Stymer Technologies Pvt. Ltd.
• Synopsys Inc.
• The MathWorks Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession
• Living with COVID-19: The New Normal
• Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Role of CFD in Multiscale Study of Oil-in-Water Emulsions
• CFD Simulations in Reducing Risk of Aerosol Dispersion
• An Introduction to Computational Fluid Dynamics (CFD)
• Computational Fluid Dynamics: An Evolutionary Scan
• Phases of CFD
• Governing Equations
• Major CFD Applications
• Global Market Prospects & Outlook
• Developing Economies to Boost Long-term Growth
• Competition
• Major Startups Operating in the Computational Fluid Dynamics Space
• Computational Fluid Dynamics (CFD) - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• CFD: An Integral Part of Engineering Analysis & Design
• Myriad Benefits of CFD Provide Growth Opportunities
• Significant Role of CFD in Design and Development Processes
• Growing Role of CFD in Critical Aircraft Systems and Components to Fuel Adoption in Aerospace & Defense Industry
• Impact of COVID-19 Pandemic on Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
• Global Airlines Performance by Region: 2020 Vs 2019
• Automotive Industry to Stimulate Demand for CFD Solutions
• World Automobile Production in Million Units: 2008-2022
• Increasing Sales of EVs to Present Opportunities for CFD Market
• CFD Aims to Address Major Challenges in EVs
• Global EV Stock (in Thousand Units) for 2015, 2018 and 2021
• Shift towards Cloud-based CFD Emerges as a Notable Trend
• Cloud-based CFD Offers Numerous Benefits for Bioreactors
• Introduction of Innovative Technologies Fuel Growth for Computational Fluid Dynamics Market
• Notable Trends in Computational Fluid Dynamics Space
• Rise in Cloud Services and Resultant Growth in Data Centers Fuels Demand for CFD for Thermal Modeling Purposes
• Global Data Center Infrastructure Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
• Accuracy of Data Center CFD Models: A Major Concern
• Outsourcing of Manufacturing Activities to Emerging Nations Spurs Demand for CFD Solutions
• Role of CFD in Optimizing Cleanroom Design for Pharma and Biopharma Industry
• Global Cleanroom Technologies Market Size (in US$ Billion) for Years 2021, 2023, 2025 and 2027
• Promising & Emerging Clinical Applications of CFD Analysis in Ophthalmology
• CFD Modeling & Simulation for Hydrofracking Reactors and Crude Oil Pipelines
• CFD Solutions Find Use in All Aspects of Oil & Gas Industry
• Utility of Computational Fluid Dynamics Simulation Program
• Effect of Heat Capacity and Density on Pipe Distance
• CFD Analysis Helps Power Plants to Achieve High Efficiency Levels
• CFD to Revolutionize Water Industry
• GPU Acceleration Driving the CFD Revolution
• CAD-Embedded CFD: Offering Value to Customers
• CFD Simulation Use in Design & Control of Ventilation Systems Faces Difficulties
• Accuracy and Fidelity: Two Key Hurdles for CFDs of APP Flow
• Open Source CFD Software: A Major Threat to CFD Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8spk5a

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FAQ

What is the projected growth of the CFD market by 2030?

The CFD market is projected to grow from US$2 Billion in 2022 to US$3.8 Billion by 2030.

What is the CAGR for cloud-based CFD solutions?

Cloud-based CFD solutions are expected to grow at a CAGR of 9.4%.

What is the estimated size of the U.S. CFD market in 2022?

The U.S. CFD market is estimated at $644.1 Million in 2022.

How is the CFD market expected to perform in China by 2030?

China is forecasted to reach a market size of US$439.6 Million by 2030, growing at a CAGR of 9.1%.

Who are the key competitors in the CFD market?

Key competitors include Dassault Systemes (DASTY), Altair Engineering, Ansys, Autodesk, and others.