(PRWEB) December 10, 2014
The Global CFD Market in Aerospace and Defense Industry is expected to grow at a CAGR of 14.01 percent from 2015-2019, according to a new report from Reportstack. High pressure to reduce product development cycles in the aerospace and defense industry is driving demand for the implementation of computational fluid dynamics, also known as CFD.
The complete report is available at http://www.reportstack.com/product/187073/global-cfd-market-in-aerospace-and-defense-industry-2015-2019.html
CFD solutions are being used to simulate and predict fluid flow, mixing, and other characteristics of combustion systems to ensure longevity of the engine, reduce unwanted emissions, and to improve the overall system performance. “There is high demand for efficient fuel system designs in the aerospace industry because of a pressing need to reduce emissions, as well as fluctuating oil prices and the economic instability in the Middle East,” says Faisal Ghaus, Vice President of TechNavio.
Currently, some of the large PLM and CFD vendors are also providing integrated CFD software with several other PLM tools to improve the efficiency and effectiveness of product development cycles in the defense and aerospace industries.
The new report also delves into additional drivers and trends, as well as challenges set to impact the market in the coming years.
CFD technology uses high-speed computers, numerical methods, and solvers to simulate the flow of fluids (gasses and liquids). This software enables end-users to simulate a product's real-world performance by digitally prototyping its creation, thereby allowing them to detect and rectify erroneous designs before the manufacturing process. CFD is largely used across industries such as 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.
Ansys, CD-adapco, Mentor Graphics, Autodesk, Bentley Systems, Blue Ridge Numerics (Autodesk), Computational Engineering International (CEI), Dassault Systèmes, EXA and Flow Science are the companies mentioned in this report.
Other CFD Market Research Reports from Reportstack:
Global Computational Fluid Dynamics (CFD) Market 2014-2018
Global CFD Market in the Automotive Industry 2012-2016