The market for computational fluid dynamics also benefits greatly from the expansion of the automobile sector. The "Organisation Internationale des Constructeurs d'Automobiles" estimates that 98.8 million automobiles were sold globally in 2016, up from 89.7 million in 2015. This indicates that the CFD market will experience exponential expansion within the anticipated time frame. Additionally, the growing R&D spending in the aerospace and defence sectors offers the worldwide CFD market a considerable development opportunity. The development of cloud services has greatly raised demand for data centres. In data centres, computational fluid dynamics is frequently used for thermal modelling since it makes it easier to spot places with less air movement. Additionally, it provides a 3-D image of cold air movement, which aids in cooling the racks in data centres. Furthermore, by using CFD, it is simple to identify areas that are subjected to more cooling than is actually necessary. The demand for CFD among end users is anticipated to increase dramatically over the future years because it is helpful for comprehending the changes that come from the inclusion of new hardware.
Coherent Market Insights projects that in 2022, the size of the global Computational Fluid Dynamics (CFD) Market was US$2,286.8 Million. Looking ahead, IMARC Group projects that the market will grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2028, reaching US$ 3,693.8 Million.
Top Companies in the Computational Fluid Dynamics Industry:
1. ANSYS, Inc.
The company was started in 1970 and has its main office in Canonsburg, Pennsylvania, United States. Software solutions for design analysis and optimisation are developed, marketed, and supported by ANSYS, Inc. The product family from ANSYS has an open, adaptable architecture that makes integration simple. Ansys revealed in December 2022 that it has signed a binding contract to buy DYNAmore, a company that specialises in creating simulation tools for the automobile sector.
2. CD-Adapco
The company was founded in 1980 and is based in Melville, NY USA. CD-adapco offers engineering simulation software, services, and support with a focus on computational fluid dynamics. The business includes training, support, computer aided engineering consultancy, software development, engineering services, and software that simulates engineering physics all in one integrated package.
3. Mentor Graphics, Inc.
The business was started in 1981 and is based in Wilsonville, Oregon, United States. The business sells fluid dynamics and heat transfer tools, simulation tools for analogue mixed-signal design, VPN solutions, and devices that help automate electrical design. Mentor changed its name to Siemens EDA in January 2021 and became a branch of Siemens.
4. Altair
The company was founded in 1985 and is located in Troy, Michigan, United States. The business provides services in product engineering, industrial design, technological application, and analytics. The business declared that it would offer software updates for all of its devices in June 2020. In January 2021, Altair declared that it would team up with Rolls-Royce Holdings on a project utilising AI and machine learning to enhance the design of aero jet engines.
5. Ceetron
The company was founded in 1919 and is based in France. The business creates and sells cutting-edge software for scientific animation and visualisation in three dimensions. The business offers "GLView" for sale, a programme for analysing and confirming 3D graphics. The programme can be customised by the company for unique objectives. Ceetron sells to academic researchers as well as the automotive, aerospace, and defence industries in Europe, North America, and Asia.
6. ESI
The firm was started in 1952 and is located in New Delhi. In order to mimic how a product will behave during testing, production, and actual use, ESI Group offers virtual prototyping software. According to the Employees' State Insurance Act of 1948, the Government of India offers the ESI social security programme. Employer and employee contributions, which are made on a monthly basis at a fixed proportion of salaries earned, make up the majority of the ESI funds.
7. Simerics
The company was started in 2005 and has its main office in Bellevue, Washington, USA. In order to simulate and test fluid pumps, valves, compressors, and other components virtually, Simerics Inc. develops, markets, and provides support for CAE software. The entire CFD toolchain is combined into a single programme called SIMERICS MP, a 3D CFD Simulation Environment.
*Definition: A subfield of fluid machines called computational fluid dynamics aids in the calculation and analysis of liquid and gas flow. The Navier Stokes equations, which describe single phase fluid flow, are used in computational fluid dynamics.
