COMPUTATIONAL FLUID DYNAMICS MARKET ANALYSIS

Market Challenges And Opportunities

A major challenge hindering the market growth in aerospace & defense industry is the relatively slow adoption of cloud-based solutions due to data security and privacy issues because of hacking and various other attacks on cloud infrastructure. In spite of the fact that a couple of venders are providing the cloud-based model, various end users are unwilling to purchase it. Moreover, customers prefer using open source CFD software rather than spending huge amount on purchasing commercial licenses. The above said factor is also expected to restrain the market growth over the forecast period.

The growth in automotive industry creates substantial opportunities for the computational fluid dynamics market as well. According to “Organisation Internationale des Constructeurs d'Automobiles”, in 2016, 98.8 million units of vehicles were sold worldwide up from 89.7 million in 2015. This signifies that the CFD market will witness an exponential growth over the forecast period. In addition to this, the increasing R&D investment in aerospace & defense industry provides significant growth opportunity to the global CFD market.