Computational Fluid Dynamics (CFD) Market in APAC to grow by USD 173.68 million|Technavio

NEW YORK, June 23, 2021 /PRNewswire/ -- The computational fluid dynamics (CFD) market in APAC is expected to grow by USD 173.68 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the computational fluid dynamics (CFD) market in APAC in optimistic, probable, and pessimistic forecast scenarios.

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With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Quarterly impact analysis and updates on market estimates

Major Three Computational Fluid Dynamics (CFD) Market In APAC Participants:
Altair Engineering Inc.
Altair Engineering Inc. offers a wide range of computational fluid dynamics products such as Hyperworks, hypermesh, simlab, acusolve, and other products.

ANSYS Inc.
ANSYS Inc. offers Ansys fluent computational fluid dynamics (CFD) products to make better, faster decisions.

Autodesk Inc.
Autodesk Inc. offers Computational Fluid Dynamics for AEC Autodesk CFD software that provides fast, accurate, and flexible fluid flow and thermal simulation tools to help predict product performance, optimize designs, and validate product behavior before building and construction.

Computational Fluid Dynamics (CFD) Market In APAC 2021-2025: Segmentation
The computational fluid dynamics (CFD) market in APAC is segmented as below:

• End-user
• Automotive Industry
• Aerospace And Defense Industry
• Electrical And Electronics Industry
• Others
• Geography
• China
• Japan
• South Korea (Republic Of Korea)
• Taiwan
• Rest Of APAC

The computational fluid dynamics (CFD) market in APAC is driven by the growth in the smartphone industry. In addition, the reduction in product design time and cost are expected to trigger the computational fluid dynamics (CFD) market in APAC toward witnessing a CAGR of over 5% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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