Global CFD Market in the Automotive Industry Report

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Apr 11, 2014, 06:59 ET

DUBLIN, April 11, 2014 /PRNewswire/ --

Dublin - Research and Markets (http://www.researchandmarkets.com/research/skwvvw/global_cfd_market) has announced the addition of the "Global CFD Market in the Automotive Industry Report" report to their offering.

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The analysts forecast the Global Computational Fluid Dynamics (CFD) market in the Automotive industry to grow at a CAGR of 17.88 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to develop superior and competitive products. The Global CFD market in the Automotive industry has also been witnessing an increasing demand for integrated software. However, the increasing popularity of open-source CFD software could pose a challenge to the growth of this market.

The report, the Global CFD Market in the Automotive Industry 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in South America, North America, Europe, the APAC region, and the MEA region; it also covers the Global CFD market landscape in the Automotive industry and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Some of the large PLM and CFD vendors have started providing integrated CFD software with several other PLM tools to improve both the efficiency and the effectiveness of product development cycle. Many customers prefer this integrated software as it reduces the product development cycle time and increases its efficiency simultaneously. For instance, vendors are developing integrated CFD software with CAD software. The integration of CFD and CAD solutions enables engineers to work on a single geometry, where changes made in one application would be directly updated in the other. This eliminates the data transfer gap between CFD and CAD applications, thereby increasing the efficiency of the product development cycle.

According to the report, the increasing need for the development of superior and competitive products is one of the major drivers of the Global CFD market in the Automotive industry. In a highly competitive world, automakers consider it very important to retain their consumers by developing superior and competitive products. Thus, CFD simulation plays a major role in the Automotive industry in developing superior quality product.

Further, the report states that the increasing popularity of open-source communities is one of the major challenges impeding the growth of the market. Many commercial users are adopting open-source CFD software rather than investing large amounts of money in commercial licenses.

Key Topics Covered:

1. Executive Summary

2. List of Abbreviations

3. Introduction

4. Market Research Methodology

5. Scope of the Report

6. Market Landscape

7. Industry News

8. Geographical Segmentation

9. Key Leading Countries

10. Vendor Landscape

11. Buying Criteria

12. Market Growth Drivers

13. Drivers and their Impact

14. Market Challenges

15. Impact of Drivers and Challenges

16. Market Trends

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned: