Boston, MA -- (SBWIRE) -- 12/02/2016 -- CFD is a tool that analyzes the flow, pressure distribution, turbulence, liquid-gas interaction with structures. It is the science of predicting fluid flow, chemical reactions, mass transfer, and related phenomenon. The CFD technology uses computers, data of fluid viscosity, computational methods, and fluid flow rates to analyze the flow of fluids. CFD is mostly used in the automotive, aerospace and defense, electronics and semiconductor, and energy industries for studies related to thermal, acoustic, and air turbulence.

Technavio's analysts forecast the global CFD market in aerospace and defense industry to post revenue of more than USD 736 million during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global CFD market in aerospace and defense industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of CFD software licenses and services.

Get More Details on this Report and a Full Table of Contents at Global CFD Market in Aerospace and Defense Industry 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global CFD Market in Aerospace and Defense Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ANSYS
-Siemens PLM Software
-Mentor Graphics

Other prominent vendors

-Altair
-Applied Math Modeling
-Ceetron
-Dassault Systemes
-ESI
-Exa
-FloSolve
-NUMECA
-Simerics
-Symscape

Market driver

-Increasing military expenditures
-For a full, detailed list, view our report

Market challenge

-Adoption of in-house CFD codes
-For a full, detailed list, view our report

Market trend

-Increase in R&D activities in SMEs in aerospace and defense industry
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ANSYS, Siemens PLM Software, Mentor Graphics, Altair, Applied Math Modeling, Ceetron, Dassault Systemes, ESI, Exa, FloSolve, NUMECA, Simerics, Symscape

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