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Computational Fluid Dynamics Market to Grow by USD 1.23 Billion from 2024-2028, Driven by Demand for Reduced Product Design Time and Costs, Report Highlights AI’s Influence on Market Trends – Technavio

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global computational fluid dynamics market size is estimated to grow by USD 1.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.45%  during the forecast period. Growing need for reduction in product design time and cost is driving market growth, with a trend towards increasing shift toward cloud based CFD. However, growing concerns about software and data privacy  poses a challenge. Key market players include Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cadence Design Systems Inc., COMSOL AB, Convergent Science Inc., CPFD Software LLC, Dassault Systemes SE, Flow Science Inc., Fluidyn Group, Hexagon AB, Kitware Inc., Mechartes Researchers Pvt. Ltd., PTC Inc., Siemens AG, SimScale GmbH, Synopsys Inc., The MathWorks Inc., and ZeusNumerix Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Computational Fluid Dynamics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 1235.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.42

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

Altair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cadence Design Systems Inc., COMSOL AB, Convergent Science Inc., CPFD Software LLC, Dassault Systemes SE, Flow Science Inc., Fluidyn Group, Hexagon AB, Kitware Inc., Mechartes Researchers Pvt. Ltd., PTC Inc., Siemens AG, SimScale GmbH, Synopsys Inc., The MathWorks Inc., and ZeusNumerix Pvt. Ltd.

Market Driver

The global Computational Fluid Dynamics (CFD) market is experiencing significant growth due to increasing demand for digitization, overall connectivity, and ease of use. Rising Research and Development (R&D) expenditure and product complexity are also driving market expansion. Vendors are responding to the growing adoption of cloud-based services by developing feature-rich Product Lifecycle Management (PLM) solutions. Cloud-based CFD offers advantages such as zero start-up time, guided workflows, and constant online support. The OpenFOAM Foundation Ltd., a leading CFD vendor, provides a complete OpenFOAM cloud computing platform using Amazon Web Services (AWS) EC2. This platform supports Elastic Network Adapter and C5n instances for effective scaling on clusters. These factors are expected to boost the growth of the global CFD market during the forecast period. 

The Computational Fluid Dynamics (CFD) market is experiencing significant growth due to increasing trends in equation solving for complex fluid dynamics problems. Reduced testing time and product design cycles are key benefits, enabling faster analysis and optimization. Physical prototypes are being replaced with digital twins, reducing costs and improving sustainability. Data security and cybersecurity are crucial considerations, especially in industries like aerospace and energy. External factors, such as regulatory standards and sustainability metrics, are driving the adoption of green design principles and global supply chains. High-fidelity simulation and virtual prototyping are essential for optimizing manufacturing costs and improving efficiency. CFD software, hardware, and high-performance computing are essential tools for industries like renewable energy, healthcare, and biotechnology. Simulation capabilities are expanding to include industry applications like wind farms and circuit boards, with efficient product design and optimization at the forefront. Model calibration, boundary conditions, turbulence modeling, and mesh quality are critical elements of CFD analysis. Overall, the market is focused on delivering efficient, cost-effective, and sustainable solutions for various industries. 

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Market Challenges

In the Computational Fluid Dynamics (CFD) market, data security and privacy concerns are increasingly important for businesses. With the adoption of cloud-based CFD software, there is a risk of data being accessed or mishandled by third-party service providers. Standard attacks, such as Man-in-the-Middle (MiTM), can affect the object storage component. Vendors are concerned that clients may not verify the Certificate Authority (CA) credential of the server before executing a secure socket layer connection, potentially leading to data leakage. Cloud solutions are more accessible for data sharing but come with risks such as distributed denial-of-service (DDoS) attacks, data breaches, unsecured application programming interfaces (APIs), data loss, and account hijacking. Software piracy, where a purchased license is shared with other end-users, also poses a threat to the privacy of CFD software. These issues may hinder the growth of the global CFD market during the forecast period.The Computational Fluid Dynamics (CFD) market is growing rapidly due to the increasing demand for efficient product design and optimization in various industries. CFD software helps businesses improve their manufacturing costs by simulating fluid flows and mechanics before actual production. However, the high cost of hardware and high-performance computing (HPC) requirements pose challenges. Cloud-based solutions and HPC are addressing these challenges by offering affordable simulation capabilities. Industries like Aerospace, Energy, Healthcare, Renewable Energy, Biotechnology, and Automotive Manufacturing are major consumers of CFD technology. The market is segmented into industries like Electrical and Electronics, Industrial Machinery, and Electric vehicles. CFD’s real-world performance in design and manufacturing processes is crucial for developed economies in sectors like Automobile and Industrialization. The growth rate of the CFD market is driven by sustainability initiatives, artificial intelligence, and environmental concerns. Earlier, coding practices involved the use of punched paper tapes and cards, but now software packages have streamlined the process. The deployment model choices include cloud-based and on-premises. CFD’s application in fluid flows and mechanics is essential for industries to ensure product efficiency and sustainability.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This computational fluid dynamics market report extensively covers market segmentation by  

End-user 1.1 Aerospace and defense industry1.2 Automotive industry1.3 Electrical and electronics industry1.4 OthersDeployment 2.1 Cloud2.2 On-premisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Aerospace and defense industry-  The aerospace segment of the global Computational Fluid Dynamics (CFD) market is projected to expand significantly during the forecast period due to the increasing demand for operational efficiency, cost reduction, and compliance with standards in the aerospace sector. Before the advent of CFD, aircraft manufacturing companies relied on wind tunnel testing and flight-testing methods to evaluate product performance. However, with the advent of powerful computers, these traditional methods have been replaced by numerical simulation methods based on the Navier-Stokes equation. CFD is now widely used in various stages of aircraft design and research and development. It is employed in designing external aerodynamics, fuel systems, engine core compartments, missiles, cockpit and cabin ventilation, and submarines. CFD significantly contributes to designing turbine engines and increasing engine fan efficiency. Advancements in CFD have led to increased bypass ratios using CFD codes and a reduced number of blades in aircraft engine turbines. The evolution of CFD codes from 2-D Euler models to current 3-D Navier-Stokes models has resulted in highly efficient and fewer-blade turbines, reducing blade costs. Engineering simulation software, such as SimScale’s cloud-based CAE platform, allows for powerful CFD simulations from any device, streamlining the design process and reducing the need for physical prototypes. In the aerospace industry, Mentor, a Siemens AG subsidiary, offers Capital Load Analyzer software to simplify aircraft electrical design compliance and certification. With the growth of digitization in manufacturing and product design, traditional tools have been replaced by more efficient CFD simulation software based on the Navier-Stokes equation. The significant benefits of CFD in aerospace and defense are expected to drive its adoption, fueling the growth of the global CFD market in the aerospace and defense segment during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Computational Fluid Dynamics (CFD) market is experiencing significant growth due to the increasing demand for efficient product design and optimization in various industries. CFD software, hardware, and high-performance computing (HPC) play crucial roles in simulating fluid flow and heat transfer, enabling manufacturers to reduce manufacturing costs and improve product performance. CFD is widely used in the aerospace industry for aerodynamic design, in the energy sector for power plant optimization, in healthcare for medical device design, and in renewable energy for wind turbine optimization, among others. The integration of artificial intelligence and machine learning algorithms in CFD software is further enhancing simulation capabilities, while environmental concerns are driving the adoption of cloud-based solutions and sustainable practices. The automotive sector, automobile manufacturing, electrical and electronics, industrial machinery, and electric vehicles are also major consumers of CFD technology. Computational fluid codes are the foundation of CFD simulations, enabling the accurate modeling of fluid mechanics and heat transfer phenomena.

Market Research Overview

The Computational Fluid Dynamics (CFD) market is a dynamic and growing industry focused on efficient product design and optimization. CFD software, hardware, and high-performance computing (HPC) technologies enable the simulation of fluid flows and mechanics, significantly reducing testing time and costs in various industries. CFD applications span aerospace, energy, healthcare, renewable energy, biotechnology, and more. Sustainability initiatives and environmental concerns are driving the market’s growth, with a focus on efficiency, sustainability, and artificial intelligence. Deployment models include cloud-based and on-premises solutions, catering to diverse industry segmentation. CFD plays a crucial role in the automotive manufacturing, electrical and electronics, industrial machinery, and electric vehicle sectors. Product design cycle analysis, regulatory standards, and sustainability metrics are essential considerations. External factors, such as project delays and budget constraints, necessitate high-fidelity simulation, virtual prototyping, and digital twin technologies. CFD also involves model calibration, boundary conditions, turbulence modeling, and mesh quality to ensure detailed simulation accuracy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAerospace And Defense IndustryAutomotive IndustryElectrical And Electronics IndustryOthersDeploymentCloudOn-premisesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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SHANGHAI, Sept. 21, 2024 /CNW/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.

The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:

Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.

To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.

As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.

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SOURCE Huawei

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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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