Computational Fluid Dynamics Software Reducing Cost of Automobile Production21 Sep 2011 • by Natalie Aster
The research “Global Computational Fluid Dynamics-Automotive Market 2010-2014” by Infiniti Research reveals that the Computational Fluid Dynamics (CFD)Software market in the Automotive industry is expected to grow at a CAGR of 18 percent. The report, which examines the Americas, EMEA, and APAC regions, indicates that the market is currently being driven by the cost reductions brought about by this technology.
“The cost of production is an important factor that affects the profit margin of any company. However, the Automobile industry is one of the most cost-sensitive industries in this regard. Analysis of CFD simulation results helps in early detection of possible errors that may occur during the development of a product. This has a significant impact on the development costs associated with the production of automobiles,” reports a TechNavio analyst.
In spite of the demand for CFD software in the Automotive industry, the lack of support services is hindering the growth of this market. However, the falling costs of CFD licenses are expected to boost demand. Moreover, the Global CFD Software market is witnessing the integration of the design process with CFD simulation techniques.
Published: July 2011
Price: US$ 1,500.00
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.
Companies mentioned in this report include: Ansys Inc., CD Adapco Ltd., Mentor Graphics Corp., and EXA Corp.
More information can be found in the report “Global Computational Fluid Dynamics-Automotive Market 2010-2014” by Infiniti Research.
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