High growth rate for CFD software projected

  • 10-Aug-2011 11:42 EDT
Voxdale_MentorGraphics.jpg

The Mentor Graphics FloEFD concurrent CFD solution embraces a broad range of flow analysis applications, from this airflow/aerodynamic study spanning an entire Formula One race car to the tiniest fuel jet in the vehicle.

By analyzing CFD simulations early in the product development process, engineers can detect possible errors, significantly reducing development costs and increasing profit margins for automotive companies, according to a recent study from TechNavio. As a result, the company says, the market for CFD software in the automotive industry is expected to grow from 2010-2014 at a compound annual growth rate of 18%. As design processes become further integrated with CFD simulation techniques and the cost of CFD licenses falls, demand for the software is increasing. However, open source software and a lack of support services could hinder market growth, the study notes. The “Global Computational Fluid Dynamics Software Market in the Automotive Industry 2010-2014” report is available from Research and Markets (http://www.researchandmarkets.com/research/ba0769/global_computation).

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