About Marine Computational Fluid Dynamics
The investigation of fluid flows using numerical solution methods is known as computational fluid dynamics (CFD). Aerodynamics and hydrodynamics are two engineering domains where CFD analyses are routinely used to determine quantities such as lift and drag, as well as field parameters such as pressures and velocities. A prominent rising trend projected to drive the worldwide computational fluid dynamics market growth in the next years is the growing migration to cloud-based CFD. For ship performance prediction, the marine industry has long depended on scale model towing tanks. While this is still essential, the rise of simulation, especially marine computational fluid dynamics (CFD), allows for the digital investigation of ship behavior. This paves the way for predicting ship performance at full size and in real-world scenarios. Rapid improvements in the aerospace and aeronautics industries are responsible for the market's growth. CFD is used in the maintenance of many essential systems and components of an aircraft in various industries. It's utilized to improve engine cooling and fuel delivery systems, for example. CFD can also estimate how new processes and designs will perform before they are built and implemented.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Marine Computational Fluid Dynamics market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cadence Design Systems (United States), Altair Engineering Inc(United States), ANSYS Inc.(United States), Autodesk Inc.(United States), COMSOL AB (Sweden), Convergent Science Inc.(United States), Dassault Systemes SE (France), Hexagon AB (Sweden), PTC Inc. (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Airflow Sciences Corporation (United States) and ESI Group (France).
Segmentation Overview
AMA Research has segmented the market of Global Marine Computational Fluid Dynamics market by Type (CFX, Fluent, Phoenics, Star-CD, comsol, star-ccm+, flow-3D and AUTODESK CFD), Application (Multiphysics CFD simulation, Aerodynamics and Hydrodynamics Simulation, Structural integrity & Acoustics Predictions, Automated Exploration & Design Optimization, Intelligent Reporting and Data Analytics and Others) and Region.
On the basis of geography, the market of Marine Computational Fluid Dynamics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use, the sub-segment i.e. Marine architecture will boost the Marine Computational Fluid Dynamics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Shift Towards Cloud-Based CFD
Market Growth Drivers:
Reduction in Product Design Time and Cost and High Adoption of Electric Vehicles
Challenges:
Growing Concerns about Software and Data Privacy
Restraints:
High Cost of Deployment
Opportunities:
Technological Advancements and Growth Opportunities in Untapped Market
Market Leaders and their expansionary development strategies
January 2021 – Cadence Design Systems, Inc.announced that it has entered into a definitive agreement to acquire NUMECA International, a leader in computational fluid dynamics (CFD), mesh generation, multi-physics simulation and optimization.
In June 2023, Fukuoka-based Eco Marine Power (EMP) announced today that it has developed a new type of sail device for ships. This sail device known as a Sailet can increase the propulsive forces created by EMP’s patented EnergySail and can also be used as a stand-alone sail-assisted propulsion or energy-saving device. Additionally, it can be used as a modification to the EnergySail so that this will be better protected during cargo operations and during storms. Images of the Sailet have not been revealed yet as the patent is still pending.
Key Target Audience
Software Providers, Technology Providers, Investors, Network Companies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.