Global CFD in Automotive Market Size is Anticipated to Hold a Significant Share By 2033 | CAGR of 10.20%
Category: Automotive & TransportationGlobal CFD in Automotive Market Size is Anticipated to Hold a Significant Share By 2033
According to a research report published by Spherical Insights & Consulting, the Global CFD in Automotive Market Size is Expected to Hold a Significant Share by 2033, Growing at 10.20% CAGR from 2023 to 2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global CFD in Automotive Market Size, Share, and COVID-19 Impact Analysis, By Product (Gases, Liquid), By Application (Passenger Vehicle, Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/cfd-in-automotive-market
CFD (computational fluid dynamics) in automotive refers to the use of advanced computer simulations and mathematical models to analyze and optimize the behavior of fluids including air, coolant, fuel, or exhaust gases around and inside a vehicle. Several factors are driving the growth of CFD in the automotive business, including the increased need for fuel efficiency, emission reduction, and the rise of electric vehicles (EVs). CFD optimizes vehicle aerodynamics, battery cooling, and thermal management, which are crucial for enhancing performance and meeting regulatory standards. However, the factors limiting CFD in the automotive market are high startup costs, simulation complexity, and the demand for modern computing resources.
The liquid segment is predicted to hold the largest market share through the forecast period.
Based on the product, the CFD in automotive market is classified into gases and liquid. Among these, the liquid segment is predicted to hold the largest market share through the forecast period. CFD is crucial for optimizing liquid-based systems such as cooling including engine and battery thermal management, fuel and lubrication systems, HVAC (heating, ventilation, and air conditioning), and hydraulic braking systems.
The passenger vehicle segment is estimated to grow at the fastest CAGR growth through the projected period.
Based on the application, the CFD in automotive market is categorized into passenger vehicle and commercial vehicles. Among these, the passenger vehicle segment is estimated to grow at the fastest CAGR growth through the projected period. The passenger car segment benefits from the rapid advancement of technology, consumer demand for high performance and sustainability, and the growing trend towards electric vehicles, all of which drive the accelerated usage of CFD in vehicle development.
North America is estimated to hold the largest share of the CFD in automotive market over the forecast period.
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North America is estimated to hold the largest share of the CFD in automotive market over the forecast period. North America has the infrastructure to lead the CFD in the automotive market due to its large automotive manufacturing base, increased acceptance of electric vehicles, emphasis on innovation, and tough regulatory standards.
Asia Pacific is predicted to have the highest CAGR growth in the CFD in automotive market over the forecast period. The Asia Pacific region's rapid rise is attributable to its rapidly expanding automotive industry. Major manufacturers in China, Japan, and South Korea are increasingly utilizing CFD for vehicle optimization.
Major key players in the CFD in automotive market include Ansys, CD Adapco Group, Mentor Graphics, AspenTech, Bentley Systems, Autodesk, COMSOL, ESI Group, EXA, Flow Science, Numeca International, and Others.
Recent Developments
- In April 2021, ENGYS announced the release of ELEMENTS 3.3.1, an open-source CFD software suite for vehicle design applications developed by Streamline Solutions LLC. This release also contains updated versions of the add-on modules ELEMENTS-Adjoint and ELEMENTS-Coupled
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the CFD in automotive market based on the below-mentioned segments:
Global CFD in Automotive Market, By Product
- Gases
- Liquid
Global CFD in Automotive Market, By Application
- Passenger Vehicle
- Commercial Vehicles
Global CFD in Automotive Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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