Market Dynamics:
Increasing Adoption in Automotive and Aerospace Industries
One of the major driver for the growth of the global computational fluid dynamics market is the increasing adoption of CFD in automotive and aerospace industries. In automotive industry, CFD is widely used in vehicle design, testing vehicle performance under different environmental conditions, and evaluating aerodynamic drag, lift and downforce. In aerospace industry, CFD helps engineers to test, visualize and optimize airflow over wings and aircraft bodies in virtual environment before building physical prototypes. This helps in reducing development time and costs. Additionally, it also helps in assessing safety and reliability of aircraft and spacecraft designs.

Key Takeaways

The Global Computational Fluid Dynamics Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing R&D investments from automotive, aerospace and process industry verticals. The global Computational Fluid Dynamics Market is estimated to be valued at US$ 2477 Mn in 2023 and is expected to exhibit a CAGR of 21% over the forecast period 2023 to 2030.

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