Global Computational Fluid Dynamics Market Expected to Reach USD 5,081.3 Million by 2033 - IMARC Group

November 29, 2024 | Chemical & Materials

Global Computational Fluid Dynamics Market Statistics, Outlook and Regional Analysis 2025-2033

The global computational fluid dynamics market size was valued at USD 2,652.2 Million in 2024, and it is expected to reach USD 5,081.3 Million by 2033, exhibiting a growth rate (CAGR) of 6.72% from 2025 to 2033.

Global Computational Fluid Dynamics Market

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The computational fluid dynamics market is expanding with new simulation tools that increase analysis speed and accuracy. New software capabilities, such as GPU optimization and cloud integration, allow engineers to handle complicated designs more effectively while encouraging collaborative model-based engineering processes. For example, in January 2023, Ansys Inc. announced the release of Ansys 2023 R1, its latest simulation software suite. It includes several enhancements for CFD simulations, improving accuracy and efficiency in fluid dynamics analysis. With the newly launched Ansys 2023 R1, engineers can simulate more complex products faster than ever via new cloud options and optimized use of multiple graphics processing units (GPUs). The new release also amplifies the benefits of simulation by supporting collaborative, model-based systems engineering (MBSE) workflows. 

Moreover, the industry is expanding with AI-powered capabilities and virtual reality integration in simulation tools. Features such as automatic solver controls and collaborative VR improve accuracy, minimize setup time, and streamline cooperation, resulting in more efficient and predictive simulation operations. For instance, in March 2020, Siemens announced its latest release of Simcenter STAR-CCM+ software to enhance its CFD software with AI-driven capabilities for more accurate simulations. It also includes automatic coupled solver control for reduced setup time while improving convergence speed and the first-ever collaborative virtual reality (VR) feature of the company in a CFD code for enhanced team collaboration on simulation results. The software includes major enhancements to improve simulation time and accuracy as well as enhance collaboration, giving consumers a comprehensive digital twin to help drive highly predictive simulations. Furthermore, computational fluid dynamics (CFD) suppliers are improving simulation capabilities to suit rising demands for efficiency in product design and performance optimization. These improvements are consistent with the growing need for sustainable solutions in a variety of industries. Additionally, the aftermarket CFD software industry provides considerable revenue potential as companies prioritize performance improvement and cost reduction. Companies are replacing outdated methodologies with high-fidelity models, which provide improved precision and dependability. For example, NASA and Boeing are driving the rise in the usage of CFD software in North America's aerospace sector, which uses advanced simulations to enhance aircraft aerodynamics and reduce fuel consumption. Such applications highlight the expanding relevance of CFD techniques in improving energy efficiency and regulatory compliance, as well as fostering innovation in the development of next-generation aeronautical technology.

Global Computational Fluid Dynamics Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to the report, North America accounted for the largest computational fluid dynamics market share, on account of a strong presence of important businesses, considerable investments in research and development (R&D), and widespread usage of CFD solutions across sectors.

North America Computational Fluid Dynamics Market Trends:

North America focuses on aerospace and defense applications of computational fluid dynamics (CFD), thereby accounting for the largest regional dominance. NASA employs modern CFD technologies to optimize aerodynamics and propulsion systems, resulting in considerable cost and development time savings for space exploration programs, such as the Artemis program.

Europe Computational Fluid Dynamics Market Trends:

In Europe, automotive innovation is driving CFD usage. Companies, such as Volkswagen and BMW, use CFD simulations to improve electric car battery cooling and aerodynamics, in line with the EU's severe pollution reduction and fuel efficiency criteria.

Asia Pacific Computational Fluid Dynamics Market Trends:

In Asia Pacific, rising industrialization encourages the usage of CFD in industry. Wuxi Suntech Power in China uses CFD for effective thermal control in solar panels, addressing rising renewable energy demands while improving equipment performance.

Latin America Computational Fluid Dynamics Market Trends:

In Latin America, the energy sector utilizes CFD to optimize oil and gas extraction. Petrobras of Brazil uses CFD to increase subsea flow assurance and decrease operational hazards in deepwater drilling operations.

Middle East and Africa Computational Fluid Dynamics Market Trends:

In the Middle East and Africa region, infrastructure development encourages the use of CFD for sustainable design. Dubai's Smart City efforts use CFD to optimize airflow in urban design, boosting energy efficiency and thermal comfort in high-temperature situations.

Top Companies Leading in the Computational Fluid Dynamics Industry

Some of the leading computational fluid dynamics market companies include Ansys Inc., Dassault Systemes, COMSOL AB, Siemens, Autodesk, and The MathWorks, Inc., among many others. For example, in November 2024, COMSOL AB launched version 6.3 of COMSOL Multiphysics, introducing advanced CFD modules and enhanced solver algorithms to improve simulation accuracy and efficiency.

Global Computational Fluid Dynamics Market Segmentation Coverage

  • On the basis of the deployment model, the market has been bifurcated into a cloud-based model and an on-premises model, wherein the on-premises model represents the most preferred segment on account of its long-standing existence and the inclination of certain sectors to preserve total control of their computational resources.
  • Based on the end-user, the market is categorized into automotive, aerospace and defense, electrical and electronics, industrial machinery, energy, material and chemical processing, and others, amongst which aerospace and defense dominate the market. The aerospace and defense industries rely significantly on CFD simulations to optimize aerodynamics, examine structural integrity, and improve the overall performance of aircraft and defense equipment.

 

Report Features Details
Market Size in 2024 USD 2,652.2 Million
Market Forecast in 2033 USD 5,081.3 Million
Market Growth Rate 2025-2033 6.72%
Units Million USD
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Deployment Model
  • End User
  • Region
Deployment Models Covered Cloud-Based Model, On-Premises Model
End-Users Covered Automotive, Aerospace and Defense, Electrical And Electronics, Industrial Machinery, Energy, Material And Chemical Processing, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Ansys Inc., Dassault Systemes, COMSOL AB, Siemens, Autodesk, The MathWorks, Inc., etc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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