May 6 2013
Research and Markets has announced the addition of the "Computational Fluid Dynamics Market in Australia 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the need to develop superior quality products. The CFD market in Australia has also been witnessing use of GPU accelerators in CFD simulations. However, availability of open source solutions could pose a challenge to the growth of this market.
Key vendors dominating this market space include Ansys Inc., Dassault Systemes SA, and CD-adapco Group.
Other Vendors: Dassault Systemes SA , Altair Engineering Inc., Mentor Graphics Corp., Flow Science Inc., EXA Corp., Computational Engineering International (CEI) Inc. and Blue Ridge Numerics Inc.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''CFD simulation tools are widely used in various industries to evaluate the behavior of the components which are employed in the manufacturing of aircrafts, automobiles, mining equipment, and industrial machineries. The accuracy rate of CFD software takes a dip when the simulation is performed in a transient flow situation, consequently affecting the quality of the final product. This is so mainly because of the complexities involved in the simulation of particles, which requires high levels of computation. In order to overcome this issue, many vendors are incorporating GPU accelerators in complex CFD codes, thus enhancing the operational efficiency of the software. This trend of incorporating GPU accelerators to enhance the efficiency of CFD solutions is expected to contribute to the growth of the CFD market in Australia.''
According to the report, the need to develop superior quality products is a major driver in this market. This need has in turn created a demand for CFD solutions as it facilitates the thorough analysis of a product's design. Using CFD solutions, the versatility of a product can be tested under different operating conditions before it goes into production.