Global CFD Market in the Industrial Machinery Sector to Grow 11% Thru 2019
Boston, MA - – 01/14/2016 – The need to reduce product design time and cost drives the global CFD in the industrial machinery market. Technavio’s market research analysts project a CAGR of 11% over the next four years.
The market is witnessing a surge in the demand for CFD embedded with CAD. Customers prefer to adopt embedded solutions as it reduces the product development cycle time and simultaneously increases its efficiency. It enables engineers and other stakeholders to participate in product development and improve the collective product design. CFD and CAD-embedded software enable engineers to work on a single geometry, whereby changes made in one application directly get updated in others.