Lower Cost of Computational Fluid Dynamics Software in the Electronics Industry Driving Demand
A recently released report by Technavio reveals that the Global Computational Fluid Dynamics (CFD) market in the Electronics Industry is expected to grow at a CAGR of 15.7 percent.
- (1888PressRelease) August 29, 2011 - London, UK -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global Computational Fluid Dynamics (CFD) market in the Electronics Industry is expected to grow at a CAGR of 15.7 percent.
The report, which covers the Americas as well as the APAC and EMEA regions, indicates that the market is being driven by decreasing implementation costs.
According to Technavio's industry analyst, "High CFD license costs were a major barrier to the adoption of CFD in the Electronics industry. However, with the introduction of lower license costs and new licensing models, leading electronic companies such as Samsung Electronics and Panasonic, have been adopting CFD software to simulate heat dissipation in electronic circuits and devices."
The report also highlights that the growing popularity of open source solutions is hindering the growth of this market. However, the use of CFD to reduce design and production costs is expected to keep driving the market.
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio's report, Global Computational Fluid Dynamics Market in the Electronics Industry 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including ANSYS, Mentor Graphics and CD-adapco.
For further information and to obtain your copy of this report, please visit http://technavio.com/content/global-computational-fluid-dynamics-market-electronics-industry-2010-2014. Follow us on Twitter: ( @ ) technavio for daily updates dot
Media Contact:
Ludmila Berkesova
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Technavio
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ludmila ( @ ) technavio dot com
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