In May 2023, a leader in simulation and virtual prototyping solutions for a global company, ESI Group, launched its innovative, break-through solution in product design and the manufacturing process: IC.IDO Weave. It is technology that lets companies evaluate complex product designs from the point of view of human-centered manufacturing without a need for any physical prototype or test drives. The new product IC.IDO Weave represents the further steps towards an industrial metaverse. More capabilities in this aspect, besides its previous features, strengthen the abilities that ESI Group had for its previous developed version of IC.IDO.
With the powerful simulation capabilities of ESI Group, IC.IDO Weave forms a collaborative virtual environment where the product designs could be analyzed and developed. It assists producers to make more effective and accurate decisions by allowing them to assess their designs in a virtual environment.
What makes IC.IDO Weave different from the others is its human-centred approach in virtual prototyping. It focuses mainly on the ergonomic and practical nature of using and assembling the products with the assurance that the products are actually built for the user experience and manufacturability. This function is more applicable to industries that demand precision during designs, such as automotive and aerospace.
Demand and application by end-user verticals such as automotive, aerospace and defense, electrical and electronics, industrial machinery, energy, material and chemical processing, among others, is one of the primary growth factors of the computational fluid dynamics market. High adoption of electric vehicles and a tremendous rise in industrialization in developing countries are a few of the factors driving this growth.
According to Coherent Market Insights computational fluid dynamics industry, , will exhibit a CAGR 8.9 % during the forecast period 2024- 2031
The growth rate of the computational fluid dynamics market is being driven by increasing demand for electric vehicles in established economies, along with growth and expansion of the automobile sector in developing nations. Another factor propelling the growth of the computational fluid dynamics market value is the aerospace and aeronautics industries' increasing spending on technological advancements.
Also, incorporation of IC.IDO Weave into industrial metaverse will enable companies to leverage the strength of digital twins and virtual worlds in simulating real conditions for manufacturing processes and optimizing cross-functional teams and global supply chains. The IC.IDO Weave accelerates the speed of digital transformation activities that make organizations stay competitive and agile in an increasingly complex and dynamic market scenario.
The factors restraining the growth of virtual prototyping solutions in the market are the high initial investment, technological complexity, and traditional industries' reluctance to change. Lack of an appropriate workforce, fear of losing data, and issues related to data security further hamper its growth. Also, interoperability issues and less awareness about the technology's advantages also hinder growth. Regulatory and compliance issues related to aerospace and automotive industries are other factors limiting growth. Therefore, these have to be removed for wider expansion.
