Comment by addaon

This very much depends on the simulation. CFD historically used 64-bit, with extended precision used internal to an extremely small number of poorly conditioned operations, or with very stiff equations; today it's not at all unusual to use single precision or (strategically) mixed precision, depending on the problem. I think the strongest statement you could make about simulation workloads, rather than them "needing" a specific precision, is that they are usually properly analyzed to determine the needed precision, and then run at that precision.