- The key vendors in the global FEA in the electrical and electronics industry 2015-2019 are ANSYS, Dassault Systèmes, MSC Software, and Siemens PLM Software.
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global FEA in the electrical and electronics industry 2015-2019. Increased availability of cloud-based FEA is being witnessed in this market. The deployment of FEA software in cloud computing leads to low costs, faster distribution, low maintenance, and an increase in scalability. The global FEA market in the electrical and electronics industry is expected to grow at a CAGR of 13.55% during the forecast period of 2014-2019.
The adoption of FEA software in the electrical and electronics industry helps engineers solve complex problems, involving a reduction in power consumption, electronic signal quality check, and improvement of bandwidth. The Americas dominate the global market for FEA in the electrical and electronics industry, occupying around 36% of the overall market share. However, APAC is expected to be the fastest growing region owing to the presence of leading electrical and electronic equipment manufacturers such as Samsung Electronics, LG Electronics, Sony, Fujitsu, Canon, Sharp, Huawei, and Lenovo in the region.
“End-users in many industries are relying on FEA solutions for better simulations of their designs. Technical capabilities of FEA solutions, such as the ability to identify and correct geometric irregularities, play a vital role in the accuracy of the entire solution,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global FEA in the Electrical and Electronics Industry 2015-2019, please send an e-mail to media@TechNavio.com
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