TechNavio recognizes the following companies as the key players in the Finite Element Analysis Market in Australia: Dassault Systemes SA, Ansys Inc., MSC Software Corp., and Altair Engineering Inc.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”The vendors in the FEA market in Australia are exploring the potential of FEA software to new end-users. Currently, industries such as Mining Equipment, Industrial Machinery, Infrastructure and Construction Equipment, and Automotive are some of the major end-users in the FEA market in Australia. It is expected that during the forecast period the market vendors will increase their focus on new potential end-users such as Healthcare and Consumer Durables industries. The FEA vendors in Australia are expected to increase their revenue during the period 2012-2016 because of the expected increase in the demand for FEA software from these end-users during the same period.”
According to the report, the most important trend is the increasing need among vendors to manufacture high-quality products. FEA software helps in analyzing and measuring the performance and reliability of a product in the early stages of product development, enabling companies to produce products with the best possible quality.
Further, the report states that one of the major challenges confronting the FEA market in Australia is increased outsourcing. Companies in Australia have begun to increasingly outsource their design process to low-cost countries such as China, India, and Malaysia because of the easy availability of skilled labor at low cost.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Rockfield Technologies Australia Pty. Ltd., Aspen Tech Inc., and Strand7 Pty. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/finite-element-analysis-market-australi…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report “ Finite Element Analysis Market in Australia 2012-2016
