This industry research report presents detailed segmentations based on application covers the leading geographies for the market, including Americas, EMEA, and APAC. The research details the leading vendors of the market such as ANSYS, Dassault, Siemens, and MSC software
Technavio analysts predict the global FEA market in the aerospace and defense industry to grow at a CAGR of of nearly 11% from 2015 to 2019. The availability of high performance computing system has led to the large adoption of finite element analysis (FEA) in the global aerospace and defense industry. Also, the aerospace and defense companies are extending their contracts with the PLM solution providers, bringing more revenues to the market through new software licenses sold, subscription, updates and upgrades, and new maintenance.
Americas led the global FEA market in the aerospace and defense industry in 2014 with a market share of around 38%, and is expected to dominate the market during the forecast period.
However, APAC is expected to witness the highest CAGR of around 13% between 2015 and 2019 with the presence of large number of R&D centres. China, Japan. South Korea, and India, which collectively occupy 91% market share, are the maximum revenue generating nations of the FEA market in the aerospace and defense industry in APAC. In terms of military expenditure, China is next to the US. The aerospace and defense industry of China is growing with several development programs such as the single-aisle commercial air transport program C-919.
FEA market in the aerospace and defense industry in APAC 2014-2019
Source: Technavio Research
“Of late, companies are preferring cloud-based FEA software because of its cost-effectiveness. Deployment of FEA in cloud leads to low cost, faster distribution, low maintenance, and increase in scalability. For instance, Siemens PLM Software entered into a partnership with Rescale, a cloud based simulation platform provider to offer Siemens PLM Software NX Nastran through cloud in 2014,” says Navin Rajendra, Lead Analyst, IT Hardware, Software, Services, Technavio Research.
High R&D investment for procuring latest technologies, software, and solutions is contributing to the growth of the global FEA market in the aerospace and defense industry. Key vendors in the market include ANSYS, Dassault, Siemens and MSC Software.
A more detailed analysis is available in the Technavio report, global FEA market in the aerospace and defense industry 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cu%3E%3Cstrong%3EWe%20can%20customize%…
