TechNavio today launched its report Global Finite Element Analysis Software Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and the APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Industries such as Automotive, Aerospace and Defense, Industrial Machinery, and Electronics and Semiconductor are increasingly adopting Finite Element Analysis (FEA) simulation techniques in order to improve the efficiency and performance of the product. This saves a lot of time by reducing the number of physical tests required for validating a design. Furthermore, engineers have begun to use Computer-aided Engineering (CAE) software for the initial designing, and simultaneously carrying on the simulation process, improving the efficiency of the new product development process.”
According to the report, one of the major drivers for this market is the increasing need to address structural and non-structural problems. Manufacturing industries such as Automotive, Aerospace and Defense, and Industrial Machinery are increasingly developing superior-quality products with improved efficiency and better performance. Therefore, for these industries, the growing need to reduce defects during the manufacturing process increases the demand for FEA software, driving the growth of the Global FEA Software market.
Further, the report discusses that the difficulties in mesh generation techniques due to the complexities involved in the geometry will act as a barrier to the growth of the Global FEA Software market.
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 players. For further information on this report, please visit http://goo.gl/8SyRX
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Global Finite Element Analysis Software Market 2011-2015
