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Tuesday, 19 January 2016

Global FEA market in the industrial machinery industry to grow at a CAGR of 7.42% over the period 2014-2019

Posted on 23:58 by Unknown
About FEA
FEA, a software used in engineering, aims to evaluate the functionality of a product design before its prototypes are produced. FEA software is used in manufacturing industries for the estimation of structural strength and behaviour, modeling, simulation, and design optimization. This software helps end-users to produce quality products, reduce cost, provide better product design, and fasten the product development time. It is used in the automotive, aerospace and defense, electrical and electronics, and industrial machinery industries.


Technavio's analysts forecast the global FEA market in the industrial machinery industry to grow at a CAGR of 7.42% over the period 2014-2019.

Covered in this report
Technavio's report, Global FEA Market in Industrial Machinery Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key region
Americas
APAC
EMEA

Key vendors
Ansys
Dassault Systmes
MSC Software
Siemens PLM Software

Other prominent vendors
Altair Engineering
Aspen Technology


Autodesk
CD-adapco
COMSOL
ESI Group
NEI Software

Market driver
Use of FEA to build packaging machineries
For a full, detailed list, view our report

Market challenge
High initial cost of FEA
For a full, detailed list, view our report

Market trend
Development of smart factories
For a full, detailed list, view our report


Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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