Introduction to the Market
Finite Element Analysis (FEA) is an applied technique in
engineering which aims to evaluate the functionality of certain product designs
before its prototypes are developed. FEA is used by various manufacturing
industries to estimate structural strength and behavior, for modeling products,
and for simulating product prototypes. By adopting FEA technology,
manufacturing industries are able to reduce their product development time and
enhance their product quality and reliability. Thus, the increasing need for
developing superior quality products in these industries creates a positive
impact in the Global FEA market.
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Market Overview
The Global FEA market is expected to post a CAGR of 9.72
percent during the period 2012–2016. The market is driven by many growth
factors; one is the increasing demand for FEA software from developing
countries. Currently, the market is experiencing a huge potential from
developing countries such as China, India, Brazil, and Korea, creating more
opportunities for the vendors. The market is also experiencing a huge demand
from discrete industries across the globe.
Regional Overview
In terms of revenue, North America accounted for the largest
share in the Global FEA market in 2012, and was followed by the APAC region.
The APAC region is one of the fastest growing geographies in the global market
due to the emergence of several manufacturing industries in the region.
Exhibit 10:
Global Finite Element Analysis Market by Geographical Segmentation 2012-2016
End-user Segmentation/Product Segmentation Overview
The Global FEA market has numerous end-users; the main
end-users are Automotive, Electrical and Electronics, Industrial Machinery, and
Aerospace and Defense industries.
Exhibit 5:
Global Finite Element Analysis Market by End-user Segmentation 2012-2016
Exhibit 3:
Growth Rate Comparison of End-user Segments in the Global Finite Element
Analysis Market 2012-2016
Vendor Landscape
Due to the commercialization of their products, a few
companies currently have a significant presence in the Global FEA market. Many
pure-play companies in this market are either being acquired or being
approached for acquisition by larger corporations for their technological
capabilities. Some of the key vendors mentioned in the Global FEA Market
2012-2016 report include Ansys Inc., Dassault Systemes SA, LMS International
NV, and MSC Software Corp. Other prominent vendors in the Global FEA market
include Altair Engineering Inc., AspenTech Ltd., Bentley Systems Inc., Blue
Ridge Numerics Inc. (Autodesk), Computational Engineering International Inc.,
Engineering Systems Inc., ESI Group, Flow Science Inc., Mentor Graphics Corp.,
NEi Software Inc., and Numeca International SA.
Key questions answered in this report:
·
What will the market size be in 2016
and at what will be the growth rate?
·
What are 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 key vendors?
·
What are the strengths and
weaknesses of each of these key vendors?
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