Portland, OR -- (SBWIRE) -- 09/19/2017 -- Increasing requirement of finite element analysis for efficient product development cycle, growth in the smartphone industry, and increasing adoption of cloud-based FEA software are the major factors that propel the growth of the market. However, factors such as the presence of substitutes have hindered the growth of the global finite element analysis market. Furthermore, emerging trends such as growth in outsourcing to Asia-Pacific and boom in the automotive industry are opportunities for the market growth.

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The global finite element analysis market is segmented on the basis of industry vertical and geography. The industry verticals covered in this study include aerospace & defense, automotive, and electrical & electronics industries. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Global Finite Element Analysis Market Key Segments:

By Industry Verticals

- Aerospace & defense
- Automotive
- Electrical & electronics

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By Region

North America

- U.S.
- Canada
- Mexico

Europe

- UK
- Germany
- France
- Russia
- Rest of Europe

Asia-Pacific

- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

LAMEA

- Latin America
- The Middle East
- Africa

Key Market Players Profiled In The Report

- ANSYS
- Dassault Systems
- MSC Software
- Siemens PLM Software
- Altair
- Aspen Technology
- Autodesk
- CD-adapco
- COMSOL
- ESI Group