The study provides an in-depth analysis of the global finite element analysis market and current & future trends to elucidate imminent investment pockets.
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
- Electrical & electronics
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- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- The Middle East
Key Market Players Profiled In The Report
- Dassault Systems
- MSC Software
- Siemens PLM Software
- Aspen Technology
- ESI Group