Boston, MA -- (SBWIRE) -- 12/15/2015 -- 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.

Technavios analysts forecast the global FEA market in the electrical and electronics industry to grow at a CAGR of 13.55% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global FEA Market in Electrical and Electronics Industry 2015-2019

Covered in this report

Technavio's report, Global FEA Market in Electrical and Electronics 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 the 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

-DassaultSystmes

-MSC Software

-Siemens PLM Software

Other prominent vendors

-Altair
-Aspen Technology
-Autodesk
-CD-adapco
-COMSOL
-ESI Group
-NEI Software

Market driver

-Involvement of inspection agencies in product development
-For a full, detailed list, view our report

Market challenge

-High cost of FEA
-For a full, detailed list, view our report

Market trend

-Use of FEA to develop IoT supporting devices
-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

Companies Mentioned in this Report: ANSYS, Dassault Systmes, MSC Software, Siemens PLM Software, Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, ESI Group, NEI Software

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