Global FEA Market in Electrical and Electronics Industry 2015-2019

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.

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.

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