DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xbmnks/global_fea_market) has announced the addition of the "Global FEA Market in the Automotive Sector 2015-2019" report to their offering.
The global FEA market in the automotive industry to grow at a CAGR of 12.93% over the period 2014-2019.
Global FEA Market in Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC, and EMEA; it also covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The outsourcing of FEA pre-processing jobs to APAC is occurring in large volumes. In a developed country, FEA pre-processing to solve a linear static problem accounts for 45% of the overall investment and, in general, FEA pre-processing accounts for 65% of the overall investment. The availability of a low-cost skilled workforce in APAC is leading to the shift of FEA pre-processing to the region. In countries such as India and China, the cost reduces by more than half.
According to the report, the increased need to provide quality products in a short duration has led to an increase in the demand for FEA software. FEA software helps to improve the time-to-market by reducing the product development cycle and testing time. It improves the speed of the product design cycle and produces reliable and cost-effective products by reducing the analysis time.
Further, the report states that the market faces challenges due to the availability of free open-source FEA. SMEs lack capital so they tend to invest in FEA, which has led to the wide adoption of free or open-source FEA globally, which in turn has hampered the growth of the market.
- Dassault Systèmes
- Siemens PLM Software
- MSC Software
Other prominent vendors:
- Aspen Technology
- ESI Group
- NEI Software
Key Topics Covered:
Part 1: Executive summary
Part 2: Scope of the report
Part 3: Market research methodology
Part 4: Introduction
Part 5: Market landscape
Part 6: Geographical segmentation
Part 7: Market drivers
Part 8: Impact of drivers
Part 9: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Prominent vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/xbmnks/global_fea_market