LONDON--(BUSINESS WIRE)--Composite materials are a lot more variable and complex if compared to metals owing to presence of different raw materials, intermediates and also manufacturing processes. It is difficult to produce a final part by developing a right mix of various materials and processes at the first time. Furthermore, there is a great impetus on the production side to streamline automation and manufacture high-quality composite parts faster. Machine throughput is extremely important to sustain the growth momentum of composites across the mass volume industries.
Nowadays, simulation software gives a hand to stakeholders in the design, development and production of various composite parts efficiently. During the past several years, a big push to add/expand composed-focused simulation tools to existing software suites was observed.
The world’s market for composite simulation software is anticipated to exhibit impressive growth rates in the next five years. From 2016 till 2021, this market is likely to see an 8.7% CAGR. Strong demand for automation and faster production processes, robust growth of composites industry and rising demand for simulation software, amid other factors, are expected to impel the market growth.
North America will likely maintain its top position in the world’s composite simulation software market through 2021. But, the highest growth rates are predicted to be registered in the APAC regional market.
New topical report “Global Composite Simulation Software Market by Software Type, by End Use Industry Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021” elaborated by Stratview Research have been recently uploaded at MarketPublishers.com.
Published: October, 2016
Price: US$ 4,290.00
This research publication presents an in-depth study of the world’s composite simulation software market, gives historical insights (2010-2016), reviews the market performance in the current year and also gives forecasts through 2021. It sheds light on the market dynamics, explores the major market growth influencing factors, touches upon the key challenges and opportunities, identifies lucrative growth sectors, delves into the competitive landscape and profiles top companies, etc.
Other in-demand market research studies by the publisher are offered in the Stratview Research catalogue.