DUBLIN, Nov. 5, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "FEA Software Market in the APAC Region 2014-2018" report to their offering.
Finite Element Analysis (FEA) is a software used in engineering, which aims to evaluate the functionality of a product design before its prototypes are produced. It is used in the Manufacturing industries for the estimation of structural strength and behavior, modeling, simulation, and design optimization. It enables the end-user to produce quality products, reduce cost, produce better product design, and fasten product development time. It is mainly used in the Automotive, Aerospace and Defense, Electrical and Electronics, and Industrial Machinery industries.
The analysts forecast the FEA Software market in the APAC region to grow at a CAGR of 12.36 percent over the period 2013-2018.
The FEA Software market in the APAC region can be segmented into five end-users segment: Metallic Automotive industry, Electrical and Electronics industry, Industrial Machinery industry, Aerospace and Defense industry, and Others.
The report, the FEA Software Market in the APAC Region 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC regions; it also covers the FEA Software market landscape in the APAC region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The market is witnessing an increase in the use of FEA software in creating special effects in feature films. It enables the creation of dramatic scenes in a movie in the form of impacts, extreme deformation, collisions, and collapsing buildings.
According to the report, increased adoption of virtual product development environment across the APAC region is a major growth driver in the market. FEA software creates virtual product models that are tested in a virtual environment, leading to cost and time savings. It helps to identify defective products at an early stage of design.
Further, the report states that one of the major challenges in the market is the inability of the software to identify faulty input provided by the engineer. The software is incapable of identifying whether the input provided is correct or incorrect, leading to a false output, which leads to the production of low-quality products and increased cost to the company.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by End-users
08. Key Leading Countries
09. FEA Software Market in China
10. FEA Software Market in Japan
11. FEA Software Market in India
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Trends and their Impact
19. Vendor Landscape
20. Key Vendor Analysis
21. Other Reports in this Series
- Dassault Systemes
- MSC Software
- Altair Engineering
- Siemens PLM Software
For more information visit http://www.researchandmarkets.com/research/jjrx4r/fea_software
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SOURCE Research and Markets