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APAC FEA market: 12% CAGR growth forecast between 2012-56

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FEA Market in APAC Region 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-31 00:11:03
The APAC FEA market is to grow at a CAGR of 12.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to reduce product development costs. The market has also been witnessing the development of FEA for mobile devices. However, the increasing popularity of open-source communities could pose a challenge to the growth of this market.

Many vendors in the FEA market in the APAC region are developing and offering FEA software for mobile computing devices such as iPhones, iPads, and smartphones. The mobile-based FEA software helps engineers validate and optimize the production process anywhere and at any time. Additionally, it helps provide collaborative decision-making systems and product development systems by allowing the engineers to participate in the product development cycle using mobile computing devices. In this market, many core vendors are developing FEA tools specific to mobile devices, and many more vendors are expected to adopt this trend during the forecast period.

One of the major drivers in the market is the need to reduce product development costs. Many end-users use FEA software for reducing their product development costs.

One of the major challenges in the market is the increased popularity of open-source communities. Many commercial users are adopting open-source FEA software, which is available free of cost, rather than investing a large amount of money in commercial licenses.

The key vendors dominating this market space are Ansys Inc., MSC Software Corp., Dassault Systèmes SA and, LMS International NV (Siemens PLM Software Inc.). Other vendors are Altair Engineering Inc., AspenTech Ltd., Bentley Systems Inc., Blue Ridge Numerics Inc. (Autodesk), Computational Engineering International Inc., Engineering Systems Inc., ESI Group, Exa Corp., Flow Science Inc., Mentor Graphics Corp., Nei Software Inc. And, Numeca International SA.

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Mike King
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