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Global FEA Market in the Automotive Sector 2015-2019 with ANSYS, Dassault Syst?mes, Siemens PLM Software & MSC Software DominatingDUBLIN, Nov. 25, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/brjzcc/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. 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. Key vendors
Other prominent vendors
Key Topics Covered: Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-fea-market-in-the-automotive-sector-2015-2019-with-ansys-dassault-systmes-siemens-plm-software--msc-software-dominating-300184759.html SOURCE Research and Markets |