[May 02, 2013] The Finite Element Analysis (FEA) Market in Australia to Reach US$11.78 Million By 2016 Tweet May 02, 2013 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/research/s4qjsb/finite_element) has announced the addition of the "Finite Element Analysis Market in Australia 2012-2016" report to their offering. One of the key factors contributing to this market growth is increasing need among vendors to manufacture high-quality products. The FEA market in Australia has also been witnessing exploring potential of FEA software for new end-users. However, increased outsourcing could pose a challenge to the growth of this market. Key vendors dominating this market space include Altair Engineering Inc., Ansys Inc., Dassault Systemes SA, and MSC Software Corp. Other Vendors: COMSOL Inc., LMS International NV, Rockfield Technologies Australia Pty. Ltd. Strand7 Pty. Ltd., NEi Software Inc., and Siemens PLM Software Inc. Commenting on the report, an analyst from TechNavio's Engineering team said: ''The vendors in the FEA market in Australia are exploring the potential of FEA software to new end-users. Currently, industries such as Mining Equipment, Industrial Machinery, Infrastructure and Construction Equipment, and Automotive are some of the major end-users in the FEA market in Australia. It is expected that during the forecast period the market vendors will increase their focus on new potential end-users such as Healthcare and Consumer Durables industries. The FEA vendors in Australia are expected to increase their revenue during the period 2012-2016 because of the expected increase in the demand for FEA software from these end-users during the same period.'' According to the report, the most important trend is the increasing need among vendors to manufacture high-quality products. FEA software helps in analyzing and measuring the performance and reliability of a product in the early stages of product development, enabling companies to produce products with the best possible quality. The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Rockfield Technologies Australia Pty. Ltd., Aspen Tech Inc., and Strand7 Pty. Ltd. For more information visit http://www.researchandmarkets.com/research/s4qjsb/finite_element About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: Research and Markets, Laura Wood, Senior Manager. [email protected] Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Sector: Software (http://www.researchandmarkets.com/categories.asp cat_id=34&campaign_id=s4qjsb) ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.com on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ]