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Increasing requirement of finite element analysis for efficient product development cycle, growth in the smartphone industry, and increasing adoption of cloud-based FEA software are the major factors that propel the growth of the market. However, factors such as presence of substitutes have hindered the growth of the global finite element analysis market. Furthermore, emerging trends such as growth in outsourcing to Asia-Pacific and boom in the automotive industry are opportunities for the market growth.
The global finite element analysis market is segmented on the basis of industry vertical and geography. The industry verticals covered in this study include aerospace & defense, automotive, and electrical & electronics industries. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the dominant players of the global finite element analysis market include ANSYS, Dassault Systems, MSC Software, Siemens PLM Software, Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, and ESI Group.
Key Benefits
Finite Element Analysis Market Report Highlights
Aspects | Details |
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By Component |
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By Deployment |
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By Enterprise Size |
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By Industry Vertical |
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By GEOGRAPHY |
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Key Market Players | ASPEN TECHNOLOGY, COMSOL, ALTAIR, ESI GROUP, AUTODESK, SIEMENS PLM SOFTWARE, MSC SOFTWARE, CD-ADAPCO, ANSYS, DASSAULT SYSTEMS |
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