Finite Element Analysis (FEA) Market to Grow at 13.03% CAGR to 2020 adds Global Finite Element Analysis Market 2016-2020 latest research report, the analysts forecast global finite element analysis (FEA) market to grow at a CAGR of 13.03% during the period 2016-2020.

The global finite element analysis market analyst says production of next-generation vehicles in automotive industry will be a key trend for market growth. The auto emission of harmful gases in the environment has increased the need to develop new automobile designs. The need arises to design new exhaust systems and next-generation engines to reduce auto emission and its impact on the environment. The global automotive industry finds new demands for developing smart and safer trucks and cars. With this demand, the industry finds automobiles incorporated with interactive infotainment systems, collision-avoidance systems, wireless communications technology, and navigation devices.

Complete report on finite element analysis market spread across 67 pages, analyzing 4 major companies and providing 30 data exhibits are now available at

According to the 2016 finite element analysis market report, one of the key drivers for market growth will be increase in adoption of cloud-based finite element analysis software. Cloud computing provides a vast space for data storage, ease of access, flexibility, and security. Companies increasingly prefer to use cloud-based FEA software as it is cost effective. End-users do not have to pay license costs as they can access the software through the cloud. The deployment of FEA in cloud leads to a reduction in cost, faster distribution, low maintenance, and increase in scalability. FEA providers are continuously focusing on providing FEA through the cloud.Siemens PLM Software entered into a partnership with Rescale, a cloud-based simulation platform provider, to offer Siemens PLM Software NX Nastran through the cloud in 2014.

the Americas will dominate the global finite element analysis market throughout the forecast period and will post an impressive revenue of more than USD 998 million by 2020.Much of this growth can be attributed to the exponential increase in the growth of the R&D sector and continuous support from the government since this will attract several product lifecycle management and FEA software companies to start R&D facilities in this region. Order a copy of Global Finite Element Analysis Market 2016-2020 report @

The following companies are the key players in the global finite element analysis (FEA) market: ANSYS, Dassault Systèmes, MSC Software, and Siemens PLM Software. Other prominent vendors in the market are: Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, ESI, and Exa.

By accounting for more than 34% of the total shares of finite element analysis market, the automotive industry was the major end-user of FEA software during 2015. The automotive industry uses finite element analysis software for the estimation of structural strength and behavior, modeling, simulation, and design optimization. The adoption of FEA enables a reduction in product design time, operational costs, and also lesser marketing time, which, in turn, improves the overall productivity. High R&D investments will also lead to the rise in purchase of FEA software and services; thus, fueling market growth in this industry segment.

Global Finite Element Analysis (FEA) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global finite element analysis (FEA) market for 2016-2020.

About Us: is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Contact Info:
Name: Ritesh Tiwari
Email: Send Email
Organization: RnRMarketResearch
Phone: + 1 888 391 5441

Release ID: 130915