DUBLIN, November 24, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5fn8ck/global_fea_market) has announced the addition of the "Global FEA Market in the Aerospace and Defense Industry 2015-2019" report to their offering.
The global FEA market in the aerospace and defense industry to grow at a CAGR of 10.69% over the period 2014-2019.
Global FEA Market in Aerospace and Defense Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC and EMEA; it also covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The market is likely to benefit from trends such as increased use of FEA to develop space launch systems. For instance, ATK Aerospace is building a new space launch system, and the company is adopting NX CAE to develop a finite model of rocket booster aft assembly.
According to the report, the availability of high-performance computing systems has contributed to the increased adoption of FEA in the global aerospace and defense industry. Companies such as IBM provide high-performance computing systems, like IBM Platform Computing for FEA, structural analysis, wind tunnel simulation, and noise and variation testing for the aerospace and defense industry.
Further, the report states that reduction of the US defense budget is posing a challenge for the global FEA market in the aerospace and defense industry.
- Dassault Systèmes
- Siemens PLM Software
- MSC Software
Other prominent vendors
- Aspen Technology
- ESI Group
- NEI Software
For more information visit http://www.researchandmarkets.com/research/5fn8ck/global_fea_market
SOURCE Research and Markets