Global Finite Element Analysis Software Market to Grow Nearly 10%

By DE Editors

TechNavio’s  analysts forecast the Global FEA Software market to grow at a CAGR of 9.9 percent in terms of revenue over the period 2011-2015. One of the key factors contributing to this market growth is the increasing need to address structural and non-structural problems. The Global FEA Software market has experienced the increasing use of proprietary pre- and postprocessor, but complexities in mesh generation during the preprocessing phase could pose a challenge to the growth of the market.

TechNavio’s report, the “Global Finite Element Analysis Software Market 2011-2015,” covers the Americas, and the EMEA and APAC regions; it also covers the Global FEA Software market landscape and its growth prospects in the coming years.

TechNavio also released a report on the Global CAD market in the automotive industry, predicting it will grow at a CAGR of 6.5%  over the period 2011-2015, driven by the increasing need for next-generation automobiles.

For more information, visit TechNavio.

Sources: Press materials received from the company and additional information gleaned from the company’s website.