The report, now available on ASDReports, recognizes the following companies as the key players in the Global FEA Market in the Aerospace and Defense Industry: ANSYS, Dassault, Siemens and MSC Software
Other Prominent Vendors in the market are: Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, ESI Group, Exa and NEi
Commenting on the report, an analyst said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Nov 9, 2015