Research and Markets has announced the addition of the “FEA Software Market in the APAC Region 2014-2018” report to their offering.
The FEA Software market in the APAC region to grow at a CAGR of 12.36% over the period 2013-2018
Finite Element Analysis (FEA) is a software used in engineering, which aims to evaluate the functionality of a product design before its prototypes are produced. It is used in the Manufacturing industries for the estimation of structural strength and behavior, modeling, simulation, and design optimization. It enables the end-user to produce quality products, reduce cost, produce better product design, and fasten product development time. It is mainly used in the Automotive, Aerospace and Defense, Electrical and Electronics, and Industrial Machinery industries.
The market is witnessing an increase in the use of FEA software in creating special effects in feature films. It enables the creation of dramatic scenes in a movie in the form of impacts, extreme deformation, collisions, and collapsing buildings.
According to the report, increased adoption of virtual product development environment across the APAC region is a major growth driver in the market. FEA software creates virtual product models that are tested in a virtual environment, leading to cost and time savings. It helps to identify defective products at an early stage of design.
Further, the report states that one of the major challenges in the market is the inability of the software to identify faulty input provided by the engineer. The software is incapable of identifying whether the input provided is correct or incorrect, leading to a false output, which leads to the production of low-quality products and increased cost to the company.
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