Technavio Announces Top Four Vendors in the Global FEA Market in the Industrial Machinery Industry
By Business Wire News
By Business Wire News
Technavio has announced the top four leading vendors in their recent global FEA market in the industrial machineryreport. This research report also lists seven other prominent vendors who are expected to gain market share over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top players contributing to the overall revenue of this market. The report includes market forecast of FEA in industrial machinery until 2019 with a breakdown of market shares by the leading regions, including APAC, Americas, and EMEA.
Shedding light on the key findings of this report, Technavio’s senior market research analyst for semiconductors and hardware, Navin Rajendra says, “Cloud computing provides vast space for data storage, ease of access, flexibility, and security. Companies that buy these solutions are increasingly showing their preference for cloud-based solutions for industrial machinery. Also, these end-users of FEA in industrial machinery are not required to pay license fees as they can access the software through the cloud itself. The deployment of FEA software in the cloud thus leads to faster distribution, low maintenance, and an increase in scalability for these companies. The leading market vendors of FEA will look to leverage this opportunity with increased investments in R&D over the next four years.”
Four of the leading FEA market players for industrial machinery
The strategy of Dassault Systèmes is to expand its 3DEXPERIENCE platform to the global industrial machinery industry. The company follows three major strategies to compete in the global FEA market in the industrial machinery industry. The company offers novel software and solutions for new disciplines and segments within the industry. For instance, it provides different software or solutions for product design, engineering and simulation, quality assurance and compliance, manufacturing, business operations and planning, and project management within a single industry. The company also offers cloud and mobile platforms for several PLM solutions. It provides design simulation on the cloud. Dassault Systèmes is witnessing increased adoption of its products in mobile devices following the advent of tablets. The company has acquired or partnered with several vendors to compete with other large vendors in this market.
MSC Software specializes in providing multidiscipline simulation solutions that accelerate product innovation. The company focuses on expanding its FEA market presence through various strategic initiatives, including product launches and partnerships.
The company’s Marc Nonlinear FEA software plays an important role in undergraduate teaching and composites research at Santa Clara University, California, US. The capabilities of this software are to simulate composite curing and shrinkage, and it is critical in the development of an optimal curing cycle that minimizes curing cycle time and part warpage.
MSC Software has also partnered with UNED, a Spain-based online university to allow students to obtain an advanced degree in FE method and CAE simulation. This post-graduate training program is targeting the professional application of the FE method and advanced commercial CAE software.
Siemens PLM Software’s overall strategy is to move from discrete industries toward hybrid and process industries. The company has a strong product offering for discrete manufacturing industries such as aerospace and defense, industrial machinery, and automotive. It has now extended its focus to hybrid and process industries. The hybrid industry is a mix of discrete and process manufacturing. Siemens PLM Software provides discrete solutions for these hybrid industries, and focuses on extending its services to the process industries as well.
The company provides solutions for managing complex packaging and software configuration management processes in the retail, fashion, and consumer packaged goods industries. For the global FEA market in the industrial machinery industry, the company follows a product expansion strategy following which it has developed NX Nastran to service highly advanced customer needs in the market.
ANSYS, a global engineering simulation software and service provider also follows a product expansion strategy to increase its revenue in the global FEA market in the industrial machinery industry. The company focuses on providing new technology to the end-users to increase productivity and to provide engineering simulation solutions with extended functionalities that can be integrated with CAD, electronic CAD, and PLM solutions.
The company provides FEA analysis tools to simulate every structural aspect of a product through the structural analysis software. The FEA tools offer unparalleled ease of use to help product developers focus on the most important part of the simulation process by understanding the results and the impact of design variations on the model.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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