Market Overview:
The global FEA (Finite Element Analysis) market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for FEA software from various end-use industries, such as automotive, aerospace and defense, electrical and electronics, and others. Additionally, the growing trend of cloud-based FEA solutions is also contributing to the growth of this market. However, factors such as high implementation costs and lack of skilled professionals are restraining the growth of this market.
 Industry Outlook.svg)
Product Definition:
The finite element analysis (FEA) is a numerical technique used to analyze the stresses and deformations in engineering structures. The FEA allows to predict the behavior of a structure by breaking it down into small elements and solving the equations that govern their interaction. This approach is more accurate than using simplified models, and it can be used to analyze complex geometries. The FEA is important because it helps engineers design safe and durable structures.
Cloud-based:
Cloud-based is a software model that provides shared computer resources over the internet. It is an emerging technology at present and has been witnessing rapid growth in recent years. Cloud-based solutions are gaining popularity owing to benefits such as increased efficiency, cost-effectiveness, and flexibility offered by them. In addition, these solutions help organizations in reducing IT costs while increasing productivity.
On-premise:
On-premise software is a type of software that is installed and used on the end user's own computer. The advantage of using this type of software over cloud-based solutions is that there are no restrictions on usage or number of users, and the end-user can modify the solution as per their requirements. On-premise FEA tools also offer data security to their users by allowing them to store data in a private cloud within an organization’s network.
Application Insights:
The automotive industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for advanced automobiles with enhanced performance capabilities. In addition, FEA provides solutions for designing complex automotive parts with high accuracy, which are critical in nature as they are used in many functional areas of an automobile including suspension, engine and transmission mounts.
The aerospace & defense industry is also anticipated to witness significant growth during the forecast period owing to growing government expenditure on military modernization programs along with rising passenger traffic and air cargo transportation globally. Moreover, FEA helps analyze various structural components such as fuselage structure; bulkheads; wings; vertical stabilizers & tail fins made from composite materials using a variety of methods such as stress analysis or deflection measurement depending upon geometry characteristics of these components under load conditions. These aforementioned factors are projected to drive product adoption across various industries over the coming years.
Regional Analysis:
The European market dominated the global industry in 2017. The presence of major aircraft manufacturers such as Airbus and Rolls-Royce has fueled the growth of the aerospace sector in Europe, thereby driving FEA adoption across this region. Moreover, increasing defense expenditure by countries including Russia and China is expected to drive demand for 3D printed metal parts used in aerostructure components over the forecast period.
Asia Pacific is anticipated to be one of the fastest growing markets owing to rapid industrialization coupled with increasing government spending on infrastructure development projects in India and China. In addition, rising automotive production due to low manufacturing cost coupled with favorable regulations aimed at promoting domestic manufacturing activities may propel regional growth over the next eight years.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of electric and hybrid vehicles
- Rising demand for advanced safety features in automobiles
- Proliferation of autonomous cars and advanced driver assistance systems (ADAS)
- Increasing adoption of 3D printing in automotive manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
FEA (Finite Element Analysis) Market Research Report
By Type
Cloud-based, On-premise
By Application
Automotive Industry, Aerospace and Defense Industry, Electrical and Electronics Industry, Other
By Companies
ANSYS, Altair Engineering, Dassault Systemes, Hexagon AB (MSC Software), PTC, Siemens, Autodesk, NUMECA, Applied Math Modeling, Ceetron, Keysight Technologies, COMSOL AB, ESI Group, AspenTech, MathWorks, Convergent Science, Flow Science, NEi Software, SimScale GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global FEA (Finite Element Analysis) Market Report Segments:
The global FEA (Finite Element Analysis) market is segmented on the basis of:
Types
Cloud-based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Industry, Aerospace and Defense Industry, Electrical and Electronics Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ANSYS
- Altair Engineering
- Dassault Systemes
- Hexagon AB (MSC Software)
- PTC
- Siemens
- Autodesk
- NUMECA
- Applied Math Modeling
- Ceetron
- Keysight Technologies
- COMSOL AB
- ESI Group
- AspenTech
- MathWorks
- Convergent Science
- Flow Science
- NEi Software
- SimScale GmbH
 Market Overview.svg)
Highlights of The FEA (Finite Element Analysis) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premise
- By Application:
- Automotive Industry
- Aerospace and Defense Industry
- Electrical and Electronics Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FEA (Finite Element Analysis) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Finite Element Analysis (FEA) is a computer-aided engineering technique used to analyze the behavior of structures and systems in three dimensions. FEA uses mathematical models to calculate the forces, moments, and stresses within a structure or system.
Some of the key players operating in the fea (finite element analysis) market are ANSYS, Altair Engineering, Dassault Systemes, Hexagon AB (MSC Software), PTC, Siemens, Autodesk, NUMECA, Applied Math Modeling, Ceetron, Keysight Technologies, COMSOL AB, ESI Group, AspenTech, MathWorks, Convergent Science, Flow Science, NEi Software, SimScale GmbH.
The fea (finite element analysis) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FEA (Finite Element Analysis) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FEA (Finite Element Analysis) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FEA (Finite Element Analysis) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FEA (Finite Element Analysis) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FEA (Finite Element Analysis) Market Size & Forecast, 2020-2028
4.5.1 FEA (Finite Element Analysis) Market Size and Y-o-Y Growth
4.5.2 FEA (Finite Element Analysis) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Industry
6.2.2 Aerospace and Defense Industry
6.2.3 Electrical and Electronics Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FEA (Finite Element Analysis) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FEA (Finite Element Analysis) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Industry
9.10.2 Aerospace and Defense Industry
9.10.3 Electrical and Electronics Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Industry
10.10.2 Aerospace and Defense Industry
10.10.3 Electrical and Electronics Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Industry
11.10.2 Aerospace and Defense Industry
11.10.3 Electrical and Electronics Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Industry
12.10.2 Aerospace and Defense Industry
12.10.3 Electrical and Electronics Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Industry
13.10.2 Aerospace and Defense Industry
13.10.3 Electrical and Electronics Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FEA (Finite Element Analysis) Market: Competitive Dashboard
14.2 Global FEA (Finite Element Analysis) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ANSYS
14.3.2 Altair Engineering
14.3.3 Dassault Systemes
14.3.4 Hexagon AB (MSC Software)
14.3.5 PTC
14.3.6 Siemens
14.3.7 Autodesk
14.3.8 NUMECA
14.3.9 Applied Math Modeling
14.3.10 Ceetron
14.3.11 Keysight Technologies
14.3.12 COMSOL AB
14.3.13 ESI Group
14.3.14 AspenTech
14.3.15 MathWorks
14.3.16 Convergent Science
14.3.17 Flow Science
14.3.18 NEi Software
14.3.19 SimScale GmbH
