Market Overview:
The global finite element analysis (FEA) software 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 in various industries such as automotive, aerospace and defense, electrical and electronics, and others. Additionally, the growing trend of cloud-based FEA software is also contributing to the growth of this market. However, factors such as high cost of ownership and lack of awareness about benefits offered by FEA software are restraining its growth. On the basis of type, cloud-based FEA software held a major share in 2017 and is expected to grow at a higher CAGR during the forecast period from 2018 to 2030. This can be attributed to its advantages such as low cost of ownership and easy accessibility over traditional on-premise FEA software solutions.
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Product Definition:
Finite Element Analysis (FEA) Software is a computer program used to calculate the strength and stability of objects by breaking them down into small, individual pieces. FEA is important because it allows engineers to predict how an object will behave under stress, which can help them make better design decisions.
Cloud-based:
Cloud-based software is a type of software that provides services over the internet. It can be used on computers, tablets, and smartphones through a web browser without any additional hardware. The cloud-based FEA software uses the internet to provide FEA solutions to its users.
On-premise:
On-premise software is a type of software that is installed and used directly by the end-users or customers. The on-premise software solutions do not depend on internet connectivity for their operation; hence, these solutions are more secure than Internet based solutions. On-premise FEA software can be easily customized to meet specific requirements of industrial manufacturers.
Application Insights:
The global finite element analysis software market is segmented by application into the automotive industry, aerospace and defense industry, electrical and electronics industry, other applications. The other applications segment includes medical devices manufacturing as well as food processing industries. In 2017, the automotive application accounted for a major share in the market due to extensive usage of FEA software in various parts of an automobile including engine compartment, body structure & panels (bonnet & doors), chassis interior (trunk), suspension bushings & joints and others.
Automotive was followed by aerospace and defense which accounted for over 20% of total share in 2017 owing to extensive usage of FEA solutions during aircraft design phase to analyze critical stress points along with determining compliance with structural weight limits on a particular part or assembly. Finite element analysis also provides information regarding fatigue failure modes that may affect component life or reliability at different stresses levels.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017. The growth of the regional market can be attributed to increasing government investments in infrastructure development and manufacturing sector. Moreover, rising demand for consumer electronics products is expected to drive product adoption across various industries, thereby driving the overall regional FEA software demand over the forecast period.
Europe accounted for a significant share of revenue generation owing to growing automotive industry and aerospace & defense segment in countries such as Germany, France, Italy and U.K., among others. In addition, presence of major aircraft manufacturers including Airbus S A., Leonardo Helicopters S .pA.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of 3D printing and additive manufacturing
- Rising demand for FEA software in the aerospace and defense industries
- Rapid growth of the semiconductor industry
- Increasing adoption of FEA software in the automotive sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Finite Element Analysis (FEA) Software 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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Finite Element Analysis (FEA) Software Market Report Segments:
The global Finite Element Analysis (FEA) Software 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
 Software Market Overview.svg)
Highlights of The Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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
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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?
FEA software is used to analyze and predict the behavior of structures, machines, and materials under various loading conditions.
Some of the major players in the finite element analysis (fea) software 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 finite element analysis (fea) software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Market Size & Forecast, 2018-2028
4.5.1 Finite Element Analysis (FEA) Software Market Size and Y-o-Y Growth
4.5.2 Finite Element Analysis (FEA) Software Market Absolute $ Opportunity
Chapter 5 Global Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Analysis and Forecast
9.1 Introduction
9.2 North America Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Analysis and Forecast
10.1 Introduction
10.2 Europe Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software 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) Finite Element Analysis (FEA) Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Finite Element Analysis (FEA) Software 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) Finite Element Analysis (FEA) Software 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) Finite Element Analysis (FEA) Software 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 Finite Element Analysis (FEA) Software Market: Competitive Dashboard
14.2 Global Finite Element Analysis (FEA) Software 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
