Market Overview:
The global finite element analysis tools market is expected to grow from USD 1.02 billion in 2018 to USD 2.06 billion by 2030, at a CAGR of 9.5% during the forecast period. The growth of the market can be attributed to the increasing demand for cloud-based and on-premises finite element analysis tools across various industries, such as automotive, aerospace & defense, and manufacturing. Furthermore, the growing adoption of finite element analysis tools among engineers, researchers, and educators for product development and research purposes is also fueling the growth of this market.
Product Definition:
Finite element analysis tools are used to determine the stresses and strains in a structure by dividing it into small, finite elements. This information can be used to help design or improve the strength of the structure.
Cloud-based:
Cloud-based is a software model that provides shared pool of processing resources and storage. It helps in reducing cost, time & complexity of computing processes. Cloud-based solutions are gaining popularity due to its benefits such as flexibility, scalability & reliability which increases application performance by eliminating issues related to system downtime and data loss.
The global increase in demand for high volume compute applications has led to the growth of cloud-based FEA tools market over the forecast period.
On-premises:
On-premises is a term used for computer software and hardware installed at the customer's site. It may be used synonymously with the term “servers and storage” or “on-site”, depending on the context. On-premises solutions are increasingly being adopted due to their capability of providing greater control over systems as well as data.
Application Insights:
The application segment is segregated into two parts, namely engineers and researchers. The former use the tools for designing and analyzing components while the latter use them for teaching and research purposes. In terms of revenue, the engineering segment dominated the market with a share of over 60% in 2017 owing to increased product adoption by companies such as Boeing, Airbus Industries, Lockheed Martin Corporation among others.
In addition to being used in aerospace applications globally due to its high accuracy requirements (less than 0.01%), FEA is also used extensively in other industries such as automotive & transportation (to analyze stress & strain on vehicle body structure) or machinery & equipment manufacturing (to analyze stresses induced during operation). Moreover, it helps determine criticality of failure under different loading conditions thereby making it an ideal solution in various applications across industry verticals globally.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government investments in infrastructure development, coupled with rising industrialization across emerging economies such as China and India. In addition, growing demand for advanced technologies that provide accurate solutions through finite element analysis is anticipated to drive regional market growth.
Europe also held a significant share of global revenue in 2017 owing to increased adoption of these tools by civil engineering departments at various universities and colleges across Europe. Moreover, presence of major players such as Siemens AG; Beumer Group GmbH; AITech Corporation; Dassault Syst¨mes inc.; Computational Methods Centre Ltd.; SolidWorks Corp.; among others are contributing towards regional market growth.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of 3D printing technology
- Rising demand for advanced engineering solutions in automotive and aerospace industries
- Proliferation of internet of things (IoT) and big data analytics
- Emergence of new materials such as graphene and carbon nanotubes
Scope Of The Report
Report Attributes
Report Details
Report Title
Finite Element Analysis Tools Market Research Report
By Type
Cloud-based, On-premises
By Application
Engineers, Researchers, Educatiion
By Companies
Ansys, Autodesk, Comsol, Dassault Systemes, Dlubal Software, Element, ESI Group, Hexagon (MSC Software), IronCAD, Moldex3D, PTC, Siemens, SimScale, SimWise
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Finite Element Analysis Tools Market Report Segments:
The global Finite Element Analysis Tools market is segmented on the basis of:
Types
Cloud-based, On-premises
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
Engineers, Researchers, Educatiion
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
- Autodesk
- Comsol
- Dassault Systemes
- Dlubal Software
- Element
- ESI Group
- Hexagon (MSC Software)
- IronCAD
- Moldex3D
- PTC
- Siemens
- SimScale
- SimWise
Highlights of The Finite Element Analysis Tools 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-premises
- By Application:
- Engineers
- Researchers
- Educatiion
- 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 Tools 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Finite element analysis tools are a set of software programs that allow engineers to analyze the behavior of structures and materials under various loading conditions. The software can be used to calculate stresses in different parts of a structure, identify potential failure points, and recommend corrective measures.
Some of the major players in the finite element analysis tools market are Ansys, Autodesk, Comsol, Dassault Systemes, Dlubal Software, Element, ESI Group, Hexagon (MSC Software), IronCAD, Moldex3D, PTC, Siemens, SimScale, SimWise.
The finite element analysis tools market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finite Element Analysis Tools 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 Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finite Element Analysis Tools 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 Tools 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 Tools Market Size & Forecast, 2018-2028
4.5.1 Finite Element Analysis Tools Market Size and Y-o-Y Growth
4.5.2 Finite Element Analysis Tools Market Absolute $ Opportunity
Chapter 5 Global Finite Element Analysis Tools 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 Tools Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Finite Element Analysis Tools 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 Tools Market Size Forecast by Applications
6.2.1 Engineers
6.2.2 Researchers
6.2.3 Educatiion
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finite Element Analysis Tools 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 Tools 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 Tools Analysis and Forecast
9.1 Introduction
9.2 North America Finite Element Analysis Tools 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 Tools Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
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 Tools Market Size Forecast by Applications
9.10.1 Engineers
9.10.2 Researchers
9.10.3 Educatiion
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 Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Finite Element Analysis Tools 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 Tools Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
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 Tools Market Size Forecast by Applications
10.10.1 Engineers
10.10.2 Researchers
10.10.3 Educatiion
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 Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Finite Element Analysis Tools 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 Tools Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
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 Tools Market Size Forecast by Applications
11.10.1 Engineers
11.10.2 Researchers
11.10.3 Educatiion
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 Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Finite Element Analysis Tools 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 Tools Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
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 Tools Market Size Forecast by Applications
12.10.1 Engineers
12.10.2 Researchers
12.10.3 Educatiion
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 Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Finite Element Analysis Tools 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 Tools Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
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 Tools Market Size Forecast by Applications
13.10.1 Engineers
13.10.2 Researchers
13.10.3 Educatiion
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 Tools Market: Competitive Dashboard
14.2 Global Finite Element Analysis Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ansys
14.3.2 Autodesk
14.3.3 Comsol
14.3.4 Dassault Systemes
14.3.5 Dlubal Software
14.3.6 Element
14.3.7 ESI Group
14.3.8 Hexagon (MSC Software)
14.3.9 IronCAD
14.3.10 Moldex3D
14.3.11 PTC
14.3.12 Siemens
14.3.13 SimScale
14.3.14 SimWise
