Finite element analysis helps to evaluate the functionality of a given product design before its prototype is produced. It is used in various manufacturing industries for estimation of structural strength and behavior, modeling, simulation, and design optimization.
Scope of the Report:This report studies the Finite Element Analysis market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Finite Element Analysis market by product type and applications/end industries.
The automotive industry was the major end-user of FEA software. The automotive industry uses finite element analysis software for the estimation of structural strength and behavior, modeling, simulation, and design optimization. The adoption of FEA enables a reduction in product design time, operational costs, and also lesser marketing time, which, in turn, improves the overall productivity. High R&D investments will also lead to the rise in purchase of FEA software and services; thus, fueling market growth in this industry segment.
This market study estimates that in terms of geographical regions, the Americas will dominate the global market. Much of this growth can be attributed to the exponential increase in the growth of the R&D sector and continuous support from the government since this will attract several product lifecycle management and FEA software companies to start R&D facilities in this region.
The global Finite Element Analysis market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Finite Element Analysis.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Ansys
CD-adapco
Dassault Systemes
Mentor Graphics
MSC Software
Siemens PLM Software
Altair Engineering
AspenTech
Autodesk
Computational Engineering International
ESI Group
Exa Corporation
Flow Science
NEi Software
Numeca International
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Modeling
Simulation
Design Optimization
Other
Market Segment by Applications, can be divided into Automotive
Aerospace and Defense
Electrical and Electronics
Industrial Machinery
Other
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
