Finite element (FEA) Software Market: Introduction

  • Finite element analysis (FEA) software is used to virtually test and predict the behavior of structures and solve complex structural engineering problems subjected to dynamic and static loading conditions. In addition, FEA software is used to perform simulations structure, which includes linear static and nonlinear quasi-static analyses.
  • Finite element analysis (FEA) software is a computerized method to predict how a product reacts to real- world forces such as heat, vibration, fluid flow, and other physical effects. It also predicts the behavior of products affected by physical effects that include mechanical stress, mechanical vibration, fatigue, motion, heat transfer, electrostatics, and plastic injection molding.
  • COVID-19 has adversely affected the finite element analysis (FEA) software market, due to decline in production and shutdowns across the world. The situation is exacerbated by staff shortages, and pressure on the existing infrastructure as firms scramble to deal with the impact of COVID-19. Hence, the disruption on manufacturing industries caused by COVID-19 has severe operational, social, and financial consequences, which in turn has affected the growth of the finite element analysis software market.
finite element analysis software market

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Finite element analysis (FEA) Software Market: Dynamics

Global Finite element analysis (FEA) Software Market: 

  • Rising new fabrication materials - shape-memory alloys (SMAs) such as Nitinol and composites such as carbon-fiber-reinforced polymer (CFRP), is expected to boost the FEA software market. Introduction of new materials will push software developers to exploit the opportunity in industries.
  • The trend of cloud and mobile-based FEA software, which enables designers and programmers to access the software and collaborate on results with anyone and from anywhere across the globe is expected to fuel the FEA software market.
  • FEA software also eliminates the hassle of multiple prototypes, product recalls, and consumption of material, which is its major advantage. This drives the growth in R&D facilities across various industries globally, in turn, boosting the FEA software market.
  • Rising demand for automobiles across the world is expected to accelerate the growth of the FEA software market. Automotive OEMs are aggressively developing new automobile and component designs such as next-generation IC engines and exhaust systems to curb vehicular emission and its impact on the environment. FEA software is the most cost-effective and fastest way to develop new products while improving quality and reliability of the product. This factor is likely to trigger the growth of the finite element analysis software market.

North America to Account for Major Share of the Global Finite Element Analysis (FEA) Software Market

  • In terms of region, the global finite element analysis (FEA) software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America is anticipated to lead the global finite element analysis (FEA) software market, due to well established players and rising adoption of FEA software for the production and manufacturing of automobiles and aerospace in the region.
  • Europe is expected to hold a significant share of the FEA software market due to rise in R&D investments in the manufacturing sector and increasing initiatives for manufacturing automobiles.
  • The finite element analysis (FEA) software market in Asia Pacific is expected to hold significant share due to rising adoption of FEA software across developing countries such as China and India. This is expected to fuel the growth of the finite element analysis (FEA) software market across Asia Pacific. In addition, the China government has launched an initiative called ‘Made in China 2025,’ to promote industrial growth. In the same way, India launched the ‘Make in India’ initiative to promote the growth of manufacturing facilities. Such initiatives across Asia Pacific are likely to increase the demand for efficient manufacturing in the region, which in turn will trigger the growth of the finite element analysis (FEA) software market.
finite element analysis software market 1

Looking for exclusive expert insights from business experts? Request a custom report

Global Finite element analysis (FEA) Software Technology Market: Competitive Landscape

Key Players Operating in the Global Finite Element Analysis (FEA) Software Market

Local, regional, and international players are present in the finite element analysis (FEA) software market. The market is highly consolidated, with top manufacturers accounting for approximately 25%–30% of the market share. Key players operating in the global finite element analysis (FEA) software market are:

  • ANSYS, Inc.
  • Autodesk Inc.
  • ceetron.com
  • COMSOL INC.
  • Dlubal Software GmbH
  • Lauterbach Verfahrenstechnik GmbH
  • Manor Tool & Manufacturing Company
  • Murata Software Co., Ltd.
  • RUBBERATKINS
  • Sabalcore Computing, Inc.
  • Siemens Industry Software Inc.
  • SimScale GmbH
  • SimuTech Group
finite element analysis software market 2

Global Finite Element Analysis (FEA) Software Market: Research Scope

Global Finite Element Analysis (FEA) Software Market Segmentation, by Deployment

  • Cloud
  • On-premise

Global Finite Element Analysis (FEA) Software Market Segmentation, by Type

  • Modelling
  • Simulation
  • Design Optimization

Global Finite Element Analysis (FEA) Software Market Segmentation, by Application  

  • Heavy Machinery
  • Additive Manufacturing
  • Industrial Equipment
  • Automotive and Aircraft Parts
  • Bridge design
  • Medical Cases

Global Finite Element Analysis (FEA) Software Market Segmentation, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • U.A.E.
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Finite Element Analysis Analysis Software Market

Pre Book