Market Research Logo

Global Finite Element Analysis Market 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • About FEA
      • Table Overview of global FEA market
    • Top-vendor offerings
      • Table Product offerings of major vendors in global FEA market
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • PLM overview
    • Table Overview of PLM
    • Table Benefits of PLM
    • Role of PLM in product development
      • Table Role of PLM in product development
      • Table PLM software in product development
  • CAE overview
  • FEA cost analysis
    • Table Static problems: Linear and nonlinear
  • Market size and forecast
    • Table Global FEA market 2015-2020 ($ billions)
  • Five forces analysis
    • Table Five forces analysis
  • Geographical segmentation
    • Table Global FEA market by geography 2015 (% share)
    • Table Global FEA market by geography 2015 and 2020 ($ millions)
    • Table CAGR for geographical segments in global FEA market 2015-2020
    • APAC
      • Table FEA market in APAC 2015-2020 ($ millions)
    • Europe
      • Table Major aerospace and defense companies in Europe 2015
      • Table Revenue change of major European aerospace and defense companies 2014-2015 (%)
      • Table Major UK aerospace and defense product manufacturers
      • Table FEA market in Europe 2015-2020 ($ millions)
    • Americas
      • Table FEA market in Americas 2015-2020 ($ millions)
    • ROW
      • Table FEA market in ROW 2015-2020 ($ millions)
  • Product segmentation
    • Table Global FEA market by end-users 2015 (% share)
    • Automotive industry
      • Table FEA in automotive industry 2015-2020 ($ millions)
    • Aerospace and defense industry
      • Table FEA in aerospace and defense industry 2015-2020 ($ millions)
    • Electrical and electronics industry
      • Table FEA market in electrical and electronics industry 2015-2020
  • Buying criteria
    • Buying criteria for FEA
      • Table Buying criteria for FEA
  • Market drivers
    • Need for FEA for an efficient product development cycle
    • Increase in adoption of cloud-based FEA software
    • Growth in smartphone industry
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Delivery of limited FEA service packages
    • BEM acts as a substitute for FEA
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in outsourcing of FEA pre-processing to APAC
    • Production of next-generation vehicles in automotive industry
      • Table Rules and regulations to control CO and other poisonous gas emissions from vehicles
      • Table Electric/hybrid vehicles of major automotive manufacturers
  • Vendor landscape
    • Major players in global FEA market
    • Other prominent vendors and their products
      • Table Products of Aspen Technology
      • Table Modules of VA One and extension modules
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Finite Element Analysis Market 2016-2020

About Finite Element Analysis

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.

Technavio’s analysts forecast the global finite element analysis (FEA) market to grow at a CAGR of 13.03% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global finite element analysis (FEA) market for 2016-†. To calculate the market size, the report considers the revenue generated from the sales of FEA software only.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Finite Element Analysis (FEA) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ANSYS
  • Dassault Systèmes
  • MSC Software
  • Siemens PLM Software
Other prominent vendors
  • Altair
  • Aspen Technology
  • Autodesk
  • CD-adapco
  • COMSOL
  • ESI
  • Exa
Market driver
  • Increase in adoption of cloud-based FEA software
  • For a full, detailed list, view our report
Market challenge
  • Delivery of limited FEA service packages
  • For a full, detailed list, view our report
Market trend
  • Increase in outsourcing of FEA pre-processing to APAC
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Finite Element Analysis (FEA) Market 2016-2020

Technavio recognizes the following companies as the key players in the global finite element analysis (FEA) market: ANSYS, Dassault Systèmes, MSC Software, and Siemens PLM Software.

Other Prominent Vendors in the market are: Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, ESI, and Exa.

Commenting on the report, an analyst from Technavio’s team said: “Production of next-generation vehicles in automotive industry will be a key trend for market growth. The auto emission of harmful gases in the environment has increased the need to develop new automobile designs. The need arises to design new exhaust systems and next-generation engines to reduce auto emission and its impact on the environment. The global automotive industry finds new demands for developing smart and safer trucks and cars. With this demand, the industry finds automobiles incorporated with interactive infotainment systems, collision-avoidance systems, wireless communications technology, and navigation devices. Engineers are using simulation software such as FEA to design electric powertrains and cars. Toyota Motors uses Opera FEA of Chelton to simulate Prius electric motors use in Prius hybrid vehicles.”

According to the report, one of the key drivers for market growth will be increase in adoption of cloud-based finite element analysis software. Cloud computing provides a vast space for data storage, ease of access, flexibility, and security. Companies increasingly prefer to use cloud-based FEA software as it is cost effective. End-users do not have to pay license costs as they can access the software through the cloud. The deployment of FEA in cloud leads to a reduction in cost, faster distribution, low maintenance, and increase in scalability. FEA providers are continuously focusing on providing FEA through the cloud.Siemens PLM Software entered into a partnership with Rescale, a cloud-based simulation platform provider, to offer Siemens PLM Software NX Nastran through the cloud in 2014. NX Nastran is available on a pay-per-use model and can be used to perform several simulations such as noise, harshness, and vibration analysis.

Further, the report states that one of the challenges for the market will be delivery of limited finite element analysis service packages. The global FEA providers face a high demand for low-cost FEA products and services. With the high demand for low-cost FEA products, vendors are faced with the challenge to reduce the cost of their products. Vendors are reluctant to reduce the cost as it will directly impact profit margins of vendors. To meet the high demand for low-cost FEA, vendors are cutting costs involved in service packages and delivery. FEA vendors in developing countries have started offering limited service packages at a comparatively low cost, instead of the entire package. The adoption of such limited packages has led to inaccurate results in product design, simulation, and testing, which makes the use of FEA ineffective.

Companies Mentioned

ANSYS, Dassault Systèmes, MSC Software, Siemens PLM Software, Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, ESI, Exa.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report

;