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.
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.
In 2018, the global Finite Element Analysis market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Finite Element Analysis status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Finite Element Analysis development in United States, Europe and China.
The key players covered in this study
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 Type, the product can be split into
Modeling
Simulation
Design Optimization
Other
Market segment by Application, split into
Automotive
Aerospace and Defense
Electrical and Electronics
Industrial Machinery
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Finite Element Analysis status, future forecast, growth opportunity, key market and key players.
To present the Finite Element Analysis development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Finite Element Analysis are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Finite Element Analysis. Industry analysis & Market Report on Finite Element Analysis is a syndicated market report, published as Global Finite Element Analysis Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Finite Element Analysis market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.