FEA in the Automotive Sector: Global Market Analysis 2015-2019
- Published: Nov 2015
- Pages: 106
- SKU: IRTNTR7082
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Market overview of FEA in the automotive sector
The global FEA market in the automotive industry is likely surpass $928 million by 2019. FEA software helps in developing virtual prototypes of the products designed to carry out the simulation processes. Its implementation helps avoid all types of costs involved in the designing of a physical prototype. It not only reduces the product design cost but also helps in minimizing other costs associated with warranty and product return costs.
Technavio’s market research analyst predicts that the market will to experience high adoption among automotive manufacturers during the forecast period. Companies such as Mahindra Two Wheelers, with the adoption of a popular FEA software, Adams, witnessed a quicker marketing cycle by saving almost 21 weeks. The software has also helped Kiekert to design a child safety lock in just three weeks. With many similar offerings in the pipeline, market demand for FEA is predicted to swell in the coming four years.
Market outlook of the key regions for FEA in the automotive sector
- Americas
- EMEA
- APAC
The global FEA market in the automotive industry generates a majority of the revenues from Americas. High R&D investment is one of the major factor contributing to the growth of the market. For instance, automotive industry R&D investment in The US accounted for $18 billion in 2013. These investments were used for purchasing new technology, hardware, software, including FEA for innovations.
Segmentation analysis of the leading countries for FEA in the automotive sector
- US
- Canada
- Mexico
- Others
The automotive industry in the US is the second largest automotive industry in the world after China. The sales of passenger vehicles and light commercial vehicles in the country accounted for more than 16 million units in 2014. It is augmented by the wide presence of major automakers in the country making it an attractive location for assembling units.
Key vendor analysis for FEA in the automotive sector
- Altair
- Aspen
- Autodesk
- CD-adapco
- COMSOL
- ESI
- Exa
- NEi
The need to expand and enhance existing FEA offerings, market vendors are increasingly taking the M&A route. With the growing need to develop new automobile designs, this market trend is expected to continue during the forecast period.
Key questions answered in the report
- What are the key factors driving the FEA in the automotive sector?
- What are the key market trends impacting the growth of the FEA in the automotive sector?
- What are the various opportunities and threats faced by the vendors in the FEA in the automotive sector?
- Trending factors influencing the market shares for the FEA in the automotive sector?
- Key outcome of the five forces analysis on the FEA in the automotive sector?
- Trending factors influencing the market shares for EMEA, APAC, and Americas?
- Growth forecast of the FEA in the automotive sector?
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Related reports
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market Overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
PLM Market Overview
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
FEA Market in the Automotive Industry in Americas
FEA Market in the Automotive Industry in APAC
FEA Market in the Automotive Industry in EMEA
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
Competitive Landscape
PART 13: Prominent vendor analysis
ANSYS
Dassault Systèmes
Siemens PLM Software
MSC Software
PART 14: Other prominent vendor analysis
Altair
Aspen Technology
Autodesk
CD-adapco
COMSOL
ESI Group
Exa
PART 15: Appendix
List of abbreviation
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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