Enjoy complimentary customisation on priority with our Enterprise License!
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.
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.
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.
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.
Technavio also offers customization on reports based on specific client requirement.
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
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.