FEA Market in Industrial Machinery Market Growth by Deployment and Geography - Forecast and Analysis - 2022-2026

Published: Sep 2022

Pages: 134

SKU: IRTNTR74502

Snapshot

The FEA market in industrial machinery market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 10.32% and a CAGR of 10.56%, with the market share growing by USD 475.96 million during the forecast period 2021 to 2026.

This FEA market in industrial machinery market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the FEA market in industrial machinery market segmentation by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The finite element analysis (FEA) market in the industrial machinery market report also offers information on several market vendors, including Allegro Development Corp., Altair Engineering inc., ANSYS inc., Aspen Technology inc., Autodesk inc, Bentley Systems inc., COMSOL AB, Dassault Systemes SE, EGS Computers India Pvt. Ltd., ESI Group SA, Fidelis Engineering Associates, Hexagon Manufacturing Intelligence, Hitech Digital Solutions LLP, NUMECA International, PTC inc., Quest Integrity Group LLC, Siemens AG, SimEvolution AS, SimScale GmbH, and SoftinWay inc. among others.

What will the FEA Market in Industrial Machinery Market Size be During the Forecast Period?

Download Report Sample to Unlock the FEA Market in Industrial Machinery Market Size for the Forecast Period and Other Important Statistics

FEA Market in Industrial Machinery Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the FEA market in industrial machinery market.

Key FEA Market in Industrial Machinery Market Driver

The growing demand for analysis software is notably driving the finite element analysis market in industrial machinery market growth. Analysis software helps in predicting, validating, and optimizing products across the industrial machinery industry using accurate analyses. With the application of analysis software, device performance can be optimized, potential compliance issues can be identified and mitigated early in the design process, the number of physical prototypes required can be reduced, and the risk of test failures and recalls can be minimized. Thus, vendors operating in the global FEA market in the industrial machinery industry are innovating the FEA software. Thus, the growing demand for analysis software across the industrial machinery industry is expected to drive the growth of the market during the forecast period.

Key FEA Market in Industrial Machinery Market Trend

The growing trend of cloud-based FEA software is the primary trend driving the finite element analysis market in industrial machinery market growth. One of the key trends influencing the global FEA market in the industrial machinery industry is the growing preference for cloud- and mobile-based FEA software. This represents a significant technological advancement in the global FEA market in industrial machinery industry as it allows programmers and designers to access the software and collaborate on results with anyone from anywhere in the world. The deployment of FEA software on the cloud largely results in improved scalability, cost savings, and reduced maintenance. Hence, the adoption of cloud-based FEA software is expected to contribute to the growth of the market during the forecast period.

Key FEA Market in Industrial Machinery Market Challenge

The high cost of FEA software is the major challenge impeding the finite element analysis market in industrial machinery market growth. The cost involved in vibration analysis and stability analysis is prohibitively high for many end-users. FEA software is deployed to enhance the efficiency of the product using simulations during the design phase. Therefore, this software is available with a large number of features, which requires end-users to be trained to use them. Training on the upgrading of software is also essential to achieve optimal performance, but it is expensive. This discourages some companies from investing in FEA software, which, in turn, is expected to hinder the growth of the market during the forecast period.

This FEA market in industrial machinery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global finite element analysis (FEA) market in the industrial machinery market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the FEA market in the industrial machinery market during the forecast period.

Who are the Major FEA Market in Industrial Machinery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the finite element analysis (FEA) market in industrial machinery market encompasses successful business strategies deployed by the key vendors. The finite element analysis (FEA) market in industrial machinery market is fragmented, and the vendors are deploying growth strategies such as acquisitions and collaborations to compete in the market.

Product Insights and News

altair.com - The company offers FEA software such as the MAESTRO Basic Package.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report on the FEA market in industrial machinery market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.

FEA Market in Industrial Machinery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the finite element analysis (FEA) market in industrial machinery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for FEA Market in Industrial Machinery Market?

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the FEA market in industrial machinery market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The focus on increasing productivity and improving manufacturing processes will facilitate the FEA market in industrial machinery market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 severely impacted regional market growth. However, in 2021, the demand in the FEA market in the industrial machinery market rebounded as regional industrial operations resumed owing to the COVID-19 vaccination drives. Thus, these factors are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Deployment Segments in the FEA Market in Industrial Machinery Market?

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The FEA market in industrial machinery market share growth in the cloud-based segment will be significant during the forecast period. With the increasing demand for cloud-based solutions, vendors have started offering cloud-based FEA software. Thus, the demand for cloud-based solutions is likely to increase during the forecast period, owing to the increased adoption of simulation and analysis software among SMEs.

This report provides an accurate prediction of the contribution of all the segments to the growth of the FEA market in industrial machinery market size and actionable market insights on the post-COVID-19 impact on each segment.

FEA Market in Industrial Machinery Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 10.56%
Market growth 2022-2026	$475.96 million
Market structure	Fragmented
YoY growth (%)	10.32
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, Canada, Japan, China, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Allegro Development Corp., Altair Engineering inc., ANSYS inc., Aspen Technology inc., Autodesk inc, Bentley Systems inc., COMSOL AB, Dassault Systemes SE, EGS Computers India Pvt. Ltd., ESI Group SA, Fidelis Engineering Associates, Hexagon Manufacturing Intelligence, Hitech Digital Solutions LLP, NUMECA international, PTC inc., Quest Integrity Group LLC, Siemens AG, SimEvolution AS, SimScale GmbH, and SoftinWay inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this FEA Market in Industrial Machinery Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive the FEA market in industrial machinery market growth during the next five years
Precise estimation of the FEA market in industrial machinery market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the FEA market in industrial machinery industry across North America, Europe, APAC, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the FEA market in industrial machinery market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments
- Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

5.2 Comparison by Deployment
- Exhibit 26: Chart on Comparison by Deployment
- Exhibit 27: Data Table on Comparison by Deployment

5.3 Cloud-based - Market size and forecast 2021-2026
- Exhibit 28: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)

5.4 On-premise - Market size and forecast 2021-2026
- Exhibit 32: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on On-premise - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on On-premise - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Deployment
- Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 Canada - Market size and forecast 2021-2026
- Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Altair Engineering Inc.
- Exhibit 89: Altair Engineering Inc. - Overview
- Exhibit 90: Altair Engineering Inc. - Business segments
- Exhibit 91: Altair Engineering Inc. - Key offerings
- Exhibit 92: Altair Engineering Inc. - Segment focus

10.4 ANSYS Inc.
- Exhibit 93: ANSYS Inc. - Overview
- Exhibit 94: ANSYS Inc. - Business segments
- Exhibit 95: ANSYS Inc. - Key news
- Exhibit 96: ANSYS Inc. - Key offerings
- Exhibit 97: ANSYS Inc. - Segment focus

10.5 Aspen Technology Inc.
- Exhibit 98: Aspen Technology Inc. - Overview
- Exhibit 99: Aspen Technology Inc. - Business segments
- Exhibit 100: Aspen Technology Inc. - Key offerings
- Exhibit 101: Aspen Technology Inc. - Segment focus

10.6 Autodesk Inc
- Exhibit 102: Autodesk Inc - Overview
- Exhibit 103: Autodesk Inc - Product / Service
- Exhibit 104: Autodesk Inc - Key news
- Exhibit 105: Autodesk Inc - Key offerings

10.7 COMSOL AB
- Exhibit 106: COMSOL AB - Overview
- Exhibit 107: COMSOL AB - Product / Service
- Exhibit 108: COMSOL AB - Key offerings

10.8 Dassault Systemes SE
- Exhibit 109: Dassault Systemes SE - Overview
- Exhibit 110: Dassault Systemes SE - Product / Service
- Exhibit 111: Dassault Systemes SE - Key news
- Exhibit 112: Dassault Systemes SE - Key offerings

10.9 ESI Group SA
- Exhibit 113: ESI Group SA - Overview
- Exhibit 114: ESI Group SA - Business segments
- Exhibit 115: ESI Group SA - Key news
- Exhibit 116: ESI Group SA - Key offerings
- Exhibit 117: ESI Group SA - Segment focus

10.10 Hexagon Manufacturing Intelligence
- Exhibit 118: Hexagon Manufacturing Intelligence - Overview
- Exhibit 119: Hexagon Manufacturing Intelligence - Product / Service
- Exhibit 120: Hexagon Manufacturing Intelligence - Key offerings

10.11 NUMECA International
- Exhibit 121: NUMECA International - Overview
- Exhibit 122: NUMECA International - Business segments
- Exhibit 123: NUMECA International - Key offerings
- Exhibit 124: NUMECA International - Segment focus

10.12 Siemens AG
- Exhibit 125: Siemens AG - Overview
- Exhibit 126: Siemens AG - Business segments
- Exhibit 127: Siemens AG - Key news
- Exhibit 128: Siemens AG - Key offerings
- Exhibit 129: Siemens AG - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources

11.5 List of abbreviations
- Exhibit 135: List of abbreviations

Methodology

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

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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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