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Global Finite Element Analysis Market 2016-2020

  • Published: Aug 2016
  • Pages: 67
  • SKU: IRTNTR9851
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This industry research report identifies ANSYS, Dassault Systèmes, MSC Software, and Siemens PLM Software as the key vendors in the global finite element analysis (FEA) market. This report also presents a competitive analysis of the market by end-users (automotive industry, electrical and electronics industry, aerospace and defense industry, and others) and by geography (the Americas, APAC, Europe, and ROW).

Overview of the global finite element analysis (FEA) market

Market research analysts at Technavio have predicted that the global FEA market will grow steadily at a CAGR of more than 13% by 2020. This market research analysis identifies the need for improved efficiency as one of the primary growth factors for this market. Since integrated software solutions substantially reduce the product development cycle time and increase efficiencies, there is an increasing demand for such software from end-users. It also enables engineers and stakeholders to participate in product development and improve the collective product design. Additionally, integrated software also improves the design optimization of complex and innovative products and facilitates faster marketing as it eliminates the need for multiple prototypes and product recall concerns. Since finite element analysis software can be integrated with several design and simulation software such as CAD, CAM, and CAE, there will be a considerable increase in their demand in the coming years.

Complexities in mesh generation during the pre-processing phase of FEA analysis is one of the existing challenges faced by companies. Designers have the need to develop a fine mesh that would help in the mathematical analysis. It also helps in understanding the real-time behavior of the material when subjected to specific stress and loads. FEA pre-processing costs approximately 43% of the overall investment and the availability of low-cost skilled workforce in APAC will induce customers to outsource their FEA pre-processing requirements to this region in the next few years.

Competitive landscape and key vendors

This global market appears to be fragmented due to the presence of several international and regional vendors offering FEA analysis software to various end-users. Vendors focus on introducing innovative products in the market, which provides end-users with several options to choose from. As a result, the competition among the international and regional vendors is very high, and is expected to further intensify during the forecast period due to the availability of open source and free software.

The leading vendors in the market are -

  • ANSYS
  • Dassault Systèmes
  • MSC Software
  • Siemens PLM Software

The other prominent vendors in the market are Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, ESI Group, and Exa.

Segmentation by end-users and analysis of the FEA market

  • Aerospace and defense industry
  • Automotive industry
  • Electrical and electronics industry

By accounting for more than 34% of the total shares of the market, the automotive industry was the major end-user of FEA software during 2015. 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.

Geographical segmentation and analysis of the FEA market

  • Americas
  • APAC
  • Europe
  • ROW

This market study estimates that in terms of geographical regions, the Americas will dominate the global market throughout the forecast period and will post an impressive revenue of more than USD 998 million by 2020.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.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global FEA market?
  • What are the key market trends impacting the growth of the global FEA market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global FEA market?
  • What are the market opportunities and threats faced by the vendors in the global FEA market?
  • Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW.
  • What are the key outcomes of the five forces analysis of the global FEA market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

The finite element analysis (FEA) is a software, mainly used in engineering, which evaluates the functionality of a product design before the production of its prototypes. Several manufacturing industries use the FEA software to evaluate the structural strength and behavior, modeling, simulation, and design optimization of products. The application of FEA software aids the end-users to produce quality products, reduce expenses, improve product design, and accomplish faster product development time. The major end-users of FEA include automotive, electrical and electronics, industrial machinery, and aerospace and defense industries.

The report, global FEA market, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • About FEA
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: PLM overview

  • Role of PLM in product development

PART 06: CAE overview

PART 07: FEA cost analysis

PART 08: Market size and forecast

PART 09: Five forces analysis

PART 10: Geographical segmentation

  • APAC
  • Europe
  • Americas
  • ROW

PART 11: Product segmentation

  • Automotive industry
  • Aerospace and defense industry
  • Electrical and electronics industry

PART 12: Buying criteria

  • Buying criteria for FEA

PART 13: Market drivers

  • Need for FEA for an efficient product development cycle
  • Increase in adoption of cloud-based FEA software
  • Growth in smartphone industry

PART 14: Impact of drivers

PART 15: Market challenges

  • Delivery of limited FEA service packages
  • BEM acts as a substitute for FEA

PART 16: Impact of drivers and challenges

PART 17: Market trends

  • Increase in outsourcing of FEA pre-processing to APAC
  • Production of next-generation vehicles in automotive industry

PART 18: Vendor landscape

  • Major players in global FEA market
  • Other prominent vendors and their products

PART 19: Appendix

  • List of abbreviations

PART 20: Explore Technavio

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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