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 report contains market size and forecasts of Finite Element Analysis (FEA) Software in Global, including the following market information:
Global Finite Element Analysis (FEA) Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Finite Element Analysis (FEA) Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Finite Element Analysis (FEA) Software include ANSYS, Altair Engineering, Dassault Systemes, Hexagon AB (MSC Software), PTC, Siemens, Autodesk, NUMECA and Applied Math Modeling, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Finite Element Analysis (FEA) Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Finite Element Analysis (FEA) Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Finite Element Analysis (FEA) Software Market Segment Percentages, by Type, 2021 (%)
Cloud-based
On-premise
Global Finite Element Analysis (FEA) Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Finite Element Analysis (FEA) Software Market Segment Percentages, by Application, 2021 (%)
Automotive Industry
Aerospace and Defense Industry
Electrical and Electronics Industry
Other
Global Finite Element Analysis (FEA) Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Finite Element Analysis (FEA) Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Finite Element Analysis (FEA) Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Finite Element Analysis (FEA) Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ANSYS
Altair Engineering
Dassault Systemes
Hexagon AB (MSC Software)
PTC
Siemens
Autodesk
NUMECA
Applied Math Modeling
Ceetron
Keysight Technologies
COMSOL AB
ESI Group
AspenTech
MathWorks
Convergent Science
Flow Science
NEi Software
SimScale GmbH