Finite Element Analysis Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Report Code: ITR 76891 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Finite element analysis Market is forecast to reach $3.06 billion by 2025, at a CAGR of 9.1% during 2020-2025. Increasing requirement of finite element analysis for efficient product development cycle and its applications in production of next generation automobiles and aerospace technology will be a key trend for the growth of finite element analysis software market. The increase in R&D investments in manufacturing sector and rise in initiatives by several countries are the major factors for the growth of the market. In 2018, China government has launched an initiative called ‘Made in China 2025’ to promote industrial growth. Similarly India launched ‘Make in India’ initiative to promote the growth of manufacturing facilities. Such initiatives are likely to increase the demand for efficient manufacturing, thereby accelerating the demand for Finite element analysis Market.

Report Coverage

The report: “Finite element analysis Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Finite element analysis Market.


Key Takeaways

  • Asia-Pacific dominates the Finite element analysis market owing to rising production of automobiles and challenges on product design in manufacturing sector.
  • Design Optimization on the Finite Element analysis case is likely to register highest CAGR due to rising deployment of advanced technology in modern automobiles.
  • Finite element analysis in automotive industry is likely to grow at a highest CAGR owing to its applications such as reducing the product design time, operational costs, and also lesser marketing time.
  • Major companies in Finite element analysis market include ANSYS, Dassault Systems, MSC Software, Siemens PLM Software, Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL Multiphysics, ESI Group among others.

Type - Segment Analysis

Design Optimization on the Finite Element analysis case is likely to register highest CAGR of 8.5% due to rising deployment of advanced technology in modern automobiles. The growing adoption of electric and hybrid vehicles and rising demand for safety and comfort in modern automobiles will be the key driving factors for design optimization on the Finite Element analysis case. Finite element analysis method is effectively used to solve the problem of whole deformation and stress distribution of complex parts and provides a strong support for the strength and stiffness analysis design of the transmission shell, suspension systems, brake systems, wheels and other auto parts in automobiles. Thus increased demand for cars will create an opportunity for Finite Element analysis. For instance BMW and Mercedes sold approximately 11000 and 15538 cars in 2018 with an increase of Y-o-Y growth of approximately 13% and 2% respectively.

Application - Segment Analysis

Finite element analysis in automotive industry is likely to grow at a highest CAGR of 7.5% in                 the forecast period. Increased adoption of FEA to enables a reduction in product design time, operational costs, and also lesser marketing time. Several automobile manufacturers use applications of Finite element analysis. For Instance Toyota Motors uses Opera FEA of Chelton to simulate Prius electric motors use in Prius hybrid vehicles. Similarly, General Motors automobiles have been evaluated and developed using the finite element method. On the other hand 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.

Geography - Segment Analysis

In 2018, APAC dominated the Finite Element analysis market share with more than 35%, followed by Europe. The economy of APAC is majorly influenced by the countries such as China and India. Automobile manufacturers in these countries faced with many challenges on product design such as superior performance, faster time to market and erosion in profit margins development for such challenges, Finite Element Analysis has become the mainstay to accelerate new product development in automobiles. On the other hand these countries are creating opportunities for this market by increased sales of automobiles. For instance, China is continuously creating opportunity for Finite element analysis market with the increased sales of automobiles in this region. The annual production of BMW in China increased to 450,000 vehicle units from 144,274 vehicle units, since 2017, from its house manufacturing plants. Along with the increase in the production, the company has also invested $1.14 billion for expanding its production line for its newer models. This plan will enforce automobile manufacturers to implement new technology to achieve the same, thereby creating opportunity for Finite Element analysis market.

Drivers –Finite Element Analysis Market

  • Growing demand for simulation software in finite Element Analysis.

The adoption of simulation software in the automotive industry helps in vehicle development to ensure the proper functionality of the system. Automotive simulation software is now crucial as car and truck makers are majorly investing in the development of advanced vehicle technologies such as autonomous driving systems, safety-critical control software and smart electronics. In 2019, Siemens integrated MultiMechanics’ TRUE Multiscale simulation technology with Simcenter 3D software to accelerate innovation and adoption of advanced materials. Similarly, in electrical and electronics applications, simulation software is used for simulating electromagnetic performance across component, circuit and system design, and can evaluate temperature, vibration, and other critical mechanical effects. The innovation of electronic products set to create opportunities for simulation software thereby creating demand for Finite element analysis market during the forecast period.

  • Increasing integration in manufacturing sector.

The demanding requirement from consumers and retail industries are bringing disruption in the manufacturing industry. At present, the manufacturing industry is focusing on enhanced design and early evaluation of critical design parameters of products in manufacturing sector. As finite element analysis is a widely used method for analyzing a structure or any complex system in this sector, several companies are adopting this method to overcome several design constrains. On the other hand several country governments are providing various initiatives to promote manufacturing industries. For Instance in India, the Government has launched the ‘Make in India’ Program to promote manufacturing in India and develop it as an attractive hub for manufacturing and to raise manufacturing to 25% of GDP. Similarly China is promoting manufacturing industry by an initiative called ‘made in china 2025’ to develop higher efficient products due to high competition from countries like Germany. These initiatives are aiming at improving efficiency of products in manufacturing sector. So, most of the manufacturers are deploy technology like Finite Element Analysis to achieve higher efficiency.

Challenges – Finite Element Analysis Market

  • Availability of Open Source software

Availability of open source software online is one of the major factor which hamper the market in the forecast period. Several manufacturers adopt open source software for their design constraints. As open source software does not give accurate results in the design process and make the designers to adopt other alternatives. This could create a possibility of contraction of manufacturing unit and negatively affect the finite element analysis market growth.

Market Landscape

Partnership, acquisitions and technology launches are key strategies adopted by players in the Finite Element Analysis Market. In 2018, the market of Finite Element Analysis industry outlook has been consolidated by the top five players accounting for 55% of the market share.  Finite Element Analysis market top 10 companies include ANSYS, Dassault Systems, MSC Software, Siemens PLM Software, Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL Multiphysics, ESI Group among others

  Acquisitions/Technology Launches

  • In February 2019, ANSYS has acquired LSTC, the premier provider of explicit dynamics and other advanced finite element analysis technology.
  • In November 2019, Siemens acquired MultiMechanics, Inc., to integrate finite element software of Multimechanics, which helps companies virtually predict  failure in advanced materials at an unprecedented level of speed and accuracy.

1. Finite Element Analysis Market - Overview
        1.1 Definitions and Scope
2. Finite Element Analysis Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Finite Element Analysis Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Finite Element Analysis Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Finite Element Analysis Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Finite Element Analysis Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Finite Element Analysis Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Finite Element Analysis Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Finite Element Analysis Market - By Industry Vertical (Market Size -$Million / $Billion)
        9.1 Aerospace Defense
        9.2 Automotive
        9.3 Electrical Electronics
10. Finite Element Analysis - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Finite Element Analysis- By Geography (Market Size -$Million / $Billion)
        11.1 Finite Element Analysis Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Finite Element Analysis- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Finite Element Analysis- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Finite Element Analysis - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Finite Element Analysis - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Finite Element Analysis Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Finite Element Analysis Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Finite Element Analysis Market - Key Company List by Country Premium
15. Finite Element Analysis Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Altair
        15.3 Ansys
        15.4 Aspen Technology
        15.5 Autodesk
        15.6 Cd-Adapco
        15.7 Comsol
        15.8 Dassault System
        15.9 Esi Group
        15.10 Msc Software
        15.11 Siemens PLM Software
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Finite Element Analysis Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Finite Element Analysis Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 ($M)
1.1 Aerospace Defense Market 2019-2024 ($M) - Global Industry Research
1.2 Automotive Market 2019-2024 ($M) - Global Industry Research
1.3 Electrical Electronics Market 2019-2024 ($M) - Global Industry Research
2.Global Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 (Volume/Units)
2.1 Aerospace Defense Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Electrical Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 ($M)
3.1 Aerospace Defense Market 2019-2024 ($M) - Regional Industry Research
3.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
3.3 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
4.South America Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 ($M)
4.1 Aerospace Defense Market 2019-2024 ($M) - Regional Industry Research
4.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
4.3 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
5.Europe Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 ($M)
5.1 Aerospace Defense Market 2019-2024 ($M) - Regional Industry Research
5.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
5.3 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
6.APAC Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 ($M)
6.1 Aerospace Defense Market 2019-2024 ($M) - Regional Industry Research
6.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.3 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research
7.MENA Global Finite Element Analysis Market, By Industry Vertical Market 2019-2024 ($M)
7.1 Aerospace Defense Market 2019-2024 ($M) - Regional Industry Research
7.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
7.3 Electrical Electronics Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Finite Element Analysis Market Revenue, 2019-2024 ($M)
2.Canada Finite Element Analysis Market Revenue, 2019-2024 ($M)
3.Mexico Finite Element Analysis Market Revenue, 2019-2024 ($M)
4.Brazil Finite Element Analysis Market Revenue, 2019-2024 ($M)
5.Argentina Finite Element Analysis Market Revenue, 2019-2024 ($M)
6.Peru Finite Element Analysis Market Revenue, 2019-2024 ($M)
7.Colombia Finite Element Analysis Market Revenue, 2019-2024 ($M)
8.Chile Finite Element Analysis Market Revenue, 2019-2024 ($M)
9.Rest of South America Finite Element Analysis Market Revenue, 2019-2024 ($M)
10.UK Finite Element Analysis Market Revenue, 2019-2024 ($M)
11.Germany Finite Element Analysis Market Revenue, 2019-2024 ($M)
12.France Finite Element Analysis Market Revenue, 2019-2024 ($M)
13.Italy Finite Element Analysis Market Revenue, 2019-2024 ($M)
14.Spain Finite Element Analysis Market Revenue, 2019-2024 ($M)
15.Rest of Europe Finite Element Analysis Market Revenue, 2019-2024 ($M)
16.China Finite Element Analysis Market Revenue, 2019-2024 ($M)
17.India Finite Element Analysis Market Revenue, 2019-2024 ($M)
18.Japan Finite Element Analysis Market Revenue, 2019-2024 ($M)
19.South Korea Finite Element Analysis Market Revenue, 2019-2024 ($M)
20.South Africa Finite Element Analysis Market Revenue, 2019-2024 ($M)
21.North America Finite Element Analysis By Application
22.South America Finite Element Analysis By Application
23.Europe Finite Element Analysis By Application
24.APAC Finite Element Analysis By Application
25.MENA Finite Element Analysis By Application
26.Ansys, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Dassault System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Msc Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Siemens Plm Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Altair, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Aspen Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Autodesk, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Cd-Adapco, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Comsol, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Esi Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)