Increasing requirement of finite element analysis for efficient product development cycle, growth in the smartphone industry, and increasing adoption of cloud-based FEA software are the major factors that propel the growth of the market. However, factors such as presence of substitutes have hindered the growth of the global finite element analysis market. Furthermore, emerging trends such as growth in outsourcing to Asia-Pacific and boom in the automotive industry are opportunities for the market growth.
The global finite element analysis market is segmented on the basis of industry vertical and geography. The industry verticals covered in this study include aerospace & defense, automotive, and electrical & electronics industries. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the dominant players of the global finite element analysis market include ANSYS, Dassault Systems, MSC Software, Siemens PLM Software, Altair, Aspen Technology, Autodesk, CD-adapco, COMSOL, and ESI Group.
- The study provides an in-depth analysis of the global finite element analysis market and current & future trends to elucidate imminent investment pockets.
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- Porters five forces analysis illustrates the potency of buyers and suppliers that operate in the industry.
- The quantitative analysis of the global market from 2017 to 2023 has been provided to determine the market potential.
Global Finite Element Analysis Market Key Segments:
By Industry Verticals
- Aerospace & defense
- Electrical & electronics
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- The Middle East
Key Market Players Profiled In The Report
- Dassault Systems
- MSC Software
- Siemens PLM Software
- Aspen Technology
- ESI Group