Press release
Global Market Insights on Finite Element Analysis (FEA) Software - 2024
Finite Element Analysis (FEA) Software Market Drivers
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $7.01 billion
• Revenue Forecast In 2033: $11.16 billion
• CAGR: 12.3%
Global Finite Element Analysis (FEA) Software Market: Segmentation
The finite element analysis (fea) software market covered in this report is segmented -
1) By Software Type: Structural Analysis, Computational Fluid Dynamics (CFD), Electromagnetic Analysis, Thermal Analysis, Multi-physics Analysis
2) By Deployment: On-premises, Cloud-based
3) By Application: Automotive Industry, Aerospace And Defense Industry, Electrical And Electronics Industry, Civil Engineering And Construction, Industrial Machinery, Medical Devices, Energy And Power, Other Applications
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Finite Element Analysis (FEA) Software Market Report: Growth Drivers
The rise in liquid fuel production is anticipated to drive the growth of the finite element analysis software market in the coming years. Liquid fuel production encompasses the extraction, refining, and use of substances like gasoline and diesel for energy. Finite element analysis (FEA) software assists in enhancing structural integrity, heat transfer, and fluid dynamics within liquid fuel production equipment, thereby facilitating efficient and safe processes while reducing costs and environmental impacts. For example, in May 2022, the US Energy Information Administration, a US government organization, reported that the United Kingdom produced a total of 934,000 barrels per day (b/d) of liquid fuels in 2021, and crude oil production in the UK rose to 793 b/d in 2022. Therefore, the increase in liquid fuel production is fueling the growth of the finite element analysis software market.
Key Developments:
Ansys Inc. Acquired DYNAmore Holding Gmbh
In December 2022, Ansys Inc., a US-based provider of simulation solutions, acquired DYNAmore Holding GmbH for $140 million. This acquisition strengthens automotive simulation capabilities by providing essential go-to-market and development expertise to reinforce current sales, engineering, and customer support teams. DYNAmore Holding GmbH is a US-based provider of finite element software systems.
Top Market Leader Included:
Siemens AG (Siemens PLM Software Inc.), IBM Corporation, Dassault Systemes, Hexagon AB, Keysight Technologies, Synopsys Inc, Autodesk Inc., ANSYS Inc, PTC Inc, Bently Systems Inc, Altair Engineering Inc, Aspen Technology, MSC Software Corporation, ESI Group, COMSOL AB, CD-ADAPCO Group, SimuTech Group, Flownex, NEi Software, NUMECA International, SimScale GmbH, BETA CAE Systems, Flow Science, ADINA R&D, Inc, Vanderplaats R&D Inc
Finite Element Analysis (FEA) Software Industry: Regional Landscape
North America was the largest region in the finite element analysis (FEA) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the finite element analysis (fea) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the finite element analysis (FEA) software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Finite Element Analysis (FEA) Software Market Report Include?
1.Introduction
• Overview of the Finite Element Analysis (FEA) Software Market
• Comprehensive Analysis of Finite Element Analysis (FEA) Software Market
2. Finite Element Analysis (FEA) Software Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Finite Element Analysis (FEA) Software Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Finite Element Analysis (FEA) Software Market
• Overview
• Products and Services
• Strategy
5. Finite Element Analysis (FEA) Software Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Finite Element Analysis (FEA) Software Market
• Technological Advancements
• Emerging Trends
7. Finite Element Analysis (FEA) Software Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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