The Finite Element Analysis (FEA) is the computerized simulation of any given product using the numerical technique called Finite Element Method (FEM). FEA is widely used to predict product reaction to real-world forces, vibration, heat, fluid flow, and other physical effects. Moreover, technicians use the FEA software to minimize the number of physical prototypes and tests, and optimize components in their design stage to produce better results, faster while saving on expenses

1. Multiple Industries Adopting Cost-effective FEA over Physical Prototypes to Optimize
Products
The Finite Element Analysis (FEA) is the computerized simulation of any given product
using the numerical technique called Finite Element Method (FEM). FEA is widely used to
predict product reaction to real-world forces, vibration, heat, fluid flow, and other
physical effects. Moreover, technicians use the FEA software to minimize the number of
physical prototypes and tests, and optimize components in their design stage to
produce better results, faster while saving on expenses. The finite element analysis is
one of the most popular tools for stress and structural analysis. The ways of input
extend to external tools such as kinematics analysis systems and computation fluid
dynamics systems. The uses of the FEA software in mechanical engineering design
(MED), CAD, structural analysis, modal analysis, solid mechanics, sheet metal forming
analysis, etc. are currently driving the global finite element analysis (FEA) software
market.
In order to comprehensively understand and mensurate physical aspects including
structural behavior, thermal analysis, wave propagation, the growth of biological cells,
etc., complex mathematics is necessary. The analysis of such aspects can be performed
by using partial differential equations (PDE); however, in complicated situations where
multiple variable equations are required, finite element analysis is currently the leading
mathematical technique. Most organizations prefer finite element software based on
application requirements. Although the basic principle of finite element analysis is the
same, computer software can be generated with different specialties. Many commercial
FEA software have advanced CAD function, while other software provides more
problem-solving options. The growing need for such options is fueling the growth of
the finite element analysis (FEA) software market globally.
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Software Market
Extensive Use of Computer Simulation to Help Understand Coronavirus Effects
The COVID-19 pandemic has shaken the world in terms of numbers infected, mortalities,
and the unmatched demand for healthcare services. As the immensity of the infections
has become clear, authorities appear to have relied profoundly on computer simulations
to plan and reduce the pandemic impact, with special importance on how to level the
growth trajectory of the virus to reduce the stress on the healthcare operations. While
considerable efforts have been made on epidemiological modeling of the spread of
COVID-19 via computer simulation, the crisis inflates various new challenges that
computer simulations, such as finite element analysis software, could be equally useful

2. in addressing. Thus, amidst the COVID-19 crisis, there is continuous growth of the finite
element analysis (FEA) software market.
Modeling and simulation creators are now considering their part in contributing to
improving the knowledge of the disease, and intending to make better decisions and
reduce its impact. The software environment presents the opportunity to work out
different situations in silico rather than speculating on the real population and, in
improving the models, often helps to produce a much better perception of the practice
as a whole. Modeling has been used broadly by all governments and the World Health
Organization in determining the most efficient approaches to attempt in lessening the
effects of COVID-19. The epidemiological prototypes are intended at understanding the
extent of the disease and the consequences of various interventions. However, a global
pandemic creates a large number of difficulties and enigmas, and creators are trying
hard to come up with the best solution.
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Cloud-based FEA Software Useful for Designers, Engineers
Any product is only useful as its capacity to respond sleekly to the given condition.
However, the emergence of the FEA software makes accurate simulation possible for
any engineer. For most creators, the more simulation outcomes reveal about their
products, the more information they demand. Like in the instance of a heart stent, the
capability to imagine the stent’s 3D geometry in a blood vessel allows the urge to
envision steady-state mechanical forces, and from there to the need to learn its
dynamics during vessel quantity changes with blood flow. Furthermore, in the
automotive industry, manufacturers are frequently executing the finite element analysis
software for modeling, simulation, estimation of structural strength, and design
optimization as well. Moreover, the FEA software's increasing adoption across the world
is likely to reduce operational costs and lessen product design time and the time spent
on marketing. Thus, automotive is anticipated to be the fastest-growing segment of the
global finite element analysis (FEA) software market during the forecast period.
Modern finite element analysis software makes it feasible to achieve solutions to
nonlinear problems. Recognizing the problem, the part represented by these
parameters, and a prepared and logical strategy will do much to ensure a successful
solution. A nonlinear analysis is an analysis where a nonlinear relation operates between
joined forces and displacements. Nonlinear effects can originate from geometrical
nonlinearity, material nonlinearity, and contact. In the same way, the FEA software has
also proven its efficacy in complex problems, driving more opportunities in the global

3. market. Moreover, the shift toward cloud and mobile-based FEA software enables
programmers and creators to access the software and work in partnership on results
with anyone and from anywhere across the world. This leads to increased scalability,
reduced cost, and low maintenance for product manufacturers, thus propelling the finite
element analysis (FEA) software market.
Rising Production, Demand for Hybrid Vehicles Drives Global Market
The demand for the finite element analysis (FEA) software market has increased due to
the high demand and adoption of vehicles. The market is expected to witness escalating
demand for safety and comfort in modern automobiles, and thus, the FEA software will
play an important role to ensure it. The finite element analysis software is presently
proving to be the most productive way to develop new products, while improving the
reliability and quality of the product from applications of FEA software manufacturing,
aerospace, and electronics industries to marine and energy industries. Thus, the demand
for FEA software is predicted to be consistent in the upcoming future. Owing to all these
factors, the global finite element analysis (FEA) software market is expected to reach
US$ 11 Bn by 2030, expanding at a CAGR of ~10% during the forecast period.
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Analysts’ Viewpoint
The finite element analysis is rapidly being adopted, due to its growing need for an
effective product development cycle and its applications in the creation of next-generation
automobiles and aerospace technologies. There is an increased investment in research and
development across several the manufacturing sector. Various developing countries are
taking initiatives to adopt the simulation technology for future projects, which is expected
to contribute to the expansion of the finite element analysis (FEA) software market. The
policy of China and India to manufacture products in their regions is likely to drive the
finite element analysis (FEA) software market during the forecast period.
Finite Element Analysis (FEA) Software Market: Overview
 According to Transparency Market Research’s latest research report on the global finite
element analysis (FEA) software market for the historical period of 2018–2020 and the
forecast period of 2020-2030, increasing adoption of outsourced financial services to fuel
the efficiency of financial operations in commercial spaces is a key factor expected to boost
the global finite element analysis (FEA) software market during the forecast period

4.  In terms of revenue, the global finite element analysis (FEA) software market was valued
over US$ 4.1 Bn in 2020 and is expected to reach US$ 11 Bn by 2030, expanding at a CAGR
of ~10% during the forecast period
Growing Trend of Cloud-based FEA Software: A Key Driver
 Cloud-based FEA software is a cost efficient solution and is being deployed across different
industries in order to attain increased scalability, faster distribution, and lower maintenance
 Application of cloud computing offers ease of access, vast space for data storage, along
with security and flexibility. Moreover, the emergence of cloud-based FEA software and
tools makes comprehensive simulation practical for an engineer or designer.
 Therefore, FEA software and solution vendors are anticipated to focus more on cloud-based
offerings in order to fulfill the growing market demand for cloud-based FEA software. For
instance, companies such as MSC Software are offering cloud-based FEA software for ease
of access to users.
 One of the major trends driving the finite element analysis (FEA) software market is the
increasing shift toward cloud and mobile-based FEA software, which represents a major
technological advancement in the finite element analysis (FEA) software market, as it
enables programmers and designers to access the software and work in partnership on
results with anyone and from anywhere across the world. Deployment of finite element
analysis software in cloud primarily leads to increased scalability, reduction in cost, and
lower maintenance.
High Spending on Simulation in Aerospace & Defense Industry
 Globally, an increase in spending on aerospace and defense is seen, which has paved the
way for innovation and implementation of simulation software solutions. Despite higher
spending, the aerospace industry has always struggled with maintaining profitability.
Companies in the aerospace domain are under a lot of pressure to build more efficient
space vehicles. Furthermore, these demands are against the framework of higher material
costs, stricter regulations, higher fuel costs, and more demanding consumers. By integrating
FEA software as part of the initial designing process, aerospace manufacturing companies
and suppliers can evaluate designs and forecast product performance, while reducing the
number of time-consuming and expensive physical prototypes in the first stage of the
design cycle. Hence, FEA software proves to be cost-efficient for manufacturers.
 Some of the applications of simulation software in aerospace include aerodynamic
performance of the airframe, landing gear, high-lift wing design, passenger comfort
improvements, and fuel tank design. SolidWorks Simulation offered by Dassault Systemes
SolidWorks Corp. U.S. has been deployed by the aerospace industry for a wide range of
applications involving finite element analysis, kinematic analysis, and computational fluid
dynamics, among others. Incorporation of advanced technologies, such as machine learning
and artificial intelligence can help the aerospace and defense industry to become more

5. proficient. Adoption of FEA software solutions in aerospace and defense industries can help
in predicting how the final parts will react to structural and thermal loads, thereby driving
the finite element analysis (FEA) software market growth.
Finite Element Analysis (FEA) Software Market: Competition Landscape
 Detailed profiles of providers of finite element analysis (FEA) software have been provided
in the report to evaluate their financials, key product offerings, recent developments, and
strategies. Key players operating in the global finite element analysis (FEA) software market
include
o ANSYS
o Synopsys, Inc.
o Autodesk, Inc.
o Dassault Systèmes
o IBM Corporation
o Altair Engineering Inc.
o Aspen Technology
o Siemens PLM Software, Inc.
o PTC Inc.
o Bentley Systems, Inc.
o ADINA R&D, Inc.
o ESI Group
o Computers and Structures, Inc.
o Dlubal Software GmbH
o SimScale
o MSC Software Corporation
o SimuTech Group
o Murata Software Co., Ltd.
o COMSOL Multiphysics
o BETA CAE Systems
o Flownex
o Vanderplaats R&D, Inc.
Finite Element Analysis (FEA) Software Market: Key Developments

6.  Key providers of finite element analysis (FEA) software, such as Siemens, Autodesk, ANSYS,
and others are focused on acquisitions and partnerships in order to expand their presence
and enhance their product portfolio in the finite element analysis (FEA) software market to
attract more commercial customers
 Some of the key developments in the global finite element analysis (FEA) software market
have been highlighted below:
o In January 2016, Siemens completed the acquisition of CD-adapco. With this
acquisition, Siemens expands its portfolio for industry software.
o In August 2014, Autodesk completed the acquisition of NEi Software Inc. and thus
enhanced its simulation software portfolio with the addition of two new simulation
products, Autodesk Nastran 2015 and Autodesk Nastran In-CAD
o In March 2011, Autodesk completed the acquisition of Blue Ridge Numerics Inc., a
leading simulation software provider. The addition of Blue Ridge Numerics' CF design
software has enhanced the former company’s solution for digital prototyping with
powerful thermal and fluid flow simulation capabilities.
 In the global finite element analysis (FEA) software market report, we have discussed
individual strategies, followed by company profiles of providers of finite element analysis
(FEA) software solutions. The ‘Competition Landscape’ section has been included in the
report to provide readers with a dashboard view and company market share analysis of key
players operating in the global finite element analysis (FEA) software market.
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