Press release
Liquid Fuel Industry's Surge Fuels Growth In Finite Element Analysis Software Market Driver: A Major Catalyst in the Evolution of the Finite Element Analysis (FEA) Software Market in 2025
Finite Element Analysis FEA Software Market Size
Growing liquid fuel production is predicted to fuel the expansion of the finite element analysis software market. The process of liquid fuel production encompasses extraction, refinement, and usage of liquid substances such as gasoline and diesel for energy purposes. Finite element analysis (FEA) software contributes to the enhancement of structural stability, heat transfer, and fluid dynamics in equipment for liquid fuel production, encouraging efficient, cost-effective, and environmentally friendly processes. For example, as per the US Energy Information Administration, a US governmental agency reported in May 2022, the United Kingdom registered production of 934,000 barrels per day (b/d) of total liquid fuels in 2021, and its crude oil production amount surged to 793 barrels per day in 2022. Thus, the rise in liquid fuel production is behind the acceleration of the finite element analysis software market growth.
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How will the growth rate of the finite element analysis (fea) software market shape industry trends by 2034?
In the past years, the market scale for finite element analysis (FEA) software has seen a swift expansion. The market is projected to grow from $7.01 billion in 2024 to $7.87 billion in 2025, with a compound annual growth rate (CAGR) of 12.3%. Factors contributing to the growth observed in the historic period include increased smartphone and tablet use, advancements in TV and monitor displays, heightened investment in research and development, improved display quality and a growing consumer appetite for innovation.
The market size for finite element analysis (FEA) software is forecasted to experience significant growth in the coming years, expanding to a worth of $12.56 billion by 2029 with a compound annual growth rate (CAGR) of 12.4%. This progress during the forecast period can be credited to its increasing utilization in automotive displays, the commercial introduction of foldable devices, advancements towards mass production, exposure to new applications, and its escalating popularity in gaming devices. Key trends expected in the forecast period encompass wearable displays for augmented/ virtual reality, the advent of rollable displays, improved durability of foldable devices, the incorporation of flexible displays in smart home devices, and advancements in technology.
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How are the latest trends influencing the growth of the finite element analysis (fea) software market?
Leading companies in the finite element analysis software market are introducing innovative products such as finite element analysis solvers. Finite Element Analysis (FEA) solver, which is the key computational component of FEA software, conducts complex computations needed to examine a model's performance under different scenarios. For instance, in April 2023, Altair Engineering Inc., a software firm based in the US, introduced OpenRadioss. This is an free, publicly accessible FEA software designed to simulate dynamic occurrences such as impacts, crashes, and high-pressure loading. It primarily utilizes the same input format and source code as its paid version, enabling those accustomed to Radioss to transition seamlessly.
Which primary segments of the finite element analysis (fea) software market are driving growth and industry transformations?
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
Subsegments:
1) By Structural Analysis: Static Analysis, Dynamic Analysis, Nonlinear Analysis
2) By Computational Fluid Dynamics (CFD): Incompressible Flow Analysis, Compressible Flow Analysis, Heat Transfer Analysis
3) By Electromagnetic Analysis: Static Electromagnetic Analysis, Time-Varying Electromagnetic Analysis
4) By Thermal Analysis: Steady-State Thermal Analysis, Transient Thermal Analysis
5) By Multi-Physics Analysis: Coupled Field Analysis, Fluid-Structure Interaction (FSI)
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Which geographical regions are pioneering growth in the finite element analysis (fea) software market?
North America was the largest region in the finite element analysis (FEA) software market in 2024. 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.
Who are the influential players reshaping the finite element analysis (fea) software market landscape?
Major companies operating in the finite element analysis (fea) software market report are 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
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What Is Covered In The Finite Element Analysis (FEA) Software Global Market Report?
• Market Size Forecast: Examine the finite element analysis (fea) software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the finite element analysis (fea) software market for a structured understanding.
• Key Players Overview: Analyze major players in the finite element analysis (fea) software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the finite element analysis (fea) software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the finite element analysis (fea) software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the finite element analysis (fea) software market.
• Industry Challenges: Identify potential risks and obstacles affecting the finite element analysis (fea) software market.
• Competitive Landscape: Review strategic developments in the finite element analysis (fea) software market, including expansions, agreements, and new product launches.
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