Finite Element Analysis Software Market Share

North American Market Forecast

Finite element analysis software market in North America is predicted to account for the largest share of 35% by 2036 impelled by the growing aerospace and defense sector. When it comes to production and infrastructure, the aerospace and defense industry in the United States is among the biggest, which supplies goods and services to the markets for general aviation, commercial aviation, missiles, space exploration, and military aircraft. For instance, in terms of aerospace exports, the US contributed over USD 102 in 2022.

European Market Statistics

Europe finite element analysis software market is estimated to be the second largest, during the forecast timeframe led by the growing industrial production. Europe has been at the forefront of manufacturing excellence and holds a prominent position in various industrial manufacturing sectors. For instance, the industrial production of the EU increased by around 7% in 2021 compared to 2020 and by more than 4% in 2022, maintaining its increasing trend. Additionally, several of the biggest aerospace businesses in the world, including Thales, Leonardo, Safran, Rolls Royce, and BAE Systems, are based in Europe and produce aero engines, drones, helicopters, and other systems and equipment. This, as a result, is expected to fuel finite element analysis software market growth in the region.