Tidge my experience is that that many companies treat
FMEA as just one more form to fill out with a goal to game the system to have the fewest failure modes that need to be addressed. When that happens FMEA is nothing more than a waste of time. Fill it out, file it and forget it. But most companies that I’ve worked do experiment (some well some not so much) to establish their spec limits. But they don’t use the fmea to guide the process; they use the FMEA to document their guesses and submit to their Customer if required or the filing cabinet…
I do know of a few companies that treat FMEA as an integral part of development - it guides where the teams must focus. The guidance is to focus on severity failures. Low severity failure modes are typically not addressed until validation or actual high occurrences in use.
Here’s the big question, if you don’t perform experiments to establish specifications during development how do you do it? Rule of thumb, biggest ego wins? If that is a company’s approach then how do they avoid a random mess?

Pejoratively, my experience is that the engineers that say “that‘s too much work” are lazy, not very good developers, and take the FMEA as an insult to their superior
ego expertise…. Sorry to be so critical but I’m old and I’m just so tired of the excuses for not doing the right thing In development and then blaming manufacturing for not doing their jobs correctly.
By the way of course, the FDA has been pushing “quality by design“ that outlines robust experimentation instead of just robust validation (verification). Part of OQ validation is test at the extremes which at least validates that the spec limits will result in few to no defects. The FDA and other bodies have also moved away from the ‘detection’ rating and simply requires solid MSAs.