This market research report includes a detailed segmentation of the global PLM market in the aerospace and defense sector by product type (cPDM, CAD, EDA, FEA, NC, DM, and CFD). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software.
Technavio has released its new market research report, global PLM in aerospace and defence sector, which is expected to grow at a CAGR of 9% between 2016 and 2020. The increasing demand for commercial aircraft is the primary growth driver for this market. This increased demand has boosted the manufacturing and design of new aircraft models by companies such as Airbus and Boeing, which is expected to drive the PLM market in the aerospace and defense industry. EMEA dominate the global PLM market in the aerospace and defense sector, accounting for 41% of the total market share. The growth of the market in this region is driven by Europe mainly due to the presence of numerous major aircraft manufacturers present in this region.
The requirement for aircrafts with increased technical capabilities has boosted the demand for PLM. This involves the design of fuel-efficient engines and reduction in the weight of the aircraft without compromising flight stability and other features. Moreover, the interior design technologies includes features such as larger windows, bigger cabins, and higher ceilings, without compromising the passenger traveling experience,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research
cPDM occupied a major share of the global PLM market in the aerospace and defense sector in 2015 with over 50%. The need for high ROI due to the increasing role of cPDM in the aerospace and defense industry is leading to the growth of this segment. Increasing demand for cPDM in the aerospace and defense industry is also expected to emerge from the APAC region driven by South Korea, China, India, and Japan with the highest demand rising from China and India.
The key vendors in the global PLM in aerospace and defence sector include Autodesk, Dassault Systèmes, PTC, and Siemens PLM Software. The high demand for aerospace and defense products has led to increased competition in the market among the major vendors to provide the best equipment with the least time cycle.
A more detailed analysis is available in the Technavio report, Global PLM in Aerospace and Defence Sector 2016-2020.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global FEA Market in the Aerospace and Defense Industry 2015-2019
- cPDM in the Aerospace and Defense: Global Market Research 2015-2019
- CAD Market in the Aerospace and Defense Industry in APAC 2015-2019
- Global DM in the Aerospace and Defense Sector: Market Research and Analysis 2015-2019
- CAD Market in the Aerospace and Defense Sector in North America 2015-2019
- Global CFD Market in Aerospace and Defense Industry 2015-2019
