This report offers a breakdown of market shares for the CAD market in aerospace and defense in EMEA until 2019. The report segments the market based on 3D CAD and 2D CAD. The market research highlights the emerging trends impacting the market shares of the leading vendors, including Autodesk, Dassault, PTC, and Siemens. The report also details the market shares for Middle East, Africa, and Europe
Technavio’s market research analysts estimate the CAD market in the aerospace & defense sector in EMEA to grow at a CAGR of around 5% between 2015 and 2019. The CAD market is expected to witness an increasing trend of end-users moving out of 3D models and adopting 4D models. Europe accounts for a majority share of the total EMEA market in the aerospace and defense industry. Much of this region’s growth comes from the presence of many aircraft and aircraft engine manufacturers in countries such as Germany, the UK, France, and Russia.
The new market research report from Technavio provides a breakdown and analysis of the CAD segments by technology.
“Increasing demand for commercial aircrafts in the region has boosted the manufacturing and design of new aircraft models. Various airline companies like Airbus and Boeing are manufacturing aircrafts with increased technical capabilities. The aircraft manufacturers are focusing on developing highly fuel efficient engines, new interior designing technologies and advanced wing designs with aerodynamics features,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
The 2D CAD market in the aerospace and defense industry in EMEA was valued at $121.20 million in 2014. The market share of the 2D segment is expected to witness a decline owing the rapid increase in the adoption of 3D CAD. However, the demand for 2D CAD will continue among SMEs and small component manufacturers since they are cheaper compared to 3D CAD.
The key players in the CAD market in the aerospace & defense sector in EMEA include Autodesk, Dassault Systèmes, PTC and Siemens. This market is highly fragmented with the presence of many PLM software vendors that have started to enhance their market potential through various innovative strategies and M&A. Of late, these CAD vendors are developing 4D CAD solutions that would cater to increased operational performance among their end-users.
A more detailed analysis is available in the Technavio report, CAD Market in the Aerospace & Defense Sector in EMEA 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- CAD Market in the Automotive Sector in EMEA 2015-2019
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- CAD Market in the Automotive Sector in APAC 2015-2019
- CAD Market in Australia 2015-2019
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