Digital manufacturing: Key market research findings
- Increasing role in improving technical potential of commercial aircrafts
- Growing importance of DM
Technavio has released its new market research report, global DM market in the aerospace and defense sector, which is expected to grow at a CAGR of around 8% between 2015 and 2019. Digital manufacturing (DM) enables simultaneous product and process planning, thus reducing the time for manufacture planning. This reduction in time is achieved through process automation, communication and collaboration, and simulation of the manufacturing process. EMEA leads the DM market in the aerospace and defense sector, accounting for around 45% of the overall market share. The major end-users of DM software for aerospace and defense industries are countries that have the highest military expenditure in Europe. They are the UK, France, and Germany.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The increase in the technical capabilities of the aircraft has necessitated the use of DM in the aerospace and defense industry. DM has gained prominence in designing high fuel efficient engines with new materials and aerodynamics features. Aircraft manufacturers such as Airbus and Boeing are increasingly using DM for the manufacturing and design of new aircraft models,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research
The adoption of DM provides effective planning, scheduling and optimization of complex processes in the aerospace and defense sector. It helps create digital models of the shop floor, leading to early detection of collision and assembly problems. Simulation can also be used to assess whether an assembly line will fit in the plant before the physical installation. The simulation of assembly lines can validate or change operational sequences, leading to overall efficiency. The use of DM minimises inventory costs, ensures an optimized plant layout, and helps in labor planning.
The key players in the global DM market in the aerospace and defense sector include Autodesk, Dassault Systems, Mentor Graphics, PTC and Siemens PLM Software. There are many vendors in the market looking to increase their market shares by offering innovative products. During the forecast period, many open-source vendors are expected emerge, thus intensifying the competition in this market.
A more detailed analysis is available in the Technavio report, Global DM in the Aerospace and Defense Sector: Market Research and Analysis 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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