Technavio, a tech-focused market research firm, has published a new report on the global CAD market in the aerospace and defense industry, which is expected to experience a moderate growth rate with a CAGR of more than 6% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global CAD market in aerospace and defense industry for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global CAD market in aerospace and defense industry into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global CAD market in aerospace and defense industry for 2015 (market share %)
|
Americas |
36.34% |
|
EMEA |
31.12% |
|
APAC |
31.54% |
Source: Technavio
Global CAD market in aerospace and defense industry in the Americas
In 2015, the Americas dominated the global CAD market in the aerospace and defense industry accounting for a share of around 36%. The US is the chief contributor to the market, due to the presence of large aerospace and defense companies in the region such as Boeing, Raytheon, and Lockheed Martin. Besides this, the growth of SMEs such as SpaceDev, Virgin Galactic, SpaceX, and Bigelow Aerospace in the aerospace and defense industry is a major trend in the US.
According to Ishmeet Kaur, a lead analyst at Technavio, specializing in research on product lifecycle management, “The high adoption of CAD by the key vendors in the Americas, for R&D activities contributed to the growth of the global CAD market in the aerospace and defense industry. The R&D investments are mainly used for the purchase of several technologies, solutions, and software, including CAD.”
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Global CAD market in aerospace and defense industry in EMEA
ASD is the largest association in EMEA for aeronautics, space, and defense and consists of 16 European aerospace and defense companies. Europe is the key contributor to the CAD market in the aerospace and defense industry in EMEA. Major aircraft manufacturers such as the UK; MTU Aero Engines, Rolls Royce, Germany; BAE Systems, UK; Thales, France; Safran, France; Finmeccanica, Italy; and Airbus Group, Netherlands are present in this region. Some of the other major aerospace companies outside Europe include Elbit Systems and IAI in Israel, Saudia Aerospace Engineering Industries in Saudi Arabia, and Strata Manufacturing PJSC in UAE. The major end-users of the CAD market in the aerospace and defense industry in Europe are the UK, Germany, Russia, and France. The UK is the leading market for the aerospace and defense industry due to the increase in demand for civil aircraft. Besides this, Germany is also one of the major players in many European space programs. For instance, it supplies many system components for Galileo, the global navigation satellite system, developed by the European Union and European Space Agency.
Global CAD market in aerospace and defense industry in APAC
Defense spending in APAC is expected to be more than $530 billion during the forecast period with China, Japan, and India incurring heavy expenditure on their defense. Military spending has increased in APAC across various countries such as Malaysia, Thailand, Vietnam, etc. to fight the increasing threat of global terrorism with modern and intelligent equipment. CAD plays a key role in the defense sector, as it helps in designing aerospace vehicles, including launch vehicles, combat and non-combat aircraft, missiles, and submarines. CAD is also used to simulate stability derivatives, flow measurement analysis, aerodynamic loads, air flow analysis, and store trajectory analysis. Technavio expects these factors to boost market growth in APAC during the forecast period. Among various countries in APAC, Japan emerged as the leading contributor as it has a strong R&D presence in the aerospace and defense industry. Besides this, Technavio expects the aerospace and defense industry in India to grow significantly over the forecast period, owing to the Make in India initiative by the Government of India.
The top leading vendors operating in the global CAD market in aerospace and defense industry are:
- Autodesk
- Dassault Systèmes
- PTC
- Siemens PLM Software
Other prominent vendors in the market include BricsCAD, Encore, Graebert, RealCAD, Solvespace, and TurboCAD.
A more detailed analysis is available in the Technavio report titled, ‘Global CAD Market in Aerospace and Defense Industry 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global CAD Market in the Automotive Industry 2016-2020
- Global PLM Market in the Aerospace and Defense Sector 2016-2020
- Global CAD Market in Industrial Machinery Industry 2016-2020
- Global CAD Market in the Apparel Industry 2016-2020
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