Market outlook of PLM in the aerospace and defense sector
Technavio’s research analyst predicts the global product lifecycle management (PLM) market in the aerospace and defense sector to grow steadily at a CAGR of almost 9% during the forecast period. The increasing demand for commercial aircraft is the primary growth driver for this market. In the next 20 years, the demand for new commercial aircraft is expected to emerge from the Middle East and European regions. 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.
The requirement for aircrafts with increased technical capabilities is also expected to boost the market growth during the forecast period. This involves the design of fuel-efficient engines and reduction in the weight of the aircraft without compromising flight stability and other features.
Product segmentation of the PLM market in the aerospace and defense sector
- cPDM
- CAD
- EDA
- FEA
- NC
- DM
- CFD
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.
Geographical segmentation of the PLM market in the aerospace and defense sector
EMEA accounted for significant share of the global PLM market in the aerospace and defense industry in 2015 with a share of over 41%. 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. Rolls Royce in the UK, MTU Aero Engines in Germany, BAE Systems in the UK, Thales in France, Safran in France, Finmeccanica in Italy, and the Airbus Group NV in Netherlands are some of the manufacturers based out of Europe.
Competitive landscape and key vendors
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.
The global PLM market in the aerospace and defense industry is dominated by four major vendors, who, to compete or differentiate among themselves, follow several strategies to expand their business.
The major vendors in the market are -
- Autodesk
- Dassault Systèmes
- PTC
- Siemens PLM Software
Other prominent vendors in the market include Ansys, Bentley, 3D Systems, Cadence, Cadonix, CD-Adapco, Graebert, Hexagon, IMSI/Design, IronCAD, Mentor Graphics, MSC, Numeca International, Oracle, SAP, Synopsys, and Zuken.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global PLM market in the aerospace and defense sector?
- What are the key market trends impacting the growth of the PLM market in the aerospace and defense sector?
- What are the challenges to market growth?
- Who are the key vendors in the growth of the PLM market in the aerospace and defense sector?
- What are the market opportunities and threats faced by the vendors in the global PLM market in the aerospace and defense sector?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global PLM market in the aerospace and defense sector?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- PLM overview
- Role of PLM in product development process
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Market overview
- Global cPDM market in aerospace and defense industry
- Global CAD market in aerospace and defense industry
- Global EDA market in aerospace and defense industry
- Global FEA market in aerospace and defense industry
- Global NC market in aerospace and defense industry
- Global DM market in aerospace and defense industry
- Global CFD market in aerospace and defense industry
PART 07: Geographical segmentation
PART 08: Americas
PART 09: EMEA
PART 10: APAC
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
- Overview
- Other prominent vendors
PART 17: Key vendor analysis
- Autodesk
- Dassault Systèmes
- PTC
- Siemens PLM Software
PART 18: Appendix
PART 19: Explore Technavio