cPDM in the Aerospace and Defense: Global Market Research 2015-2019

Market outlook of the global cPDM market in aerospace and defense

The surge in the global demand for cPDM in the aerospace and defense industry is mainly driven by the need for high ROI and it is expected to help the market grow at a CAGR of more than 10% by 2019.

Intensified competition in the market among the major vendors of aerospace and defense products necessitates the delivery of best equipment in the shortest timeframe. It has increased the demand for PLM tools such as cPDM, CAD, and CFD. Major demand for cPDM in the aerospace and defense industry is expected to arrive from the APAC region driven by its leading regions with the highest demand emanating from China and India.

How is cPDM utilized in the aerospace and defense sector?

In the concept stage, the impact of PLM solution in product life cycle is the highest. CAD and cPDM solutions find key utility in constructing product definitions. The use of CAD facilitates in the idea creation, planning, and specification stages, as well as in the construct the conceptual pictorial presentation of the product.

cPDM in aerospace and defense industry is mainly used to coordinate things such as projects, engineers, and suppliers through product planning and program management. It also involves processes such as BOM management and proper protection of intellectual property. In a competitive industry such as aerospace and defense industry, the role of cPDM is very high. cPDM plays a major role in stream lining processes in the aerospace and defense industry.

Market segmentation of cPDM in the aerospace and defense industry

• Software
• Services

The market research analysis predicts the growth of the market until 2019. As per the key research findings, the services segment is likely to dominate the market as many leading players in the market are expected to roll out service as an integral part of the cPDM offerings for the aerospace and defense sectors.

Competitive analysis of the cPDM market in aerospace and defense

• Dassault
• PTC
• Siemens

Technavio’s analysts predict an increasing shift towards the adoption of cloud-based PLM software by the leading vendors of the market. This trend is likely to gain significant traction in the US market over the next four years. In terms of revenue, the US accounted for about 59% of the global aerospace and defense industry. Key developments in this region are expected to encourage the market leaders in cPDM to introduce innovative service offerings in other regions as well. The other prominent vendors of the market include Accenture, HP, IBM, Oracle, Synopsys, TCS, Capgemini, and Deloitte.

Key questions answered in the report

• Key outcome of major industry wise comparison of PLM service providers?
• What are the key factors driving the cPDM market in aerospace and defense?
• What are the key market trends impacting the growth of the cPDM market in aerospace and defense?
• What are the various opportunities and threats faced by the cPDM market in aerospace and defense?
• Key outcome of the five forces analysis on the cPDM market in aerospace and defense?
• Growth forecast of the cPDM market in aerospace and defense until 2019?​

Technavio also offers customization on reports based on specific client requirement.

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