Global CAD Market in Aerospace and Defense Industry 2016-2020

Overview of the global CAD market in the aerospace and defense industry

The global computer aided design market in the aerospace and defense industry is envisaged to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The growing need to produce quality products at a faster rate will drive the growth prospects for the global CAD market in the aerospace industry during the forecast period. Since CAD software helps in the elimination of multiple prototype development, organizations are increasingly adopting CAD software to design products. This software helps to improve the time-to-market by reducing the product development cycle and testing time. The software also improves the speed of the product design cycle and produces reliable and cost-effective products by reducing the analysis time. Moreover, by reducing the product development cost, the operational efficiency can be enhanced using the CAD software. Furthermore, by using CAD software, organizations can develop quality prototypes that are tested under different environments.

The shift from 3-D to 4-D CAD will propel the growth prospects for the market. 4-D CAD models are increasingly gaining importance among many end users such as the aerospace and defense industry. Since vendors are incorporating additional features and functionalities in their solutions to improve the customer experience, they are developing more 4-D CAD solutions. 4-D CAD solutions enhance the operational performance and project execution strategies, which improves the constructability and sequencing of construction schedules using the granular level information.

Competitive landscape and key vendors

The market is highly competitive due to the presence of the established vendors and new entrants and are compelled to distinguish their product and service offerings through a clear and unique value proposition. The major vendors in the market generate revenue either through direct sales or through resellers or value-added resellers (VARs) and system integrators.

Key vendors in this market are -

• Autodesk
• Dassault Systèmes
• PTC
• Siemens PLM Software

Other prominent vendors in the market include BricsCAD, Encore, Graebert, RealCAD, Solvespace, and TurboCAD.

Segmentation by geography and analysis of the CAD market in aerospace and defense industry Analyzers

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the CAD market for the next few years. One of the major factors driving the market’s growth in the region is the US, which has a presence of large aerospace and defense companies in the region such as Lockheed Martin, Raytheon, and Boeing. Also, these companies highly adopt CAD technology for R&D activities that contributes growth to the global CAD market in the aerospace and defense industry.

Growth drivers, challenges, and upcoming trends: Developments in CAD modeling

The increasing developments in CAD modeling will fuel the growth prospects for the global CAD market in aerospace and defense industry. There are mainly two types of modeling in CAD which are called parametric modeling and direct modeling. Parametric modeling uses parameters such as dimensions, the density of the material, and data relating to the material surface to define a model. Direct modeling allows the designer to get direct access to the geometry of the product, which allows a complete manipulation and editing.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global CAD market in aerospace and defense industry. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the CAD market size and growth rate be in 2020?
• What are the key factors driving the global CAD market in aerospace and defense industry?
• What are the key market trends impacting the growth of the global CAD market in aerospace and defense industry?
• What are the challenges to market growth?
• Who are the key vendors in the global CAD market in aerospace and defense industry?
• What are the market opportunities and threats faced by the vendors in global CAD market in aerospace and defense industry?
• What are the 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 CAD market in aerospace and defense industry?