Global PLM Market in the Aerospace and Defense Sector 2016-2020

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

• Americas
• APAC
• EMEA

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?

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

Related reports:

• Global FEA Market in the Aerospace and Defense Industry 2015-2019
• cPDM in the Aerospace and Defense:  Global Market Research 2015-2019
• CAD Market in the Aerospace and Defense Industry in APAC 2015-2019
• Global DM in the Aerospace and Defense Sector:  Market Research and Analysis 2015-2019
• CAD Market in the Aerospace and Defense Sector in North America 2015-2019
• Global CFD Market in Aerospace and Defense Industry 2015-2019