CAD Market in Aerospace and Defense in EMEA 2015-2019
CAD is an effective and efficient tool for modeling and designing products and components with ease and accuracy. This tool helps end-users, such as engineers, architects, and other design professionals, to prototype their products digitally before production and draft industry-specific products to enhance the overall quality of products. CAD solutions are widely adopted by several industries such as automotive, aerospace and defense, industrial machinery, electrical and electronics, and others.
Technavio's analysts forecast the CAD market in the aerospace and defense industry in EMEA to grow at a CAGR of 4.50% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the CAD market in the aerospace and defense industry in EMEA for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the following:
Technavio Announces the Publication of its Research Report – CAD Market in the Aerospace and Defense Sector in EMEA 2015-2019
Technavio recognizes the following companies as the key players in the CAD Market in the Aerospace and Defense Sector in EMEA: Autodesk, Dassault, PTC and Siemens
Other Prominent Vendors in the market are: 3D Systems, Cadonix, Graebert, IMSI, IronCAD, Mentor Graphics, Oracle, Robert McNeel, Schott Systeme, and Tebis.
Commenting on the report, an analyst from Technavio’s team said: “The CAD market is witnessing increase in M&A between several vendors. Integrated MCAD and ECAD software and CAD with other PLM software are witnessing an increased demand from several end-users. Vendors are providing CAD on monthly subscription; for instance, Solid Edge monthly subscription for classic is $260. This trend is expected to continue in the future.”
According to the report, one of the major drivers in the market is the increasing demand for commercial aircraft in EMEA. In the next 20 years, the demand for new commercial aircraft is expected to be over 2,000 from the Middle East and over 7,000 from Europe. Africa also is expected to create a demand for nearly 1,000 aircraft in the next 20 years. This increased demand has boosted the manufacturing and design of new aircraft models by companies like Airbus and Boeing, which is expected to drive the CAD market in the industry.
Further, the report states that software piracy is a key concern for both vendors and end-users of CAD software.
Autodesk, Dassault, PTC, Siemens, 3D Systems, Cadonix, Graebert, IMSI, IronCAD, Mentor Graphics, Oracle, Robert McNeel, Schott Systeme, Tebis.