Global DM in the Aerospace and Defense Sector - Market Research and Analysis 2015-2019
Market definition and analysis of digital manufacturing
The report considers direct revenues as well as indirect revenue sources of market vendors to calculate the market size and vendor shares. Technavio market research analysts predict the global digital manufacturing (DM) market in the aerospace and defense industry to reach a market size of more than USD 295 million by 2019.
Traditionally, process planning preceded product planning in the manufacturing cycle. This practice in certain circumstances can lead to a possible incompatibility between the product and the production process, resulting in loss of time and capital.
Digital manufacturing enables simultaneous product and process planning, thus reducing the time for manufacture planning. This reduction in time is achieved through process automation, communication and collaboration, and simulation of the manufacturing process.
Geographical segmentation of the DM market in aerospace and defense
The DM market in EMEA in the aerospace and defense industry is expected to reach approximately USD 136 million in revenues by 2019. The major end-users of DM software for aerospace and defense industries are countries that have the highest military expenditure in Europe. They are the UK, France, and Germany.
Vendor landscape of the global DM in the aerospace and defense market
Siemens PLM Software
There are many vendors in the market looking to increase their market shares by offering innovative products. During the forecast period, many open-source vendors are expected emerge, thus intensifying the competition in this market.
The impact of product and training costs on the DM market in aerospace and defense
The world over, DM software and solutions are being launched with advanced features, more functionalities, and compatibility features. As they are complex solutions, professionals need to be trained to make optimum use of these solutions from the end user's perspective.
If an existing system is upgraded, professionals need further training to use the upgrades optimally. The training and product costs of these solutions are very high, and it has a key impact on the purchase decision of the end-user market. Unless the market vendors take corrective measures to convenience end-users, cost consideration will drive organizations and individuals towards the open-source software market for both academic and enterprise operations during the forecast period.
Key questions answered in the report
What are the key factors driving the DM in the aerospace and defense market
What are the key market trends impacting the growth of the DM in the aerospace and defense market
What are the various opportunities and threats faced by the vendors in the DM in the aerospace and defense market
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the five forces analysis on the DM in the aerospace and defense market
Growth forecast of the DM in the aerospace and defense market until 2019
Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report Global DM in the Aerospace and Defence Sector 2015-2019
Technavio recognizes the following companies as the key players in the Global DM in the Aerospace and Defence Sector: Autodesk, Dassault Systmes, Mentor Graphics, PTC and Siemens PLM Software
Commenting on the report, an analyst from Technavios team said: Vendors are focusing on reducing the adoption cost of PLM, thereby leading to increased adoption of cloud-based PLM software. Various PLM service providers are implementing PLM on the cloud for end users. For instance, Wipro, a global information technology, consulting, and outsourcing firm, is providing cloud-based PLM services for Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through IaaS. It also helps end users to reduce upfront costs for implementation and the TCO.
According to the report, 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 is also expected to create a demand for nearly 1,000 airplanes in the next 20 years. 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 CAD market in the industry.
Further, the report states that piracy issues of DM software is a major challenge for vendors, leading to a decrease in their revenue.
Autodesk, Dassault Systmes, Mentor Graphics, PTC, Siemens PLM Software
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