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.
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Geographical segmentation of the DM
market in aerospace and defense
- APAC
- Americas
- EMEA
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
- Autodesk
- Dassault Systmes
- Mentor Graphics
- PTC
- 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.
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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
Related reports
Global DM Market in the Automotive
Industry: Research Report 2015-2019
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DM Market in Japan 2015-2019
DM Market in Mexico 2015-2019
DM Market in US 2015-2019
DM Market in Japan 2015-2019
DM Market in Mexico 2015-2019
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