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
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