Plm Industry in the Aerospace and Defense Sector Market Size, Share, Costs and Price

Many manufacturing companies need PLM software as it deals with various functional levels of an organization such as product designing, design engineering, and manufacturing. The need for managing a product from the concept to servitization has led to the emergence of PLM software and services.

The growing product complexity and increase in product portfolios across organizations has led to the demand for a system that can provide solutions to the production process across industries. The implementation of a PLM in an organization provides higher revenue, reduces cost, and provides capital efficiency.

Technavio's analysts forecast the global PLM market in the aerospace and defense industry to grow at a CAGR of 8.94% during the period 2016-2020.

Browse Detail Report With TOC @ http://www.hexareports.com/report/global-plm-market-in-the-aerospace-and-defense-sector-2016-2020/details

The report covers the present scenario and the growth prospects of the global PLM market in the aerospace and defense industry for the period 2016-2020. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global PLM Market in the Aerospace and Defense Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Autodesk

Dassault Systemes

PTC

Siemens PLM Software

Other prominent vendros

Ansys

Bentley

3D Systems

Cadence

Cadonix

CD-Adapco

Graebert

Hexagon

IMSI/Design

IronCAD

Mentor Graphics

MSC

Numeca International

Oracle

SAP

Synopsys

Zuken.

Market driver

Increase in R&D investment in EMEA

For...