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.
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. Publisher 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.
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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.
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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.
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