LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global CAD market in aerospace and defense industry provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Amrita Choudhury, a lead analyst from Technavio, specializing in research on product lifecycle management sector, says, “The demand for CAD software is expected to be high due to the increasing demand for passenger aircrafts worldwide. There is an increase in demand for passenger aircrafts due to a substantial increase in passenger traffic. As CAD is used for expediting the whole manufacturing process of aircraft, the demand for this software will be high during the forecast period.”
Request a sample report: http://www.technavio.com/request-a-sample?report=54594
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three emerging trends driving the global CAD market in aerospace and defense industry according to Technavio ICT research analysts are:
- Developments in CAD modeling
- Shift from perpetual license model to subscription model
- Shift toward 4-D CAD
Developments in CAD modeling
CAD modeling is basically a set of rules that help during computer modeling of 3-D solids. There are mainly two types of modeling in CAD:
- Parametric modeling
- Direct modeling
Parametric modeling uses parameters to define a model. The parameters may include dimensions, density of the material, and data relating to the material surface. The dimension control capabilities and feature definition properties make parametric modeling the ideal choice for many designers.
Direct modeling allows the designer to get direct access to the geometry of the product, allowing complete manipulation and editing, with least concerns about features and dimensions.
“Most CAD software use the best of the both direct and parametric modeling. Designers tend to prefer direct modeling, as it is helpful during the design or the initial stage of conceptualizing, while parametric modeling is useful in detailed designing,” says Amrita.
Shift from perpetual license model to subscription model
By the end of 2016, the global CAD market in the aerospace and defense industry will phase out the perpetual CAD licenses and shift toward periodic CAD subscription/licenses. The high ROI on subscription will encourage CAD vendors to reduce the sale of perpetual CAD licenses gradually, before finally discarding them.
Another major reason for the shift is the benefits of the subscription model over the perpetual license model. The subscription model is simple and provides a better user experience for the customers. Vendors can provide updated software versions with bug patches. In addition, the upfront cost is low in this model, and the users can subscribe the on-premises CAD software and services on their terms, be it monthly, quarterly, or annually. This flexibility, coupled with up-to-date software, has increased the preference of subscription model among end-users. Autodesk will stop providing perpetual CAD licenses for all their product suits by the end of 2016 and will focus on periodical subscriptions to boost revenues from end-users.
Shift toward 4-D CAD
End-users, especially the aerospace and defense industry, are gradually shifting from 3-D to 4-D CAD models. Globalization has increased the competition among CAD solution vendors, and the lack of product differentiation is further intensifying the competition for maximum market share. Vendors are incorporating additional features and functionalities in their 4-D CAD solutions to improve customer experience with enhanced operational performance and better project execution strategies. These kinds of solutions facilitate effective management of resources while adhering to project schedules.
Browse Related Reports:
- Global CAD Market in the Automotive Industry 2016-2020
- Global PLM Market in the Aerospace and Defense Sector 2016-2020
- Global CAD Market in Industrial Machinery Industry 2016-2020
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact firstname.lastname@example.org with your requirements and our analysts will be happy to create a customized report just for you.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.