Military Aerospace & Defense Lifecycle Management Market Growth & Trends
The global military aerospace and defense lifecycle management market size is anticipated to reach USD 14.2 billion by 2027, registering a CAGR of 8.4% from 2020 to 2027. The growing demand for Product Lifecycle Management (PLM) software solutions from the defense equipment manufacturers and suppliers is expected to drive the market growth. PLM software solutions help the defense equipment manufacturers and suppliers in every facet of the process, right from the initial concept to development and testing processes, and efficient manufacturing.
Manufacturers of military aerospace and defense (A&D) equipment often have to deal with several complex components. PLM software solutions can potentially enable all these manufacturers with the capabilities that can be implemented with complex systems and facilities and help them in reducing energy consumption. The product lifecycle management software solutions can also aid in carrying out the maintenance processes efficiently and driving down the associated costs.
The military aerospace and defense OEMs are gradually realizing the importance of lifecycle management solutions in managing the existing and new programs in the most efficient manner. They are also implementing lifecycle management solutions to create additional business value for the organization by improving the operations throughout the product/ service lifecycle. They are particularly striking long-term agreements with lifecycle management solution providers to implement the solutions and enhance their capabilities.
Military Aerospace & Defense Lifecycle Management Market Report Highlights
The global military aerospace and defense lifecycle management market size is anticipated to reach USD 14.2 billion by 2027, registering a CAGR of 8.4% from 2020 to 2027. The growing demand for Product Lifecycle Management (PLM) software solutions from the defense equipment manufacturers and suppliers is expected to drive the market growth. PLM software solutions help the defense equipment manufacturers and suppliers in every facet of the process, right from the initial concept to development and testing processes, and efficient manufacturing.
Manufacturers of military aerospace and defense (A&D) equipment often have to deal with several complex components. PLM software solutions can potentially enable all these manufacturers with the capabilities that can be implemented with complex systems and facilities and help them in reducing energy consumption. The product lifecycle management software solutions can also aid in carrying out the maintenance processes efficiently and driving down the associated costs.
The military aerospace and defense OEMs are gradually realizing the importance of lifecycle management solutions in managing the existing and new programs in the most efficient manner. They are also implementing lifecycle management solutions to create additional business value for the organization by improving the operations throughout the product/ service lifecycle. They are particularly striking long-term agreements with lifecycle management solution providers to implement the solutions and enhance their capabilities.
Military Aerospace & Defense Lifecycle Management Market Report Highlights
- Military aerospace & defense companies are aggressively adopting the digital twin technology to improve the product design, process design, and maintenance approaches
- 3D printing is allowing defense equipment companies to enhance the manufacturing performance and reduce the associated cost as compared to the conventional methods that typically involve several stages, tools, and treatments to attain the desired result.
- Blockchain technology is being used by military aerospace & defense companies to record events, scheduled maintenance checks, and monitor the operating conditions of the assets.
- Adoption of Augmented Reality (AR) in maintenance applications is expected to replace the conventional pen-and-paper checklist with a voice-based system for providing step-by-step instructions on the field view, thereby enhancing the capabilities of the workforce.
Table of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources & Third-party Perspective
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
Chapter 3 Industry Outlook
3.1 Market Size and Growth Prospects
3.2 Industry Value Chain Analysis
3.3 Market Dynamics
3.3.1 Technology trends
3.3.2 Regulatory Trends
3.3.3 Supplier Trends
3.3.4 Customer Trends
3.3.5 Market driver analysis
3.3.5.1 Prolonged lifespan of military aircraft
3.3.5.2 Rising demand from the defense sector
3.3.5.3 Complexities in associated components
3.3.6 Market restraint/challenges analysis
3.3.6.1 Susceptibility to cyber crimes
3.3.6.2 High associated costs
3.4 Breakdown of Global Market Revenue (2019) by Land, Air, and Sea
3.5 Ranking of Top 10 Defense Spending Countries
3.6 Technology Landscape
3.6.1 Advent of AR/VR
3.6.2 Increasing usage of IoT solutions
3.6.3 Emergence of AI and Big Data analytics
3.6.4 Integration of Additive Manufacturing (AM)/3D Printing
3.6.5 An overview of the adoption of IETM/IETP and its benefits
3.7 Business Environmental Analysis Tools
3.7.1 Porter’s five forces analysis
3.7.2 PEST analysis
3.8 Key Company Ranking Analysis, 2019
Chapter 4 Type Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Million)
4.2 Type Movement Analysis & Market Share, 2019 & 2027 (USD Million)
4.3 PLM
4.3.1 Global market size estimates and forecasts, 2016 - 2027 (USD Million)
4.4 SLM
4.4.1 Global market size estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 5 Regional Estimates and Trend Analysis
5.1 Regional Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Million)
5.2 Regional Movement Analysis & Market Share, 2019 & 2027 (USD Million)
5.3 North America
5.3.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.3.2 U.S.
5.3.2.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.3.3 Canada
5.3.3.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.4 Europe
5.4.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.4.2 Germany
5.4.2.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.4.3 U.K.
5.4.3.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.5 Asia Pacific
5.5.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.5.2 China
5.5.2.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.5.3 India
5.5.3.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.5.4 Japan
5.5.4.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.6 Latin America
5.6.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.7 MEA
5.7.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.7.2 UAE
5.7.2.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
5.7.3 KSA
5.7.3.1 Market size estimates and forecasts, by type, 2016 - 2027 (USD Million)
Chapter 6 Competitive Landscape
6.1 Company Profiles
6.1.1 ARAS
6.1.1.1 Company Overview
6.1.1.2 Product Benchmarking
6.1.1.3 Recent Developments
6.1.2 ATS Global B.V.
6.1.2.1 Company Overview
6.1.2.2 Product Benchmarking
6.1.3 Dassault Systèmes
6.1.3.1 Company Overview
6.1.3.2 Financial Performance
6.1.3.3 Product Benchmarking
6.1.3.4 Recent Developments
6.1.4 Honeywell International Inc.
6.1.4.1 Company Overview
6.1.4.2 Financial Performance
6.1.4.3 Product Benchmarking
6.1.4.4 Recent Developments
6.1.5 Infor
6.1.5.1 Company Overview
6.1.5.2 Financial Performance
6.1.5.3 Product Benchmarking
6.1.5.4 Recent Developments
6.1.6 PROLIM
6.1.6.1 Company Overview
6.1.6.2 Product Benchmarking
6.1.6.3 Recent Developments
6.1.7 PTC
6.1.7.1 Company Overview
6.1.7.2 Financial Performance
6.1.7.3 Product Benchmarking
6.1.7.4 Recent Developments
6.1.8 Rolls-Royce plc
6.1.8.1 Company Overview
6.1.8.2 Financial Performance
6.1.8.3 Product Benchmarking
6.1.8.4 Recent Developments
6.1.9 Siemens AG
6.1.9.1 Company Overview
6.1.9.2 Financial Performance
6.1.9.3 Product Benchmarking
6.1.9.4 Recent Developments
6.1.10 SLM Solutions
6.1.10.1 Company Overview
6.1.10.2 Financial Performance
6.1.10.3 Product Benchmarking
6.1.10.4 Recent Developments List of Tables
Table 1 Global military aerospace & defense lifecycle management market size estimates & forecasts, 2016 - 2027 (USD Million)
Table 2 Global military aerospace & defense lifecycle management market, by region, 2016 - 2027 (USD Million)
Table 3 Global military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 4 Key market driver impact
Table 5 Key market restraint/challenges impact
Table 6 Impact of AM/3D printing on the military aerospace & defense sector
Table 7 Global military aerospace & defense PLM market, by region, 2016 - 2027 (USD Million)
Table 8 Global military aerospace & defense SLM market, by region, 2016 - 2027 (USD Million)
Table 9 North America military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 10 U.S. military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 11 Canada military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 12 Europe military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 13 Germany military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 14 U.K. military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 15 Asia Pacific military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 16 China military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 17 India military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 18 Japan military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 19 Latin America military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 20 MEA military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 21 UAE military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Table 22 KSA military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
List of Figures
FIG 1 Market segmentation & scope
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Primary research process
FIG. 5 Market formulation and data visualization
FIG. 6 Industry snapshot
FIG. 7 Military aerospace & defense lifecycle management market size and growth prospects
FIG. 8 Value chain analysis
FIG. 9 Market dynamics
FIG. 10 Breakdown of the revenue (2019) by Land, Air, and Sea
FIG. 11 Ranking of top 10 defense spending countries
FIG. 12 Key AR/VR use-cases in maintenance and service of complex military & defense assets
FIG. 13 Current and potential application of AM
FIG. 14 AM tactical path
FIG. 15 Five Classes of IETM
FIG. 16 Industry Analysis-Porter’s
FIG. 17 PEST Analysis
FIG. 18 Key company ranking analysis, 2019
FIG. 19 Type market size estimates & forecasts and trend analysis, 2016 - 2027 (USD Million)
FIG. 20 Type movement analysis & market share, 2019 & 2027 (USD Million)
FIG. 21 Regional market size estimate & forecast and trend analysis, 2016 - 2027 (USD Million)
FIG. 22 Regional movement analysis & market share, 2019 & 2027 (USD Million)
FIG. 23 North America military aerospace & defense lifecycle management market, by country, 2019 & 2027 (USD Billion)
FIG. 24 North America military aerospace & defense lifecycle management market, by type, 2019 & 2027 (USD Million)
FIG. 25 U.S. military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 26 Canada military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 27 Europe military aerospace & defense lifecycle management market, by country, 2019 & 2027 (USD Billion)
FIG. 28 Europe military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 29 Germany military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 30 U.K. military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 31 Asia Pacific military aerospace & defense lifecycle management market, by country, 2019 & 2027 (USD Billion)
FIG. 32 Asia Pacific military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 33 China military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 34 India military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 35 Japan military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 36 Latin America military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 37 MEA military aerospace & defense lifecycle management market, by country, 2019 & 2027 (USD Million)
FIG. 38 MEA military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 39 UAE military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
FIG. 40 KSA military aerospace & defense lifecycle management market, by type, 2016 - 2027 (USD Million)
Companies Mentioned
- ARAS
- ATS Global B.V.
- Dassault Systèmes
- Honeywell International Inc.
- Infor
- PROLIM
- PTC
- Rolls-Royce plc
- Siemens AG
- SLM Solutions
Methodology
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