LONDON — (BUSINESS WIRE) — March 21, 2016 — The CAD market in the aerospace and defense sector in EMEA is expected to reach USD 686 million by 2019, growing at a CAGR of 4.5%, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the CAD market in the aerospace and defense sector in EMEA for 2015-2019. To calculate the market size, the report considers revenue generated from the following: sales of CAD software license and services.
Technavio’s research study segments the CAD market in the aerospace and defense sector in EMEA into the following regions:
- Middle East
Europe: largest CAD market in the aerospace and defense sector in EMEA
The CAD market in the aerospace and defense industry in Europe was valued at USD 484.75 million in 2014 and is expected to reach USD 602.23 million by 2019, growing at a CAGR of 4.44%. The major countries in Europe include the UK, Germany, France, and others (other European countries like Russia, Austria, Finland, Italy, Spain, Czech Republic, Poland, Bulgaria, Belgium, Netherlands, Switzerland, Turkey and Sweden).
“France, which has the presence of some of the largest aerospace and defense companies in the world, including Airbus Group, Dassault Aviation, Safran, and Arianespace, is the largest player in Europe,” says Amrita Choudhury, a lead research analyst at Technavio for product lifecycle management.
Airbus, an aircraft designing and manufacturing company based in France, uses Dassault Systemes for 3D designing and manufacturing engineering.
CAD market in the aerospace and defense industry in the Middle East
One of the major countries that drives the CAD market in the aerospace and defense industry in the Middle East is Israel. Israel has a well-developed defense system and aircraft with highly sophisticated technologies. “The country exports many of its defense products to various foreign markets. For instance, Elbit Systems Ltd., a defense electronics manufacturer and integrator based in Haifa, supplied Skylark I UAV systems to the Australian army in 2008,” adds Amrita.
Saudi Arabia was the largest country in the Middle East in terms of the military expenditure in 2012. The country was ranked 7th in the global rankings. Saudi Arabia has a dynamic aerospace industry because of its increasing population and growth in tourism.
Another major player in the CAD market in the aerospace industry in the Middle East is Turkey. The aerospace and defense industry in Turkey has shown considerable growth during the past few years. Turkey has set up many joint ventures in the country in the aerospace and defense industry. The increased demand for aircrafts and the economic growth is expected to drive the growth of the CAD market in the aerospace industry in Turkey.
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CAD market in the aerospace and defense industry in Africa
Africa has a much lower share in the CAD software market in the aerospace and defense industry. One of the major end-users of CAD solutions for the aerospace and defense industry in Africa is South Africa.
The CAD market in South Africa is facing the huge challenge of piracy. Software piracy is increasing at a higher rate in South Africa. An organization called SAFACT (South African Federation against Copyright Theft) was formed in South Africa to harness the increased growth of piracy in South Africa. Also, the growth of commercial aircraft in Southern Africa is slowing down.
Aerosud, an aircraft designing and manufacturing company based in South Africa, uses Dassault Systemes for PLM solutions.
Some of the top vendors in the CAD market in the aerospace and defense sector in EMEA highlighted in the report are:
- Dassault Systemes
- Siemens PLM Software
Browse Related Reports:
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- CAD Market in Electrical and Electronics Sector in North America 2015-2019
- CAD Market in the Automotive Sector in APAC 2015-2019
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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.
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