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Global Military Aerospace & Defense Lifecycle Management Market by Service Lifecycle Management (SLM), by Type (Product Lifecycle Management (Product Lifecycle Management PLM) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: AT-74253
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 97
  • No. Of Pages: 245
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  • Pub. Date: 2021-10-21
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Summary of the Report

Global military aerospace and defense management market was valued at USD 7.4 Billion in 2019. It is projected to grow at an 8.4% compound annual growth rate (CAGR), between 2020 and 2027. Market growth is expected to be driven by the increasing demand from defense OEMs. This market will grow due to their need for innovative solutions that can help lower costs and improve product quality. Lifecycle Management solutions optimize every aspect of the product lifecycle, from conception to disposal. This improves throughput and quality. These solutions can be implemented by defense OEMs to enable cross-site workflows and remote operations. The growing demand for lifecycle management solutions from military aerospace and defense companies can be attributed to the evolving need for technologically-advanced solutions that can potentially streamline the core operations.

These solutions can be Internet of Things (IoT), Artificial Intelligence, (AI), or other automation solutions that are designed to manage critical tasks. These solutions are becoming more popular as they can be used to manage and disseminate information while increasing the efficiency of the equipment's lifecycle. The latest technology and reliable communication capabilities have enabled warfighting vehicles to evolve and include new features. The aerospace and defense industries have been rapidly evolving with the incorporation of cutting-edge technology that allows for faster, lighter and more connected tools. Military Aerospace and Defense OEMs have been aggressively adopting product management (PLM), solutions as part a mature technology strategy that they are following in managing the product/service lifecycle from conception to retirement. To print complex parts and components, OEMs use additive manufacturing. This is a cost-intensive and time-consuming process that can take a lot of effort and could result in costly and lengthy machining. As part of their efforts to meet the needs of end-customers, major lifecycle management solutions providers integrate additive engineering and advanced manufacturing capabilities into their offerings.

OEMs and Tier-1 suppliers increasingly demand highly customized solutions to address specific use-case issues. Lifecycle management solutions providers have adopted a customer-centric approach in order to meet the changing needs of their clients. Siemens is one of the most trusted lifecycle management solutions providers. They offer a wide range of technology solutions that can be tailored to meet the needs of small and large companies in the aerospace and defense industries. They focus on providing solutions that increase efficiency and lower total ownership costs. For more than a decade, prominent military and defense companies like Lockheed Martin and The Boeing Company have used PLM/SLM solutions to improve collaboration and workflow management.

The transition from traditional communication protocols to ethernet connections is occurring in defense applications. This can offer faster and more reliable connectivity options. The continued digitization, emergence of Industry 4.0, and connected value chain enable solution providers to offer advanced capabilities through the incorporation of emerging technologies, particularly for military aerospace companies and defense companies. AR/VR, IoT and big data analytics are all expected to play an important role in shaping operations within the aerospace and defense industries, as well as after-sales and maintenance services. These digital transformation technologies will improve the efficiency and intelligence in service, design, testing, production, and maintenance processes. These technologies' ability to solve product complexity and streamline product lifecycles is expected to open up huge opportunities for lifecycle management solutions.

Type Insights

In 2019, the PLM segment was the most profitable and will continue to dominate the market for military aerospace and defense-lifecycle management over the forecast period. PLM solutions give precise information about sub-systems and individual systems to OEMs and Tier-1 suppliers. They also update them with the necessary specifications for the most recent versions. This solution allows users to communicate, collaborate and define how designs will perform, so designs can be optimized before being implemented. Companies are increasingly using PLM solutions that integrate planning and execution capabilities to improve equipment longevity, get compliance certifications and establish closer relationships with regional aviation and defense authorities.

SLM solutions will experience the fastest CAGR at 9.9% during the forecast period. SLM solutions provide timely updates to field service teams in order to ensure the efficient functioning of defense products/equipment such as aircraft, battle tank, and submarines. These solutions can manage service parts management, field support operations, technical documentation, and product support operations. This will maximize equipment uptime. Leading solution providers offer SLM solutions that include BI capabilities. This allows them to monitor and track opportunities for proactive custom solutions, as well as strike service agreements based on the level of product usage.

Regional Insights

North America was the region with the highest revenue share in 2019. It is expected to grow at 6.2% during the forecast period. Due to its aggressive investments in improving its defense capabilities, the U.S. is the largest regional market. The U.S. spends a lot on defense, with a large portion of it going to maintenance and other service activities. The U.S. has played a dominant role for decades in all defense categories, including land, air and sea. They have made huge investments in developing advanced solutions across all of these areas.

Asia Pacific will experience the fastest CAGR at 10.6% between 2020 and 2027. By 2027, the regional market will surpass North America by USD 5 billion. Large-scale companies in the region are choosing advanced lifecycle management tools to improve their product development and process engineering. Due to ongoing developments in defense infrastructure and the expansion of the aerospace/defense industry in countries like China and India, the authorities are compelled to invest in automation and information technology to contribute significantly to the growing demand.

Market Share Insights & Key Companies

With a small number of market players accounting for significant market shares, the market is slowly consolidating. There is intense competition between market players due to the rising demand. Each player must focus on quality solutions. As part of their efforts to increase market share, prominent companies are looking at various strategies such as long-term agreements and strategic collaborations with established aerospace and defense OEMs as well as service providers. Startups are also beginning to see the potential of the market and want to capitalize on the increasing investor confidence to take advantage of the opportunities. The following are some of the most prominent players in the market for military aerospace and defense-lifecycle management:

  • Dassault Systemes

  • Siemens AG

  • PTC

  • Autodesk Inc.

Up Market Research published a new report titled “Military Aerospace & Defense Lifecycle Management Market research report which is segmented by Service Lifecycle Management (SLM), by Type (Product Lifecycle Management (Product Lifecycle Management PLM), By Players/Companies Dassault Syst¨mes, Autodesk Inc, PTC, Siemens AG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleMilitary Aerospace & Defense Lifecycle Management Market Research Report
By Service Lifecycle ManagementSLM
By Type (Product Lifecycle ManagementProduct Lifecycle Management PLM
By CompaniesDassault Syst¨mes, Autodesk Inc, PTC, Siemens AG
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages245
Number of Tables & Figures172
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Military Aerospace   Defense Lifecycle Management Industry Outlook

Global Military Aerospace & Defense Lifecycle Management Market Report Segments:

The market is segmented by Service Lifecycle Management (SLM), by Type (Product Lifecycle Management (Product Lifecycle Management PLM).

Military Aerospace & Defense Lifecycle Management Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Military Aerospace & Defense Lifecycle Management Market

Overview of the regional outlook of the Military Aerospace & Defense Lifecycle Management Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Military Aerospace   Defense Lifecycle Management Market Overview

Highlights of The Military Aerospace & Defense Lifecycle Management Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Military Aerospace & Defense Lifecycle Management Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Service Lifecycle Management:

                1. SLM

        7. By Type (Product Lifecycle Management:

                1. Product Lifecycle Management PLM

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Military Aerospace & Defense Lifecycle Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Military Aerospace   Defense Lifecycle Management Market Trends

Reasons to Purchase the Military Aerospace & Defense Lifecycle Management Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Aerospace & Defense Lifecycle Management Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Military Aerospace & Defense Lifecycle Management Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Military Aerospace & Defense Lifecycle Management Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Military Aerospace & Defense Lifecycle Management Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Military Aerospace & Defense Lifecycle Management Market Size & Forecast, 2018-2028 
      4.5.1 Military Aerospace & Defense Lifecycle Management Market Size and Y-o-Y Growth 
      4.5.2 Military Aerospace & Defense Lifecycle Management Market Absolute $ Opportunity 


Chapter 5 Global Military Aerospace & Defense Lifecycle Management Market Analysis and Forecast by Service Lifecycle Management
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Service Lifecycle Management
      5.1.2 Basis Point Share (BPS) Analysis by Service Lifecycle Management
      5.1.3 Absolute $ Opportunity Assessment by Service Lifecycle Management
   5.2 Military Aerospace & Defense Lifecycle Management Market Size Forecast by Service Lifecycle Management
      5.2.1 SLM
   5.3 Market Attractiveness Analysis by Service Lifecycle Management

Chapter 6 Global Military Aerospace & Defense Lifecycle Management Market Analysis and Forecast by Type (Product Lifecycle Management
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Type (Product Lifecycle Management
      6.1.2 Basis Point Share (BPS) Analysis by Type (Product Lifecycle Management
      6.1.3 Absolute $ Opportunity Assessment by Type (Product Lifecycle Management
   6.2 Military Aerospace & Defense Lifecycle Management Market Size Forecast by Type (Product Lifecycle Management
      6.2.1 Product Lifecycle Management PLM
   6.3 Market Attractiveness Analysis by Type (Product Lifecycle Management

Chapter 7 Global Military Aerospace & Defense Lifecycle Management Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Military Aerospace & Defense Lifecycle Management Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Military Aerospace & Defense Lifecycle Management Analysis and Forecast
   9.1 Introduction
   9.2 North America Military Aerospace & Defense Lifecycle Management Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Military Aerospace & Defense Lifecycle Management Market Size Forecast by Service Lifecycle Management
      9.6.1 SLM
   9.7 Basis Point Share (BPS) Analysis by Service Lifecycle Management 
   9.8 Absolute $ Opportunity Assessment by Service Lifecycle Management 
   9.9 Market Attractiveness Analysis by Service Lifecycle Management
   9.10 North America Military Aerospace & Defense Lifecycle Management Market Size Forecast by Type (Product Lifecycle Management
      9.10.1 Product Lifecycle Management PLM
   9.11 Basis Point Share (BPS) Analysis by Type (Product Lifecycle Management 
   9.12 Absolute $ Opportunity Assessment by Type (Product Lifecycle Management 
   9.13 Market Attractiveness Analysis by Type (Product Lifecycle Management

Chapter 10 Europe Military Aerospace & Defense Lifecycle Management Analysis and Forecast
   10.1 Introduction
   10.2 Europe Military Aerospace & Defense Lifecycle Management Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Military Aerospace & Defense Lifecycle Management Market Size Forecast by Service Lifecycle Management
      10.6.1 SLM
   10.7 Basis Point Share (BPS) Analysis by Service Lifecycle Management 
   10.8 Absolute $ Opportunity Assessment by Service Lifecycle Management 
   10.9 Market Attractiveness Analysis by Service Lifecycle Management
   10.10 Europe Military Aerospace & Defense Lifecycle Management Market Size Forecast by Type (Product Lifecycle Management
      10.10.1 Product Lifecycle Management PLM
   10.11 Basis Point Share (BPS) Analysis by Type (Product Lifecycle Management 
   10.12 Absolute $ Opportunity Assessment by Type (Product Lifecycle Management 
   10.13 Market Attractiveness Analysis by Type (Product Lifecycle Management

Chapter 11 Asia Pacific Military Aerospace & Defense Lifecycle Management Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Military Aerospace & Defense Lifecycle Management Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Military Aerospace & Defense Lifecycle Management Market Size Forecast by Service Lifecycle Management
      11.6.1 SLM
   11.7 Basis Point Share (BPS) Analysis by Service Lifecycle Management 
   11.8 Absolute $ Opportunity Assessment by Service Lifecycle Management 
   11.9 Market Attractiveness Analysis by Service Lifecycle Management
   11.10 Asia Pacific Military Aerospace & Defense Lifecycle Management Market Size Forecast by Type (Product Lifecycle Management
      11.10.1 Product Lifecycle Management PLM
   11.11 Basis Point Share (BPS) Analysis by Type (Product Lifecycle Management 
   11.12 Absolute $ Opportunity Assessment by Type (Product Lifecycle Management 
   11.13 Market Attractiveness Analysis by Type (Product Lifecycle Management

Chapter 12 Latin America Military Aerospace & Defense Lifecycle Management Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Military Aerospace & Defense Lifecycle Management Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Military Aerospace & Defense Lifecycle Management Market Size Forecast by Service Lifecycle Management
      12.6.1 SLM
   12.7 Basis Point Share (BPS) Analysis by Service Lifecycle Management 
   12.8 Absolute $ Opportunity Assessment by Service Lifecycle Management 
   12.9 Market Attractiveness Analysis by Service Lifecycle Management
   12.10 Latin America Military Aerospace & Defense Lifecycle Management Market Size Forecast by Type (Product Lifecycle Management
      12.10.1 Product Lifecycle Management PLM
   12.11 Basis Point Share (BPS) Analysis by Type (Product Lifecycle Management 
   12.12 Absolute $ Opportunity Assessment by Type (Product Lifecycle Management 
   12.13 Market Attractiveness Analysis by Type (Product Lifecycle Management

Chapter 13 Middle East & Africa (MEA) Military Aerospace & Defense Lifecycle Management Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Military Aerospace & Defense Lifecycle Management Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Military Aerospace & Defense Lifecycle Management Market Size Forecast by Service Lifecycle Management
      13.6.1 SLM
   13.7 Basis Point Share (BPS) Analysis by Service Lifecycle Management 
   13.8 Absolute $ Opportunity Assessment by Service Lifecycle Management 
   13.9 Market Attractiveness Analysis by Service Lifecycle Management
   13.10 Middle East & Africa (MEA) Military Aerospace & Defense Lifecycle Management Market Size Forecast by Type (Product Lifecycle Management
      13.10.1 Product Lifecycle Management PLM
   13.11 Basis Point Share (BPS) Analysis by Type (Product Lifecycle Management 
   13.12 Absolute $ Opportunity Assessment by Type (Product Lifecycle Management 
   13.13 Market Attractiveness Analysis by Type (Product Lifecycle Management

Chapter 14 Competition Landscape 
   14.1 Military Aerospace & Defense Lifecycle Management Market: Competitive Dashboard
   14.2 Global Military Aerospace & Defense Lifecycle Management Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Dassault Syst¨mes
      14.3.2 Autodesk Inc
      14.3.3 PTC
      14.3.4 Siemens AG
Segments Covered in the Report
The global Military Aerospace & Defense Lifecycle Management market has been segmented based on

By Service Lifecycle Management
  • SLM
By Type (Product Lifecycle Management
  • Product Lifecycle Management PLM
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Dassault Syst¨mes
  • Autodesk Inc
  • PTC
  • Siemens AG

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