What is the market size for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Global PLM Market in the Aerospace and Defense Sector 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-product-lifecycle-management-plm-aerospace-and-defense-sector-market'>Read More</a>

Published: Jan 2016
Pages: 95
SKU: IRTNTR8171

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Market outlook of PLM in the aerospace and defense sector

Technavio’s research analyst predicts the global product lifecycle management (PLM) market in the aerospace and defense sector to grow steadily at a CAGR of almost 9% during the forecast period. The increasing demand for commercial aircraft is the primary growth driver for this market. In the next 20 years, the demand for new commercial aircraft is expected to emerge from the Middle East and European regions. This increased demand has boosted the manufacturing and design of new aircraft models by companies such as Airbus and Boeing, which is expected to drive the PLM market in the aerospace and defense industry.

The requirement for aircrafts with increased technical capabilities is also expected to boost the market growth during the forecast period. This involves the design of fuel-efficient engines and reduction in the weight of the aircraft without compromising flight stability and other features.