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SAN FRANCISCO, Dec. 15, 2020 /PRNewswire/ 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, according to a new report by Grand View Research, Inc. 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.
Key suggestions from the report:
Military aerospace & defense companies are aggressively adopting the digital twin technology to improve the product design, process design, and maintenance approaches
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