Technavio has announced the top seven leading vendors for the global PLM in electrical and electronics marketin their latest research report. This report also lists 14 other prominent vendors who are expected to contribute to this market's growth over the forecast period.
To identify the top vendors, Technavio's lead ICTmarket research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors, which includes resellers and distributors.
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"Vendors, like ANSYS, Mentor Graphics, and EXA are likely to forge strategic partnerships with different computational fluid dynamics (CFD) support platform providers through 2020. Increased global consumption of consumer electronics will continue to foster the demand for advanced FEA and CFD in PLM during the forecast period. FEA and CFD are of much use in designing consumer electronics devices such as smartphones for analyzing the temperature and its effect in the circuitry," said Amrita Choudhury, one of Technavio's lead analysts for product lifecycle management research.
"In terms of CAGR, the computational fluid dynamics (CFD) and finite element method (FEA) are predicted to remain the fastest growing segments until 2020, followed by cPDM in the global PLM in electrical and electronics market," added Amrita.
Seven leading vendors in the global PLM in electrical and electronics market:
ANSYS, a global engineering simulation software and service provider, follows a product expansion strategy to increase its revenue in the global FEA market in the electrical and electronics industry. They are focused on providing new technology to their end customers to increase productivity through engineering simulation solutions with extended functionalities that can be integrated with CAD, ECAD, and PLM solutions. The company maintains a direct sales management organization, with a developed enterprise-wide and focused sales approach. They also support channel partners through their presence of a direct sales office. The company derived 25% of its revenue from indirect sales channels, indicating a large presence in the direct sales channel.
Cadence Design Systems
Cadence Design Systems was established in 1988 and is headquartered in San Jose, California. The company is an EDA and SIP provider. They combine products and technologies into categories that are related to key design activities such as the following:
- Functional verification that includes emulation hardware and IP
- Digital IC design and signoff
- Customs IC design
- System interconnect and analysis
In July 23, 2014, they introduced three new OrCAD PCB products targeting the emerging electronic product design challenges. In the same period they announced Protium rapid prototyping platform which significantly expanded their system development suit.
The overall strategy of Dassault Systèmes is to expand its 3D EXPERENCE platform to several end-users globally. They follow various strategies to compete in the PLM market. They offer various novel software and solutions for new disciplines and segments. For instance, they provide different software or solutions for product design, engineering and simulation, quality assurance and compliance, manufacturing, business operations and planning, and project management within a single sector.
Dassault's sector diversification strategy includes providing different software and solutions to specific sectors, such as aerospace and defense, transportation and mobility, high-tech, engineering and construction, marine and offshore, life sciences, process and utilities, natural resources, industrial equipment, consumer goods and retail, CPG, and financial and business services.
Mentor Graphics was incorporated in 1981 and is headquartered in Oregon, US. They are engaged in the design and production of EDA software and hardware solutions for electrical engineering and electronics.
Their product portfolio serves multiple industries such as the military and aerospace, communications, computer, consumer electronics, networking, multimedia, semiconductor, and transportation. Their product portfolio is segmented into five categories: IC design to silicon, scalable verification, integrated system design, new and emerging products, and services and others. The company offers products that help its customers to create ICs, PCBs, embedded software solutions, FPGAs, wire harness systems, and computers.
Siemens PLM Software
Siemens PLM Software is primarily engaged in the design, development, and production of pre-packaged computer software, and they specialize in 3D and 2D PLM and collaboration PLM software.
They generate revenue from licenses, maintenance, and services. The strategic differentiators between Siemens PLM Software and other vendors is that the former allows end-users to configure the system. The code is automatically generated by the software, which makes software deployment a lot easier. The company focuses on making the UI easy to use.
PTC is focused on serving emerging markets, such as SLM and IoT. In 2014, PTC acquired ThingWorx, which develops platforms for IoT, and Axeda, which provides a platform for connecting sensors and machines to the cloud. The company sees fewer opportunities in the highly penetrated CAD market. However, they hold a strong presence in the market in North America, with new and innovative products and a large number of resellers.
Synopsys, established in 1986, is headquartered in Mountain View, US. They are an EDA software company engaged in offering core design solutions, IP products, and professional services that are widely used in designing ICs and electronic systems.
The company's products portfolio is classified into four groups: core EDA solutions, IP and system-level solutions, manufacturing solutions, and professional services and training. The company uses the Galaxy Design Platform and the Discovery Verification platform in design and verification of an IC. Some key products include IC Compiler physical design solution, PrimeTime timing analysis, and FPGA products.
Browse related reports:
- cPDM market in the Electrical and Electronics: Industry Analysis 2015-2019
- Global CFD Market in the Electrical and Electronics Industry 2015-2019
- CAD Market in Electrical and Electronics Sector in North America 2015-2019
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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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