The future of the aerospace industry
The aerospace industry took off with Wilbur and Orville Wright’s first powered flight in 1903, a technology watershed that laid the foundation for rapid progress in aviation and space exploration. The industry evolved from rudimentary fixed-wing aircraft to sophisticated jetliners and rotary-wing platforms, as well as spacecraft, propelled by innovation and global conflicts that demanded the rapid development of aerial capabilities.
The global aerospace market is valued at approximately $330.5 billion (2023) and is projected to reach around $662.4 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.2%. As the industry evolves further and faster, artificial intelligence (AI) and automation are expected to drive innovation, reduce costs, and increase efficiency. The integration of smart sensors and AI-driven systems will streamline maintenance and operations, while other variables like the rise of electric vertical take-off and landing (eVTOL) aircraft and increased commercial space activities are launching a new era of urban air mobility and space exploration.
Aerospace leaders are embracing digital transformation to navigate this evolving landscape and are already reaping the benefits. Leveraging advanced software solutions for CAD, PLM, and SLM is mission critical in keeping fleets safe and up to date, while sharpening and maintaining a competitive business edge.
Aerospace industry divisions
Aerospace companies may participate in several or all of the industry’s constituent divisions, while others are highly focused.
Commercial aviation
Defense and military aviation
Space exploration
Aerospace leaders: Teaming up with PTC to drive value
For decades, PTC has partnered with leaders across industries and across the globe, delivering pioneering tools that have propelled innovation and created value in every sector. Today, the most consequential aerospace enterprises and their supply chain partners deploy PTC solutions to address the range of challenges that define the industry. Read about the paths taken by some of our most successful aerospace customers below.
PTC solutions driving progress in aerospace
Requirements management
It’s crucial that requirements be mapped in detail before any product is built or code written, so that software and hardware requirements are in sync across the manufacturing value chain. PTC's requirements management solutions, such as Codebeamer, provide a centralized repository for requirements, enabling aerospace engineering teams to integrate compliance into the development process early on, ensuring traceability and alignment with regulatory standards.
Model-based systems engineering (MBSE)
PTC's MBSE approach employs integrated models to design and visualize complex aerospace systems, facilitating better decision-making and cross-disciplinary collaboration. This is essential for safety-critical applications, as well as “collapsing the V”—shortening development timelines by enabling multidisciplinary collaboration and system-level simulation so that every aspect of a system can be validated as working together according to the design intent.
Design for additive manufacturing (DfAM)
PTC Creo supports DfAM by enabling engineers to create complex, lightweight, and innovative structures optimized for 3D printing, exemplified by the development of the world's first fully 3D-printed jet engine. And with the AI-enhanced generative design capabilities enabled in Creo, product designs can be created automatically based on your constraints and requirements for faster development, better quality, and designs that are ready to manufacture.
Streamlining change management
PTC Windchill enables robust change management for aerospace, tracking modifications across complex products and systems. It integrates with ERP, MES, and CRM to align design and production, enhances cross-discipline collaboration, and supports scalable, repeatable processes that improve enterprise-wide decision-making.
Product line engineering (PLE)
PLE is a strategic framework for managing the complexity and variability that characterizes much of the aerospace industry. PTC Pure Variants opens the door to truly holistic PLE, so aerospace engineers can manage feature and model variants with confidence. The solution integrates with existing development processes, streamlining product line development, improving efficiency, and managing complex aerospace product variants with the security the industry demands.
Configuration management
PTC Windchill includes robust configuration management capabilities designed specifically to support the kind of large, complex product and assembly designs and high variability that characterize the aerospace industry. Complexity and variability, characteristic attributes of aerospace design and manufacturing, require extremely robust configuration management. It’s crucial that production and assembly follow the correct configuration every time to avoid nonconformities and ensure on-time delivery.
Composite design and manufacturing
Creo offers the most advanced tools available for composites design and analysis, enabling engineers to create lightweight, high-strength components essential for modern aerospace applications. Engineers can mix and match material layers, allowing customization for very specific requirements to deliver the strong, lightweight components required to match and exceed the requirements of modern aeronautical engineering.
Manufacturing process management (MPM)
The siloing of R&D and engineering functions can impede the concurrent engineering processes necessary for competitive advantage in today’s aerospace industry. PTC's digital manufacturing solutions facilitate comprehensive MPM by defining and managing the manufacturing processes used to make parts, assemble final products, and perform inspections, bridging the gap between product design and production execution.
Service parts management
Nowhere in industry is it more critical for operators to have access to the right part where it’s needed at the lowest possible price. When a plane is grounded due to a missing part, the costs vastly exceed the value of the part itself. PTC's Servigistics applies AI-driven optimization to enhance service supply chains, ensuring high parts availability at reduced costs, and aiding aerospace organizations in maintaining operational readiness.
Computer-aided design (CAD)
Accelerate aerospace design with Creo’s precision modeling for complex, lightweight, and certifiable components.
Product lifecycle management (PLM)
Windchill ensures full traceability and control across aerospace programs, from initial design to certification and sustainment.
Application lifecycle management (ALM)
PTC’s ALM tools, including Codebeamer and complementary products like PTC Modeler and Pure Variants, unify hardware and software development for avionics and aerospace systems requiring high assurance and compliance.
Service lifecycle management (SLM)
PTC SLM-focused and supporting technologies, including ServiceMax, Arbortext, and Servigistics, help bolster fleet readiness by optimizing parts availability, service planning, and MRO for aerospace platforms.
Digital thread
Open architectures like PTC’s help companies establish a digital thread across the value chain for real-time, cross-domain connectivity from concept to service, supporting certification, quality, and innovation in aerospace programs.
Digital twin
Use real-world, real-time data to simulate and monitor aerospace assets, improving performance, maintenance, and lifecycle decision-making.