Needham, MA, USA, June 16, 2015 — PTC (Nasdaq: PTC) today announced it has been named by CIMdata as the leading provider of Product Lifecycle Management (PLM) collaboration software to aerospace and defense (A&D) manufacturers. Aerospace and defense manufacturers continue to view investment in PLM strategies and technologies as a key means to innovate, differentiate, and drive efficiency into product development initiatives. Around the world, these manufacturers seek to implement ways to modernize their technology infrastructure and business processes to meet rising market demand. Industry experts estimate that as many as 33,000 new aircraft will be delivered to market over the next 20 years due to the need for more fuel-efficient aircraft, the growing world population, and the aging condition of the existing fleet. PLM plays a critical role in helping manufacturers address these demands by bringing new aircraft to market more quickly and efficiently while delivering the highest level of quality and safety.
"Our most recent PLM market research points to PTC as the industry leader in providing collaborative Product Definition management (cPDm) solutions to the A&D market with its PTC Windchill® portfolio," said Stan Przybylinski, VP of Research at PLM strategic management consulting firm CIMdata. CIMdata's full PLM Market Analysis Report (MAR) for calendar year 2014 will be available in early July.
"We're very pleased to receive this validation from CIMdata, and we continue to commit to the success of the A&D industry by providing high-quality, market-leading solutions," stated Kevin Wrenn, Divisional GM, PLM Segment, PTC.
With an award-winning Internet of things (IoT) platform, PTC is now also able to help A&D companies better build, operate, and service their plant operations as well as their sophisticated products. This in turn enables them to achieve better overall growth and profitability goals.