PTC Brings Cloud-Native Model-Based Definition to Onshape

Core Insights - PTC Inc. has launched model-based definition (MBD) capabilities within its Onshape platform, marking the first MBD offering in a cloud-native environment, aimed at streamlining product development by embedding product manufacturing information (PMI) directly into 3D models [2][11] - The MBD feature is currently in an early visibility program with select customers and is expected to be generally available by the end of 2025 [2][11] - PTC's innovations will be showcased at the Paris Air Show in collaboration with Aura Aero, focusing on sustainable aviation [2] Product Development and Efficiency - MBD allows for a comprehensive digital product definition within a 3D CAD model, eliminating the need for separate 2D drawings and reducing miscommunication [3][4] - This approach enables a seamless digital thread across the entire product lifecycle, enhancing efficiency from design to manufacturing [4][5] - The reliance on outdated 2D methods has been identified as a source of inefficiency and increased risk of human error in manufacturing workflows [5] Company Growth and Innovations - PTC is expected to benefit from its strong product portfolio, which enhances operational efficiency and accelerates innovation across various industries [6] - The company has integrated generative AI capabilities into its product offerings, including Windchill AI and Onshape AI Advisor, which are anticipated to drive long-term success [7][8] - PTC's Onshape platform is also making significant strides in education, with over 1.5 million new signups annually from students and educators [9] Strategic Partnerships - In September 2024, PTC signed an agreement with Amazon Web Services to enhance Onshape's features and increase customer adoption, focusing on AI advancements [10] Financial Outlook - Despite the momentum of Onshape, PTC has lowered its 2025 annual recurring revenue (ARR) forecast to 7-9% due to foreign exchange pressures and global market uncertainties [11][12] - The company has cited ongoing tariff issues and a strong U.S. dollar as factors that may hinder growth, leading to a reduction in the high end of its ARR growth forecast from 10% [12]