London, 16 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the global numerical control (NC) in the automotive sector 2015-2019, which is expected to grow at a CAGR of 7.02% during the period of 2014-2019.
The demand for eco-friendly vehicles has also been increasing globally. This creates demand for new production facilities and production machineries including NC machining centers. The usage of NC machines involves only occasional maintenance. NC supports simulation and thereby reduces the need to make prototypes. This saves time and money
“NC software is being widely adopted by engineers across various companies to improve the efficiency and accuracy of products. The software helps to generate accurate product manufacturing and product design. Hence, the software enables organizations to develop better quality products with optimum accuracy,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Advantages associated with usage of NC machines
- Need to improve accuracy of product
- Reduction in lead time
Key Market Trends
- Increased support for multitasking
- Enactment of new CAFE law post 2016
- Advancements in post processing
- Mergers and acquisitions by NC vendors
Key Market Vendors
- Autodesk
- 3D Systems
- Dassault Systems
- Hexagon
- Siemens
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global NC in the Automotive Sector 2015-2019, please send an e-mail to media@TechNavio.com.
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