London, 15 October 2015: Technavio, the independent tech-focused global research firm, has published a report on the global numerical control (NC) in electrical and electronics sector 2015-2019, which is predicted to grow at a CAGR of 8.24% during the forecast period of 2014-2019.
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 and so enables organizations to develop better quality products with optimum accuracy. Many manufacturing companies therefore depend on NC software to improve the quality of their products.
“The growth of the smartphone industry and the increased usage of NC in smartphone manufacturing plants is a major trend in the NC market in the electronics industry,” says Faisal Ghaus, Vice President of Technavio.
“Many major smartphone manufacturers such as Apple, Xiaomi, and HTC are focusing on developing metal body phones, which will have a positive effect in the NC machining market.”
Key Market Drivers
- Advantages associated with the usage of NC machines
- Need to improve accuracy of product
- Faster time-to-market requirement
Key Market Trends
- Increased support for multi-tasking
- Growth of smartphone and advancements in notebook computer industry
- Advancements in post processing
Key Market Vendors
- Siemens PLM
- Dassault Systèmes
- Hexagon
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 Electrical and Electronics Sector 2015-2019, please send an e-mail to media@TechNavio.com.
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