According to a recent report, the global CNC (Computer Numerical Control) market is anticipated to reach USD 117.17 billion mark by 2027. The major factors that have led to the growth of automation and demand for
CNC machines include the surging need for reducing the operating costs, manpower and errors in the components. Other factors include the technological advancements for developing the most intricate models/components with a definitive finish, subsequently resulting in increasing implementation of
CNC technology in lathe, milling, laser, griding and welding machines.
Numerous milling tools such as Poly Crystalline Diamond (PCD) tools and solid carbide tools are being introduced in the CNC machine market as these tools not only offer increased efficiency but also provide versatility while performing operations at the shop floors. Not just that, these tools offer durability, resistance towards high temperatures, and enable better machining with vibrations and noise reductions.
The surge in commercial demand for advanced compact size CNC machines with automatic tool changers and multi axis machining technology is due to the multiple benefits of these machines. Numerous manufacturing plants are adopting CNC lathes to perform various operations such as cutting, drilling, deformation, and turning operations.
Furthermore, the availability of sensors, easy internet access, and cloud computing is predicted to drive the market growth during the forecast period. Factors driving the CNC machine tools market include the increasing investments in IoT in the manufacturing sector. According to recent reports, the manufacturing sector will be investing approximately USD 267 billion in IoT during the forecast period. Also, most manufacturers are focusing on the adoption of smart devices.
Industrial automation
A shift to manufacturing industry trends in industrial automation helps organizations make huge profits, which in turn helps in building healthier economies. Manufacturing industry trends are in the spotlight as the greatest revolution of this industry is happening in the recent times. Introduction of advanced technologies in this industry makes automation companies replace more workers. Also, manufacturing facilities have been incorporating greater levels of automation, which has led to rapid increase in demand for new technologies.
One such innovative technology playing a key role in the manufacturing industry is 3D printing. 3D printing helps in seamless creation of tangible products using a single machine. “The auto industry is doing rapid prototyping using some of its 3D and AR/VR solutions,” said Anumukonda Ramesh, Country Manager at UnityTechnologies. Similarly, there are several other technologies like Virtual Reality that are going to see accelerated adoption.
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