Global NC Market in the Automotive Industry 2015-2019
NC machine is an effective and efficient motion control systems that enable high speed machining process. It is equipped with high data processing capability and high speed microprocessors that deliver high speed, high precision machining capabilities. The NC solutions are adopted by companies across industries such as machine builders, automotive, aerospace, shipbuilding, medical products, electrical and electronics for applications like turning, milling, stamping, forming, grinding, polishing, wood working, and punching operations. NC software creates a program code that is used to run NC machines controlled by a computer. The usage of NC ensures more accuracy and flexibility.
Technavio's analysts forecast the global NC market in the automotive industry to grow at a CAGR of 7.02% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global NC market in the automotive industry for the period of 2015-2019. To calculate the market size and the vendor share, the report considers both the direct revenue and the indirect revenue of the vendors.
It presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, the report discusses the major growth drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that will contribute to the growth of the market.
Technavio's report, Global NC Market in the Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Americas APAC EMEA Key vendors
3D Systems Autodesk Dassault Systmes Hexagon Siemens PLM Other prominent vendors
Missler Software NTT Data Engineering Market driver
Advantages associated with the usage of NC machines For a full, detailed list, view our report Market challenge
Disadvantages of NC machines For a full, detailed list, view our report Market trend
Increased support for multitasking For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the key vendors What are the strengths and weaknesses of the key vendors
Technavio Announces the Publication of its Research Report – Global NC Market in the Automotive Sector 2015-2019
Technavio recognizes the following companies as the key players in the Global NC Market in the Automotive Sector: 3D Systems, Autodesk, Dassault Systèmes, Hexagon and Siemens PLM
Other Prominent Vendors in the market are: Missler Software and NTT Data Engineering
Commenting on the report, an analyst from Technavio’s team said: “A major trend in the NC market is the support for multitasking. Multitasking NC machines are extremely complicated. For instance, multitasking machining without NC may include three to four NC lathes and machining centers with many errors because of many operations and set ups. Also, it involves much time, which defeats the purpose of multitasking. NC helps to integrate multitasking processes that involve turning, milling, tapping, drilling, and boring. The following is an example that shows how NC is used for multitasking.”
According to the report, NC software is being widely adopted by engineers across various companies to improve the efficiency and accuracy of products. Each product (even if hundreds or thousands of products are manufactured) will be having the same set of dimensions and specifications once it is done using NC. The software helps to generate accurate product manufacturing and product design. Hence, the software enables organizations to develop better quality products with optimum accuracy. Therefore, many manufacturing companies depend on NC software to improve the quality of their products.
Further, the report states that the NC market is facing challenges because of lack of support and services from the market vendors. The customers expect continuous support and maintenance for effective factory and machine maintenance for improved productivity.
3D Systems, Autodesk, Dassault Systèmes, Hexagon, Siemens PLM, Missler Software and NTT Data Engineering