By Infinium Global Research Aug, 2020
Computer numerical controls is a process used in the manufacturing sector in which pre-programmed computer software is used to control the machine tools. Increasing advancement in the production technology has led to the reduction in time required for manufacturing components with better finish quality is anticipated to be the factor driving the growth of the computer numerical control market. Speed, production rate, and accuracy are some of the main advantages of CNC machining over conventional machining that reduces human errors. Additionally, an increase in demand for mass production plants in various sectors including defense and intelligence, electronics, and automobiles are fuelling the growth in the computer numerical control market. Moreover, increasing efforts to cut down the expenses experienced in employing operators for individual machinery are anticipated to boost the growth of the computer numerical control market. However, the high cost of maintenance and after sales services of computer numerical control machines are anticipated to hamper the growth of the market over the forecast period.