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.