NOVEMBER - 20216 MANUFACTURING TECHNOLOGY INSIGHTSAccording to a recent study, the rising popularity of innovative products is the key driving factor in escalating the computer numerical control (CNC) machine tools market. Some other factors that contribute to the immense growth of CNC are raw material affluence and changing consumption technologies. The study also revealed that the advancement in technology and modernization will further encourage new opportunities for the market by 2027.The pandemic has had a massive role in accelerating the pace of innovation in the CNC machining space. For instance, five-axis machines continue to help small businesses leverage the enhanced CNC machine efficiency by becoming more compact and cost-effective. Moreover, the arrival of six-axis machines a couple of years earlier is also turning out to be practical and popular for providing additional freedom over the simpler three-axis versions.Along with that, the rising power of computers and cloud computing resources are damping the need for high-powered computers to run CAD/CAM software. These innovations, when coupled with better strategies, enhance the efficiency of the CNC machines further. For the manufacturers, the emergence of the Industrial Internet of Things (IIoTs) is also easing the networking of CNC machines with manufacturing equipment. In a nutshell, many trends are emerging in the CNC machine space, and their inherent potential is enough to change the industry landscape in the next few years.Currently, the market is undergoing a dramatic evolution with the expansion of the CNC machine industry. Technological advancement is providing a space with unprecedented advantages, leading to a seismic shift in the economy. As a result, to stay ahead of the curve, companies must create better strategies. For this, they must understand the patterns of the movement of the market. In this edition, we aim to provide readers insights from industry leaders to help them have a detailed understanding of the advancement of the CNC machine arena and the key developments happening in this field.Let us know your thoughts!The Evolution Curve of the CNC Machine IndustryEditorialCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com November - 22 - 2021, Vol 07 - Issue 23 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerChris LynnAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
< Page 5 | Page 7 >