THANK YOU FOR SUBSCRIBING
Manufacturing Technology Insights | Saturday, May 27, 2023
The use of precision manufacturing has transformed business as well as industrial landscapes across the globe. As the requirements for custom parts with high tolerance increase, precision manufacturing has gained immense importance in attaining high-quality and cost-effective production.
FREMONT, CA: Precision manufacturing involves eliminating material from a block or a sheet of material to produce definite shapes, by employing computer numerical control (CNC) machines which carve parts in a specific way. In contrast to conventional manufacturing methodologies, which use hammers and blades, precision manufacturing processes use advanced software, automated machinery, and specialised tools to produce intricate and complicated parts with advanced precision and accuracy.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The use of precision manufacturing has transformed businesses as well as industrial landscapes across the globe. Presently, it represents over 70 per cent of the global machining market and is forecasted to grow at the rate of 12 per cent by the year 2024. As the requirements for custom parts with high tolerance increase, precision machining has gained immense importance in attaining high-quality and cost-effective production.
Rising Trends in Precision Manufacturing
Artificial intelligence and machine learning, automation, robotics, digital twin technology, and additive manufacturing are some of the most important technological trends in precision manufacturing today. However, the manufacturing industry also acknowledges and prioritises non-technological factors in addition to the aforementioned trends.
Sustainability and Circular Economy: Circular economy and sustainable manufacturing practices are some of the rising trends in the field of precision manufacturing. Today, manufacturers are looking to reduce their impact on the environment and function when increased efficiency by employing sustainable manufacturing processes. The circular economy focuses on the recycling and reusing of materials to reduce waste. Precision manufacturing plays a critical role in sustainability efforts, enabling higher efficiency and precision in the use of resources and materials.
Industry 4.0: This is amongst the most important trends in precision manufacturing. A significant factor of this trend is the deployment of advanced technologies, for instance, the AR Platform for Frontline Workers. It requires the integration of augmented reality (AR) tools and techniques to supply real-time assistance and support to frontline workers, which allows them to undertake tasks with greater precision and accuracy. The use of this technology can help in the reduction of errors and improve productivity by delivering workers with instructions, visual aids, and information on the go. However, the deployment of such technologies necessitates new skills and expertise, and organisations using precision manufacturing are required to invest in training and updating the skills of their workforce to use these technologies with more efficiency.
Customisation and Personalisation: The requirements for personalised products are only rising. Precision manufacturing can be used for this exact purpose, by employing advanced technologies such as AR and 3D printing to generate custom parts and products. The benefits of personalisation and customisation are improved customer satisfaction and loyalty.
More in News