Global NC Market in the Automotive Industry 2015-2019 with 3D Systems, Autodesk, Dassault Systemes, Hexagon & Siemens PLM Dominating

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Jan 18, 2016, 07:10 ET

DUBLIN, Jan. 18, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/gm86ql/global_nc_market) has announced the addition of the "Global NC Market in the Automotive Industry 2015-2019" report to their offering.

The global NC market in the automotive industry to grow at a CAGR of 7.02% over the period 2014-2019.

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.

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.

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.

Key vendors

3D Systems
Autodesk
Dassault Systmes
Hexagon
Siemens PLM

Other prominent vendors

Missler Software
NTT Data Engineering

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Geographical segmentation

Part 07: APAC

Part 08: Americas

Part 09: EMEA

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

Part 16: Key vendor analysis

Part 17: Appendix

For more information visit http://www.researchandmarkets.com/research/gm86ql/global_nc_market