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NC machine is an effective and efficient motion control systems that enable high speed machining process. It is equipped with high data processing capability and high speed microprocessors that deliver high speed, high precision machining capabilities. 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.
Technavio's analysts forecast 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.
Technavio's report, Global NC Market in the Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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