6 September, 2021A significant demand for large-scale automation has been witnessed in various industries. In addition, the requirement for high precision, reduced operating costs, and technological advancements in production processes have further influenced the popularity of CNC machining tools. The global CNC machining market size is projected to grow from USD 83.99 billion in 2021 to USD 128.41 billion in 2028 at a CAGR of 6.3 percent during the forecast period. The sudden rise in CAGR is attributed to the market's demand and growth, returning to pre-pandemic levels. Manufacturers are increasingly adopting the internet of things in their production processes owing to the surge in demand for real-time information access. This in turn will help improve productivity, safety, production innovation, and reduce downtime costs. Artificial intelligence is another major trend emerging in the CNC machining tool domain particularly in image processing to replace manual inspection. Demands for high accuracy, precision, reduced operational time, and repetitive tasks without discrepancies in the automotive industry are resulting in the increased penetration of CNC machining systems in the sector. In this edition of Manufacturing Outlook, we bring you the story of some of the most successful CNC machining service companies that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you the assistance in choosing the right CNC machining service company according to your requirements.Let us know your thoughts!Martin Thomas Managing Editoreditor@themanufacturingoutlook.comGrowing Demand for Large-Scale AutomationCopyright © 2021 SiliconMedia, 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.Editorial StaffAlex D'souzaRussell ThomasCatalina JosephManaging EditorMartin Thomas*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizerJames PhillipsDavid ParkerContact Us:Email:sales@themanufacturingoutlook.comeditor@themanufacturingoutlook.commarketing@themanufacturingoutlook.com September - 27, 2021 Vol 03 Issue 04 (ISSN 2689-8047) Published by ValleyMedia Inc.To subscribe to Manufacturing OutlookVisit www.themanufacturingoutlook.com
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