Precision Tools is gaining momentum in several industries, increasing demand for measuring and inspection systems that are more accurate, precise and robust. As the demand for complex goods and services increases, the need for quick, mass-produced, good-quality goods supplied at a low cost is becoming increasingly important. The demand for technology that can fulfil the above-mentioned criteria is increasing rapidly day by day. With new technological advancements being brought into the world with every passing day through modernisation and industrialisation, the precision tool industry has evolved greatly from where we were few years ago. Products no longer take long to be manufactured, and a workforce is no longer needed to supervise complicated machinery.
1. Automation of traditional processes:
Automation refers to a category of innovations that reduce the need for humans to participate in processes. Predetermining judgment parameters, subprocess associations, and associated behaviours and encoding such predeterminations in computers- reduces human involvement. Automating one's manufacturing processes may result in higher-quality, more precise goods in a shorter amount of time. According to a survey by industry researcher Research and Markets, global process automation spending is projected to hit 120 billion dollars by 2022. The growth of Computer Numerical Control (CNC) is developed and developing countries has boosted this chapter.
2. AM or Additive Manufacturing:
Additive Manufacturing (AM) is a good term for inventions that create 3D structures by layering material on top of a material layer, whether its plastic, metal or concrete. 3D printing, rapid prototyping(RP), direct digital manufacturing(DDM), layered manufacturing and additive fabrication are all subsets of additive manufacturing in the form of technologies it can work on. 3D printing has modified the industry's dynamics and is commonly used in the aerospace, defence and medical industries. For design validation, additive manufacturing provides light-weight, cost-effective and fast solutions.
3. Electrical Vehicles:
EVs or Electric vehicles are becoming more common and every country is experimenting with new ways to get them on the road commercially. Many people believe that with electric cars introduction, the machine tool industry would be left in the dust. However, analysts assume that, with the current situation, there will be a longer adjustment time at a slower pace of change. The degree of complexity is predicted to need large chip volumes due to the combination of combustion engines and electric motors. Aside from that, there will be other places where computer tools will need to be specialised. There is an increasing need for industry to incorporate new technologies and develop smart solutions for the changing global business scenario.
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Team HNK
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