The worldwide numerical control software and related services market grew by 10 percent in 2011, according to the “2012 NC Market Analysis Report” by Ann Arbor, Mich.-based consultancy CIMdata.
According to the industry-respected report, now in its 21st consecutive year of publication, end-user payments for machining software grew from $1.33 billion in 2010 to $1.47 billion last year. CIMdata attributed the market growth to strong overall spend in the overarching product life-cycle management technology market. The research analyst firm also pointed to a strong rebound year in 2011 for machine tool sales — global shipments of such equipment jumped by 35 percent year-on-year — as businesses emerged out of the long economic downturn.
CIMdata projects the software market to accelerate to 12.2 percent for 2012, climbing to end-user payments worth $1.65 billion.
“The continued strength and growing importance of global manufacturing powers like China and other emerging economies should result in increased investment in advanced technologies like CAD, CAM and other segments of the overall PLM market,” said Alan Christman, CIMdata’s chairman and longtime author of the annual report. “We have seen moves documented in the press to bring manufacturing back to the U.S., which will require still more investment in advanced manufacturing technologies to be competitive with economies with lower labor costs.”
Details about the report can be found at CIMdata’s website.