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The market status and development trend of the global precision machining industry

The global precision machining market remains stable

In recent years, global machinery manufacturing technology has been rapidly developed, and production efficiency and technical precision have been continuously improved.

Among them, the improvement of production efficiency mainly comes from the application and improvement of automation, and the improvement of technical accuracy comes from the transition from precision machining to ultra-precision machining.

The development of precision machinery has made modern products more and more accurate. Very large scale integrated circuits are the product of this background. It requires hundreds of thousands of components or more to be integrated on a square millimeter plane with a line width of only 1μm. , The position error and the shape error are less than 0.05μm, so higher machine tool accuracy is required, and the processing technology also needs to be improved to meet the processing needs.

At present, precision machining is mainly used for the production of complex parts and the complete assembly of finished products. Specific areas include aviation, medical, automotive, consumer electronics and others. Thanks to the support of demand in these downstream areas, the global precision machining market remains stable.

According to statistics from Roland Berger, from 2011 to 2018, the compound annual growth rate of the global precision machining market was 0.2%; by 2018, the global precision machining market reached US$216 billion, a year-on-year increase of 1.9%.

In terms of market segmentation, the precision machining market can be divided into outsourcing market and non-outsourcing market according to whether it is produced independently. Among them, outsourcing has become more and more common in the precision machining market. In 2018, the global precision machining outsourcing market reached US$148 billion, accounting for 69% of the total global scale.

Global precision machining industry development trend analysis: development towards higher precision

  • First of all, the eternal theme of precision machining technology is high efficiency and high precision. Precision indicators are continuously advancing in the sub-nanometer, nanometer, and deep submicron directions, and the machining accuracy is still continuously improving. At this stage, many precision machining technical indicators are already in nanometers, and they are still developing in the direction of breaking through the boundaries of nanometers.
  • Secondly, in the current precision machining technology, the process control method and control strategy are one of the research hotspots. The processing efficiency and processing stability are directly related to the degree of intelligence of precision processing equipment. In addition, the continuous introduction of intelligent equipment to reduce the dependence of processing results on manual experience has long been a major goal pursued in the manufacturing field. At the same time, the micro-devices required in the fields of optoelectronic information and micro-electronic machinery, as well as the need to build large-scale optoelectronic devices and ultra-precision processing equipment in the fields of aerospace and aviation, all have high requirements for their intelligence and automation.
  • Finally, outsourcing will become more and more common, especially in the high-end market. OEMs and Tier 1 suppliers are constantly outsourcing precision machining to precision machining suppliers in order to optimize management, save costs, and avoid investment in large amounts of equipment and high-tech barriers. Under this trend, independent precision machining suppliers are expected to gain more market share.

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