The global fibre laser market size is poised to grow by US$ 8.33 billion during 2020-2024, progressing at a CAGR of over 11% throughout the forecast period, according to the latest report by analyst, Technavio. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The UK Government and industry has confirmed new aerospace research and development projects, supported by £400 million public and private sector funding projects. These include developing high-performance engines, new wing designs and ultra-lightweight materials to reduce fuel consumption.
Technavio has been monitoring the global metal cutting tools market which, it says, is poised to grow by US$ 10.24 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Its latest report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
On the eve of the six-month anniversary of the UK entering a nationwide lockdown, optimism among UK manufacturers and engineers for a speedy return to ‘normal’ was dissipating, according to research carried out by Subcon, the UK’s subcontract manufacturing supply chain show.
COVID-hit businesses are calling for a pragmatic approach to secure UK-EU agreement on Brexit.
Image caption: Hartmut Rauen, Deputy Executive Director, VDMA.
The publication of a new ‘OPC UA for Machinery’ specification moves the manufacturing industry closer to the goal of a global ‘production language’ for machine tools.