Precision engineering
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Precision engineering focuses on producing bespoke components and machinery to strict specifications measured in microns. It is linked to manufacturing industries like automotive, aerospace, and defense. The European Society for Precision Engineering and Nanotechnology promotes new technologies in the field. The precision parts market is expected to grow over 10% annually due to sectors like healthcare that demand minimally invasive medical devices and components. 3D printing offers advantages for precision engineering by reducing errors and costs in producing miniature parts.
Precision engineering
- 2. Precision Engineering focuses on the production and/or maintenance/refurbishment of bespoke components, plant and machinery, to strict specifications with very low tolerances measured in microns (1micron = 0.001mm).
- 3. Precision Engineering is strongly linked to the manufacturing industry and in particular to various sectors including automotive, aerospace, defense, as well as a host of energy, transportation and construction fields.
- 5. THE EUROPEAN SOCIETY FOR PRECISION ENGINEERING AND NANOTECHNOLOGY, which was formed in 1999 with funding from the EU and, “provides an entrepreneurial platform that enables companies and research institutes to promote their latest technology developments, products and services and keep up to date with those in the field”
- 6. The precision parts market by revenue is expected to grow at a CAGR of over 10% during the period 2019–2025. • One of the key sectors driving innovation in the healthcare and medical devices industry is micro-manufacturing. • The demand for minimally invasive curative and diagnostic procedures is growing exponentially as medical service delivery organizations and patients are striving to reduce operational and recovery times and increase the accuracy of diagnosis. • As technology providers are increasingly forging partnerships with medical device OEMs, there arises a need for highly optimized solutions. However, the demand for key components and spare parts is set to grow high, facilitating the easy availability of precision parts.
- 8. Precision Engineering spans, “…semiconductor chips, to the most advanced medical devices and the most sophisticated drill bits used in oil exploration, Precision Engineered products play a vital role in the development of the overall economy”. This means that Precision Engineering entities have a symbiotic relationship with many manufacturing sectors whose success or otherwise directly impacts their Precision Engineering suppliers and currently, that impact is generally largely beneficial.
- 9. Precision Engineered products have an important role to play in the maximization of fuel efficiency and reduction of vehicle CO2 emissions, both issues which are currently very visible on the global stage.
- 11. The very latest in precision inspection allows for documented high quality, precision engineered component parts and equipment to be manufactured efficiently and effectively at the lowest possible cost for large scale engineering projects.
- 12. The ever growing need for miniature and precise parts is restricted by current technological limitations. Digital mass manufacturing of precision parts is possible by 3D Printing
- 13. 3D printing can be one of the biggest advantages to the industry because it takes away any human error, but also save on time and costs involved. 3D printing can and will accelerate and improve many industries in the coming years as it continues to break down barriers to ground-breaking innovation. To be able to take precision engineering and then incorporate that into 3D printing will revolutionize many industries and provide a low cost way of replicating objects over and over again.
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