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Engineering technology set to fast-forward R&D in NZ

Wednesday 5 June 2019, 11:31AM
By Media Giant
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CAD technology in the engineering industry is set for incredible growth, as new reports indicate increased use of CAD software around the world, and VR/AR technology sees greater adoption in training engineers in complex assembly.

 

HTF MI Analyst reported incredible growth in its report, “Southeast Asia Engineering CAD Software Market Report (2014-2024)”, further strengthened by MarketResearchNest, which released “Global Engineering Software Market Size, Status and Forecast 2019-2025” - estimating the industry will continue to growth with a CAGR of 13.3 per cent between from 2019 through 2025.

 

Defense giant BAE Systems has managed to significantly reduce assembly time of battery components, and has improved the training efficiency of workers by 30 to 40 per cent, while there are reports Lockheed Martin have also used VR/AR to train satellite engineers, enabling a reduction in cable fastener assembly time by 93 per cent, translating to a saving of NZ$10 million per year for the company.

 

VR - although often tied to the video game industry - continues to see success with high-end manufacturing companies in the defense and automotive industries, gradually blurring the lines between CAD and VR/AR in design.

 

This is welcome news for major engineering firms utilising CAD technology in their R&D and prototyping in New Zealand, including one of the APAC region’s most competitive manufacturers, Metco Engineering, a Wellington engineering manufacturer unique in its full end-to-end solutions from initial consultation and concept design.

 

Metco Engineering manage all work in-house, from raw materials, prototype design and sheet metal manufacturing, through to finished products, with experience in major industries - including architecture, construction, transportation, defence, and emergency services.

 

Metco Engineering is based in Lower Hutt, Wellington, with Auckland offices in Eden Terrace. To learn more about their end-to-end engineering design services, visit their website at https://metco.co.nz/ or contact your nearest Metco site today.