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The global CNC Controller Market was valued at USD 2.45 billion in 2016 and is projected to reach USD 3.41 billion by 2025, growing at a CAGR of 3.74% from 2017 to 2025.
CNC is the automation of machine tools by means of computers executing pre-programmed sequences of machine control commands. This is in contrast to machines that are manually controlled by hand wheels or levers, or mechanically automated by cams alone.
1. Market Drivers
1.1 Increasing Adoption of Industrial Automation in Manufacturing Sector
1.2 Ability to Reduce Operating Cost and Enhance Production Efficiency
1.3 Growing consumer preference for Mass Production
2. Market Restraints
2.1 High Investment Cost
1. Global CNC Controller Market, by Machine Type:
1.1 CNC Machining Center
1.2 CNC Turning Center
2. Global CNC Controller Market, by Hardware:
2.1 CNC Machines
2.1.1 Working of CNC Machines
2.1.2 Advantages of CNC Machines
188.8.131.52 High Accuracy
184.108.40.206 Cost Saving
220.127.116.11 Increased Speed
18.104.22.168 Increased Safety
2.2 CNC Products
2.2.1 Input Devices
2.2.2 Machine Control Unit Or Controller
2.2.3 Driving System
2.2.4 Feedback Devices
3. Global CNC Controller Market, by Industry:
3.1 Aerospace and Defense
3.3 Medical Devices
3.4 Semiconductor and Electronics
3.5 Metal Manufacturing
4. Global CNC Controller Market, by Axis Type:
4.1 2-Axis CNC Machine
4.2 3-Axis CNC Machine
4.3 4-Axis CNC Machine
4.4 5-Axis CNC Machine
4.5 Multiaxis CNC Machine
5. Global CNC Controller Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Fanuc Corporation
2. Siemens AG
3. Mitsubishi Electric Corporation
4. DMG Mori Co., Ltd.
5. Hurco Companies, Inc.
6. Okuma Corporation
7. Wuhan Huazhong Numerical Control Co. Ltd.
8. Bosch Rexroth AG
9. Fagor Automation
10. Haas Automation, Inc.
11. Yamazaki Mazak Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the CNC Controller Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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