CNC Controller Market Statistics 2022 Worldwide Industry Trends, Share, Gross Margin & Forecast To 2030
CNC Controller Market
Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the
global CNC
Controller Market is estimated to value USD 3.8 billion, with a
CAGR of 6% during the assessment tenure from 2017 to 2023. The advantage of a
computer control machine is the capability to repeat the process without errors
in manufacturing. It plays an essential role in expanding the global CNC
Controller Market 2020. It is also used to reduce the cost and waste of
manufacturing of small components. With the advent of Industry 4.0, there has
been a significant rise in the usage of automation. The introduction of the
latest technologies like cloud computing, the Internet of Things (IoT), and
manufacturing technology across various segments like construction, automotive,
and manufacturing has considerably increased the demand. The increased demand
for automation has resulted in an increased demand for mass production. The CNC
machines assist the automotive industry by offering speed, efficiency, and
reliability. It helps the manufacturers in mass production with quality. On the
other hand, the expenses related to maintenance and deployment are likely to
obstruct the expansion of market.
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Market Segmentation
The global CNC Controller market can be segregated on the basis of
application, product, component, end-user, axis-type, and region. On the basis
of application, the global CNC controller market can be classified into an
open-loop control CNC machine tool, closed-loop control CNC machine tool, and
semi-closed loop control CNC machine tool. On the basis of product, the global
CNC controller market can be classified into DSP-based, microcontroller-based,
motion control chip-based, and others. On the basis of components, the global
CNC controller market can be classified into software, power supply unit,
cabling, motor driver, circuitry protection system, and others. On the basis of
end-user, the global CNC controller market can be classified into metal,
automobile, healthcare, aerospace, electronics, defense, and mining. On the
basis of axis-type, the global CNC controller market can be classified into
two-axis, three-axis, four-axis, five-axis, and multi-axis. On the basis of
region, the global CNC controller market can be classified into Asia-Pacific,
Europe, North America, and the Rest of the World (RoW).
Regional Analysis
The geographical analysis of Asia-Pacific, Europe, North America, and the
Rest of the World (RoW) has been conducted. As per the analysis by MRFR, the
APAC seized the largest market share in 2017 and is likely to record a high
CAGR during the review period. The region consists of countries like China and
Japan, which are the hub for the electronic industry. Some of the other factors
which are responsible for the market augmentation are the increasing demand
from defense and automotive sectors and the continuous investment for
technological development. On the other hand, as per the analysis, Europe is
estimated to be the swiftest developing market in the CNC controller market.
Europe is estimated to grow at the highest CAGR owing to the expansion of the
manufacturing industry and increasing demand from the automotive industry in
Germany.
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Key Players
The forefront players of the global CNC controller market are
Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Bosch Rexroth AG
(Germany), Hurco Companies Inc (US), DMG Mori Co Ltd (Japan), Fagor Automation
Corporation (US), Haas Automation, Inc. (US), Yamazaki Mazak Corporation
(Japan), Wuhan Huazhong Numerical Control Co., Ltd. (China), Okuma Corporation
(Japan), and FANUC Corporation (Japan). Industry News May 2020 Edelkrone, a USA
based company, introduced a new product to which they are referring as “the
simplest and fastest way to control your edelkrone wirelessly.” It is a remote
control that works with all of their motorized gear.
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