The CNC controller market is witnessing rapid traction across the globe. There has been a significant demand for automation across the industries worldwide due to the introduction of Industry 4.0. Besides, emerging technologies like Internet of Things (IoT), cloud computing, and manufacturing technology in various industries, including automotive, construction, manufacturing, and others, drive the market growth.
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According to Market Research Future (MRFR), the global CNC Controller Market Share is poised to reach exponential heights by 2027, registering a modest CAGR throughout the assessment period (2020-2027). Additionally, the adoption of automation to streamline assembly lines across industries is anticipated to bolster the market demand in the coming years.
CNC Controller Market – Segments
The market is segmented into segments into products, components, axis types, applications, end-uses, and regions. The product segment is sub-segmented into microcontroller-based, DSP-based, motion control chip-based, and others. The component segment is sub-segmented into power supply units, software, cabling, circuitry protection systems, motor drivers, and others.
The axis type segment is sub-segmented into 2 axis, three-axis, four-axis, five-axis, and multi-axis. The application segment is sub-segmented into closed-loop control CNC machine tools, open-loop control CNC machine tools, and semi-closed loop control CNC machine tools.
The end-user segment is sub-segmented into healthcare, automobile, aerospace, defense, electronics, metal & mining, and others. The region segment is sub-segmented into Asia Pacific, North America, Europe, and the Rest-of-the-World.
CNC Controller Market – Regional Analysis
The APAC region dominates the global CNC controller market. Factors such as substantial investments in technological developments and high demand from the automotive & defense sectors drive the market growth. Besides, the significant presence of the electronics industry in India and China, alongside the adoption of industrial automation in Japan, substantiates the market size.
The growing manufacturing industry and increasing trend of industrial automation in this region foster the market shares. Also, the rising demand from the automotive industry in the region positively impacts the market value. Moreover, the demand for precision cutting and grinding in the rapidly growing manufacturing sector boosts the CNC controller market size in the region.
Major Players:
Players leading the global CNC controller market include Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Bosch Rexroth AG (Germany), Hurco Companies Inc (US), DMG Mori Co Ltd (Japan), Fagor Automation Corporation (US), Wuhan Huazhong Numerical Control Co., Ltd. (China), Haas Automation, Inc. (US), Yamazaki Mazak Corporation (Japan), Okuma Corporation (Japan), and FANUC Corporation (Japan), among others.
Innovation/ Industry/Related News:
Oct. 10, 2021 --- Mazak launched new Syncrex Swiss-style machines at its Discover 2021 event. The Syncrex models accommodate around 35 tools and feature seven, eight, and nine-axis configurations, optimizing the production of small parts.
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