Market Analysis
The global CNC controller market is predicted to touch USD 3.8 billion at a 6% CAGR between 2017- 2023 forecast period, as per the recent Market Research Future (MRFR) analysis. CNC or the computer numerical control helps in controlling the actions of the machines as well as their processes. Motion control chip-based, DSP-based, microcontroller-based, and others are the different types of CNC controller products that are widely used in mining, metal, electronics, defense, aerospace, automobile, and healthcare sectors.
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Market Segmentation
The MRFR provides an inclusive segmental analysis of the global CNC Machine Controller Market Analysis based on end user, application, axis-type, component, and product.
By product, the CNC controller market is segmented into motion control chip-based, DSP-based, microcontroller-based, and others. Of these, the microcontroller-based segment will lead the market over the forecast period and at the highest CAGR.
By component, the CNC controller market is segmented into motor driver, circuitry protection system, cabling, software, power supply unit, and others. Of these, the motor driver segment will dominate the market over the forecast period. Meanwhile the software segment will grow at the highest CAGR during the forecast period.
By axis-type, the CNC controller market is segmented into multi-axis, five-axis, four-axis, three-axis, and two-axis. Of these, the three-axis segment will have a major share in the market over the forecast period. Meanwhile, the five-axis segment will grow at the highest CAGR over the forecast period.
Regional Analysis
Based on the region, the global CNC controller market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. Increasing use of industrial automation in Japan, presence of top electronics industry in China, burgeoning demand from defense and automotive sectors, and rising investments in technological developments are adding to the global CNC controller market growth in the region.
Key Players
Key players profiled in the global CNC controller market report include Okuma Corporation (Japan), FANUC Corporation (Japan), Yamazaki Mazak Corporation (Japan), Wuhan Huazhong Numerical Control Co., Ltd. (China), Haas Automation, Inc. (US), Fagor Automation Corporation (US), Hurco Companies Inc (US), DMG Mori Co Ltd (Japan), Bosch Rexroth AG (Germany), Mitsubishi Electric Corporation (Japan), and Siemens AG (Germany).
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