Global CNC controller market is expected to rise from its initial estimated value of USD 2.96 billion in 2018 to a projected value of USD 4.41 billion by 2026, registering a CAGR of 5.12% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in demand and adoption of industrial automation.
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Market Definition: Global CNC Controller Market
CNC (Computer Numerical Control) machines are the devices which employ and convert the design created through CAD (Computer Aided Design) software into numerical data which is used to efficiently create and produce various products and designs with the help of these machines.
CNC controller whereas is the brains behind this machine which is used to enable the production from the data generated in the forms of number by the machine thereby initialization the production stage. This controller enables the correct method of production in a highly effective and efficient way.
- Need for the reduction of operating costs which subsequently leads to efficiency in production; this factor is expected to drive the market growth
- Increase in demand for the enhancement of production rate and efficiency in production; this factor is expected to drive the market growth
- Requirement of large capital for the installation and implementation of CNC machines; this factor is expected to restrain the market growth
Key Developments in the Market:
- In August 2018, SIEB & MEYER announced the launch of a new control system, “CNC 95.00” for end-users. The system is a revolutionary and highly standardised. The system inclusive of hardware and software services and are integrated and combined with each other resulting in easy setup and integration in production cycle. This launch reinvigorates the leadership of organisation in CNC control systems.
- In March 2017, Delta Electronics, Inc. exhibited six new CNC solutions at the “15thChina International Machine Tool Show (CIMT)” held in Beijing, China from April 17-22, 2017. These launches of CNC solutions is evidence to the changes and transformations the market is going through with increasing demand for effective and efficient methods for increasing the production rate.
Major Market Competitors/Players
Bosch Rexroth AG; Haas Automation, Inc; Okuma Corporation; HYUNDAI WIA CORP.; FANUC CORPORATION; INDEX-Werke GmbH & Co. KG Hahn & Tessky; Delta Electronics, Inc.; Samsung Machine Tools U.S.A; Mitsubishi Electric Corporation; Hurco Companies, Inc.,; GSK CNC EQUIPMENT CO.,LTD.; www.huazhongcnc.com; Yug Machine Tools; Fagor Automation; Batliboi; GF Machining Solutions Management SA.; Xometry; DMG MORI CO., LTD.; Hardinge Inc.; HEIDENHAIN; Jyoti CNC Automation Ltd.; Gebr. HELLER Maschinenfabrik GmbH; Siemens and Yamazaki Mazak Corporation are few of the major competitors currently working in the CNC controller market.
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Global CNC controller market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of CNC controller market for global, Europe, North America, Asia-Pacific and South America.
Segmentation: Global CNC Controller Market
- By Product
- Motion Control Chip-Based
- By Component
- Power Supply Unit
- Circuitry Protection System
- Motor Drive
- By Type of CNC Machine
- New CNC Machine
- Standard CNC Machines
- Custom-Built CNC Machines
- Retrofitted CNC Machine
- Used CNC Machine
- By Software & Services
- Installation & Commissioning
- Retrofitting & Reconditioning
- By Hardware
- CNC Machines
- CNC Products
- Input Devices
- Machine Control Unit or Controller
- Driving System
- Feedback Devices
- By Machine Type
- CNC Machining Center
- CNC Turning Center
- By Axis Type
- 2-Axis CNC Machine
- 3-Axis CNC Machine
- 4-Axis CNC Machine
- 5-Axis CNC Machine
- Multiaxis CNC Machine
- By Application
- Closed-Loop Control CNC Machine Tool
- Open-Loop Control CNC Machine Tool
- Semi-Closed Loop Control Machine Tool
- By Industry
- Aerospace & Defense
- Metal Manufacturing
- Medical Devices
- Semiconductors & Electronics
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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