CNC Controller Market 2018 Analysis by Leading Players: Mitsubishi Electric, DMG Mori Co Ltd, Hurco Companies, Haas Automation, Fagor Automation, Wuhan Huazhong Numerical Control

Market Overview

The global computer numerical control (CNC) controller market is projected to reach the value of USD 3.87 billion by 2023, according to Market Research Future (MRFR) extensive analysis. The report also reveals that the global market is bound to grow at 6.45% CAGR during the forecast period (2017-2023). A gamut of factors drives the market growth, which includes increasing adoption of industrial automation in the manufacturing sector, its ability to decrease operating cost, and growing demand for mass production across end-user industries. CNC controllers cover a broad range of operations, from small individual parts to large, heavy-duty gang milling operations. It is also one of the most commonly used processes in the manufacturing industry. Furthermore, the aerospace and defense industry requires equipment and machines that are of high quality and can deliver high performance with zero failure rate. Thereby, increasing the adoption of controllers that can control advanced machines.

Even though the market is growing substantially, few restraining factors may potentially deter this flow. For instance, high investment cost for the implementation of CNC machines curbs the ongoing market development. However, despite the restraints, the market has manifested into a frontrunner on all accounts. This can be attributed to some prominent trends creating waves such as efficient and effective motion control system solutions, developing infrastructure, technological innovations and increase in foreign investments.

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Key Players:

Some of the prominent key players in the CNC controller market; Siemens AG (Germany), Mitsubishi Electric corporation (Japan), Bosch Rexroth AG (Germany), DMG Mori Co Ltd, Hurco Companies, Inc (U.S.), Fagor Automation Corporation (U.S.), Haas Automation, Inc (U.S.), Wuhan Huazhong Numerical Control Co Ltd (China), Yamazaki Mazak Corporation (Japan), FANUC Corporation (Japan), Okuma Corporation (Japan) and many others.

The global Computer numerical control (CNC) market is expected to grow at USD$ ~3.87 Billion by 2023, at 6.45 % of CAGR between 2017 and 2023.

Key Findings

By product: Microcontroller based is dominating the market of CNC controller by product and has reached USD 894.13 Million in the year 2017 and is also expected to grow at a fastest CAGR of 7.6 %.
By Component: Motor Driver is dominating the market of CNC controller by component and has reached USD 623.39 Million in the year 2017. However, Software is the fastest growing at an 8.0 % CAGR.
By Axis Type: 3 – Axis is dominating the market of CNC controller by axis – type and has reached USD 697 Million in the year 2017. However, 5 – Axis is the fastest growing at an 8.0 % CAGR during the forecasted period.
By End User: Automobile is dominating the market of CNC controller by end user and has reached USD 632 Million in the year 2017 and is also expected to show the fastest growth at an 8.1 % CAGR.

Regional Analysis:

The global CNC controller market by region, is led by Asia Pacific in 2016, and has occupied largest market share. Europe has successfully counted on second position in CNC controller market globally in 2016. Europe, among all regions is considered to be the fastest growing region. North America shows positive growth in the CNC controller market. However, Rest of the world is growing with slow growth rate.

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Intended Audience

Industrial automation equipment providers
Market research and consulting firms
Original equipment manufacturers
Associations and industrial bodies
Component suppliers and distributors
CNC machines and controllers across industries
Government bodies
Semiconductor product designers and fabricators
Product manufacturers/ developers
Consultancy firms/advisory firms
Technology investors
Research institutes
System Integrators
Research/Consultancy firm

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