openPR Logo
Press release

CNC Controller Market worth $3.4 billion by 2026

04-23-2021 07:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to the new market research report "CNC Controller Market with COVID-19 Impact by Offering (Hardware and Software & Services), Machine Type, Axis Type (2-Axis, 3-Axis, 4-Axis, 5-Axis, and Multi-axis), Sales Channel, Industry, and Region - Global Forecast to 2026", the global CNC controller market size was valued at USD 2.8 billion in 2021 and is projected to reach USD 3.4 billion by 2026; it is expected to grow at a CAGR of 3.6% from 2021 to 2026. The key factors fueling the growth of this market include rising adoption of industrial automation in manufacturing industries and increasing demand for mass production across various end user industries.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133889642

Software & services offering accounted for largest size of the CNC controller market in 2020.

The software offering plays a major role in the overall CNC controller system as modern CNC systems operate with upgraded software for better performance and the efficient control of machine operations. Major services such as retrofitting, maintenance, installation, and reconditioning are provided for the CNC controller when it is purchased by the end user. Software & services are significant components that ensure the efficient performance of CNC controllers and account for a major share of the overall market.

Automotive industry is expected to hold the largest size of the CNC controller market in 2021.

To ensure enhanced power consumption and safety, modern automobile manufacturers adopt IoT and V2X communication technologies which enable vehicles to communicate with smart traffic signals. Thus, such advancements in automotive manufacturing technologies and increasing investments by key automotive manufacturers are some of the factors expected to drive the growth of the market in the automotive industry during the forecast period.

APAC is expected to account for the largest share of CNC controller market from 2021 to 2026.

Growth of the market is majorly driven by the growing manufacturing sector in the region. Continuous advancements and technological innovations in various industries; economic development in major economies such as China, Japan, and India; increasing infrastructural developments in Southeast Asian countries such as Singapore, Thailand, and Malaysia, among others; and rising foreign investments in this region is expected to fuel market growth.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=133889642

FANUC(Japan), Siemens(Germany), Mitsubishi Electric(Japan), DMG MORI(Germany), and Haas Automation(US)., Hurco Companies(US), Okuma(Japan), and Yamazaki Mazak(UK), among others, are some of the key players in the market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CNC Controller Market worth $3.4 billion by 2026 here

News-ID: 2274298 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for CNC

Industrial CNC Machinery
Industrial CNC (Computer Numerical Control) machinery plays a crucial role in modern manufacturing, offering precision, efficiency, and flexibility. These machines are programmed to automate the fabrication process, allowing for intricate designs and consistent quality across large production runs. By minimizing human error, CNC machinery enhances accuracy, which is vital in industries such as aerospace, automotive, and electronics. The ability to swiftly change designs and adapt to market demands without extensive
CNC Controller Market Report 2024 - CNC Controller Market Trends, Opportunities …
"The Business Research Company recently released a comprehensive report on the Global CNC Controller Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
CNC Controller Global Market to Generate $3.84 Billion By 2028, Registering at a …
"The new report published by The Business Research Company, titled CNC Controller Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the cnc controller market size has grown strongly in recent years. It will grow from $2.82 billion
Silver CNC Now Offers CNC Rotary Tables for CNC Machining Centers
Silver CNC is now offering a new line of CNC rotary tables that are perfect for use with CNC machining centers. The rotary tables are available in three different sizes, and each one is made from high-quality cast iron to ensure durability and precision. With a built-in indexing system, the rotary tables make it easy to position your workpiece exactly where you need it. Plus, they're backed by a full
Trending 2020: CNC Machine (CNC Machine Tools) Market Booming Worldwide
Prophecy Market Insights recently presented CNC Machine (CNC Machine Tools) market report which provides reliable and sincere insights related to the various segments and sub-segments of the market. The market study throws light on the various factors that are projected to impact the overall dynamics of the CNC Machine (CNC Machine Tools) market over the forecast period (2019-2029). The CNC Machine (CNC Machine Tools) research study contains 100+ market data Tables,
Desktop CNC Machines Market Research Analysis by Carbide3D, Stoney CNC, VELOX CN …
Desktop CNC Machines Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Desktop CNC Machines Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023. The global desktop CNC machines market has witnessed tremendous growth in the last few years, owing to the growing