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Computer Numerical Control Market New Insights, Key Trends, Top Players, Growth Analysis And Outlook By 2032
Computer Numerical Control Market Analysis
The Business Research Company's Computer Numerical Control Global Market Report 2023 identifies increasing demand for electric vehicles as the major driver for the computer numerical control market's growth in the forecast period. An electric vehicle (EV) is a vehicle that runs on an electric motor using electricity rather than an internal-combustion engine and generates power by burning a mixture of gasoline and gases. Computer numerical control technology is required for the automated and bulk manufacture of electric vehicles minimizing costs for producers.
The global computer numerical control market size is expected to grow from $15.44 billion in 2022 to $16.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global computer numerical control market is expected to grow to $20.60 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the computer numerical control market are Soft Servo Systems Inc., Heidenhain GmbH, Bosch Rexroth AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation.
A key trend in the computer numerical control market includes technological advancement. Major companies operating in the computer numerical control market are focused on innovating new technologies to sustain their position in the market. For instance, in April 2020, HEIDENHAIN, a Germany-based privately owned enterprise offering numerical controls, announced the launch of TNC 640 control, a new generation control technology. This control supports machines ranging from 3-axis milling to 5-axis simultaneous machining with up to 24 axes of milling, turning, and grinding. This control features new jig grinding functions, extended workspace compact, and optimized contour milling. It features powerful inverters and controller technology and also enables convenient remote monitoring of efficiency improvements and increases return on investment on its CNC functions.
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The computer numerical control market is segmented -
1) By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Other Types
2) By Product Type: Software, Solutions
3) By End Use Industry: Aerospace And Defense, Automobile, Electronics, Healthcare, Other End Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the computer numerical control market.
The Business Research Company's "Global Computer Numerical Control Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Computer Numerical Control Market Include:
1. Executive Summary
2. Computer Numerical Control Market Characteristics
3. Computer Numerical Control Market Trends And Strategies
4. Computer Numerical Control Market - Macro Economic Scenario
5. Computer Numerical Control Market Size And Growth
……
26. Africa Computer Numerical Control Market
27. Computer Numerical Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Computer Numerical Control Market
29. Computer Numerical Control Market Future Outlook and Potential Analysis
30. Appendix
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