Press release
CNC Controller Global Market to Generate $3.84 Billion By 2028, Registering at a CAGR of 6.3% | Batliboi Ltd., Amada Co.Ltd., CNC Masters Inc., FlashCut CNC, CNC Automation Inc.
CNC Controller Market
As per the report, the cnc controller market size has grown strongly in recent years. It will grow from $2.82 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The cnc controller market size is expected to see strong growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Surging Industrial Automation Drives Growth In Cnc Controller Market
The rising use of industrial automation is expected to propel the growth of the CNC controller market going forward. Industrial automation uses advanced technologies, control systems, and machinery to automate industrial processes and operations. CNC controllers play a vital role in industrial automation, particularly in manufacturing, by controlling and coordinating the movements of machine tools and equipment in a precise and automated manner, such as in machining operations, product prototyping and production, tooling and workpiece management, and automation integration. For instance, in February 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, 23,000 industrial robots are operating in UK factories in 2021, an increase of 6% from the previous year. Therefore, the rising use of industrial automation is driving the growth of the CNC controller market.
Companies Introducing Cutting-Edge Controllers To Elevate Precision And Efficiency In Machining Processes
Product innovation is a key trend gaining popularity in the CNC controller market. Major companies operating in the CNC controller market are developing innovative products to sustain their position in the market. For instance, in September 2022, Mitsubishi Electric India Pvt. Ltd., an India-based electrical and electronic equipment company, launched the all-new M800V and M80V CNC controllers. These innovative products include a new high-performance controller with a faster processor and more memory, a high-resolution touchscreen display, a new 3D simulation function that allows users to visualize the machining process before it starts, and a wireless LAN connection to monitor and control the machine remotely. Moreover, it includes energy-saving features, such as a sleep mode that automatically turns off the engine when not in use.
The cnc controller market covered in this report is segmented -
1) By Product: DSP-Based, Motion Control Chip-Based, Microcontroller-Based, Others Product
2) By Component: Hardware, Software, Services
3) By Machine Type: CNC Turning Centre, CNC Machining Centre
4) By Axis Type: 2-Axis, 3-Axis, 4-Axis, 5-Axis, Multiaxis
5) By End User: Aerospace, Automotive, Metals And Mining, Semiconductor And Electronics, Medical Devices, Other End Users
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Major companies operating in the cnc controller market report are Mitsubishi Electric Corporation, Siemens AG, GSK CNC equipment Co. Ltd., Batliboi Ltd., Bosch Rexroth AG, Fanuc Corporation, Hyundai Wia Corporation, DMG MORI Co. Ltd., Amada Co.Ltd., Okuma Corporation, Haas Automation Inc., Xometry, Hurco Companies Inc., Wuhan Huazhong Numerical Control Co. Ltd., Heidenhain Corporation, Leadshine America Inc., Tormach Europe Ltd., FlashCut CNC, Automation Technologies Inc., Techno CNC Systems LLC, CENTROID Corporation, MicroKinetics Corporation, CNC Automation Inc., Galil Motion Control Inc., Mesa Electronics Inc., Yug Machine Tools, CNC Masters Inc., Sober Antriebstechnik GmbH & Co. KG
Contents of the report:
1. Executive Summary
2. CNC Controller Market Report Structure
3. CNC Controller Market Trends And Strategies
4. CNC Controller Market - Macro Economic Scenario
5. CNC Controller Market Size And Growth
…..
27. CNC Controller Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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