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Global Computer Numerical Control Market: Significant Growth, Key Players and Emerging Trends
Computer Numerical Control Market
What Is The Projected Market Size Of The Global Computer Numerical Control Market And Its Growth Rate?
• The computer numerical control market size is projected to grow from $17.13 billion in 2024 to $18.13 billion in 2025, representing a compound annual growth rate (CAGR) of 5.8%.
• The market is driven by factors such as manufacturing automation, advancements in precision manufacturing, complex component production, reduction in production time, increased customization demands and cost savings in mass production.
• Predicted to see strong growth in the coming years, the market size is expected to reach $24.34 billion in 2029 at a CAGR of 7.6%.
• Major growth drivers for the forecast period include integration with industry, rise of additive manufacturing, increased use in small and medium enterprises (SMEs), focus on sustainability, enhanced software capabilities and demand in healthcare and biotechnology.
What Is Driving The Growth In The Computer Numerical Control Market?
The surge in demand for electric vehicles is propelling the computer numerical control market. The computer numerical control technology is essential for the automated and bulk manufacture of electric vehicles, minimising costs for producers. The Global Electric Vehicle Outlook report indicates a significant increase in the sales of electric vehicles, which will further boost the computer numerical control market growth.
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Who Are the Key Players Driving Computer Numerical Control Market Growth?
• Airbus SAS
• Safran SA
• Honeywell International Inc.
• Teledyne Technologies Inc.
• The Boeing Company
• General Electric Company
• Rolls-Royce Holdings PLC
• Flyth Aerospace Solutions Ltd.
• Raytheon Technologies Corporation
• Curtiss-Wright Corporation
• RSL Electronics Ltd.
• Deutsche Lufthansa AG
• Acellent Technologies Inc.
• Societe Internationale de Telecommunications Aeronautiques
What Are The Key Trends In The Computer Numerical Control Market?
Key market trends include:
• Energy efficient solutions
• Miniaturization and micro-machining
• Integration of internet of things (IoT)
• Customization for small-batch production
• Shift towards open-source CNC systems
What Are The Segments Of The Global Computer Numerical Control Market?
1) By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines and Other Types
2) By Product Type: Software, Solutions
3) By End Use Industry: Aerospace And Defense, Automobile, Electronics, Healthcare, Other End Use Industries
Which Region Leads The Computer Numerical Control Market?
Asia-Pacific was the largest region in the computer numerical control market in 2024, followed by Europe. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Computer Numerical Control Market Global Market Report?
- Market Size Analysis: Analyze the Computer Numerical Control Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Computer Numerical Control Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Computer Numerical Control Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Computer Numerical Control Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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