Press release
Rise in Industrial Automation Driving CNC Controller Market Growth: Emerging Trends and Market Size Forecast 2024-2029
CNC Controller Market Size
What Is The Projected Market Size Of The Global CNC Controller Market And Its Growth Rate?
• The CNC controller market was valued at $2.96 billion in 2024 and is projected to reach $3.14 billion in 2025, growing at a CAGR of 5.9%.
• Factors such as increasing demand in the aerospace and defense sector, automotive manufacturing, growing manufacturing complexity, industrial automation, and cost reduction in CNC technology have contributed to the historic period growth.
• The market size of the CNC controller is expected to reach $4.02 billion in 2029, growing at a CAGR of 6.4% during the forecast period.
• Trends such as the rise of computer-aided design software, miniaturization and micro-machining trends, integration of 5-axis and multi-axis machining, considerations for energy efficiency and increased use in medical device manufacturing, are expected to fuel the market growth in the forecast period.
What Is Driving The Growth In The CNC Controller Market?
The market growth is primarily driven by the rising use of industrial automation. CNC controllers play a crucial role in industrial automation, especially in manufacturing, by controlling and coordinating the precise movements of machine tools and equipment. For instance, according to the World Robotics report, the latest information recorded 553,052 industrial robot installations in 2022 worldwide, reflecting a 5% YoY growth.
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Who Are the Key Players Driving CNC Controller Market Growth?
• 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
What Are The Key Trends In The CNC Controller Market?
Key trends propelling the market include:
• Advancements in CNC technology
• Augmented reality and virtual reality integration
• Implementation of machine learning for adaptive machining
• Adoption of digital twin technology
• AI-powered quality control
• Sustainable machining practices
What Are The Segments Of The Global CNC Controller Market?
The CNC controller market is segmented into -
• By Product: DSP-Based, Motion Control Chip-Based, Microcontroller-Based, Others
• By Component: Hardware, Software, Services
• By Machine Type: CNC Turning Centre, CNC Machining Centre
• By Axis Type: 2-Axis, 3-Axis, 4-Axis, 5-Axis, Multi-axis
• By End User: Aerospace, Automotive, Metals And Mining, Semiconductor And Electronics, Medical Devices, Other End Users
Which Region Leads The CNC Controller Market?
The Asia-Pacific region was leading the CNC controller market in 2024. Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa have been the focal regions in the market report.
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What Is Covered In The CNC Controller Market Global Market Report?
- Market Size Analysis: Analyze the CNC Controller Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the CNC Controller 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 CNC Controller Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the CNC Controller Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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