Press release
Global CNC Controller Market to Reach $4.02 Billion by 2029, Growing at 6% CAGR
CNC Controller Market
The CNC controller market's expansion is anticipated to be energized by the increasing implementation of industrial automation. Advanced technologies, control systems, and machinery that automate industrial processes and functions are all part of industrial automation. CNC controllers have a significant role in industrial automation, especially in manufacturing. They regulate the movement of machine tools and equipment in a precise, automated fashion in areas like product manufacturing, prototyping, tool and workpiece handling, and automation integration. For example, the latest World Robotics report by the Germany-based non-profit organization International Federation of Robotics noted 553,052 global industrial robot installations in 2022 in September 2023. This number represents a 5% growth compared to the previous year. 73% of these new installations were in Asia, 15% in Europe, and 10% in the Americas highlighting the growing reliance on industrial automation and its contribution to the CNC controller market's growth.
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What Is the projected market size and growth rate for the cnc controller market?
In the recent past, there has been a robust growth in the size of the CNC controller market. It is expected to expand from its 2024 value of $2.96 billion to $3.14 billion in 2025, with an annual compound growth rate (CAGR) estimated at 5.9%. Factors contributing to this growth during the historic period primarily include the escalating demand in the aerospace and defense sectors, increasing requirements in automotive manufacturing, complex manufacturing processes, the advent of industrial automation, and the reduction in the cost of CNC technology.
The market for CNC controllers is predicted to see considerable expansion in the forthcoming years, with expected growth to $4.02 billion by 2029 at a CAGR of 6.4%. The anticipated growth during this forecast period can be linked to the increasing use of computer-aided design software, the trend towards miniaturization, micro-machining, the adoption of 5-axis and multi-axis machining techniques, considerations for energy efficiency and a rising demand in the manufacture of medical devices. Major trends during this forecast period are expected to be improvements in CNC technology, the integration of augmented reality (AR) and virtual reality (VR), the application of machine learning for adaptive machining, the implementation of digital twin technology, AI-powered quality control, and the adoption of sustainable machining practices.
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What new trends are reshaping the cnc controller market and its opportunities?
Innovation in product development is becoming a prevalent trend in the CNC controller market. Renowned businesses in this sector are creating advanced products to maintain their market standing. For instance, Mitsubishi Electric India Pvt. Ltd., an Indian firm specializing in electrical and electronic equipment, introduced the innovative M800V and M80V CNC controllers in September 2022. These cutting-edge products come with a high-performance controller featuring a speedier processor and increased memory, a high-resolution touchscreen display, a new 3D simulation function for users to pre-visualize the machining process, and a wireless LAN connection for remote machine monitoring and control. Additionally, they are equipped with energy-saving capabilities including a sleep mode which automatically shuts down the engine during idle periods.
What major market segments define the scope and growth of the cnc controller market?
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
Subsegments:
1) By DSP-Based: Real-Time Processing DSP Controllers, High-Performance DSP Controllers, Integrated DSP Solutions
2) By Motion Control Chip-Based: ASIC Motion Control Chips, FPGA-Based Controllers, Specialized Motion Control ICs
3) By Microcontroller-Based: 8-bit Microcontrollers, 16-bit Microcontrollers, 32-bit Microcontrollers, ARM-Based Microcontrollers
4) By Others Product: PC-Based Controllers, Embedded Controllers, Hybrid Controllers
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Which region dominates the cnc controller market?
Asia-Pacific was the largest region in the CNC controller market in 2024. The regions covered in the CNC controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the cnc controller industry growth?
Major companies operating in the CNC controller market include 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
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What Is Covered In The CNC Controller Global Market Report?
• Market Size Forecast: Examine the cnc controller market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cnc controller market for a structured understanding.
• Key Players Overview: Analyze major players in the cnc controller market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cnc controller market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cnc controller market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cnc controller market.
• Industry Challenges: Identify potential risks and obstacles affecting the cnc controller market.
• Competitive Landscape: Review strategic developments in the cnc controller market, including expansions, agreements, and new product launches.
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