Computer Numerical Control Market Anticipated To Witness Robust Growth, Surpassing $24.34 Billion By 2029

The Computer Numerical Control Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Computer Numerical Control Market Size and Its Estimated Growth Rate?
The size of the computer numerical control market has seen consistent expansion in the past few years. The market is projected to develop from a value of $17.13 billion in 2024 to $18.13 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.8%. Factors such as the proliferation of manufacturing automation, advancements in high-precision manufacturing, complex component production, reduction in production duration, and increased demands for customization, along with cost efficiency in mass production have contributed to the growth experienced in the historic period.

In the upcoming years, a robust increase in the computer numerical control market size is anticipated, with projections indicating it will reach $24.34 billion by 2029, progressing at a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth during the prediction span involve an amalgamation with industry, the emergence of additive manufacturing, a surge in use by small and medium businesses (SMEs), a commitment to sustainability, advanced software capabilities, and healthcare and biotechnology demand. Other foreseeable trends during this period encompass energy-efficient solutions, the advent of miniaturization and micro-machining, the integration of internet of things (IoT), customization tailored for limited-production lines, and a shift towards open-source CNC systems.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8795

How Are Emerging Segments Shaping the Computer Numerical Control Market Landscape?
The computer numerical control market covered in this report 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

Subsegments:
1) By Lathe Machines: CNC Turning Centers, CNC Lathes
2) By Milling Machines: CNC Vertical Milling Machines, CNC Horizontal Milling Machines
3) By Laser Machines: CNC Laser Cutting Machines, CNC Laser Engraving Machines
4) By Grinding Machines: CNC Surface Grinders, CNC Cylindrical Grinders
5) By Welding Machines: CNC Plasma Welding Machines, CNC TIG Or MIG Welding Machines
6) By Winding Machines: CNC Coil Winding Machines, CNC Wire Winding Machines
7) By Other Types: CNC Waterjet Cutting Machines, CNC EDM Machines (Electrical Discharge Machining)

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8795&type=smp

Which Growth Factors Are Influencing Computer Numerical Control Market Expansion?
The surge in demand for electric vehicles is predicted to greatly increase the demand for the computer numerical control market. Rather than functioning with an internal-combustion engine that runs by burning a mixture of gasoline and gases, an electric vehicle (EV) operates via an electric motor powered by electricity. The manufacturing of electric vehicles on a large scale and in an automated manner is facilitated by computer numerical control technology, thereby reducing production costs. As an example, the Global Electric Vehicle Outlook report by the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, published in May 2022 noted that the sales figures for electric cars doubled in 2021, reaching 6.6 million. Furthermore, the trend continued into 2022, with the global sale of 2 million electric cars in the first quarter itself. The computer numerical control market is poised for growth due to the expanding demand for electric vehicles.

Who Are the Dominant Players Across Different Computer Numerical Control Market Segments?
Major companies operating in the computer numerical control market are 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, Embraer SA, AMETEK Inc., Tech Mahindra Limited, Ventura Aerospace Inc., Meggitt PLC, Lufthansa Technik AG, FLYHT Aerospace Solutions Ltd., Esterline Technologies Corporation, Ultra Electronics Holdings PLC, Thales Group, BAE Systems PLC, Moog Inc., SKF AB, LORD Corporation, Goodrich Corporation, Eaton Corporation

What Are the Latest Developing Trends in the Computer Numerical Control Market?
Key players in the computer numerical control market are innovating by releasing new machinery that features up to one nanometer axis resolution to maintain a competitive edge. The axis resolution is a concept referring to the most minute motion or measurement that can be identified or accomplished along an axis, generally in mechanical or electronic systems. For example, in December 2022, ANCA CNC Machines, a machinery manufacturing firm based in Australia, introduced the MX7 ULTRA. This high-end machine is engineered for producing cutting instruments of superior precision and quality. The MX7 ULTRA boasts nanometer axis resolution, securing less than +/- 0.002mm of line form accuracy for a range of profiles like ballnose and corner radius endmills. Thanks to its updated software, hardware, and design aspects, the machine offers notable enhancements in surface finish, accuracy, and runout control, promising consistent quality from the first product to the thousandth. Additionally, the machine provides features such as in-process measurement, balancing, compensation for runout, and Motor Temperature Control (MTC) that compensates for thermal expansion.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/computer-numerical-control-global-market-report

Which Geographic Regions Are Expected to Dominate the Computer Numerical Control Market in the Coming Years?
Asia-Pacific was the largest region in the computer numerical control market share in 2024. Europe was the second-largest region in the computer numerical control market. The regions covered in the computer numerical control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computer Numerical Control Market?
2. What is the CAGR expected in the Computer Numerical Control Market?
3. What Are the Key Innovations Transforming the Computer Numerical Control Industry?
4. Which Region Is Leading the Computer Numerical Control Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.