Press release
Global CNC Controller Market to Grow at a CAGR of 4.0% between 2017 and 2024
"CNC Controller Market" - Global Industry Trends and Forecast to 2024
Global CNC Controller Market Analysis:
The Global CNC Controller Market accounted to USD 3.0 billion in 2016 growing at a CAGR of 4.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global CNC Controller Market Definition:
The Computer numerical control (CNC) controller is the brain of a CNC system. The controller receives conditioned signals from a computer and interprets those signals into mechanical motion through motor output. The CNC controller consisting of the components power supply unit, circuitry protection system, motor driver and among others. The current trends in the market are increase in the adoption of automation in manufacturing sector and are also help in the reduction of operating cost and also provide efficiency to the system. Furthermore the by integrating these system with different other system will provide the greater efficiency.
Global CNC Controller Major Market Drivers and Restraints:
• Adoption of Industrial Automation in Manufacturing Sector
• Ability to Reduce Operating Cost and Enhance Production Efficiency
• Demand for Mass Production
• High Investment Cost Required for Implementation of CNC Machines
• Integration of 3d Printing Technology With CNC Machines
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Global CNC Controller Market Segmentation:
The market is segmented on the basis of technology, defense type, end-user and geography.
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On the basis of hardware the CNC Controller Market is segmented into CNC Machines, CNC Products. The CNC products market is expected to grow in the forecasted period.
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On the basis of software & services the CNC Controller Market is segmented into Software and Service. The software market is expected to grow in the forecasted period.
On the basis of axis the CNC Controller Market is segmented into Axis CNC Machine, Axis CNC Machine, Axis CNC Machine, Axis CNC Machine, Multiaxis CNC Machine. The Multiaxis market is expected to grow in the forecasted period.
Based on Geography the market is segmented into five geographical regions:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Global CNC Controller Market – Competitive Analysis:
CNC Controller Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Global CNC Controller Market – Major Market Competitors:
Some of the major players operating in CNC Controller Market are Fanuc Corporation, Siemens AG, Mitsubishi Electric Corporation, DMG Mori Co., Ltd., Hurco Companies, Inc., Okuma Corporation, Wuhan Huazhong Numerical Control Co. Ltd., Bosch Rexroth AG, Fagor Automation, Haas Automation, Inc., Yamazaki Mazak Corporation, Machine Tool Technologies Ltd (MTT), Simplex, Xometry, YUG Machine Tools among others. In 2017, Fanuc corporation has introduced its new R-30iB Plus robot controller, designed to simplify the use of robots and automation in manufacturing.
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