DUBLIN–(BUSINESS WIRE)–The “CNC
Controller Market by Hardware (CNC Machine and CNC Controller), Machine
Type (CNC Machining Center and CNC Turning Center), Axis Type (2-Axis,
3-Axis, 4-Axis, 5-Axis, and Multiaxis), Industry, and Geography – Global
Forecast to 2023” report has been added to Research and
The CNC controller market is projected to grow at a CAGR of 3.8% between
2017 and 2023, to reach USD 3.70 billion by 2023
Key driving factors for the growth of the market are increase in the
adoption of industrial automation in the manufacturing sector, ability
to reduce operating cost, and rising demand for mass production across
end-user industries. However, factors such as requirement of high
investment cost for the implementation of CNC machines are restraining
the growth of this market.
CNC machining center is expected to hold a major share of the controller
market by 2023. This is attributed to the growing focus of manufacturers
to invest in technologies to develop innovative, energy-efficient, and
advanced solutions for end users. These machines are used for a variety
of machining operations owing to their ability to offer a high level of
accuracy and ability to perform continuous production work. Thus, the
adoption of controllers is high in CNC machining centers owing to the
high demand for the machining centers for complex machining operations.
The controller market for 5-axis CNC machine is projected to grow at the
highest CAGR between 2017 and 2023. These machines are specifically
designed for manufacturing complex machine parts in critical industries
such as aerospace and defense. They are expensive; however, they offer
benefits such as reduced machine setup time, enhanced accuracy, and
better surface finishing, which is expected to encourage their adoption
during the forecast period. CNC controllers control the movement of
5-axis CNC machines in 5 different directions simultaneously. Thus, the
demand for CNC controllers is expected to grow significantly in 5-axis
CNC machines during the forecast period.
The automotive industry is expected to hold the largest share of the
market during the forecast period. Advancements in automotive
manufacturing technologies and increasing investments by key automotive
manufacturers are some of the factors expected to drive the market for
the automotive industry. Further, intense competition in the automotive
industry has led to increase in the development of innovative and
advanced manufacturing technologies for automobiles. Hence, there is a
high demand for the controllers across the globe as they help enhance
the efficiency of production and manufacturing facilities in the
Market for CNC controllers in Europe expected to grow at highest CAGR
during forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market Analysis, By Hardware
8 Types of Software and Services
9 Market Analysis, By Machine Type
10 Market Analysis, By Axis Type
11 Installation Types of CNC Machines
12 Market, By Industry
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
- Batliboi Ltd.
- Bosch Rexorth AG
- DMG Mori Co. Ltd.
- Fagor Automation
- Fanuc Corporation
- GSK CNC Equipment Co. Ltd.
- Gf Machining Solutions Management SA
- Haas Automation Inc.
- Hardinge Inc.
- Heidenhain Corporation
- Heller GmbH
- Hurco Companies Inc.
- Hyundai Wia
- Index Traub
- Jyoti CNC Automation Ltd.
- Machine Tool Technologies Ltd
- Mitsubishi Electric Corporation
- Okuma Corporation
- Samsung Machine Tools
- Siemens AG
- Wuhan Huazhong Numerical Control Co. Ltd.
- YUG Machine Tools
- Yamazaki Mazak Corporation
For more information about this report visit https://www.researchandmarkets.com/research/hfw3d8/cnc_controller
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