Computer Numerical Control Controller Market Set for Explosive Growth rate (CAGR) of 10.2% by 2030 | Emergen Research

According to the most recent analysis by Emergen Research, the market for Computer Numerical Control (CNC) Controllers Market was valued at USD 55.47 billion in 2021 and is anticipated to grow at a rate of 10.2% over the projected period. Market expansion is anticipated to be positively impacted by the growing demand from industries for complex machining products to be more efficient. The popularity of CNC technology is also influenced by an increase in the demand for high precision, decreased operational costs, and technological breakthroughs in production methods. Additionally, the growth of the CNC (Computer Numerical Control) machine market is explained by the explosion in mass manufacturing of goods across industry verticals, including automotive and electronics. The demand for mass customisation is increasing, which is helping these tools catch on. For instance, CNC machine tools that can be programmed provide speedy and effective manufacture of many goods in a batch.

Due to supply chain disruptions and other industrial operations difficulties, COVID-19 has had an effect on practically all sectors worldwide. The majority of businesses have either stopped all manufacturing or only do the bare minimum. Government responses to COVID-19, such as lockdown and social isolation, resulted in the shutdown of production facilities early in the epidemic. The demand for numerous input items in the industrial sector has drastically decreased since relatively few industrial operations are permitted. Given that very few new CNC machines are anticipated to be used by these industries during the prolonged crisis, the aforementioned considerations seem essential to have an impact on the market for CNC controllers.

The adoption of industrial automation systems in the worldwide manufacturing sector is primarily driven by the growing significance of real-time data for process analysis and predictive maintenance in industrial environments as well as the expanding demand for industrial robots. Automation has many benefits, including increased productivity and lower operating costs for businesses that produce parts for the automotive, medical, aerospace, and defence industries. It also improves manufacturing processes’ quality, uniformity, safety, and accuracy. Due to the increased adoption of sophisticated automation technologies, such as CNC machines by businesses to automate their manufacturing processes, the market for industrial control and factory automation is anticipated to have substantial expansion in the future.

Some Key Highlights From the Report

The Mitsubishi Electric Computerized Numerical Controllers “CNC-on-Wheels” training and demonstration caravan was announced on January 18, 2022. (CNCs). The Peenya industrial area will serve as the starting point for this vehicle’s journey, which will then travel to other industrial areas, according to the Mitsubishi Electric CNC Technical Centre. A Mitsubishi Electric CNC project called “CNC-on-Wheels” aims to improve India’s manufacturing ecosystem. The initiative will promote the technical skill development of young machine operators in order for them to master the most recent CNC Systems. Mitsubishi is delivering its cutting-edge training techniques to the industry’s trained and semi-skilled workers with the help of this project so they can observe, learn, and use products with confidence.

Due to its high manufacturing rate, the segment for transport machinery is anticipated to record a consistent revenue CAGR. Due to the extremely high production rates, cost savings, and stability of CNC machining, rail and heavy-duty transportation are particularly significant clients.

5-axis segment expected to grow at highest CAGR during the forecast period

The 5-axis sector of the CNC controller market is anticipated to experience the greatest CAGR throughout the forecast period. 5-axis CNC machines are created primarily for the production of intricate machine parts in vital sectors like aerospace and automotive. Although 5-axis CNC machines are pricey, they have advantages such faster machine setup, more precision, and superior surface finishing. During the forecast period, these factors are anticipated to encourage the adoption of 5-axis CNC machines.

Some major companies in the global market report include Okuma Corporation, General Technology Group Dalian Machine Tool Corporation, Haas Automation, Inc., Siemens, Mitsubishi Electric Corporation, Fanuc Corporation, Amada Co., Ltd., Amera-Seiki Corp., DMG MORI, Yamazaki Mazak Corporation, and DN Solutions.

Emergen Research has segmented the global CNC controller market based on offering, machine type, type, axis type, application, and region:

• Offering Outlook (Revenue, USD Billion; 2019–2030)

  • Hardware

  • Software & Services

• Machine Type Outlook (Revenue, USD Billion; 2019–2030)

  • Welding Machines

  • Laser Machines

  • Winding Machines

  • Grinding Machines

  • Others

• Type Outlook (Revenue, USD Billion; 2019–2030)

  • Metal Cutting

  • Metal Forming

  • Others

• Axis Type Outlook (Revenue, USD Billion; 2019–2030)

  • 2-Axis

  • 3-Axis

  • 4-Axis

  • 5-Axis

  • Multi-axis

• Application Outlook (Revenue, USD Billion; 2019–2030)

  • General Machinery

  • Precision Engineering

  • Transport Machinery

  • Automotive

  • Aerospace

  • Others