Market Synopsis of the Global CNC Controller Market:
The Computer numerical control (CNC) controller is the brain of a CNC system. The controller receives conditioned signals from a computer and interpret those signals into mechanical motion through motor output. The CNC controller consisting of the components namely the power supply unit, the circuitry protection system, the motor driver and among others. These CNC controller provide high speed and deployed in industries to develop the high quality products.
The study indicates that the key driving factors for the CNC Controller Market growth are increasing with the adoption of industrial automation in the manufacturing sector, the ability to reduce operating cost, and the rising demand for mass production across end-user industries. However, the requirement of high investment cost for the implementation of CNC machines are restraining the growth of this market. 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 are the key factors driving the growth of the CNC market.
Some of the prominent key players in the CNC controller market; Siemens AG (Germany), Mitsubishi Electric corporation (Japan), Bosch Rexroth AG (Germany), DMG Mori Co Ltd, Hurco Companies, Inc (U.S.), Fagor Automation Corporation (U.S.), Haas Automation, Inc (U.S.), Wuhan Huazhong Numerical Control Co Ltd (China), Yamazaki Mazak Corporation (Japan), FANUC Corporation (Japan), Okuma Corporation (Japan) and many others.
The global Computer numerical control (CNC) market is expected to grow at USD$ ~3.87 Billion by 2023, at 6.45 % of CAGR between 2017 and 2023.
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On geographic basis, CNC Controller Market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the CNC Controller market. Whereas, the multinational companies are operating in this market. The growth of the market is primarily driven by growing manufacturing sector in this region. Furthermore, the continuous advancements and technological innovations in various industries, economic development in China, Japan, and India and the growing infrastructural developments in other countries and increasing foreign investments in this region drive the growth of the CNC controller market.
The regional analysis of CNC Controller market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of largest market share in CNC Controller market due to the deployment of the 5-Axis machines can produce higher quality and more dependable results faster and more efficiently than can be accomplished with multiple setups on three or four axis machines. 5-Axis machining is particularly useful for applications where complex parts that have many features applied at various angles and surfaces around the part are being manufactured.
Global CNC Controller market is segmented on the basis of application, product, component, end user and axis type. On the basis of application, the market is segmented into closed loop control, open loop control and semi – closed loop control. The closed loop control is dominating the application segment of CNC controller market in 2016 generating the highest market value and fastest growth in the forecasted period. Additionally, the open loop control follows the closed loop control with second highest market share in 2016.
On the basis of product, the market is segmented into microcontroller based, DSP based, and motion control chip based. Out of these, the microcontroller based CNC controller holds the largest market value in 2016 and is expected to grow at a significant rate. However, the DSP based CNC controller is expected to grow at a highest CAGR during the forecasted period.
On the basis of component, the market is segmented into software, cabling, power supply unit, cabling, circuitry protection system, motor drivers and many more. Among these, the software is expected to show a high growth. However, the motor driver is holding the largest market share in 2016.
On the basis of end user, the market is segmented into automobile, electronics, defense, and healthcare, aerospace, metal & mining etc. End User is dominated by healthcare sector in 2016. It has generated highest market value in 2016 mounting with fastest growing. It is followed by automobile and defenses sector. The global CNC controller market is also segmented by axis type, including 2 axis, 3 axis, 4 axis, 5 axis and multi axis.
- By product: Microcontroller based is dominating the market of CNC controller by product and has reached USD 894.13 Million in the year 2017 and is also expected to grow at a fastest CAGR of 7.6 %.
- By Component: Motor Driver is dominating the market of CNC controller by component and has reached USD 623.39 Million in the year 2017. However, Software is the fastest growing at an 8.0 % CAGR.
- By Axis Type: 3 – Axis is dominating the market of CNC controller by axis – type and has reached USD 697 Million in the year 2017. However, 5 – Axis is the fastest growing at an 8.0 % CAGR during the forecasted period.
- By End User: Automobile is dominating the market of CNC controller by end user and has reached USD 632 Million in the year 2017 and is also expected to show the fastest growth at an 8.1 % CAGR.
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- Industrial automation equipment providers
- Market research and consulting firms
- Original equipment manufacturers
- Associations and industrial bodies
- Component suppliers and distributors
- CNC machines and controllers across industries
- Government bodies
- Semiconductor product designers and fabricators
- Product manufacturers/ developers
- Consultancy firms/advisory firms
- Technology investors
- Research institutes
- System Integrators
- Research/Consultancy firm
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