PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100687
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100687
The global CNC Controller market was valued at USD 2,901.7 million in 2020, growing with 7.4% CAGR during the forecast period, 2022-2028.
CNC machine controllers are automated machine equipment that includes a variety of hardware, software, and service components, such as a mini-computer that serves as a controller for CNC machines. CNC machines are most often found in the aerospace, automotive, metal manufacturing, semiconductor, and electronics industries. The rise in industrial automation adoption throughout the manufacturing sector, the rising need for mass production by end-user industries, and the capacity to reduce OpEx are the primary drivers driving the growth of the CNC machine controller's market.
The growing relevance of real-time data in industrial environments for process monitoring and predictive maintenance, as well as the expanding demand for industrial robots, are the primary reasons driving the adoption of industrial automation systems in the worldwide manufacturing industry. Automation provides numerous benefits, including superior quality, improved uniformity, increased safety, and improved accuracy of manufacturing processes, as well as increased productivity and lower operating costs for companies manufacturing parts used in the automotive, medical, aerospace, and defense industries. Because of the increased use of advanced automation technologies, such as CNC machines, by manufacturers to automate their production processes, the market for industrial control and factory automation is likely to rise significantly in the future.
The emergence of Industry 4.0, the internet of things (IoT), cloud computing, and manufacturing technology across various industry verticals such as construction, manufacturing, and automotive, among others, in need of mechanical components and parts to carry out the working process, are the major factors augmenting the CNC controller market. The rising requirement for automation to meet the increased demand for commercial mass production and accurate and quality goods as product consumption has expanded over time accelerates the CNC controller market expansion. The controller is used as CNC machines rely on the instructions supplied by computer-aided-manufacturing (CAM) and computer-aided-design (CAD), as well as the benefits offered by CNC machines such as reliability.
In 2022, the automotive industrial industry accounted for more than one-fourth of the market share and is expected to exceed by 2030. General manufacturing sectors such as packaging, electronics, medical, and other general industries are included in the industrial section. Demand for fully automated and turnkey CNC machines to scale up production to satisfy backlogs beginning in 2020 is predicted to fuel growth over the study period.
During the assessment period, the CNC controller market for the 5-axis category is expected to develop at the fastest CAGR. 5-axis CNC machines are built primarily for the production of complicated machine components in essential sectors such as aerospace and automotive. 5-axis CNC machines are costly, but they provide benefits such as faster machine setup, improved accuracy, and better surface finishing. During the projected period, these factors are likely to contribute to the use of 5-axis CNC machines.
APAC held the highest share of the CNC controller market. The region's expanding industrial sector is a primary driver of market growth. Continuous technological advancements and innovations in various industries; economic development in major economies such as China, Japan, and India; increasing infrastructure development in Southeast Asian countries such as Singapore, Thailand, and Malaysia, among others; and rising foreign investment in this region are expected to fuel market growth.
Hurco Companies Inc., Protomatic Inc., AMS Micromedical, Metal Craft, DMG Mori Seiki Co., Haas Automation, JTEKT Corporation, Siemens AG, and Fanuc Corporation are prominent companies. Because there is little rivalry among the businesses, market concentration is projected to be mild. The accompanying software and its operability on industrial systems are crucial for the selection of these systems and are one of the leading market vendors' innovation strategies.
Siemens has just released three strong technology packages designed specifically for its new Sinumerik One control system. Sinumerik One Dynamics packages come in three varieties: ONE Dynamics Operate, ONE Dynamics 3-axis milling, and ONE Dynamics 5-axis milling. Each technology package's software functionalities assist users from machine-oriented programming in the shop through high-performance machining of CAD-CAM-programmed workpieces with excellent surface quality.
The Mazak Corp unveiled its new SYNCREX Series of Swiss-style machines and presented its newest campus expansion to accommodate these new machine tools at Mazak Corporation's DISCOVER 2022 event in November 2022. The event, held from October 25 to 29, at Mazak's North American Headquarters in Florence, Kentucky, featured a wide range of technologies, insights from leading industry experts, and tours of the company's facilities, including 32,000 square feet of new production and aftermarket parts warehousing to accommodate Kentucky production of the new SYNCREX Series.
The scope of this report covers the market by its major segments, which include as follows: