CNC Controller Market Worth US $3.87 Billion by 2023 at 6.45% CAGR | CNC Controller Industry Forecast By Application, Product, Component, End User, Axis Type

CNC Controller Industry
Global CNC Controller Market, By Application (Closed loop Control, open loop control), Product (Microcontroller based, DSP based), Component (Software, Cabling, Power Supply Unit), End User (Automobile, Electronics, Defense, Healthcare), Axis Type – Forecast till 2023

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.

 

Key Players:

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.

 

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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.

 

Key Findings

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.

 

CNC Controller Industry Segmentation:

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.

 

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Regional Analysis:

The global CNC controller market by region, is led by Asia Pacific in 2016, and has occupied largest market share. Europe has successfully counted on second position in CNC controller market globally in 2016. Europe, among all regions is considered to be the fastest growing region. North America shows positive growth in the CNC controller market. However, Rest of the world is growing with slow growth rate.

 

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