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New study: Global CNC controller market forecast to 2023

New study: Global CNC controller market forecast to 2023

CNC Controller Market Analysis Research 2017 is a premium report explores CNC Controller Market Size, Share, Growth, Potential, Opportunity and Company analysis to 2023. CNC Controller Market particularly focusing on CNC Controller Demand, Market Drivers, Challenges, Major trends, and value chain Analysis.

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Global CNC Controller Market set to hit $3.70 billion by 2023 at a CAGR of 3.8% by 2023.

Sample Copy of Global CNC Controller Market Report of 173 pages at www.reportsnreports.com/contacts/r…spx?name=1092859

Global Key CNC Controller Market Companies Mentioned In Report: FANUC Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Siemens AG (Germany) are the leading players in the CNC controller market. Furthermore, key players in the CNC machine market are Bosch Rexroth AG (Germany), DMG MORI CO., LTD. (Japan), Fagor Automation (US), FANUC Corporation (Japan), Haas Automation, Inc.

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(US), Hurco Companies, Inc. (US), Mitsubishi Electric Corporation (Japan), Okuma Corporation (Japan), Siemens AG (Germany), Wuhan Huazhong Numerical Control Co., Ltd. (China), and Yamazaki Mazak Corporation (Japan).

Scope of the Report:

CNC Market, by Hardware:

  • CNC Machine
  • CNC Controller

CNC Controller Market, by Machine Type:

  • CNC Machining Center
  • CNC Turning Center

CNC Controller Market, by Axis Type:

  • 2-Axis
  • 3-Axis
  • 4-Axis
  • 5-Axis
  • Multiaxis

CNC Market, by Geography:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

“CNC Controller market expected to exhibit significant growth between 2017 and 2023”

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 expected to hold major share of controller market during forecast period”

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.

“Controller market for 5-axis CNC machine expected to grow at highest CAGR between 2017 and 2023”

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.

Inquire for Complete Report on CNC Controller Market Report at: www.reportsnreports.com/contacts/i…spx?name=1092859

The research report analyzes the CNC market on the basis of the following segments: hardware, machine type, axis type, industry, and geography. The market has been segmented on the basis of hardware into CNC machines and CNC controllers.

A major emphasis has been given to CNC controllers as they are an important part of the machine. The market for CNC controllers has been segmented on the basis of machine type into CNC machining center and CNC turning center.

Further, the market for CNC controllers has been segmented on the basis of axis type into2-axis, 3-axis, 4-axis, 5-axis, and multi axis CNC machines. Industries covered in this report are aerospace and defense, automotive, metal manufacturing, medical devices, and semiconductor and electronics.

he report also covers the market segmented on the basis of the following regions :North America, Europe, APAC, and RoW.

“Market for CNC controllers in Europe expected to grow at highest CAGR during forecast period”

The market for the controllers in Europe is projected to grow at the highest CAGR between 2017 and 2022. The growth of the market is primarily driven by the increase in demand for automobiles, medical devices, and machinery manufacturing equipment.

Further, advancements in controller capabilities, ability to control multiple axes, and the development of advanced controllers are some of the factors contributing to the growth of the market in Europe.

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