Home > Semiconductors & Electronics > Automation > Industrial Automation > CNC Controller Market
CNC Controller Market was valued at over USD 6.5 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 and 2032.
The increasing automation in manufacturing processes is a significant growth driver for the CNC controller industry owing to its ability to enhance efficiency, precision, and productivity. As industries strive for greater automation to streamline operations and reduce manual labor costs, CNC controllers play a pivotal role in controlling machine tools with accuracy and consistency. The demand for these controllers rises in tandem with the automation trend as manufacturers seek advanced solutions to optimize their production processes and stay competitive in the market. For instance, in April 2021, Vention has Machine Motion V2 (MMV2) controller with code-free programming, plug & play actuators, and automating factory floor equipment. MMV2 allows users to simulate and program online for wire equipment in minutes and help start automated production.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
CNC Controller Market Size in 2023: | USD 6.5 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.5% |
2032 Value Projection: | USD 10.5 Billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 403 |
Segments covered: | Component, Machine Type, Axis, End User, Sale Channel, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The aerospace industry increasingly relies on CNC technology owing to its ability to produce complex & high-precision components required for aircraft and spacecraft. CNC controllers enable precise control over machining processes, ensuring compliance with stringent aerospace standards. As aerospace manufacturing continues to expand globally to meet the demand, the need for CNC controllers is expected to rise in tandem, driven by the industry's need for accuracy, efficiency, and reliability in production.
The potential for machine downtime due to technical failures is a significant pitfall for the CNC controller market as it directly impacts productivity and profitability. CNC machines are integral to manufacturing operations, and any technical failure leading to downtime can disrupt production schedules, delay deliveries, and incur costly repairs. This downtime not only affects the efficiency of the manufacturing process but also undermines customer satisfaction and competitiveness. Thus, mitigating technical failures and minimizing machine downtime are crucial for sustaining growth in the market.
Real-time optimization, data analysis, and remote monitoring are made possible by the incorporation of cloud computing technologies into CNC operations. Operators of CNC machines can monitor performance indicators, examine production data, and adjust machining parameters from any location through the internet by connecting their machines to cloud-based services. This streamlines manufacturing operations and increases efficiency by facilitating proactive maintenance, improving productivity, and offering insightful information for process improvement.
Smart CNC systems use IoT, AI, and machine learning to anticipate maintenance requirements, maximize efficiency, and modify milling procedures on their own. IoT sensors gather machine condition data in real time, which is then evaluated by AI systems to foresee the possible problems. By using past data, machine learning algorithms improve the machining parameters to guarantee maximum efficiency. Proactive maintenance is made possible by this linkage, which also reduces the downtime and boosts efficiency in CNC production processes.
Based on component, the market is divided into hardware, software, and services. The hardware segment is expected to reach over USD 6.5 billion by 2032.
Based on machine type, the market is segmented into machine center and turning center. The turning center segment is expected to register a CAGR of over 4.5% during the forecast period.
Asia Pacific dominated the global market in 2023 with over 35% of the total revenue share. The CNC controller market is experiencing high growth in Asia Pacific due to rapid industrialization and increasing manufacturing activities in countries including China, Japan, and India. These nations are witnessing significant investments in automotive, aerospace, and electronics sectors, driving the demand for CNC machinery. Additionally, favorable government initiatives, such as "Made in China 2025" and "Make in India," stimulate market growth. Moreover, the presence of key CNC controller manufacturers and technological advancements contribute to the region's growth trajectory.
Fanuc Corporation and Siemens AG held a significant share of over 20% in the CNC controller industry in 2023. Fanuc Corporation is a global leader in factory automation, specializing in CNC systems, industrial robots, and machine tools. It offers a comprehensive range of products & services, including CNC controllers, servo motors, industrial robots, for various applications, and integrated automation solutions. The company’s solutions enhance productivity, precision, and efficiency across diverse manufacturing industries worldwide.
Siemens AG is a multinational conglomerate headquartered in Germany. It offers a wide range of products & services, including CNC controllers for machine tools. Siemens CNC solutions provide advanced automation, precision, and efficiency for manufacturing processes. The company’s portfolio includes SINUMERIK series CNC systems, offering innovative features such as digitalization, connectivity, and optimization for various industrial applications.
Major players operating in the industry are:
Click here to Buy Section of this Report
Market, By Component
Market, By Machine Type
Market, By Axis
Market, By End-user
Market, By Sales Channel
The above information is provided for the following regions and countries: