CNC Controller Market

1. Global CNC Controller Market Size, Industry Trends Forecast, Opportunities 2026 The global CNC controller market size is projected to reach USD 3.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 3.6% during the forecast period. The growth of the CNC controller industry is majorly driven by rising adoption of industrial automation in manufacturing industries and increasing demand for mass production across automotive industry. 5-axis segment expected to grow at highest CAGR during the forecast period The CNC controller market for the 5-axis segment is projected to grow at the highest CAGR during the forecast period. 5-axis CNC machines are specifically designed for the manufacture of complex machine parts in critical industries such as aerospace and automotive. 5-axis CNC machines are expensive; however, they offer benefits such as reduced machine setup time, enhanced accuracy, and better surface finishing. These factors are expected to lead to the adoption of 5-axis CNC machines during the forecast period. CNC controller market in APAC contributed the largest share in 2020. APAC accounted for the largest share of the market in 2020. Growth of the market is majorly driven by the growing manufacturing sector in the region. Continuous advancements and technological innovations in various industries; economic development in major economies such as China, Japan, and India; increasing infrastructural developments in Southeast Asian countries such as Singapore, Thailand, and Malaysia, among others; and rising foreign investments in this region is expected to fuel market growth. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133889642 Top CNC Controller Companies - Key Market Players The CNC controller players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, and expansions to strengthen their offerings in the market. The major players are FANUC(Japan), Siemens(Germany), Mitsubishi Electric(Japan), DMG MORI(Germany), and Haas Automation(US). About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI- powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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