The global computerized numerical control market is anticipated to witness growth over the forecast period. Computerized Numerical Control (CNC) is a programmable automation type in which various machining operations are carried out by microcomputers and are directed by mathematical data. CNC can control the motion of the tool or workpiece, also the input parameters such as depth of cut, feed, speed, and functions such as turning coolant on/off and turning spindle on/off. CNC is used when high quality and effectiveness are required. Short production time, high manufacturing accuracy, greater manufacturing flexibility, reduction in human errors, and contour machining are major benefits of CNC. Growth in the machine tool industry has been a major contributing factor in this market; also the demand from the retrofit segment has increased. However, high investment requirements may pose a challenge to the growth of the CNC market. High maintenance costs and the requirement for the skilled part programmer may act as market restraints.
By application, the aerospace sector and automotive sector have been major markets for CNCs. Industries such as woodworking, healthcare, jewelry, and the food industry have started adopting high-performance CNCs. CNCs have been focused on large market segments of metalworking machinery and machine tool market; and relatively smaller target which includes various cutting and material contouring applications in the glass, wood, and plastic.
CNC are classified into machine tool and non-machine tool areas. CNC is used for milling machines, drill press, grinding units, lathe machines, lasers, etc., in the machine tool category; for coordinate measuring machines, welding machines, electronic assembly, winding machines, etc., in the non-machine tool category. Demand for the machine tool category is expected to be high while demand for the non-machine tool is expected to increase in the future.
By class, CNC can be differentiated as a high-end class, middle range, and low-end class. The major focus has been on high-range classes. Market demand for the low range class is expected to increase on a large scale as domestic manufacturers have been seeking to improve their manufacturing competency, while market demand for the middle-range class is expected to increase at a moderate pace.
CNC has been in demand in various regions such as Europe, North America, and the Asia Pacific. Demand for CNC is expected to increase in the Asia Pacific and North American regions. Western Europe is expected to continue as a dominant region.
The CNC market space is dominated by Mitsubishi Electric Corp., Siemens AG, and Fanuc Corp. Other market players are Heidenhain GmbH, GSK CNC EQUIPMENT Co. Ltd., Fagor Automation, Soft Servo Systems, Sieb & Meyer AG, and Bosch Rexroth AG.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
"The quality of research they have done for us has been excellent."
In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.