CNC Controller Global Market Report 2024

The cnc controller market size has grown strongly in recent years. It will grow from $2.82 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to several factors. These include an increased demand within the aerospace and defense sectors, rising demand in automotive manufacturing, heightened manufacturing complexity, the integration of industrial automation, and the achieved cost reductions associated with CNC (Computer Numerical Control) technology.

The cnc controller market size is expected to see strong growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be linked to several key factors. These encompass the increasing prominence of computer-aided design (CAD) software, trends toward miniaturization and micro-machining, widespread adoption of 5-axis and multi-axis machining methodologies, considerations for energy efficiency, and the expanding utilization of CNC (Computer Numerical Control) technology within medical device manufacturing. Key trends expected in the forecast period involve advancements in CNC technology, integration of augmented reality (AR) and virtual reality (VR), the application of machine learning for adaptive machining, implementation of digital twin technology, AI-driven quality control measures, and a growing focus on sustainable machining practices.

The anticipated surge in the utilization of industrial automation is poised to be a key driver for the CNC controller market's growth in the coming years. Industrial automation, employing advanced technologies and control systems, seeks to automate various industrial processes. CNC controllers, playing a pivotal role in industrial automation, are instrumental in precise control and coordination of movements in manufacturing processes. This includes tasks such as machining operations, product prototyping, production, tooling and workpiece management, and automation integration. Notably, as of February 2022, the International Federation of Robotics reported a 6% increase in the presence of 23,000 industrial robots in UK factories compared to the previous year, underscoring the rising trend of industrial automation and its positive impact on the CNC controller market.

The burgeoning manufacturing sector is poised to be a significant catalyst for the growth of the CNC controller market. The manufacturing sector, a vital component of the economy involved in the production of goods, relies on various tools, equipment, labor, and machines. CNC controllers are integral to this sector, providing precise control over the movement and operation of machine tools, leading to enhanced accuracy, efficiency, and productivity. In July 2023, Eurostat, the Luxembourg-based government statistical agency, reported a 0.2% increase in industrial output in the European area, with a corresponding 0.1% increase in the European Union between May and April 2023. This data underscores the pivotal role of the growing manufacturing sector in propelling the expansion of the CNC controller market.

A prominent trend driving the CNC controller market is the emphasis on product innovation by major industry players. Companies in the CNC controller market are actively developing cutting-edge products to maintain their competitive positions. A noteworthy example is Mitsubishi Electric India Pvt. Ltd., an India-based electrical and electronic equipment company, which introduced the M800V and M80V CNC controllers in September 2022. These innovative controllers feature a high-performance processor, increased memory, a high-resolution touchscreen display, a 3D simulation function for visualizing machining processes, and a wireless LAN connection for remote monitoring and control. Additionally, the controllers incorporate energy-saving features such as a sleep mode that automatically turns off the engine during periods of inactivity.

Key players in the CNC controller market are strategically focusing on the introduction of advanced next-generation solutions to enhance precision simulation and gain a competitive edge. These next-generation CNC controller solutions represent the latest in CNC machine control systems, featuring state-of-the-art technologies such as improved hardware and software integration, enhanced precision, increased productivity, and compliance with Industry 4.0 standards. As an illustration, Okuma Corporation, a Japan-based machine tool builder, launched the OSP-P500 CNC system in July 2023. This system combines high productivity and precision with user-friendly operation, energy efficiency, and cybersecurity features. With twice the processing capability of traditional controllers, the OSP-P500 can reduce cycle times by up to 15%, particularly effective in high-speed machining operations. The inclusion of an on-machine Digital Twin enables high-precision simulation of machining operations, reducing setup times and boosting production rates.

In March 2023, Unibloc Hygienic Technologies, a pumps and pumping equipment manufacturer based in the United States, successfully acquired Metaltech Precision Engineers Limited. The specific financial details of the acquisition were not disclosed. This strategic move by Unibloc Hygienic Technologies is aimed at broadening its manufacturing capacities and enhancing its ability to cater to the increasing demand for hygienic flow control products. Metaltech Precision Engineers Limited, based in the United Kingdom, is recognized for its proficiency in developing CNC controllers and providing CNC machining services.

Major companies operating in the cnc controller market report are Mitsubishi Electric Corporation, Siemens AG, GSK CNC equipment Co. Ltd., Batliboi Ltd., Bosch Rexroth AG, Fanuc Corporation, Hyundai Wia Corporation, DMG MORI Co. Ltd., Amada Co.Ltd., Okuma Corporation, Haas Automation Inc., Xometry, Hurco Companies Inc., Wuhan Huazhong Numerical Control Co. Ltd., Heidenhain Corporation, Leadshine America Inc., Tormach Europe Ltd., FlashCut CNC, Automation Technologies Inc., Techno CNC Systems LLC, CENTROID Corporation, MicroKinetics Corporation, CNC Automation Inc., Galil Motion Control Inc., Mesa Electronics Inc., Yug Machine Tools, CNC Masters Inc., Sober Antriebstechnik GmbH & Co. KG.

Asia-Pacific was the largest region in the CNC controller market in 2023. The regions covered in the cnc controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cnc controller market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

CNC controllers come in various types of products, including DSP-based, motion control chip-based, microcontroller-based systems, and other variations. DSP-based controllers revolve around a digital signal processor (DSP) as their primary processing unit and typically consist of hardware, software, and associated service components. CNC machines can take different forms, such as CNC turning centers and CNC machining centers, equipped with multiple axes configurations such as 2-axis, 3-axis, 4-axis, 5-axis, and multiaxis setups. These machines cater to diverse industries including aerospace, automotive, metals and mining, semiconductors and electronics, medical devices, among others, meeting the specific needs of various end-users.

The CNC controller market research report is one of a series of new reports that provides CNC controller market statistics, including CNC controller industry global market size, regional shares, competitors with a CNC controller market share, detailed CNC controller market segments, market trends, and opportunities, and any further data you may need to thrive in the CNC controller industry. This CNC controller market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The CNC controller market consists of revenues earned by entities by providing software systems such as contouring systems, open-loop systems, and two-and-half-axis control systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The CNC controller market also includes sales of stand-alone CNC controllers, CNC operator panels, CNC controller units, machine tools, milling machines, and router machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.