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NEW YORK, Nov. 5, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global computer numerical control solutions market size is estimated to grow by USD 9.24 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.9% during the forecast period. Increased use of servo-based systems in industries is driving market growth, with a trend towards application of artificial intelligence and system integration in CNC solutions. However, growing second-hand machine sector poses a challenge.Key market players include Delta Electronics Inc., DMG MORI Co. Ltd., FANUC Corp., Haas Automation Inc., HEIDENHAIN, Hurco Companies Inc., KEBA Group AG, Makino Milling Machine Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Minitech Machinery Corp., Mitsubishi Electric Corp., MONDRAGON Corp., NUM AG, Okuma Corp, Robert Bosch GmbH, Rockwell Automation Inc., Sandvik AB, SIEB and MEYER AG, Siemens AG, and Yaskawa Electric Corp..
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Computer Numerical Control Solutions Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 – 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
Market growth 2024-2028 |
USD 9240.2 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.4 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key countries |
China, US, Germany, Japan, and South Korea |
Key companies profiled |
Delta Electronics Inc., DMG MORI Co. Ltd., FANUC Corp., Haas Automation Inc., HEIDENHAIN, Hurco Companies Inc., KEBA Group AG, Makino Milling Machine Co. Ltd., Micromatic Machine Tools Pvt. Ltd., Minitech Machinery Corp., Mitsubishi Electric Corp., MONDRAGON Corp., NUM AG, Okuma Corp, Robert Bosch GmbH, Rockwell Automation Inc., Sandvik AB, SIEB and MEYER AG, Siemens AG, and Yaskawa Electric Corp. |
Market Driver
Modern Computer Numerical Control (CNC) systems incorporate advanced software for functions such as position, velocity, and acceleration control. Artificial Intelligence (AI) is a key component of these systems, enabling machines to make decisions autonomously, based on data from sensors and measurement equipment. The ability of computers to collect, process, and analyze vast amounts of data has become essential in manufacturing. CNC systems can utilize this data for predictive maintenance, process optimization, and tool selection. Siemens AG’s expansion of its Sinumerik One platform with the new NCU 1740 and PPU 1740, enabling robotic applications, underscores the growing importance of AI in CNC solutions. This development is expected to fuel market growth during the forecast period.
The Computer Numerical Control (CNC) solutions market is experiencing significant growth, driven by trends in 3D and 2D Cams, automated control, and advanced software capabilities. Microcomputers have replaced old hardware, leading to increased precision in machining complex parts for industries like aerospace and defense, automobile, and healthcare. CNC solutions are being integrated with Additive Manufacturing, Machine Learning (ML), and Big Data Solutions to optimize production. Key machinery types include Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, and Welding Machines. Automated manufacturing, including winding machines, is a major trend. Precise machining is crucial for industries requiring high-quality components. Numerical data input, cutting tools, and real-time monitoring are essential features. CNC solutions are transforming industries through Industry 4.0, IoT, and Cybersecurity. Skilled operators are still needed, but AI and advanced software capabilities are enhancing productivity. Energy consumption is a concern, and CNC providers are focusing on energy-efficient solutions. CAD integration and automation are also important.
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Market Challenges
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Segment Overview
This computer numerical control solutions market report extensively covers market segmentation by
1.1 Servo drives- Servo drives play a crucial role in enhancing the efficiency and productivity of Computer Numerical Control (CNC) systems. By receiving input from the control system and transmitting output through servo motors, these drives enable smooth motion of machine parts to execute desired tasks. Energy efficiency is a significant advantage, as servo drives decrease overall energy consumption in CNC machines. The global market for computer numerical control solutions is driven by the increasing demand for servo drive replacements in various industries. Technological advancements, such as multi-axis servo drives, offer direct side-mounting in CNC systems, making them a preferred choice over single-axis systems. This shift towards multi-axis drive systems is expected to boost the adoption of servo drives in the computer numerical control solutions market during the forecast period.
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Research Analysis
The Computer Numerical Control (CNC) solutions market encompasses automated manufacturing systems that utilize precise machining techniques with the help of CNC lathes and milling machines. These advanced technologies enable the numerical data input to control cutting tools for producing high-precision parts with consistency and productivity. The market caters to various industries, including medical, aerospace, and electronics, where precision and advanced capabilities are essential. CNC solutions offer multi-axis capabilities, spindle speeds, and advanced tooling options, enabling the production of complex parts. Real-time monitoring systems ensure optimal performance, while artificial intelligence and advanced software capabilities enhance automation and efficiency. Virtual reality and operators’ control further streamline the manufacturing process. Three-dimensional (3D) and two-dimensional (2D) Cams enable the creation of intricate designs. Automated control, microcomputers, and energy consumption are other critical aspects of the CNC solutions market.
Market Research Overview
The Computer Numerical Control (CNC) solutions market encompasses automated manufacturing systems that utilize precise machining through the use of numerical data input. These solutions include milling machines, cutting tools, and advanced software capabilities for real-time monitoring, Industry 4.0, and the Internet of Things (IoT). CNC systems offer multi-axis capabilities, spindle speeds, and advanced tooling options for industries such as aerospace, electronics, medical, and automotive. Precision, consistency, and productivity are key benefits, with automation and artificial intelligence (AI) enabling adaptive machining and data-driven optimizations. The market also faces challenges like semiconductor shortages, the rise of used CNC machines, and cybersecurity concerns. Emerging trends include electric vehicles (EV), medical devices, telecom communication devices, and the integration of simulation software, cloud computing, and industrial robots. CNC systems are essential for manufacturing complex parts in various industries, from CAD and additive manufacturing to turbines, wind farms, and six-axis machining. Machine learning (ML) and big data solutions are also transforming the market, enabling virtual reality, operators control, and three-dimensional (3D) and two-dimensional (2D) cams for automated control. Energy consumption remains a concern, with microcomputers and advanced software optimizing processes to reduce waste and improve efficiency.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
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