Pune, India -- (SBWIRE) -- 02/09/2018 -- The Global CNC Controller Market accounted to USD 2.77 billion in 2016 growing at a CAGR of 4.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global CNC Controller Market

The Computer numerical control (CNC) controller is the brain of a CNC system. The controller receives conditioned signals from a computer and interprets those signals into mechanical motion through motor output. The CNC controller consists of the components power supply unit, circuitry protection system, motor driver, and among others. The current trends in the market are increase in the adoption of automation in manufacturing sector and are also help in the reduction of operating cost and also provide efficiency to the system. Furthermore the by integrating these system with different other system will provide the greater efficiency.

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Major Market Drivers and Restraints:

- Adoption of Industrial Automation in Manufacturing Sector
- Ability to Reduce Operating Cost and Enhance Production Efficiency
- Demand for Mass Production
- High Investment Cost Required for Implementation of CNC Machines
- Integration of 3d Printing Technology With CNC Machines

Market Segmentation: Global CNC Controller Market

On the basis of hardware the CNC Controller Market is segmented into CNC Machines, CNC Products. The CNC products market is expected to grow in the forecasted period. The CNC products are further sub segmented into input devices, machine control unit or controller, driving system and feedback devices.

On the basis of software & services the CNC Controller Market is segmented into Software and Service. The software market is expected to grow in the forecasted period.

On the basis of axis the CNC Controller Market is segmented into 2-Axis CNC Machine, 3-Axis CNC Machine,4- Axis CNC Machine, 5-Axis CNC Machine, Multiaxis CNC Machine. The Multiaxis market is expected to grow in the forecasted period.

On the basis of machine type the CNC Controller Market is segmented into CNC machining center and CNC turning center. The CNC machine center market is expected to grow in the forecasted period.

On the basis of installation type the CNC Controller Market is segmented into new, retrofitted and used. The new market is expected to grow in the forecasted period. The new is further sub segmented into standard and custom-built.

On the basis of geography, CNC Controller Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global CNC Controller Market

CNC Controller Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: Global CNC Controller Market

Some of the major players operating in CNC Controller Market are Fanuc Corporation, Siemens AG, Mitsubishi Electric Corporation, DMG Mori Co., Ltd., Hurco Companies, Inc., Okuma Corporation, Wuhan Huazhong Numerical Control Co. Ltd., Bosch Rexroth AG, Fagor Automation, Haas Automation, Inc., Yamazaki Mazak Corporation, Machine Tool Technologies Ltd (MTT), Simplex, Xometry, YUG Machine Tools among others. In 2017, Fanuc corporation has introduced its new R-30iB Plus robot controller, designed to simplify the use of robots and automation in manufacturing.

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