CNC Controller Market

CNC Controller Market with COVID-19 Impact by Offering (Hardware and Software & Services), Machine Type, Axis Type (2-Axis, 3-Axis, 4-Axis, 5-Axis, and Multi-axis), Sales Channel, Industry, and Region - Global Forecast to 2026

Report Code: SE 5384 Apr, 2021, by marketsandmarkets.com

[195 Pages Report] The global CNC controller market size was valued at USD 2.8 billion in 2021 and is projected to reach USD 3.4 billion by 2026; it is expected to grow at a CAGR of 3.6% from 2021 to 2026. The growth of the CNC controller market is majorly driven by rising adoption of industrial automation in manufacturing industries and increasing demand for mass production across automotive industry.

CNC Controller Market

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COVID-19 impact on the CNC controller market

COVID-19 is an infectious disease caused by the novel coronavirus. Largely unknown before this outbreak across the world, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020.

COVID-19 has impacted almost all the industries across the world by disrupting supply chains and hindering various industrial operations. Most companies have halted their manufacturing activities or have reduced it to the bare minimum. COVID-19-responsive measures undertaken by governments, such as lockdown and social distancing, led to the closure of manufacturing plants in the initial stage of the pandemic. With very few industrial operations allowed, the demand for various input products in the industrial sector has declined significantly. The aforementioned factors seem imperative to affect the market for CNC  controller as very few new CNC machines are expected to be deployed by these industries during the ongoing crisis.

Market Dynamics

Driver: Risen adoption of industrial automation in the global manufacturing industry

The rising importance of real-time data to perform process analysis and predictive maintenance in industrial environments and the growing demand for industrial robots are the key factors that drive the adoption of industrial automation solutions in the global manufacturing industry. Automation offers various advantages, such as superior quality, enhanced uniformity, increased safety, and improved accuracy of manufacturing processes, along with enhanced productivity and minimized operating costs of companies manufacturing parts used in automotive, medical, and aerospace, and defense industries. The market for industrial control and factory automation is expected to witness significant growth in the future owing to the surged adoption of advanced automation systems, such as CNC machines by manufacturers to automate their manufacturing processes.

Restraint: High capital requirements for installation and maintenance of CNC machines

Investments required for purchasing CNC machines are high. This acts as a key restraint for the growth of the CNC controller market globally. Brand-new CNC machines such as lathes and routers cost thousands of dollars, depending on their brand and type. These investments also include shipping costs, installation costs, operating costs, and maintenance costs, which subsequently increase the expenditure of companies deploying CNC machines. CNC machines are heavy and hence, can weigh anywhere from 100 pounds to a few tons. Usually, transportation costs are included in purchase agreements; however, if not, then they may cost thousands of dollars to customers. Moreover, CNC machines can be customized according to the demands and requirements of end users. The requirements of CNC machines differ depending on applications wherein they are to be used. Further, CNC machines require to be upgraded with changes in the manufacturing process and/or products that subsequently incur high costs.

Opportunity: Integration of 3D printing technology with CNC machining

Integration of 3D printing technology with CNC machining is expected to create significant opportunities for the growth of the CNC controller market. Companies operating across different industries are focusing on adopting efficient manufacturing techniques owing to a highly competitive business environment. They are also trying to gain a competitive advantage by redesigning their manufacturing processes. Thus, the key companies in the CNC controller market have combined 3D printing technology with CNC machines to offer hybrid manufacturing solutions to end users. In CNC machines, the main task of CNC controllers is to control the relative motion of machine tools that cut away unwanted materials to manufacture a particular part of the desired geometry. This process is also called subtractive manufacturing. In 3D printing technology, materials are added layer by layer to manufacture parts of desired geometries. Hence, it is called additive manufacturing. Though the additive manufacturing process is different from the subtractive manufacturing process, both of them have certain similar traits. This leads manufacturers to launch integrated solutions based on these processes for developing superior quality products with minimum wastage.

Challenge: Lack of skilled manpower to operate complex CNC machines

The lack of qualified CNC programmers, setup machinists, and machine operators is a key challenge affecting the growth of the CNC controller market. Earlier, the challenge was to make the optimum use of the limited abilities of machines. However, with the advent of CNC technology, this challenge has already been overcome. Presently, the key challenge is the unavailability of skilled manpower for programming, setting up, and operating these machines. CNC machines are capable of performing numerous tasks if programmed accurately. However, improper programming of CNC machines results in manufacturing errors that lead to unnecessary cost burdens on end users.

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 by Region

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CNC controller market in APAC contributed the largest share in 2020.

APAC accounted for the largest share of the CNC controller 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.

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).

The study includes an in-depth competitive analysis of these key players in the CNC controller market with their company profiles, recent developments, and key market strategies.

Report Scope:

Report Metric

Details

Years considered

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD million)

Segments covered

Offering, Machine Type, Axis Type, Sales Channel, Industry, and Region

Regions covered

North America, APAC, Europe, and RoW

Companies covered

FANUC, Siemens, Mitsubishi Electric, DMG MORI, and Haas Automation. A total of 25 players covered.

In this report, the overall CNC controller market has been segmented based on Offering, Machine Type, Axis Type, Sales Channel, Industry, and Region

CNC controller Market, by Offering

  • Hardware
  • Software & Services

CNC controller Market, by Machine Type

  • CNC Machining Center
  • CNC Turning Center

CNC controller Market, by Axis Type

  • 2-Axis
  • 3-Axis
  • 4-Axis
  • 5-Axis
  • Multi-axis

CNC controller Market, by Sales Channel

  • Direct
  • Indirect

CNC Controller Market, by End User

  • Aerospace
  • Automotive
  • Metals & Mining
  • Semiconductor & Electronics
  • Medical Devices
  • Others

Geographic Analysis

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, and Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, and Rest of APAC)
  • Rest of the World (Middle East & Africa and South America)

Recent Developments

  • In October 2020, Siemens introduced the latest software version, NCU-SW 6.14. The company launched three technology packages, particularly for the CNC Sinumerik One. These three packages are One Dynamics Operate, One Dynamics 3-axis milling, and One Dynamics 5-axis milling.
  • In June 2020, Hurco Companies introduced three new models of CNC turning centers with live tooling in the turret. A key reason for developing the TM Mi XP range was to ensure that the driven tool milling runs smoothly and accurately. The machines consist of a servo-controlled C axis and the capability to install driven tools at all turret positions.
  • In May 2019, Okuma Corporation announced an investment agreement with the Wujin National High-Tech Industry Development Zone Management Committee to establish Okuma Machine Tool Co. Ltd. as a machine tool production subsidiary to be established in Changzhou City's Wujin National High-Tech Industrial Development Zone.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 CNC CONTROLLER MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
        FIGURE 2 CNC CONTROLLER: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at the market size through the bottom-up analysis (demand side)
                            FIGURE 3 BOTTOM-UP APPROACH TO ARRIVE AT THE MARKET SIZE
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share through the top-down analysis (supply side)
                            FIGURE 4 TOP-DOWN APPROACH TO ARRIVE AT THE MARKET SIZE
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR CNC CONTROLLER MARKET THROUGH SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS/ RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 42)
  FIGURE 7 CNC CONTROLLER MARKET SIZE, 2017–2026
  TABLE 1 CNC CONTROLLER MARKET, BY VOLUME (MILLION UNITS)
  TABLE 2 CNC CONTROLLER MARKET, BY VALUE, 2017–2020 (USD MILLION)
  TABLE 3 CNC CONTROLLER MARKET, BY VALUE, 2021–2026 (USD MILLION)
  FIGURE 8 CNC CONTROLLER MARKET: POST-COVID-19 SCENARIOS
    3.1 REALISTIC SCENARIO
        TABLE 4 CNC CONTROLLER MARKET, POST-COVID-19 REALISTIC SCENARIO, 2020–2026
    3.2 OPTIMISTIC SCENARIO
        TABLE 5 CNC CONTROLLER MARKET, POST-COVID-19 OPTIMISTIC SCENARIO, 2020–2025
    3.3 PESSIMISTIC SCENARIO
        TABLE 6 CNC CONTROLLER MARKET, POST-COVID-19 PESSIMISTIC SCENARIO, 2020–2025
        FIGURE 9 CNC MACHINING CENTER ESTIMATED TO ACCOUNT FOR THE LARGER MARKET SIZE IN 2021
        FIGURE 10 INDIRECT SALES CHANNEL ESTIMATED TO ACCOUNT FOR THE LARGER SHARE OF THE CNC CONTROLLER MARKET IN 2021
        FIGURE 11 AUTOMOTIVE INDUSTRY TO LEAD THE CNC CONTROLLER MARKET DURING THE FORECAST PERIOD
        FIGURE 12 APAC ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE CNC CONTROLLER MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 APAC TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR THE CNC CONTROLLER MARKET IN THE COMING YEARS
        FIGURE 13 ATTRACTIVE GROWTH OPPORTUNITIES IN THE CNC CONTROLLER MARKET
    4.2 CNC CONTROLLER MARKET, BY OFFERING (2017–2026)
        FIGURE 14 THE SOFTWARE & SERVICES SEGMENT TO GROW AT THE HIGHER CAGR DURING THE FORECAST PERIOD
    4.3 CNC CONTROLLER MARKET, BY AXIS TYPE
        FIGURE 15 THE 3-AXIS SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2020
    4.4 CNC CONTROLLER MARKET, BY INDUSTRY
        FIGURE 16 THE AUTOMOTIVE SEGMENT TO LEAD THE MARKET DURING THE FORECAST PERIOD
    4.5 CNC CONTROLLER MARKET, BY REGION
        FIGURE 17 MEXICO CNC CONTROLLER MARKET TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 18 CNC CONTROLLER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Risen adoption of industrial automation in global manufacturing industry
                    5.2.1.2 Increased demand for mass production of identical parts across automotive industry
                    5.2.1.3 Reduction in operating costs and enhanced production efficiency of manufacturing plants with deployment of CNC machines
                            FIGURE 19 CNC CONTROLLER MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Decline in demand for new CNC machine installations owing to adverse impact of COVID-19 on global manufacturing sector
                    5.2.2.2 High capital requirements for installation and maintenance of CNC machines
                            FIGURE 20 CNC CONTROLLER MARKET: IMPACT ANALYSIS OF RESTRAINTS AND CHALLENGES
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increased retrofitting and reconditioning requirements of CNC controllers
                    5.2.3.2 Integration of 3D printing technology with CNC machining
                            FIGURE 21 CNC CONTROLLER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of skilled manpower to operate complex CNC machines
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 22 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM
        FIGURE 23 ECOSYSTEM
        TABLE 7 CNC CONTROLLER MARKET: ECOSYSTEM
        FIGURE 24 FUTURE REVENUE SHIFT ANALYSIS
    5.5 PORTER’S FIVE FORCES ANALYSIS
        TABLE 8 CNC CONTROLLER MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.6 CASE STUDY ANALYSIS
        TABLE 9 AUTOMATING PROCESS USING CUSTOM CNC SYSTEM
        TABLE 10 DESIGNING EMB-80S ODM INDUSTRIAL MOTHERBOARD FOR CNC MACHINES
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 DIGITAL TWIN
           5.7.2 INDUSTRY 4.0
    5.8 PRICING ANALYSIS
        TABLE 11 PRICING ANALYSIS OF CNC CONTROLLERS
        TABLE 12 PRICING ANALYSIS OF VARIOUS TYPES OF CNC MACHINES
    5.9 TRADE ANALYSIS
           5.9.1 EXPORT SCENARIO
                 FIGURE 25 EXPORTS, BY KEY COUNTRY, 2016−2020 (USD MILLION)
           5.9.2 IMPORTS SCENARIO
                 FIGURE 26 IMPORTS, BY KEY COUNTRY, 2016−2020 (USD MILLION)
                 TABLE 13 IMPORTS, BY REGION, 2016−2020 (USD MILLION)
    5.10 PATENT ANALYSIS
         FIGURE 27 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
         TABLE 14 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
         FIGURE 28 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021
    5.11 REGULATORY LANDSCAPE
           5.11.1 MARKET STANDARDS
                  TABLE 15 MAJOR STANDARDS FOR CNC CONTROLLERS AND CNC MACHINES
           5.11.2 REGULATIONS

6 TYPES OF CNC CONTROLLERS (Page No. - 69)
    6.1 INTRODUCTION
        FIGURE 29 TYPES OF CNC CONTROLLERS
    6.2 TYPES BASED ON INSTALLATION
           6.2.1 NEW CNC CONTROLLERS
                    6.2.1.1 Standard CNC controllers
                    6.2.1.2 Custom-built CNC controllers
           6.2.2 RETROFITTED CNC CONTROLLERS
    6.3 TYPES BASED ON DESIGN
           6.3.1 OPEN-LOOP CNC CONTROLLER
           6.3.2 CLOSED-LOOP CNC CONTROLLER
    6.4 TYPES BASED ON CONSTRUCTION
           6.4.1 MICRO-CONTROLLER-BASED
           6.4.2 MOTION CONTROL CHIP-BASED
           6.4.3 DSP-BASED

7 CNC CONTROLLER MARKET, BY OFFERING (Page No. - 72)
    7.1 INTRODUCTION
        FIGURE 30 CNC CONTROLLER MARKET, BY OFFERING
        FIGURE 31 SOFTWARE & SERVICES SEGMENT TO LEAD THE MARKET DURING THE FORECAST PERIOD
        TABLE 16 CNC CONTROLLER MARKET, BY OFFERING, 2017–2020 (USD MILLION)
        TABLE 17 CNC CONTROLLER MARKET, BY OFFERING, 2021–2026 (USD MILLION)
    7.2 HARDWARE
           7.2.1 HARDWARE PLAYS A CRUCIAL ROLE IN OVERALL CNC CONTROLLER SYSTEMS
    7.3 SOFTWARE & SERVICES
           7.3.1 UPGRADED SOFTWARE SOLUTIONS ENHANCE MANUFACTURING EFFICIENCY AND ACCURACY

8 CNC CONTROLLER MARKET, BY MACHINE TYPE (Page No. - 76)
    8.1 INTRODUCTION
        FIGURE 32 CNC CONTROLLER MARKET, BY MACHINE TYPE
        FIGURE 33 CNC MACHINING CENTER SEGMENT TO ACCOUNT FOR THE HIGHER SHARE OF THE MARKET IN 2021
        TABLE 18 CNC CONTROLLER MARKET, BY MACHINE TYPE, 2017–2020 (USD MILLION)
        TABLE 19 CNC CONTROLLER MARKET, BY MACHINE TYPE, 2021–2026 (USD MILLION)
    8.2 CNC MACHINING CENTER
           8.2.1 EUROPE EXPECTED TO OFFER SIGNIFICANT GROWTH OPPORTUNITIES FOR CNC MACHINING CENTERS IN FUTURE
                 TABLE 20 CNC CONTROLLER MARKET FOR CNC MACHINING CENTER, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 21 CNC CONTROLLER MARKET FOR CNC MACHINING CENTER, BY REGION, 2021–2026 (USD MILLION)
    8.3 CNC TURNING CENTER
           8.3.1 CNC TURNING CENTERS ARE PREFERRED FOR THE MANUFACTURE OF COMPLEX PRODUCTS
                 TABLE 22 CNC CONTROLLER MARKET FOR CNC TURNING CENTER, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 23 CNC CONTROLLER MARKET FOR CNC TURNING CENTER, BY REGION, 2021–2026 (USD MILLION)

9 CNC CONTROLLER MARKET, BY AXIS TYPE (Page No. - 81)
    9.1 INTRODUCTION
        FIGURE 34 CNC CONTROLLER MARKET, BY AXIS TYPE
        FIGURE 35 CNC CONTROLLER MARKET FOR 5-AXIS SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
        TABLE 24 CNC CONTROLLER MARKET, BY AXIS TYPE, 2017–2020 (USD MILLION)
        TABLE 25 CNC CONTROLLER MARKET, BY AXIS TYPE, 2021–2026 (USD MILLION)
    9.2 2-AXIS
           9.2.1 2-AXIS MACHINING SUITABLE FOR OPERATIONS ON THE SAME PLANE
                 TABLE 26 CNC CONTROLLER MARKET FOR 2-AXIS, BY INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 27 CNC CONTROLLER MARKET FOR 2-AXIS, BY INDUSTRY, 2021–2026 (USD MILLION)
    9.3 3-AXIS
           9.3.1 3-AXIS MACHINES ARE MAJORLY USED IN AUTOMOTIVE MANUFACTURING
                 TABLE 28 CNC CONTROLLER MARKET FOR 3-AXIS, BY INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 29 CNC CONTROLLER MARKET FOR 3-AXIS, BY INDUSTRY, 2021–2026 (USD MILLION)
    9.4 4-AXIS
           9.4.1 POTENTIAL GROWTH OPPORTUNITIES FOR 4-AXIS MACHINES IN THE AEROSPACE INDUSTRY
                 TABLE 30 CNC CONTROLLER MARKET FOR 4-AXIS, BY INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 31 CNC CONTROLLER MARKET FOR 4-AXIS, BY INDUSTRY, 2021–2026 (USD MILLION)
    9.5 5-AXIS
           9.5.1 METALS & MINING MAJOR END USER OF 5-AXIS MACHINES
                 TABLE 32 CNC CONTROLLER MARKET FOR 5-AXIS, BY INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 33 CNC CONTROLLER MARKET FOR 5-AXIS, BY INDUSTRY, 2021–2026 (USD MILLION)
    9.6 MULTI-AXIS
           9.6.1 MULTI-AXIS CNC MACHINES ARE BEST SUITED IN MANUFACTURING COMPLEX COMPONENTS
                 TABLE 34 CNC CONTROLLER MARKET FOR MULTI-AXIS, BY INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 35 CNC CONTROLLER MARKET FOR MULTI-AXIS, BY INDUSTRY, 2021–2026 (USD MILLION)

10 CNC CONTROLLER MARKET, BY SALES CHANNEL (Page No. - 90)
     10.1 INTRODUCTION
          FIGURE 36 CNC CONTROLLER MARKET, BY SALES CHANNEL
          FIGURE 37 INDIRECT SALES CHANNEL TO GROW AT HIGHER CAGR FROM 2021 TO 2026
          TABLE 36 CNC CONTROLLER MARKET, BY SALES CHANNEL, 2017–2020 (USD MILLION)
          TABLE 37 CNC CONTROLLER MARKET, BY SALES CHANNEL, 2021–2026 (USD MILLION)
     10.2 DIRECT
             10.2.1 DIRECT SALES CHANNEL HAS A HIGHER DEMAND FROM COMPANIES HAVING LIMITED SALES CHANNELS
                    TABLE 38 CNC CONTROLLER MARKET FOR DIRECT SALES CHANNEL, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 39 CNC CONTROLLER MARKET FOR DIRECT SALES CHANNEL, BY INDUSTRY, 2021–2026 (USD MILLION)
     10.3 INDIRECT
             10.3.1 INDIRECT SALES CHANNELS ARE MAJORLY PREFERRED FOR THE PROCUREMENT OF CNC CONTROLLERS
                    TABLE 40 CNC CONTROLLER MARKET FOR INDIRECT SALES CHANNEL, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 41 CNC CONTROLLER MARKET FOR INDIRECT SALES CHANNEL, BY INDUSTRY, 2021–2026 (USD MILLION)

11 CNC CONTROLLER MARKET, BY INDUSTRY (Page No. - 95)
     11.1 INTRODUCTION
          FIGURE 38 CNC CONTROLLER MARKET, BY INDUSTRY
          FIGURE 39 AUTOMOTIVE INDUSTRY TO LEAD THE MARKET DURING THE FORECAST PERIOD
          TABLE 42 CNC CONTROLLER MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 43 CNC CONTROLLER MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
     11.2 AEROSPACE
             11.2.1 CRITICAL COMPONENTS REQUIRE CNC MACHINES FOR PRECISE MANUFACTURING
                    TABLE 44 CNC CONTROLLER MARKET FOR AEROSPACE, BY AXIS TYPE, 2017–2020 (USD MILLION)
                    TABLE 45 CNC CONTROLLER MARKET FOR AEROSPACE, BY AXIS TYPE, 2021–2026 (USD MILLION)
                    TABLE 46 CNC CONTROLLER MARKET FOR AEROSPACE, BY SALES CHANNEL, 2017–2020 (USD MILLION)
                    TABLE 47 CNC CONTROLLER MARKET FOR AEROSPACE, BY SALES CHANNEL, 2021–2026 (USD MILLION)
                    TABLE 48 CNC CONTROLLER MARKET FOR AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 49 CNC CONTROLLER MARKET FOR AEROSPACE, BY REGION, 2021–2026 (USD MILLION)
     11.3 AUTOMOTIVE
             11.3.1 RISING DEMAND FOR MASS PRODUCTION IN THE AUTOMOTIVE INDUSTRY TO LEAD TO THE ADOPTION OF CNC MACHINES
                    FIGURE 40 APAC TO DOMINATE THE MARKET IN THE AUTOMOTIVE INDUSTRY DURING THE FORECAST PERIOD
                    TABLE 50 CNC CONTROLLER MARKET FOR AUTOMOTIVE, BY AXIS TYPE, 2017–2020 (USD MILLION)
                    TABLE 51 CNC CONTROLLER MARKET FOR AUTOMOTIVE, BY AXIS TYPE, 2021–2026 (USD MILLION)
                    TABLE 52 CNC CONTROLLER MARKET FOR AUTOMOTIVE, BY SALES CHANNEL, 2017–2020 (USD MILLION)
                    TABLE 53 CNC CONTROLLER MARKET FOR AUTOMOTIVE, BY SALES CHANNEL, 2021–2026 (USD MILLION)
                    TABLE 54 CNC CONTROLLER MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 55 CNC CONTROLLER MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
     11.4 MEDICAL DEVICES
             11.4.1 NORTH AMERICA DOMINATES THE MARKET FOR MEDICAL DEVICES
                    TABLE 56 CNC CONTROLLER MARKET FOR MEDICAL DEVICES, BY AXIS TYPE, 2017–2020 (USD MILLION)
                    TABLE 57 CNC CONTROLLER MARKET FOR MEDICAL DEVICES, BY AXIS TYPE, 2021–2026 (USD MILLION)
                    TABLE 58 CNC CONTROLLER MARKET FOR MEDICAL DEVICES, BY SALES CHANNEL, 2017–2020 (USD MILLION)
                    TABLE 59 CNC CONTROLLER MARKET FOR MEDICAL DEVICES, BY SALES CHANNEL, 2021–2026 (USD MILLION)
                    TABLE 60 CNC CONTROLLER MARKET FOR MEDICAL DEVICES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 61 CNC CONTROLLER MARKET FOR MEDICAL DEVICES, BY REGION, 2021–2026 (USD MILLION)
     11.5 METALS & MINING
             11.5.1 RISING DEMAND FOR FABRICATED METAL PARTS TO LEAD TO MARKET GROWTH
                    FIGURE 41 APAC ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET FOR THE METALS & MINING INDUSTRY IN 2021
                    TABLE 62 CNC CONTROLLER MARKET FOR METALS & MINING, BY AXIS TYPE, 2017–2020 (USD MILLION)
                    TABLE 63 CNC CONTROLLER MARKET FOR METALS & MINING, BY AXIS TYPE, 2021–2026 (USD MILLION)
                    TABLE 64 CNC CONTROLLER MARKET FOR METALS & MINING, BY SALES CHANNEL, 2017–2020 (USD MILLION)
                    TABLE 65 CNC CONTROLLER MARKET FOR METALS & MINING, BY SALES CHANNEL, 2021–2026 (USD MILLION)
                    TABLE 66 CNC CONTROLLER MARKET FOR METALS & MINING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 67 CNC CONTROLLER MARKET FOR METALS & MINING, BY REGION, 2021–2026 (USD MILLION)
     11.6 SEMICONDUCTOR & ELECTRONICS
             11.6.1 ADOPTION OF CNC MACHINES IN SEMICONDUCTOR & ELECTRONICS NEGATIVELY IMPACTED DUE TO COVID-19
                    TABLE 68 CNC CONTROLLER MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY AXIS TYPE, 2017–2020 (USD MILLION)
                    TABLE 69 CNC CONTROLLER MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY AXIS TYPE, 2021–2026 (USD MILLION)
                    TABLE 70 CNC CONTROLLER MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY SALES CHANNEL, 2017–2020 (USD MILLION)
                    TABLE 71 CNC CONTROLLER MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY SALES CHANNEL, 2021–2026 (USD MILLION)
                    TABLE 72 CNC CONTROLLER MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 73 CNC CONTROLLER MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
     11.7 OTHERS
          TABLE 74 CNC CONTROLLER MARKET FOR OTHERS, BY AXIS TYPE, 2017–2020 (USD MILLION)
          TABLE 75 CNC CONTROLLER MARKET FOR OTHERS, BY AXIS TYPE, 2021–2026 (USD MILLION)
          TABLE 76 CNC CONTROLLER MARKET FOR OTHERS, BY SALES CHANNEL, 2017–2020 (USD MILLION)
          TABLE 77 CNC CONTROLLER MARKET FOR OTHERS, BY SALES CHANNEL, 2021–2026 (USD MILLION)
          TABLE 78 CNC CONTROLLER MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
          TABLE 79 CNC CONTROLLER MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 112)
     12.1 INTRODUCTION
          FIGURE 42 GEOGRAPHIC SNAPSHOT: GLOBAL CNC CONTROLLER MARKET
          TABLE 80 CNC CONTROLLER MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 81 CNC CONTROLLER MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 43 NORTH AMERICA: MARKET SNAPSHOT
          TABLE 82 CNC CONTROLLER MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 83 CNC CONTROLLER MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 84 CNC CONTROLLER MARKET IN NORTH AMERICA, BY MACHINE TYPE, 2017–2020 (USD MILLION)
          TABLE 85 CNC CONTROLLER MARKET IN NORTH AMERICA, BY MACHINE TYPE, 2021–2026 (USD MILLION)
          TABLE 86 CNC CONTROLLER MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 87 CNC CONTROLLER MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (USD MILLION)
             12.2.1 US
                        12.2.1.1 COVID-19 could hinder market growth in the US
             12.2.2 CANADA
                        12.2.2.1 Potential opportunities for market growth in Canada owing to the booming manufacturing sector
             12.2.3 MEXICO
                        12.2.3.1 Automotive industry to support growth of Mexican CNC controller market
     12.3 EUROPE
          FIGURE 44 EUROPE: MARKET SNAPSHOT
          TABLE 88 CNC CONTROLLER MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 89 CNC CONTROLLER MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 90 CNC CONTROLLER MARKET IN EUROPE, BY MACHINE TYPE, 2017–2020 (USD MILLION)
          TABLE 91 CNC CONTROLLER MARKET IN EUROPE, BY MACHINE TYPE, 2021–2026 (USD MILLION)
          TABLE 92 CNC CONTROLLER MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 93 CNC CONTROLLER MARKET IN EUROPE, BY INDUSTRY, 2021–2026 (USD MILLION)
             12.3.1 UK
                        12.3.1.1 Rising demand for electric vehicles to accelerate market growth in the UK
             12.3.2 GERMANY
                        12.3.2.1 Automotive industry accounts for the significant growth of the market in Germany
             12.3.3 FRANCE
                        12.3.3.1 Increasing use of automation solutions to fuel growth of market in France
             12.3.4 REST OF EUROPE
     12.4 APAC
          FIGURE 45 APAC: MARKET SNAPSHOT
          TABLE 94 CONTROLLER MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 95 CNC CONTROLLER MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 96 CNC CONTROLLER MARKET IN APAC, BY MACHINE TYPE, 2017–2020 (USD MILLION)
          TABLE 97 CNC CONTROLLER MARKET IN APAC, BY MACHINE TYPE, 2021–2026 (USD MILLION)
          TABLE 98 CNC CONTROLLER MARKET IN APAC, BY INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 99 CNC CONTROLLER MARKET IN APAC, BY INDUSTRY, 2021–2026 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 CNC controller market in China negatively affected due to the COVID-19 pandemic
             12.4.2 JAPAN
                        12.4.2.1 Continuing developments in the manufacturing sector to support market growth
             12.4.3 SOUTH KOREA
                        12.4.3.1 Semiconductor & electronics major end user industry in South Korea
             12.4.4 REST OF APAC
     12.5 ROW
          TABLE 100 CONTROLLER MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 101 CNC CONTROLLER MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
          TABLE 102 CNC CONTROLLER MARKET IN ROW, BY MACHINE TYPE, 2017–2020 (USD MILLION)
          TABLE 103 CNC CONTROLLER MARKET IN ROW, BY MACHINE TYPE, 2021–2026 (USD MILLION)
          TABLE 104 CNC CONTROLLER MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 105 CNC CONTROLLER MARKET IN ROW, BY INDUSTRY, 2021–2026 (USD MILLION)
             12.5.1 SOUTH AMERICA
                        12.5.1.1 Increasing investments in South America to support market growth
             12.5.2 MIDDLE EAST & AFRICA
                        12.5.2.1 Middle East & Africa offers limited opportunities for market growth

13 COMPETITIVE LANDSCAPE (Page No. - 130)
     13.1 OVERVIEW
     13.2 REVENUE ANALYSIS OF THE TOP THREE COMPANIES
          FIGURE 46 FIVE-YEAR REVENUE ANALYSIS OF THE TOP THREE PLAYERS IN THE CNC CONTROLLER MARKET
     13.3 MARKET SHARE ANALYSIS (2020)
          TABLE 106 CNC CONTROLLER MARKET: MARKET SHARE ANALYSIS (2020)
     13.4 COMPANY EVALUATION QUADRANT, 2020
             13.4.1 STAR
             13.4.2 PERVASIVE
             13.4.3 EMERGING LEADER
             13.4.4 PARTICIPANT
                    FIGURE 47 CNC CONTROLLER MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     13.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2020
             13.5.1 PROGRESSIVE COMPANY
             13.5.2 RESPONSIVE COMPANY
             13.5.3 DYNAMIC COMPANY
             13.5.4 STARTING BLOCK
                    FIGURE 48 CNC CONTROLLER MARKET (GLOBAL) SME EVALUATION QUADRANT, 2020
     13.6 CNC CONTROLLER MARKET: PRODUCT FOOTPRINT
          TABLE 107 COMPANY PRODUCT FOOTPRINT
          TABLE 108 COMPANY INDUSTRY FOOTPRINT
          TABLE 109 COMPANY OFFERING TYPE FOOTPRINT
          TABLE 110 COMPANY REGION FOOTPRINT
     13.7 COMPETITIVE SCENARIO
          TABLE 111 CNC CONTROLLER MARKET: PRODUCT LAUNCHES AND PRODUCT DEVELOPMENTS, JANUARY 2019−DECEMBER 2020
          TABLE 112 CNC CONTROLLER MARKET: OTHERS, JANUARY 2019−DECEMBER 2020

14 COMPANY PROFILES (Page No. - 142)
     14.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View)*
             14.1.1 FANUC CORPORATION
                    TABLE 113 FANUC: BUSINESS OVERVIEW
                    FIGURE 49 FANUC CORPORATION: COMPANY SNAPSHOT
             14.1.2 SIEMENS
                    TABLE 114 SIEMENS: BUSINESS OVERVIEW
                    FIGURE 50 SIEMENS AG: COMPANY SNAPSHOT
             14.1.3 MITSUBISHI ELECTRIC
                    TABLE 115 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
                    FIGURE 51 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
             14.1.4 DMG MORI
                    TABLE 116 DMG MORI: BUSINESS OVERVIEW
                    FIGURE 52 DMG MORI: COMPANY SNAPSHOT
             14.1.5 HAAS AUTOMATION
                    TABLE 117 HAAS AUTOMATION: BUSINESS OVERVIEW
             14.1.6 HURCO COMPANIES
                    TABLE 118 HURCO COMPANIES: BUSINESS OVERVIEW
                    FIGURE 53 HURCO COMPANIES: COMPANY SNAPSHOT
             14.1.7 OKUMA
                    TABLE 119 OKUMA: BUSINESS OVERVIEW
                    FIGURE 54 OKUMA: COMPANY SNAPSHOT
             14.1.8 BOSCH REXROTH
                    TABLE 120 BOSCH REXROTH: BUSINESS OVERVIEW
             14.1.9 FAGOR AUTOMATION
                    TABLE 121 FAGOR AUTOMATION: BUSINESS OVERVIEW
             14.1.10 YAMAZAKI MAZAK
                    TABLE 122 YAMAZAKI MAZAK: BUSINESS OVERVIEW
*Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS
             14.2.1 MACHINE TOOL TECHNOLOGIES (MTT)
             14.2.2 WUHAN HUAZHONG NUMERICAL CONTROL
             14.2.3 NUM
             14.2.4 LINCOLN ELECTRIC
             14.2.5 POWERMATIC TOOLS
             14.2.6 HEIDENHAIN
             14.2.7 CENTROID
             14.2.8 GLOBAL MACHINES
             14.2.9 BUILDBOTICS
             14.2.10 TORMACH
             14.2.11 CNC MASTERS
             14.2.12 AVID CNC
             14.2.13 ADTECH CNC EUROPE
             14.2.14 LUNA BEARINGS
             14.2.15 ZEN AUTOMATION

15 ADJACENT AND RELATED MARKETS (Page No. - 170)
     15.1 MOTION CONTROLLER MARKET
     15.2 INTRODUCTION
          FIGURE 55 MOTION CONTROL MARKET SEGMENTATION, BY COMPONENT
          FIGURE 56 MOTORS SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF THE MOTION CONTROL MARKET BETWEEN 2020 AND 2025
          TABLE 123 MOTION CONTROL MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
          TABLE 124 MOTION CONTROL MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
     15.3 ACTUATORS & MECHANICAL SYSTEMS
             15.3.1 HIGH ADOPTION OF ACTUATORS FOR PRECISION CONTROL
                    FIGURE 57 AUTOMOTIVE INDUSTRY TO EXHIBIT HIGH GROWTH IN ACTUATORS & MECHANICAL SYSTEMS MARKET DURING THE FORECAST PERIOD
                    TABLE 125 MOTION CONTROL MARKET FOR ACTUATORS AND MECHANICAL SYSTEMS, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 126 MOTION CONTROL MARKET FOR ACTUATORS AND MECHANICAL SYSTEMS, BY INDUSTRY, 2020–2025 (USD MILLION)
                    TABLE 127 MOTION CONTROL MARKET FOR ACTUATORS AND MECHANICAL SYSTEMS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 128 MOTION CONTROL MARKET FOR ACTUATORS AND MECHANICAL SYSTEMS, BY REGION, 2020–2025 (USD MILLION)
     15.4 DRIVES
             15.4.1 RISING ADOPTION OF DRIVES TO INCREASE PRODUCTIVITY OF MACHINES
                    TABLE 129 MOTION CONTROL MARKET FOR AC DRIVES, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 130 MOTION CONTROL MARKET FOR AC DRIVES, BY INDUSTRY, 2020–2025 (USD MILLION)
                    TABLE 131 MOTION CONTROL MARKET FOR AC DRIVES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 132 MOTION CONTROL MARKET FOR AC DRIVES, BY REGION, 2020–2025 (USD MILLION)
     15.5 MOTORS
          FIGURE 58 AUTOMOTIVE MANUFACTURING INDUSTRY TO DOMINATE MOTION CONTROL MARKET FOR MOTORS BETWEEN 2020 AND 2025
          TABLE 133 MOTION CONTROL MARKET FOR MOTORS, BY MOTOR TYPE, 2016–2019 (USD MILLION)
          TABLE 134 MOTION CONTROL MARKET FOR MOTORS, BY MOTOR TYPE, 2020–2025 (USD MILLION)
          TABLE 135 MOTION CONTROL MARKET FOR MOTORS, BY SHIPMENT, 2016–2019 (UNIT MILLION)
          TABLE 136 MOTION CONTROL MARKET FOR MOTORS, BY SHIPMENT, 2020–2025 (UNIT MILLION)
          TABLE 137 MOTION CONTROL MARKET FOR MOTORS, BY INDUSTRY, 2016–2019 (USD MILLION)
          TABLE 138 MOTION CONTROL MARKET FOR MOTORS, BY INDUSTRY, 2020–2025 (USD MILLION)
          TABLE 139 MOTION CONTROL MARKET FOR MOTORS, BY REGION, 2016–2019 (USD MILLION)
          TABLE 140 MOTION CONTROL MARKET FOR MOTORS, BY REGION, 2020–2025 (USD MILLION)
             15.5.1 SERVO MOTORS
                        15.5.1.1 Use of servo motors helps in error detection due to feedback system
             15.5.2 STEPPER MOTORS
                        15.5.2.1 Growing adoption of stepper motors in medical devices as they are cost-effective
     15.6 MOTION CONTROLLERS
             15.6.1 HIGH ACCURACY HAS INCREASED ADOPTION OF MOTION CONTROLLERS
                    TABLE 141 MOTION CONTROL MARKET FOR MOTION CONTROLLERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 142 MOTION CONTROL MARKET FOR MOTION CONTROLLERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                    TABLE 143 MOTION CONTROL MARKET FOR MOTION CONTROLLERS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 144 MOTION CONTROL MARKET FOR MOTION CONTROLLERS, BY REGION, 2020–2025 (USD MILLION)
     15.7 SENSORS AND FEEDBACK DEVICES
             15.7.1 INTEGRATION OF SENSORS AND FEEDBACK DEVICES IN MACHINES FOR ERROR DETECTION
                    TABLE 145 MOTION CONTROL MARKET FOR SENSORS AND FEEDBACK DEVICES, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 146 MOTION CONTROL MARKET FOR SENSORS AND FEEDBACK DEVICES, BY INDUSTRY, 2020–2025 (USD MILLION)
                    TABLE 147 MOTION CONTROL MARKET FOR SENSORS AND FEEDBACK DEVICES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 148 MOTION CONTROL MARKET FOR SENSORS AND FEEDBACK DEVICES, BY REGION, 2020–2025 (USD MILLION)
     15.8 SOFTWARE & SERVICES
             15.8.1 SOFTWARE TO HELP AUTOMATE VARIOUS TASKS INVOLVED IN RUNNING AND MONITORING OF DEVICES
                    TABLE 149 MOTION CONTROL MARKET FOR SOFTWARE & SERVICES COMPONENTS, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 150 MOTION CONTROL MARKET FOR SOFTWARE & SERVICES COMPONENTS, BY INDUSTRY, 2020–2025 (USD MILLION)
                    TABLE 151 MOTION CONTROL MARKET FOR SOFTWARE & SERVICES COMPONENTS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 152 MOTION CONTROL MARKET FOR SOFTWARE & SERVICES COMPONENTS, BY REGION, 2020–2025 (USD MILLION)

16 APPENDIX (Page No. - 188)
     16.1 INSIGHTS OF INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involves four major activities for estimating the size of the CNC controllermarket. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the CNC controller market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources referred to in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size estimations, which have been further validated by primary research.

Primary Research

In the primary research process, a number of primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information pertaining to this report. Several primary interviews have been conducted with market experts from both demand and supply sides (CNC controller manufacturers and distributors). This primary data has been collected through questionnaires, emails, and telephonic interviews. Approximately 20% of the primary interviews have been conducted with the demand side and 80% with the supply side. This primary data has been collected mainly through telephonic interviews, which accounted for 70% of the total primary interviews. Additionally, questionnaires and emails were used to collect the data.

CNC Controller Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the CNC controller market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To define, describe, and forecast the size of the CNC controller market based on offering, machine type, axis type, sales channel, industry, and region in terms of value
  • To forecast the market size, in terms of value, for various segments with respect to four main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To study and analyze the influence of COVID-19 on the market during the forecast period
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2, and provide a detailed competitive landscape for market leaders
  • To analyze various development strategies such as product launches, developments, and expansions implemented by key market players
  • To benchmark players within the market using the proprietary Competitive Leadership Mapping framework which analyzes market players on various parameters within the broad categories of business and product strategies and their market shares

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Detailed analysis and profiles of additional market players (Up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the CNC Controller Market

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