Factors driving the growth of the CNC Controller include increase in the
adoption of industrial automation in the manufacturing sector, ability
to reduce operating cost, and rising demand for mass production across
CNC machining center is expected to hold the largest share of the overall controller market in 2017. They are used for a wide range of applications. Machining processes such as milling, drilling, tapping, and boring, which were traditionally done on conventional machine tools, can be done more efficiently with the help of CNC machining centers. Further, it help in continuous production work, owing to which they hold a major share of the overall controller market.
CNC controllers play a key role in the development and production of quality automobile components. Innovations in the assembly line methods are welcomed by vehicle manufacturers to enhance quality and increase factory productivity. Furthermore, increasing need for safety and reliability in the aerospace and defense industry has encouraged manufacturers to adopt advanced CNC controllers in machines that are capable of multiaxis movement.
The CNC controller market is projected to be valued at USD 3.70 Billion by 2023, growing at a CAGR of 3.8% between 2017 and 2023.