Global Computer Numerical Control Solutions Market 2017-2021
About Computer Numerical Control Solutions
CNC solutions are equipped with high-speed microprocessors that deliver high-precision machining processes with integrated safety functions for a foolproof and safe working environment. As the demand for these systems increases during the forecast period, the market would see high levels of advances in technology. As a result of these developments, innovative systems like cloud-based CNC would emerge that can be remotely operated and controlled.
Technavio’s analysts forecast the global computer numerical control solutions market to grow at a CAGR of 5.82% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global computer numerical control solutions market for 2017-2021. To calculate the market size, the report considers the revenue generated from the various segments such as component, end-users, and geographical regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Computer Numerical Control Solutions Market 2017-2021
Technavio recognizes the following companies as the key players in the global computer numerical control solutions market: Delta, FANUC, Haas Automation, Mitsubishi Electric, and Siemens.
Other Prominent Vendors in the market are: Ace Micromatic, Anilam, Bosch Rexroth, Centroid, COSMOS, Fagor Automation, GSK CNC Equipment, Hardinge, HEIDENHAIN, Makino, Minitech Machinery, QMC Technologies, Sandvik Coromant, Shop Sabre, Sieb and Meyer, and Techniks.
Commenting on the report, an analyst from Technavio’s team said: “High-precision accuracy in CNC machines provides vendors with opportunities to expand in the additive manufacturing market. The additive manufacturing market is expected to be potentially larger than the CNC market due to benefits of printing multi-material assemblies. In addition to the mentioned points, controls and human-machine interface (HMI) in 3D printers are less sophisticated than that of CNC machines.”
According to the report, under constant pressures of improving profit margins and gaining a competitive edge in the market, organizations are striving to reduce their operational costs. Cost-effective solutions and technologically advanced machines are being installed by organizations for machine processing operations. It is this rising need to curb operational expense and incorporate advanced technologies, which encourages end-user industries to employ CNC machines.
Further, the report states that the expertise of industrial workers can now be utilized for skilled and high-paying positions. However, in the absence of adequate attention to these aspects, the CNC solutions market will face this challenge during the forecast period. As employees are educated about the benefits of CNC systems and their enhanced benefits, we can expect a gradual shift in perception of industrial workers and employee unions.
Delta, FANUC, Haas Automation, Mitsubishi Electric, Siemens, Ace Micromatic, Anilam, Bosch Rexroth, Centroid, COSMOS, Fagor Automation, GSK CNC Equipment, Hardinge, HEIDENHAIN, Makino, Minitech Machinery, QMC Technologies, Sandvik Coromant, Shop Sabre, Sieb and Meyer, Techniks.