CNC Controller Market – Industry Trends and Forecast to 2023 A CNC controller completes all the important links between a computer system and mechanical components of the machine. The controller’s main task is to obtain the conditioned signals from the computer and convert those signals into mechanical motions through motor output. The machine control unit or controller is a microcomputer that stores the program and executes the commands into an action with the help of a machine tool. 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. Growth of this market is propelled by factors such as increase in the adoption of industrial automation in the manufacturing sector, ability to reduce operating cost, and rising demand for mass production across enduser industries. FANUC Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Siemens AG (Germany) are some of the leading players in the CNC controller market. Key market players have implemented different strategies to uphold their position in this market and ensure their long-term growth and success. Key strategies implemented by most of the companies in the market are product launches and developments, partnerships, contracts, collaborations, acquisitions, and expansions. Globally, FANUC Corporation is the leading manufacturer of CNC controllers. The company’s FA division offers CNC systems, servomotors, and laser products. The company is highly focused toward the sale of CNC controllers and related technologies. The company’s well-established manufacturing capabilities have encouraged it to showcase its strong position in the manufacturing of factory automation products such as CNC controls. Further, significant investment in R&D activities has encouraged the company to develop new products, which further helps in expanding the company’s share in the global CNC controller market. The company has adopted strategies such as collaborations and product launches to expand its share in the CNC controller market. FANUC also focuses on the technological development of its product lines, offering advanced CNC controllers for the customers to achieve enhanced efficiency. In April 2016, the company collaborated with Cisco Systems, Inc. (US), Rockwell Automation, Inc. (US), and Preferred Networks (Japan) to develop and deploy the FANUC Intelligent Edge Link and Drive (FIELD) system. It is a cloud platform that connects CNC machines, robots, sensors, and peripheral devices for the optimization of manufacturing production through analytics. https://www.marketsandmarkets.com/PressReleases/cnc-controller.asp Siemens AG is the second-largest player in CNC controller market. The company’s Industrial Automation Product segment offers CNC under the brand name SINUMERIK solutions. The company’s CNC technology is designed to meet the specific needs of machine tool applications. The company is highly focused toward the development of innovative solutions for the machine tool industry. This has helped the company in creating a strong presence in the global market for CNC controllers. Further, the company also concentrates on entering the innovation-driven growth markets by designing innovative solutions. It also strives to strengthen its product portfolio through new product developments and product launches. For instance, the company opened its Technology & Application Center (TAC) in Bangalore, India. It is Siemens’s first-ever facility in India that helps machine tool manufacturers and end users in enhancing their productivity by testing machine techniques in real-world conditions. TAC offers hands-on exposure to Indian machine tool manufacturers and users to the latest CNC technologies and solutions, including a simulation tool from Siemens and its partners, through training. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide
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