LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global computer numerical control (CNC) solutions market, which is expected to grow at a CAGR of more than 5% from 2015-2019.
Computer numerical control solutions market segmentation including product, end-user, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including servo drives, servo motors, and controllers.
Additionally, analysts have segmented market projections by key geography, and also by end-user, focusing on automotive, industrial machinery, aerospace and defence, and others.
“The traditional CNC machines used in industries and factories are stationary and can occupy a lot of space, hence the demand for small and compact CNC machines that can perform specific functions such as drilling or milling on a small scale is increasing significantly. Likewise, portable CNCs are also being increasingly introduced in the market as they can be used at different locations within the facility for various functionalities,” says Faisal Ghaus, Vice President of Technavio.
Computer numerical control solutions: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global computer numerical control solutions market from 2015-2019. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.
Industry analysis includes:
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Key Vendors:
- Fanuc
- Haas Automation
- Mitsubishi Electric
- Siemens
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Market Growth Drivers:
- Growing need for cost savings
- Need for increased productivity
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Market Challenges:
- Need for technical expertise
- Overcapacity issues of end-users
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Market Trends:
- Increased use of mobile applications
- Growing demand for desktop CNC
View the global computer numerical control solutions market report.
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