LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global computer numerical control solutions market since 2014 and the market is poised to grow by USD 5.42 billion, progressing at a CAGR of more than 5% during the forecast period. Request free sample pages
Read the 127-page report with TOC on “Computer Numerical Control Solutions Market Analysis Report by Solution (servo drives, servo motors, and controllers), End-users (automotive, industrial machinery, aerospace and defense, and others), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2019-2023”.
The market is driven by the increased use of servo-based systems in industries. In addition, the development of interactive touchscreen CNC systems is anticipated to boost the growth of the computer numerical control solutions market.
The growing focus on automation has increased the adoption of servo-based systems in manufacturing industries. Servo-based systems increase productivity with reduced labor costs, which help companies gain a competitive advantage in the market. They also respond to problems in a much effective manner and help prioritize workflow and make professionals more flexible and efficient for emergencies. Their increased adoption across end-user industries is one of the key factors driving the demand for CNC solutions.
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Major Five Computer Numerical Control Systems Solutions Market Companies:
FANUC operates its business through segments such as FA, ROBOT, ROBOMACHINE, and Service. Flexible CNC systems and solutions is the key offering of the company.
Mitsubishi Electric operates its business through segments such as industrial automation systems, energy and electric systems, home appliances, information and communication systems, electronic devices, and others. M800/M80 series, C80 series, M700V series, M70V series, and C70 series are some of the key offerings of the company.
Robert Bosch operates its business through segments such as mobility solutions, industrial technology, consumer goods, and energy and building technology. IndraMotion MTX is the key offering of the company.
Rockwell Automation operates its business through segments such as architecture and software and control products and solutions. Motion control is the key offering of the company.
Siemens operates its business through segments such as power and gas, energy management, building technologies, mobility, digital factory, process industries and drives, financial services, ealthineers, and Siemens Gamesa Renewable Energy. SINUMERIK 808, SINUMERIK 828, and SINUMERIK 840 are the key offerings of the company.
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Computer Numerical Control Solutions: Solution Outlook (Revenue, USD Billion, 2019 - 2023)
- Servo drives
- Servo motors
Computer Numerical Control Solutions: End-Users Outlook (Revenue, USD Billion, 2019 - 2023)
- Industrial machinery
- Aerospace and defense
Computer Numerical Control Solutions: Regional Outlook (Revenue, USD Billion, 2019 - 2023)
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