The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing demand for electric vehicles is expected to spur innovation in computer numerical control manufacturing, propelling the market during the forecast period.

The global computer numerical control market is expected to grow from $15.44 billion in 2022 to $16.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The computer numerical control market is expected to grow to $20.60 billion in 2027 at a CAGR of 5.9%.

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Global Computer Numerical Control Market Segments Include:

• By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Other Types
• By Product Type: Software, Solutions
• By End Use Industry: Aerospace And Defense, Automobile, Electronics, Healthcare, Other End Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global computer numerical control market in 2021.

Major Market Players in the computer numerical control market include Soft Servo Systems Inc., Heidenhain GmbH, Bosch Rexroth AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation, FANUC Corporation.

Technological advancements have emerged as a key trend in the computer numerical control market. To maintain their market position, major companies in the computer numerical control market are focused on innovating new technologies. For example, in April 2020, HEIDENHAIN, a privately held German company that provides numerical controls, announced the launch of TNC 640 control, a new generation control technology. This control supports machines with up to 24 axes of milling, turning, and grinding, ranging from 3-axis milling to 5-axis simultaneous machining. This control includes new jig grinding functions, a more compact workspace, and optimised contour milling. It has powerful inverters and controller technology, as well as the ability to remotely monitor efficiency improvements and increase the return on investment on its CNC functions.

The Computer Numerical Control Global Market Report 2023  provides a computer numerical control market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032).  The computer numerical control market forecast analyzes computer numerical control market size, computer numerical control market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

CNC is a computer-assisted, highly accurate manufacturing process in which controlled machining is automated using pre-programmed CAD (computer-aided design) software that does not require an operator. The primary advantage of CNC machines is their ability to run unattended throughout the manufacturing and machining cycles, allowing the operator to focus on other tasks.

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