According to the report, the global Computer Numerical Control Market size was valued at USD 17430 Million in 2021 and is projected to reach USD 29698 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2022-2030).
Computer Numerical Control Market Analysis, Size, Share, Growth, Trends, and Opportunities
Computer Numerical Control Market Size
Straits Research has published a new report titled Computer Numerical Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2030". According to the report, the global Computer Numerical Control Market size was valued at USD 17430 Million in 2021 and is projected to reach USD 29698 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2022-2030).
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Drivers in the Computer Numerical Control Market
The growth of the Computer Numerical Control Market can be attributed to several factors, including:
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Increasing demand for automation in various industries
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Growing need for precision and accuracy in manufacturing processes
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Rising adoption of Industry 4.0 technologies
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Government initiatives to promote industrial automation
Key Developments in the Computer Numerical Control Market
Some of the key developments in the Computer Numerical Control Market include:
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The introduction of new CNC machines with advanced features such as artificial intelligence, machine learning, and Internet of Things (IoT)
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The increasing adoption of cloud-based CNC solutions
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The growing demand for CNC machines in emerging economies such as China, India, and Brazil
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Top Key Players in the Computer Numerical Control Market
Some of the top key players in the Computer Numerical Control Market include:
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Bosch Rexroth AG
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Dalian Machine Tool Group Corporation (DMTG)
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Fagor Automation
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FANUC Corporation
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HAAS Automation
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Heidenhain Corporation
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Hurco Companies
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Mitsubishi Electric Corporation
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Okuma Corporation
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Sandvik AB
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Soft Servo Systems Inc
Segmentation Analysis of the Computer Numerical Control Market
The Computer Numerical Control Market can be segmented into several categories, including:
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By Machine Tool Type: Lathes, Mills, Routers, Grinders, Others
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By Industry Vertical: Aerospace & Defense, Automobile, Electronics, Healthcare, Industry Machinery, Others
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Regional Analysis
The Computer Numerical Control Market can be segmented into several regions, including North America, Europe, Asia-Pacific, and Rest of the World.
About Straits Research
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Address: 825 3rd Avenue, New York, NY, USA, 10022
Phone: +1 646 905 0080 (US), +91 8087085354 (India), +44 203 695 0070 (UK)
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