London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Computer Numerical Control Solutions Market 2014-2018, which is expected to witness a CAGR of 5.17 percent during the forecast period OF 2014-2018.
Computer Numerical Control solutions are effective and efficient motion control systems that provide high-speed and accurate execution of machining processes. They have high data-processing capabilities and are equipped with high-speed microprocessors to deliver high-precision machining processes with integrated safety functions for a foolproof and safe working environment with enhanced productivity.
“Retrofitting conventional machines such as machining centers, turning centers, and grinding machines with CNC controllers reduces the overall cost of investment,” says Faisal Ghaus, Vice President of TechNavio.
“It is estimated that the cost of a CNC machine retrofitted with CNC controllers is much lower than the cost of a new CNC machine.”
Key Market Drivers
- Demand for Multi-tasking Machines
- Demand from Emerging Markets
- Increased Demand from Small-scale Industries
Key Market Trends
- Steady Demand from Retrofit Segment
- Increased Adoption of CNC Solutions Across Various Industries
- Development of Android-based CNC Solutions
- Emergence of CNC Solutions to Control Multiple Axes
Key Market Vendors
- Fanuc Corp.
- Mitsubishi Electric Corp.
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
