3-axis CNC machines are projected to account for the largest share of the global CNC Controller market during the forecast period. The implementation of these machines in the manufacturing of parts improves speed and accuracy of the production process. However, the market for controllers in 5-axis CNC machines is expected to witness higher growth between 2017 and 2023. Controllers are used in 5-axis CNC machines for manufacturing complex machine parts in critical industries such as aerospace and defense. They enable the manufacturing of critical aircraft components more accurately.

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The CNC market ecosystem comprises raw material suppliers, component manufacturers, system integrators, and distributors. FANUC Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Siemens AG (Germany) are the leading players in the CNC controller market. Furthermore, key players in the CNC machine market are Bosch Rexroth AG (Germany), DMG MORI CO., LTD. (Japan), Fagor Automation (US), Haas Automation, Inc. (US), Hurco Companies, Inc. (US), Okuma Corporation (Japan), Wuhan Huazhong Numerical Control Co., Ltd. (China), and Yamazaki Mazak Corporation (Japan).

The automotive industry is projected to account for the largest share of the overall controller market during the forecast period. CNC controllers play a key role in the development and production of quality automobile components. Innovations in the assembly line methods are welcomed by vehicle manufacturers to enhance quality and increase factory productivity. Furthermore, increasing need for safety and reliability in the aerospace and defense industry has encouraged manufacturers to adopt advanced CNC controllers in machines that are capable of multiaxis movement. This is expected to drive the growth of the market for CNC controllers in the aerospace and defense industry during the forecast period.

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APAC held the largest share of the overall CNC controller market, and the market growth is attributed to the growing manufacturing sector in the region. Furthermore, continuous advancements and technological innovations in various industries; economic development in China, Japan, and India; growing infrastructural developments in other countries in Southeast Asia; and increasing foreign investments in this region drive the market growth. Additionally, the large-scale industrialization and urbanization are fueling the growth of the market in APAC.

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