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CNC Controller Market Analysis, Share, Growth and Trends 2030 | MRFR
CNC Controller Market Size was valued at USD 2.9 Billion in 2022 and is projected to grow from USD 3.2 Billion in 2023 to USD 06 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2023 - 2030). CNC controllers and machines are gaining momentum in recent times due to the increasing demand for enhanced performance and quality of service are the key market drivers enhancing market growth.
CNC Controller Product Insights
The CNC Controller market segmentation, based on product, includes Microcontroller-Based, DSP-Based, Motion Control Chip-Based, and others. The Motion Control Chip-Based segment held the majority share in 2022 of the CNC Controller market revenue.Motion ControlChip-Based CNC controllers are widely used in various industrial applications due to their high performance and accuracy. These controllers use motion control chips to perform complex operations in CNC machines, providing high precision and efficient control. They offer a cost-effective solution for controlling various operations in CNC machines, which has led to their increased adoption in various industries.
CNC Controller Component Insights
The CNC Controller market segmentation, based on components, includes Power Supply Units, Software, Cabling, Circuitry Protection Systems, Motor drivers, and others. The Motor Driver segment held the majority share in 2022. The Motor Driver is an essential component in CNC controllers, responsible for controlling the motion of CNC machines. It plays a crucial role in controlling the speed, direction, and torque of the motor in CNC machines, ensuring precise and efficient operation. The increasing demand for high-performance and efficient CNC machineshas driven the demand for advanced motor drivers, contributing to the growth of the Motor Driver segment.