ALBANY, New York, June 16, 2020
ALBANY, New York, June 16, 2020 /PRNewswire/ -- Deployment of computer numerical controls (CNC) technologies has reduced production times and human errors and increased precision of numerous complex industrial machinery such as lathes and milling machines. Technologies in the CNC market have been key enabler for automation in industrial machinery in manufacturing sectors.
The global computer numerical controls market stood at US$ 64.0 bn in 2018 and is projected to climb to revenues to ~US$ 115.1 bn by 2027. The market is expected to clock a CAGR of 6.7% during 2019–2027.
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2031
Key Findings of Computer Numerical Controls (CNC) Market Report
Explore 127 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Computer Numerical Controls (CNC) Market (Types - Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application - Automotive, Industrial, Power & Energy, and Defense & Aerospace) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/computer-numerical-controls.html
Computer Numerical Controls (CNC) Market: Key Driving Factors and Promising Avenues
Some of the key growth dynamics in the CNC market are:
Analyze Global Wireless Charging ICs Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea, Request a sample of the study
Key Impediments for Computer Numerical Controls (CNC) Market Players
Despite the attractive potential of CNC in industrial automation, such technologies require substantial investment. The maintenance and servicing is also cost-intensive, resulting in small-scale enterprises to avoid the adoption. All these are proving to significantly constrain the growth of the CNC market.
On the other hand, the incredible drive for efficiency gains is a key business proposition for the rise in demand in the CNC market.
Request the Corona Virus Impact Analysis across Industries and Markets at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2031
Global Computer Numerical Controls (CNC) Market: Regional Landscape
Owing to rapid uptake of industrial automation systems in parts of North America, opportunities in the regional market have seemingly matured.
Meanwhile, Asia Pacific has witnessed the rise of several new avenues for various manufacturing sectors to use CNC for the control of heavy industrial machinery. Also, the drive for reducing the carbon footprint of economies has gravitated manufacturing industries to increasingly adopt automation for operating their machinery. These have also in recent years set their sights on Asia Pacific due to the gains of low cost of production.
Purchase Premium Research Report on Computer Numerical Controls (CNC) Market at https://www.transparencymarketresearch.com/checkout.php?rep_id=2031<ype=S
The global computer numerical controls (CNC) market can be segmented as follows:
Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry:
Broadcast Switchers Market – The global broadcast switchers market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global broadcast switchers market. As such, the global broadcast switchers market is projected to reach a value of ~US$ 2.5 Bn by the end of the forecast period.
Photonic Integrated Circuits (PIC) Market – According to a new research report pertaining to the photonic integrated circuits (PIC) market, published by Transparency Market Research, the global photonic integrated circuits market is expected to reach a value of ~ US$ 3.3 Bn by 2027, expanding at a CAGR of ~ 23% from 2019 to 2027. According to the report, the global PIC market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.
Application Specific Integrated Circuits Market – Rising demand for application specific integrated circuits in industrial electronics, medical electronics, military electronics, aerospace electronics, and power electronics are also expected to have a significant impact on the global application specific integrated circuits market. Initiatives taken by different companies to increase system reliability are predicted to impact the application specific integrated circuits market in the coming years.
Power Management Integrated Circuit (PMIC) Market – Providers of power management integrated circuit (PMIC) solutions have been tapping into the wide cross-section of demands for ICs in space-constrained applications. Revenue streams in the power management ICs market stem from the need for high-power density and a configurable power management design in computationally intensive platforms, notes Transparency Market Research. Key players have been seeing new opportunities from the constant flux of wearable, sensors, and internet of things devices in several industry verticals.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453