Technavio predicts 5% increase in CNC solutions market

ACCORDING to Technavio the global computer numerical control (CNC) solutions market is expected to grow at a CAGR of more than 5% from 2015-2019.

“The traditional CNC machines used in industries and factories are stationary and can occupy a lot of space, hence the demand for small and compact CNC machines that can perform specific functions such as drilling or milling on a small scale is increasing significantly. Likewise, portable CNCs are also being increasingly introduced in the market as they can be used at different locations within the facility for various functionalities,” says Faisal Ghaus, Vice President of Technavio.

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including servo drives, servo motors, and controllers.

Additionally, analysts have segmented market projections by key geography, and also by end-user, focusing on automotive, industrial machinery, aerospace and defence, and others.