The computer numerical control market has seen robust growth in recent years, and is projected to grow from $17.13 billion in 2024 to $18.13 billion in 2025, at a compound annual growth rate (CAGR) of 5.8%. This can be attributed to several factors such as manufacturing automation, advancements in precision manufacturing, complex component production, and cost savings in mass production.
In the next few years, the computer numerical control market is expected to continue its strong growth, reaching an anticipated $24.34 billion in 2029 with a CAGR of 7.6%. Growth in the forecast period is projected due to integration with industry, rise of additive manufacturing, increased use in small and medium enterprises (SMEs), and enhanced software capabilities.
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What are the Key Drivers of the Computer Numerical Control Market?
The increasing demand for electric vehicles (EV) is expected to significantly drive the computer numerical control market forward. Computer numerical control technology is required for automated and bulk manufacture of electric vehicles, reducing costs for producers. The growing global sales of electric cars suggest an increasing demand for computer numerical control market products, further driving market growth.
What Segments Form The Computer Numerical Control Market?
1) By Type: Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Other Types
2) By Product Type: Software, Solutions
3) By End Use Industry: Aerospace And Defense, Automobile, Electronics, Healthcare, Other End Use Industries
What are the Major Players in the Computer Numerical Control Market?
Major companies operating in the computer numerical control market include Airbus SAS, Safran SA, Honeywell International Inc., Teledyne Technologies Inc., The Boeing Company, General Electric Company, Rolls-Royce Holdings PLC, Flyth Aerospace Solutions Ltd., Raytheon Technologies Corporation, Curtiss-Wright Corporation, RSL Electronics Ltd., Deutsche Lufthansa AG, Acellent Technologies Inc., Societe Internationale de Telecommunications Aeronautiques, Embraer SA, AMETEK Inc., Tech Mahindra Limited, Ventura Aerospace Inc., Meggitt PLC, Lufthansa Technik AG, FLYHT Aerospace Solutions Ltd., Esterline Technologies Corporation, Ultra Electronics Holdings PLC, Thales Group, BAE Systems PLC, Moog Inc., SKF AB, LORD Corporation, Goodrich Corporation, Eaton Corporation.
What Trends are Impacting the Computer Numerical Control Market?
In an effort to gain a competitive edge, major companies operating in the computer numerical control market are developing new machines with up to one nanometer axis resolution. This follows an increased demand for increased accuracy and quality in manufacturing and machining cycles.
Which Regions Dominate the Computer Numerical Control Market?
Asia-Pacific was the largest region in the computer numerical control market in 2024, followed by Europe. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Can You Expect from the Computer Numerical Control Market Report 2025?
Computer numerical control (CNC) refers to a process where controlled machining is automated using pre-programmed CAD (computer-aided design) software, allowing machines to operate without human intervention. The report provides comprehensive data about the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities in the computer numerical control market.
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