CNC market grows; major players battle

Dedham, Mass.— The worldwide market for computer numerical control (CNC) hardware, unbundled software and services will grow at a CAGR of 6.7% from more than $3.7 billion in 2000 to $5.1 billion by 2005, according to ARC Advisory Group. The organization released its updated study, "CNC Worldwide Outlook," on Apr.

06/01/2001


Dedham, Mass.— The worldwide market for computer numerical control (CNC) hardware, unbundled software and services will grow at a CAGR of 6.7% from more than $3.7 billion in 2000 to $5.1 billion by 2005, according to ARC Advisory Group. The organization released its updated study, "CNC Worldwide Outlook," on Apr. 30.

"The worldwide CNC market is being reshaped as the two leading suppliers, Siemens and Fanuc, battle for a dominant position," says Sal Spada, an ARC senior analyst. "A market once dominated by Fanuc has now seen one of the most significant shifts in the last 15 years." Mr. Spada explains that a weak Japanese economy has forced Japan's CNC suppliers to seek business outside of their domestic comfort zone.

For more information, Circle 348 or visit www.arcweb.com or www.controleng.com/freeinfo .





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
Save energy with automation; Process control system upgrades; Dispelling controll myths; Time-sensitive networking; Control system integration; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
click me