Global IoT enabled CNC Systems market size is estimated to be valued over UX$ XX Million in 2022 and is expected to register a CAGR of 9.7% between 2021 and 2030. In the last few years, there has been series of advancement noted at industrial level. Companies are pushing towards modernization in order to maximize output and reap higher return on investment (ROI). While the adoption of IoT enabled services is increasing at manufacturing site, it is still at its naïve position, thereby creating huge market opportunity for engaged industry players. IoT is applied at various levels and fields in manufacturing sites. CNC Systems is one such field wherein the IoT is leveraged to minimize manual interventions and errors.
Computer Numerical Control (CNC) device is used to manufacture various components ranging from medical products to complex industrial products. There are several different types of CNC machines to meet industrial demands. CNC milling, lathe, router, laser cutter, plasma cutter are few commonly used CNC machines. With the advent of The Fourth Industrial Revolution or Industry 4.0, adoption of sensors and software across industrial machines have risen. In turn, various use-cases across industries have led to increased productivity, higher quality goods, and reduced costs. IoT-enabled CNC machine is gaining fast traction among manufacturers as it helps in remote monitoring, predictive analysis and maintenance. Engaged companies are focusing on product innovation to create brand presence and ensure long term market sustenance.
A range of factors will help industry to grow during the forecast period. One such factor is emergence of smart factories worldwide. Other factors include increasing adoption of industry 4.0., growth of digital platforms, etc.
On the base of solution type, software segment accounted for the largest share in 2021. This segment accounted for over 60% revenue share in 2021. Key players focus on new introducing predictive maintenance solutions in the market. For instance;
- In April 2020, Zyfra launched ‘MDCplus’, a remote internet of things (IoT)-based solution, this cloud-based machine monitoring system allows remote monitoring of computerised numerical control (CNC) machines
- In December 2019, FANUC launched Industrial IoT Platform FIELD system, retrofits its CNC with powerful industrial PC. Its predictive maintenance platform ‘FIELD system ZDT’ focusses on robots, CNC and machines
- Aerospace & Defense
- Construction Equipment
- Power & Energy
Some of the top players in IoT-based CNC market are
- Amada Co., Ltd.
- Amera Seiki
- Fanuc Corp.
- Datron AG
- DMG Mori
- Dalian Machine Tool Group (DMTG) Corp.
- Haas Automation, Inc.
- Okuma Corp.
- Faststream Technologies
- FANUC Corp.
- FreePoint Technologies Inc
- Predator Software
- Seiki Systems Ltd
- MGC BV
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