Global NC Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Hardware, Software, and Services.

By Application;

Automotive, Aerospace, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn200104184 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global NC Market (USD Million), 2021 - 2031

In the year 2024, the Global NC Market was valued at USD 25109.74 million. The size of this market is expected to increase to USD 38257.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

The global NC (Numerical Control) market has experienced significant growth and transformation over recent years, driven by advancements in automation and precision engineering. NC technology, which involves the use of computers to control machine tools, has revolutionized manufacturing processes across various industries. The market's expansion is fueled by the increasing demand for high-precision and efficient production techniques, particularly in sectors such as aerospace, automotive, and electronics.

Innovations in NC technology, such as the integration of artificial intelligence and machine learning, have further enhanced the capabilities of numerical control systems. These advancements enable more sophisticated control mechanisms, improving both productivity and accuracy in manufacturing. The growing trend towards Industry 4.0 and smart manufacturing solutions has also contributed to the increased adoption of NC systems, as companies seek to leverage digital technologies to optimize their operations.

Geographically, the NC market shows varied growth patterns, with regions such as North America, Europe, and Asia-Pacific leading in terms of technological adoption and market share. The Asia-Pacific region, in particular, is experiencing rapid expansion due to its strong manufacturing base and increasing investments in industrial automation. As the global NC market continues to evolve, the focus will likely remain on enhancing system capabilities and integrating emerging technologies to meet the diverse needs of modern manufacturing.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global NC Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automation Growth
        2. Demand for Precision
        3. Industry 4.0 Integration
      2. Restraints
        1. High Initial Costs
        2. Technological Complexity
        3. Skilled Workforce Shortage
      3. Opportunities
        1. Emerging Markets
        2. Technological Advancements
        3. Customization and Innovation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global NC Market, By Type, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Services
    2. Global NC Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. Aerospace
      3. Others
    3. Global NC Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens AG
      2. Fanuc Corporation
      3. Haas Automation, Inc.
      4. Mazak Corporation
      5. DMG Mori Co., Ltd.
      6. Heidenhain Corporation
      7. Emco Group
      8. Okuma Corporation
      9. Schneider Electric SE
      10. KUKA AG
  7. Analyst Views
  8. Future Outlook of the Market