Global Computer Numerical Controls Market Global Computer Numerical Controls Market

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Global Computer Numerical Controls Market growing at a CAGR of
6.9% between 2016 and 2024: Variant Market Research
Global Computer Numerical Controls Market is estimated to reach $87 billion by 2024; growing at a CAGR
of 6.9% between 2016 and 2024. Computer numerical controls (CNC) is a process in the manufacturing
sector in which the functions of the machines and its related tools are controlled by a program comprising
of a coded alphanumeric data. A CNC system basically consists of three components such as part program,
machine control unit (MCU) and machine tools. CNC can be used to control both the machine tools as well
as the non-machine areas. The computer programs are customized according to the object and the related
machines are programed with the CNC language that principally controls all the features such as the
speed, location, feed rate and coordination. CNC helps to reduce human error, high accuracy in
manufacturing, reduces production time and higher manufacturing flexibility.
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Rising disposable income in emerging economies and need for mass production of various items are the
key factors supporting the growth of the global computer numerical controls market. Moreover, increase
in the number of small manufacturing units with automated machines to reduce human errors and non-
availability of labors also support the growth of the global CNC market. Furthermore, technological
advancements and increasing number of applications would provide growth opportunity in the coming
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