The numerical data required to produce a part is provided to a machine in the form of a program, which is known as computerized numerical control (CNC). The CNC controls the functions and motions of a machine with the help of preprogrammed software solutions. CNC converts the design produced by computer-aided design (CAD) software into numbers and then translates them into manufacturing directives by computer-aided manufacturing (CAM) software. The numbers can be considered to be the coordinates of a graph, and they control the movement of the cutter. In this way, the computer controls the cutting and shaping of the material. The CNC machine comprises a minicomputer or a microcomputer that acts as a controller unit of the machine."
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and adoption of growth strategies. These players have a broad portfolio of products that caters to most regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
Several companies in the CNC market are largely dependent on their competitive R&D activities. These are established players with strong business strategies. However, they have a weak product portfolio. They generally focus on a specific type of technology related to the product.
The CNC market is moderately dependent on innovators that bring innovation in the form of product and technology development. Innovators demonstrate substantial product innovations compared with their competitors.
Emerging companies offer niche products and have started gaining position in the market. They lack strong business strategies compared with other established players.