Micromachining Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global micromachining market size was valued at $2.51 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 7% from 2021 to 2027. Micro components in industries such as automotive, medical, consumer electronics, medical and aerospace. As production technology advances, the time required to manufacture parts has been shortened, further accelerating market growth. Besides, various companies in the manufacturing sector such as Johnson Matthey and Tekniker have been shown to favor laser-based materials over traditional micromachining, which is a good sign for market growth.

Market Key Players

• AMADA WELD TECH Co., Ltd.
• Coherent, Inc.
• Electro Scientific Industries
• Georg Fischer Ltd.
• Han’s Laser Process Industry Group Co., Ltd.
• IPG Photonics Corporation
• Makino
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• OpTek Ltd.
• Oxford Lasers

Micromachining Market Segments:

By Type:

• Traditional
• Non-traditional
• Hybrid

By Process:

• Additive
• Subtractive
• Others

By Axis:

• 3-axes
• 4-axes
• 5-axes
• Others

By Industry:

• Automotive
• Semiconductor & Electronics
• Aerospace & Defense
• Medical & Aesthetics
• Telecommunications
• Power & Energy
• Plastics & Polymers
• Gems & Jewelry
• Others (Machine tools & Manufacturing, Watchmaking, Glass)

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Micromachining Market Report

• What was the Micromachining Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Micromachining Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Micromachining Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.