Micromachining Market worth $3.3 billion by 2025

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Micromachining Market worth 3.3 billion by 2025
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Overview

• According to the new market research report on
  the "Micromachining Market by Type (Traditional,
  Non-traditional, Hybrid), Process (Additive,
  Subtractive, Others), Axis (3 axes, 4 axes, 5
  axes), Industry (Automotive, Aerospace
  Defense), and Geography - Global Forecast to
  2025", The global micromachining market size is
  projected to reach USD 3.3 billion by 2025 from
  USD 2.4 billion in 2020, at a CAGR of 6.2. The
  growth of this market can be attributed to the
  increasing preference for laser-based
  micromachining over traditional processes and
  increasing demand for miniaturization of
  microelectronic devices.

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Non-traditional micromachining segment to grow at
the highest CAGR during the forecast period

• Non-traditional micromachining consists of
  sub-types such as electrochemical micromachining,
  electrical discharge micromachining, ultrasonic
  micromachining, and laser micromachining. Laser
  micromachining and ultrasonic micromachining are
  some of the dominant sub-types of micromachining
  that offer ease of use, precision, and extensive
  usage in various industries. These advantages of
  laser and ultrasonic micromachining drives the
  market for non-traditional type micromachining.

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Key Market Players

• Major players operating in the global
  micromachining market are Coherent, Inc. (US),
  Georg Fischer Ltd. (Switzerland), Makino Milling
  Machine Co., Ltd. (Japan), Lumentum Holdings Inc.
  (US), Mitsubishi Heavy Industries, Ltd (Japan),
  DATRON Dynamics, Inc. (US), Hans Laser
  Technology Industry Group Co., Ltd (China),
  Electro Scientific Industries, Inc. (US), IPG
  Photonics Corporation (US), and Heraeus Holding
  GmbH (Germany), among others. Other companies
  include OMAX CORP. (US), 3D Micromac (Germany),
  Lasea (Belgium), Posalux SA (Switzerland),
  SCANLAB GmbH (Germany), Tornos S. A.
  (Switzerland), Swisstec 3D Akus AG (Switzerland),
  Kugler GmbH (Germany), and GFH GmbH (Germany),
  among others.

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summary

• The global micromachining market size is expected
  to reach USD 3.3 billion by 2025 from USD 2.4
  billion in 2020, at a CAGR of 6.2. The growth of
  this market is accelerated by the growing demand
  for the miniaturization of electronic devices and
  the rising preference of laser-based
  micromachining over the traditional approach.

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Table of Content

• Table of Contents
• 1 Introduction (Page No. - 17)    1.1 Study
  Objectives    1.2 Definition    1.3 Study
  Scope           1.3.1 Markets Covered          
  1.3.2 Inclusions/Exclusions           1.3.3
  Years Considered    1.4 Currency    1.5
  Limitations    1.6 Stakeholders.
• .
• .
• 13 Appendix (Page No. - 125)     13.1 Insights
  of Industry Experts     13.2 Discussion Guide

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