Micromachining Market Review, Analysis and Forecast 2025

1
MarketsandMarkets Presents
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. Download PDF Sample _at_
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MarketsandMarkets Presents
Key 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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MarketsandMarkets Presents
Non-traditional type micromachining to capture
the largest market share in the Global
Micromachining Market. Non-traditional type
micromachining offers more precision than the
traditional type and consumes less time.
Additionally, it is used in most of the
industries for micromachining applications.
Hence, it is expected to capture the largest
market share in micromachining by 2025. Browse
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MarketsandMarkets Presents
Automotive industry to lead the Micromachining
Market from 2020 to 2025. Micromachining in the
automobile industry is widely used to increase
the functionality of the products and for
miniaturization. Micromachined devices have
applications in accelerometers, speed sensors,
temperature, and pressure sensors. The demand for
micromachining is also increasing due to recent
advancements in micro electromechanical system
(MEMS) devices used in automobiles. Hence, the
automotive industry is expected to lead the
global micromachining market from 2020 to 2015.
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MarketsandMarkets Presents
APAC to be the largest market for micromachining
during the forecast period. APAC is anticipated
to be the fastest-growing region for
micromachining due to technological innovations
and adoption of the micromachining in the
automotive and medical aesthetics. Emerging
economies in APAC are growing significantly in
the Micromachining Market. The market in this
region is led by China, India, and Japan, among
others. The APAC region is a promising and
emerging market for micromachining owing to
factors such as growing economies and booming
automotive and manufacturing industries. A few
leading micromachining manufacturing companies
are from Japan, such as Makino, which offer
innovative micromachining across different
sectors.
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MarketsandMarkets Presents
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MarketsandMarkets Presents
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