Micromachining - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Micromachining Market is accounted for $2.13 billion in 2018 and is expected to reach $4.15 billion by 2027 growing at a CAGR of 7.7% during the forecast period. While the factors like, rising preference of laser-based micromachining preferred over the traditional approach and demand for the miniaturization of microelectronic devices are the major factors propelling the market growth. However, factor such as regulatory compliances is hampering the market growth.
Micromachining can refer to the method for manufacture of 2D and 3D structures on the micrometer scale. Super finishing, a metalworking procedure for producing very well surface finishes. Different microelectromechanical systems are size micromachining, high-aspect-ratio microstructure technologies and surface micromachining.
Based on the axis, the 5-axes segment is likely to have a huge demand due to used in extremely specific industries for its precision. The application of the 5-axes is prominent in manufacturing medical components, petrochemical industry parts, military-grade commodities, and aerospace components. It increases the potential applications of the machine. Better precision requires less movement of the material for micromachining, which drives the growth rate of the 5-axes micromachining market.
By geography, North America is going to have a lucrative growth due to considerable share of the global micromachining market. Most important companies in this region provide the most developed micromachining to various industries such as automotive and aerospace & defense. Some of the prominent companies from North America include General Motors, General Electric, Rockwell Automation, Ford, and Coherent, among others that broadly use micro machined products.
Some of the key players profiled in the Micromachining Market include Coherent, DATRON, Electro Scientific Industries, Georg Fischer, Han’s Laser, Heraeus, IPG Photonics, Lumentum, Makino, Mitsubishi, Omax, 3D Micromac, Lasea, Posalux, Scanlab, Tornos, Swisstec 3D and Kugler.
• 5 Axes
• 3 Axes
• 4 Axes
• Hybrid Micromachining
• Other Processes
Raw Materials Covered:
• Metals & Alloys
End Users Covered:
• Aerospace & Defense
• Gems & Jewelry
• Medical & Aesthetics
• Plastics & Polymers
• Power & Energy
• Semiconductor & Electronics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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