Micromachining Market: By Product Type (Traditional, Non-traditional, and Hybrid), By Process Type (Additive, Subtractive, and Others), By Axes (3-axes, 4-axes, 5-axes, and Others), By Industry (Automotive, Semiconductor & Electronics, Aerospace & Defense, Medical & Aesthetics, Telecommunications, Power & Energy, Plastics & Polymers, Gems & Jewelry, and Others) and Geography  

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Micromachining Market size was valued at USD 2, 785.3 million in 2023, growing at a significant CAGR of 7.6% from 2024-2030. Micromachining is the method performed for fabricating 2D and 3D structures on the micrometer scale. Previously watch parts were thought to be micro parts, however, due to technological advancements, micro parts were used in numerous fields like and biomedical and electronic implants. The growing demand for micro, cost-effective, and suitable products has led to an increase in micromachining applications such as 3D machining, micro-milling, welding, and cutting, and in industries such as automotive, semiconductors & electronics, medical, and aerospace. The increasing employment of miniaturization to manage the growing demands of micro components in industries such as automotive additive, aerospace, defense, healthcare, and electronics can lead to the micromachining market growth.

Moreover, increasing demand for miniature components is heading toward innovations in the design of manufacturing systems and tools and rapid growth in Micro Electro Mechanical Systems (MEMS) research and development are some primary factors that can boost the global micromachining market. However, some factors such as the fabrication of structures and micro-components can restrain the growth of the market. The fast-developing technological advancements worldwide are further driving the requirement for novelty in traditional machining methods and tools to encounter the requirements of contemporary industry's design which can create an opportunity for the global micromachining market growth.

Micromachining Market Key Developments:
  • In November 2021, Fluence launched a new facility in Wroclaw, Poland, called the Fluence Ultrafast Laser Application Laboratory.

Micromachining Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.6%

Largest Market

Asia Pacific

Fastest Growing Market

Asia-Pacific
Micromachining Market Dynamics

One of the major reasons for the global micromachining market growth is the increasing demand for micro components in healthcare sectors. In an industry such as medical, small-sized medical devices have led to pain-free surgeries and diagnoses. The medical industry is experiencing a boost in the demand for nano-sized and micro-sized surgery apparatuses. With compact weight and size, the convenience and value of products can be significantly raised. Moreover, the progressions in wearables and other modified healthcare devices are expected to propel the growth of the market in the forecast period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, and forecast from 2024-2030
  • The report covers in-detail insights about the competitor overview, key findings and key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup details that are working in the industry
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Micromachining Market Segmentation

By Product Type
  • Traditional
  • Non-traditional
  • Hybrid
By Process Type
  • Additive
  • Subtractive
  • Others
By Axes
  • 3-axes
  • 4-axes
  • 5-axes
  • Others
By Industry
  • Automotive
  • Semiconductor & Electronics
  • Aerospace & Defense
  • Medical & Aesthetics
  • Telecommunications
  • Power & Energy
  • Plastics & Polymers
  • Gems & Jewelry
  • Others

Frequently Asked Questions

The micromachining market is projected to expand at a CAGR of 7.6% during the forecast period

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

Asia Pacific is the fastest-growing region for micromachining market

1. Executive Summary
2. Global Micromachining Market Introduction
2.1. Global Micromachining Market - Taxonomy
2.2. Global Micromachining Market -Definitions
2.2.1. By Type
2.2.2. By Process
2.2.3. By Axis
2.2.4. By Industry
2.2.5. By Region
3. Global Micromachining Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Micromachining Market Dynamic Factors - Impact Analysis
3.6. Global Micromachining Market - Competition Landscape
4. Global Micromachining Market Analysis, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Micromachining Market, By Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1. Traditional
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Non-traditional
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Hybrid
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Micromachining Market, By Process, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Additive
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Subtractive
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Others
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Micromachining Market, By Axis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1. 3-axes
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. 4-axes
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. 5-axes
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Micromachining Market, By Industry, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1. Automotive
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Semiconductor & Electronics
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Aerospace & Defense
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Medical & Aesthetics
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Telecommunications
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Power & Energy
8.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Plastics & Polymers
8.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
8.8. Gems & Jewelry
8.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.8.3. Market Opportunity Analysis
8.9. Others (Machine tools & Manufacturing, Watchmaking, Glass)
8.9.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.9.3. Market Opportunity Analysis
9. Global Micromachining Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Micromachining Market - Opportunity Analysis Index, By Type, By Process, By Axis, By Industry, and Region, 2024-2030
10. North America Micromachining Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
10.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Traditional
10.1.2. Non-traditional
10.1.3. Hybrid
10.2. Process Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Additive
10.2.2. Subtractive
10.2.3. Others
10.3. Axis Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. 3-axes
10.3.2. 4-axes
10.3.3. 5-axes
10.3.4. Others
10.4. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Automotive
10.4.2. Semiconductor & Electronics
10.4.3. Aerospace & Defense
10.4.4. Medical & Aesthetics
10.4.5. Telecommunications
10.4.6. Power & Energy
10.4.7. Plastics & Polymers
10.4.8. Gems & Jewelry
10.4.9. Others (Machine tools & Manufacturing, Watchmaking, Glass)
10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Micromachining Market - Opportunity Analysis Index, By Type, By Process, By Axis, By Industry, and Country, 2024-2030
10.7. North America Micromachining Market Dynamics - Trends
11. Europe Micromachining Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
11.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Traditional
11.1.2. Non-traditional
11.1.3. Hybrid
11.2. Process Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Additive
11.2.2. Subtractive
11.2.3. Others
11.3. Axis Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. 3-axes
11.3.2. 4-axes
11.3.3. 5-axes
11.3.4. Others
11.4. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Automotive
11.4.2. Semiconductor & Electronics
11.4.3. Aerospace & Defense
11.4.4. Medical & Aesthetics
11.4.5. Telecommunications
11.4.6. Power & Energy
11.4.7. Plastics & Polymers
11.4.8. Gems & Jewelry
11.4.9. Others (Machine tools & Manufacturing, Watchmaking, Glass)
11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Micromachining Market - Opportunity Analysis Index, By Type, By Process, By Axis, By Industry, and Country, 2024-2030
11.7. Europe Micromachining Market Dynamics - Trends
12. Asia-Pacific Micromachining Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
12.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Traditional
12.1.2. Non-traditional
12.1.3. Hybrid
12.2. Process Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Additive
12.2.2. Subtractive
12.2.3. Others
12.3. Axis Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. 3-axes
12.3.2. 4-axes
12.3.3. 5-axes
12.3.4. Others
12.4. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Automotive
12.4.2. Semiconductor & Electronics
12.4.3. Aerospace & Defense
12.4.4. Medical & Aesthetics
12.4.5. Telecommunications
12.4.6. Power & Energy
12.4.7. Plastics & Polymers
12.4.8. Gems & Jewelry
12.4.9. Others (Machine tools & Manufacturing, Watchmaking, Glass)
12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Micromachining Market - Opportunity Analysis Index, By Type, By Process, By Axis, By Industry, and Country, 2024-2030
12.7. Asia-Pacific Micromachining Market Dynamics - Trends
13. Latin America Micromachining Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
13.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Traditional
13.1.2. Non-traditional
13.1.3. Hybrid
13.2. Process Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Additive
13.2.2. Subtractive
13.2.3. Others
13.3. Axis Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. 3-axes
13.3.2. 4-axes
13.3.3. 5-axes
13.3.4. Others
13.4. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Automotive
13.4.2. Semiconductor & Electronics
13.4.3. Aerospace & Defense
13.4.4. Medical & Aesthetics
13.4.5. Telecommunications
13.4.6. Power & Energy
13.4.7. Plastics & Polymers
13.4.8. Gems & Jewelry
13.4.9. Others (Machine tools & Manufacturing, Watchmaking, Glass)
13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Micromachining Market - Opportunity Analysis Index, By Type, By Process, By Axis, By Industry, and Country, 2024-2030
13.7. Latin America Micromachining Market Dynamics - Trends
14. Middle East and Africa Micromachining Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
14.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Traditional
14.1.2. Non-traditional
14.1.3. Hybrid
14.2. Process Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Additive
14.2.2. Subtractive
14.2.3. Others
14.3. Axis Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. 3-axes
14.3.2. 4-axes
14.3.3. 5-axes
14.3.4. Others
14.4. Industry Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Automotive
14.4.2. Semiconductor & Electronics
14.4.3. Aerospace & Defense
14.4.4. Medical & Aesthetics
14.4.5. Telecommunications
14.4.6. Power & Energy
14.4.7. Plastics & Polymers
14.4.8. Gems & Jewelry
14.4.9. Others (Machine tools & Manufacturing, Watchmaking, Glass)
14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf CoIndustry Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Micromachining Market - Opportunity Analysis Index, By Type, By Process, By Axis, By Industry, and Country, 2024-2030
14.7. MEA Micromachining Market Dynamics - Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Products, Key Developments, Strategies, and SWOT Analysis)
15.2.1. AMADA WELD TECH Co., Ltd.
15.2.2. Coherent, Inc.
15.2.3. Electro Scientific Industries
15.2.4. Georg Fischer Ltd.
15.2.5. Han’s Laser Process Industry Group Co., Ltd.
15.2.6. IPG Photonics Corporation
15.2.7. Makino
15.2.8. MITSUBISHI HEAVY INDUSTRIES, LTD.
15.2.9. OpTek Ltd.
15.2.10. Oxford Lasers
16. Research Methodology
17. Key Assumptions and Acronyms
  • AMADA WELD TECH Co., Ltd.
  • Coherent, Inc.
  • Electro Scientific Industries
  • Georg Fischer Ltd.
  • Hans Laser Process Industry Group Co., Ltd.
  • IPG Photonics Corporation
  • Makino
  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • OpTek Ltd.
  • Oxford Lasers

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