The Micromachining Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Micromachining Market?
The micromachining market has seen a notable expansion in the past years. The market size is set to increase from $3.22 billion in 2024 to $3.48 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Micromachining Industry?
The global market for micromachining is predicted to reach a size of $4.82 billion by 2029, along with an 8.5% compound annual growth rate (CAGR).
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What are the Key Growth Drivers Fueling the Micromachining Market?
The key drivers in the micromachining market are:
• Adoption of laser micromachining for non-contact precision processing
• Increased demand for microfluidics and lab-on-a-chip devices
• Focus on 3D micromachining for complex geometries and structures
• Growing demand for micromachining in consumer electronics and wearables
Global Market Segmentation: Identifying Major Micromachining Industry Segments
The micromachining market covered in this report is segmented –
1) By Type: Traditional, Non-traditional, Hybrid
2) By Process: Additive, Subtractive, Others
3) By Axis: 3-axis, 4-axis, 5-axis, Others
4) By Industry: Automotive, Semiconductors & Electronics, Aerospace & Defense, Healthcare, Telecommunications, Power & Energy, Plastics & Polymers, Gems & Jewelry, Others
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What are the Emerging Trends Shaping the Future of the Micromachining Market?
The key trends in the aviation gas turbine market are:
• The adoption of laser micromachining for non-contact precision processing is shaping the market's future.
• The demand for microfluidics and lab-on-a-chip devices is growing, influencing the micromachining industry.
• There's a focus on 3D micromachining for complex geometries and structures along with advancements in ultra-precision machining tools.
• Trends include the increase of hybrid micromachining processes, nanomachining for sub-micron precision, and miniaturization in electronics and optoelectronics.
Who Are the Top Competitors & Leading Players in the Micromachining Market?
Major companies in the micromachining market are:
• Amada Weld Tech Co. Ltd.
• Coherent Inc.
• Georg Fischer Ltd.
• Han’s Laser Technology Industry Group Co. Ltd.
• IPG Photonics Corporation
• Lumentum Holdings Inc.
• ELAS Ltd.
• Heraeus Holding GmbH
• Mitsubishi Heavy Industries Ltd.
• DATRON Dynamics Inc.
• Electro Scientific Industries Inc.
• MKS Instruments Inc.
• The TRUMPF Group
• Oxford Lasers Ltd.
• Eastman Chemical Company
• Makino Milling Machine Co. Ltd.
• OpTek Ltd.
• Reith Laser B.V.
• Potomac Laser
• 4JET Microtech GmbH
• Electro Scientific industries
• Microlution Inc.
• AMETEK Precitech Inc.
• Microcut Inc.
• Evlaser srl
• Posalux SA
• SCANLAB GmbH
• Senfeng Laser Inc.
• SUZHOU CHANXAN LASER TECHNOLOGY Co. Ltd.
Regional Dominance: Which Area Leads the Global Micromachining Market?
Asia-Pacific was the largest region in the micromachining market in 2024
