Traditional Micromachining Market
Traditional Micromachining Market Size, Share, and Trends Analysis Report, By Process (Additive, Subtractive, and Others), By Axis (3-Axes, 4-Axes, 5-Axes, and Others), By Material (Metals and Alloys, Polymers, Glass and Quartz, Ceramics, and Others), By End-Use Industries (Automotive, Semiconductor, Aerospace and Defense, Medical and Aesthetics, Telecommunications, Power and Energy, Plastics and Polymers, and Others), Forecast (2022- 2028) Update Available - Forecast 2024-2030
Traditional micromachining market is anticipated to grow at a CAGR of 5.2% during the forecast period. The global traditional micromachining market growth is backed by the increasing adoption of micromachining in industries such as automotive, healthcare, consumer electronics and others for the development of micro-components. The increasing advancements in the production technologies have resulted in a reduction in the time required for the manufacturing of components, which has further boosted the market growth. The rapidly evolving technology environment in manufacturing and process industries globally has driven manufacturing companies to invest in advanced manufacturing technologies that can assist in achieving high operating efficiencies and thus allow businesses to fulfil the challenging needs of the growing market. Moreover, the integration of these systems with computer-aided manufacturing (CAM) has reduced the time required for the manufacturing of workpieces and enabled hassle-free production of micro components, thereby driving market growth.
Moreover, the supportive government policies and funding provided by them for the development of micromachining systems have led the market growth. Furthermore, manufacturers of lasers are focusing on the development of ultrafast lasers for micromachining applications that have boosted the market growth. For instance, in June 2019, NKT Photonics A/S and Oxide Corp. formed a partnership collaboration under which both the companies combined their technologies for developing and manufacturing a range of ultraviolet and deep ultraviolet ultrafast lasers.
Segmental Outlook
The global traditional micromachining market is segmented based on process, axis, material, and end-user industries. Based on the process, the market is segmented into additive, subtractive, and others. Furthermore, based on the axis, the market is segregated into 3-axes, 4-axes, 5-axes, and others. The subtractive segment is likely to be the fastest growing during the forecast period. This can be attributed to the cost and time advantage and extensive usage in mass production. Among these, the 3-axis segment held the largest market share, and it is further projected to maintain its dominance during the forecast period. High adoption of 3-axis traditional micromachining for lens arrays and other non-rotationally symmetric free-form optics fabrication is the primary element driving the segment growth. Likewise, based on material, the market is divided into metals and alloys, polymers, glass and quartz, ceramics, and others. Whereas, based on end-use industries, the market is classified into automotive, semiconductor, aerospace and defense, medical and aesthetics, telecommunications, power and energy, plastics and polymers, and others.
Regional Outlook
Geographically, the global traditional micromachining market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the Europe region is expected to expand at a significant CAGR during the forecast period. The increased demand for micromachined components in the railway and energy sector that are expected to drive the growth of the market. Whereas North America accounted for a significant share. The presence of prominent market players such as Coherent, Inc. and IPG Photonics Corp. and their contribution towards providing developed micromachining for various industries is the prominent factor showing impressive growth in the region.
Global Traditional Micromachining Market Growth, By Region 2022-2028
Asia-Pacific Region to Witness Potential Share in the Market During the Forecast Period
Geographically, the Asia-Pacific region is expected to grow with the fastest CAGR during the forecast period. The regional growth is backed by the increasing demand for miniature components, rising adoption of various wireless devices, and government initiatives towards inclusive and sustainable industrialization. Apart from these, major economies in the region such as India and China are increasingly focusing on improving industrialization, especially in the manufacturing and processing industries. Furthermore, to satisfy the demand for fast-changing semiconductor and electronics markets, manufacturers in the region are focusing on introducing innovative processing technologies such as laser micromachining for the precise machining and production of micro components.
Market Players Outlook
The major players in the global traditional micromachining market include Han’s Laser Technology Industry Group Co., Ltd. Coherent, Inc., Makino Milling Machine Co., Ltd., Georg Fischer Ltd., and IPG Photonics Corp. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2019, DATRON Dynamics, Inc., a high-speed CNC milling machine provider partnered with ProvenCut to develop DATRON neo. The product is primarily used to capture high-speed machining speeds and feeds.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global traditional micromachining market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Recovery Scenario of Global Traditional Micromachining Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Han’s Laser Technology Industry Group Co., Ltd
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Coherent, Inc
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Makino Milling Machine Co., Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Georg Fischer Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. IPG Photonics Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Traditional Micromachining Market by Process
4.1.1. Additive
4.1.2. Subtractive
4.1.3. Others
4.2. Global Traditional Micromachining Market by Axis
4.2.1. 3-Axes
4.2.2. 4-Axes
4.2.3. 5-Axes
4.2.4. Others
4.3. Global Traditional Micromachining Market by End-Use Industries
4.3.1. Automotive
4.3.2. Semiconductor
4.3.3. Aerospace and Defense
4.3.4. Medical and Aesthetics
4.3.5. Telecommunications
4.3.6. Power and Energy
4.3.7. Plastics and Polymers
4.3.8. Others
4.4. Global Traditional Micromachining Market by Material
4.4.1. Metals and Alloys
4.4.2. Polymers
4.4.3. Glass and Quartz
4.4.4. Ceramics
4.4.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 3D-Micromac AG
6.2. DATRON Dynamics, Inc.
6.3. Electro Scientific Industries, Inc.
6.4. Georg Fischer Ltd.
6.5. Heraeus Holding GmbH
6.6. Spezialglashütte Kugler Colors GmbH
6.7. Lumentum Operations LLC
6.8. Mitsubishi Heavy Industries Ltd.
6.9. MPM Pvt Ltd.
6.10. Oxford Lasers
6.11. Swisstec 3D
6.12. TORNOS SA
1. GLOBAL TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
2. GLOBAL TRADITIONAL ADDITIVE MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL TRADITIONAL SUBTRACTIVE MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL OTHER TRADITIONAL MICROMACHINING PROCESS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY AXIS, 2021-2028 ($ MILLION)
6. GLOBAL 3-AXES TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL 4-AXES TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL 5-AXES TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL OTHER AXIS TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2021-2028 ($ MILLION)
11. GLOBAL TRADITIONAL MICROMACHINING FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL TRADITIONAL MICROMACHINING FOR SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL TRADITIONAL MICROMACHINING FOR AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL TRADITIONAL MICROMACHINING FOR MEDICAL AND AESTHETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL TRADITIONAL MICROMACHINING FOR TELECOMMUNICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL TRADITIONAL MICROMACHINING FOR POWER AND ENERGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL TRADITIONAL MICROMACHINING FOR PLASTICS AND POLYMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL TRADITIONAL MICROMACHINING FOR OTHER END-USE INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
20. GLOBAL METALS AND ALLOYS IN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL POLYMERS IN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL GLASS AND QUARTZ IN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23. GLOBAL CERAMICS IN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
24. GLOBAL OTHER MATERIALS IN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
25. NORTH AMERICAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. NORTH AMERICAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
27. NORTH AMERICAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY AXIS, 2021-2028 ($ MILLION)
28. NORTH AMERICAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2021-2028 ($ MILLION)
29. NORTH AMERICAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
30. EUROPEAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. EUROPEAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
32. EUROPEAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY AXIS, 2021-2028 ($ MILLION)
33. EUROPEAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2021-2028 ($ MILLION)
34. EUROPEAN TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
36. ASIA-PACIFIC TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY AXIS, 2021-2028 ($ MILLION)
38. ASIA-PACIFIC TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2021-2028 ($ MILLION)
39. ASIA-PACIFIC TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
40. REST OF THE WORLD TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
41. REST OF THE WORLD TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
42. REST OF THE WORLD TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2021-2028 ($ MILLION)
43. REST OF THE WORLD TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY AXIS, 2021-2028 ($ MILLION)
44. REST OF THE WORLD TRADITIONAL MICROMACHINING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
1. GLOBAL TRADITIONAL MICROMACHINING MARKET SHARE BY PROCESS, 2021 VS 2028 (%)
2. GLOBAL TRADITIONAL MICROMACHINING MARKET SHARE BY AXIS, 2021 VS 2028 (%)
3. GLOBAL TRADITIONAL MICROMACHINING MARKET SHARE BY END-USE INDUSTRIES, 2021 VS 2028 (%)
4. GLOBAL TRADITIONAL MICROMACHINING MARKET SHARE BY MATERIAL, 2021 VS 2028 (%)
5. GLOBAL TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL TRADITIONAL ADDITIVE MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL TRADITIONAL SUBTRACTIVE MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL OTHER TRADITIONAL MICROMACHINING PROCESS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL 3-AXES TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL 4-AXES TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL 5-AXES TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL OTHER AXIS TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL TRADITIONAL MICROMACHINING FOR AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL TRADITIONAL MICROMACHINING FOR SEMICONDUCTOR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL TRADITIONAL MICROMACHINING FOR AEROSPACE AND DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL TRADITIONAL MICROMACHINING FOR MEDICAL AND AESTHETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL TRADITIONAL MICROMACHINING FOR TELECOMMUNICATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL TRADITIONAL MICROMACHINING FOR POWER AND ENERGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL TRADITIONAL MICROMACHINING FOR PLASTICS AND POLYMERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL TRADITIONAL MICROMACHINING FOR OTHER END-USE INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL METALS AND ALLOYS IN TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL POLYMERS IN TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL GLASS AND QUARTZ IN TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. GLOBAL CERAMICS IN TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25. GLOBAL OTHER MATERIALS IN TRADITIONAL MICROMACHINING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26. US TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
27. CANADA TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
28. UK TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
29. FRANCE TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
30. GERMANY TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
31. ITALY TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
32. SPAIN TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF EUROPE TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
34. INDIA TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
35. CHINA TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
36. JAPAN TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
37. SOUTH KOREA TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
38. REST OF ASIA-PACIFIC TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
39. REST OF THE WORLD TRADITIONAL MICROMACHINING MARKET SIZE, 2021-2028 ($ MILLION)
