Press Release / Business / Micromachining Market Overview by Industry Size, Top Trends, Drivers, Growth and Forecast 2025
Micromachining Market Overview by Industry Size, Top Trends, Drivers, Growth and Forecast 2025
By Avinash Gogawale on June 23 2022 | 608 Views
The Micromachining Market Size is expected to grow from USD 2.4 billion in 2020 to USD 3.3 billion by 2025, at a CAGR of 6.2%.
The Micromachining Market Size is expected to grow from USD 2.4 billion in 2020 to USD 3.3 billion by 2025, at a CAGR of 6.2%. The main factor accelerating the micromachining industry growth is its growing demand for the miniaturization of electronic devices and preference towards laser-based micromachining over the traditional approach.
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), Han’s Laser Technology Industry Group Co., Ltd (China), Electro Scientific Industries, Inc. (US), IPG Photonics Corporation (US), and Heraeus Holding GmbH (Germany) are a few of the major companies operating in the Global Micromachining Market. 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 many others.
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COHERENT ranked first in the Micromachining Market. The company has a laser technology-focused micromachining product portfolio for applications in microelectronics, materials processing, and OEM components and instrumentation. The laser solutions offered by the company are of various types such as diode-pumped solid-state lasers (DPSS), fiber lasers, gas lasers (CO, CO2, excimer, ion), optically pumped semiconductor lasers (OPSL), ultrafast (UF) lasers, and semiconductor lasers. The company has focused its micromachining offering based on laser technology only and hence has a comprehensive product portfolio based on it. Also, more than 80% of the revenue of the company comes from outside of the US, suggesting that the company has an extensive reach worldwide.
Makino ranked second in the Global Micromachining Market. The company offers high-quality metal cutting and EDM machines that include horizontal machining centers, vertical machining centers, 5-axis machining centers, graphite machining centers, and wire and sinker EDMs. The company is present in Asia, the Americas, and Europe. The micromachining offerings by the company have features such as advanced spindle temperature control, rigid machine construction, and unique EDM advancements. The micromachining equipment is capable of machining and repeatability. The company has a comprehensive product portfolio in wire EDM that makes it robust in the Micromachining Market.
Han’s Laser ranked third in the Global Micromachining Market. The company offers laser marking machines, laser welding machines, laser cutting machines, 3D printers, collaborative robots, CNCs, and gap & step inspection machines. The industries catered by the company covers automotive, metal, electronics & semiconductor, and packaging. The products that are offered by the company under micromachining are used for UV laser depaneling, laser marking, laser decoating, laser wire stripping, and wafer laser marking.
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