The global micromachining market size was valued at $2.51 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 7% from 2021 to 2027. Micro components in industries such as automotive, medical, consumer electronics, medical and aerospace. As production technology advances, the time required to manufacture parts has been shortened, further accelerating market growth. Besides, various companies in the manufacturing sector such as Johnson Matthey and Tekniker have been shown to favor laser-based materials over traditional micromachining, which is a good sign for market growth.
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A full report of Micromachining Market available at: https://www.orionmarketreports.com/micromachining-market/42539/
Micromachining Market Segments:
By Type:
• Traditional
• Non-traditional
• Hybrid
By Process:
• Additive
• Subtractive
• Others
By Axis:
• 3-axes
• 4-axes
• 5-axes
• Others
By Industry:
• Automotive
• Semiconductor & Electronics
• Aerospace & Defense
• Medical & Aesthetics
• Telecommunications
• Power & Energy
• Plastics & Polymers
• Gems & Jewelry
• Others (Machine tools & Manufacturing, Watchmaking, Glass)
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• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
