Press release
Micromachining Market to Reach US$ 5.48 Bn at a CAGR of 7.6% in 2027 | The Insight Partners
Micromachining Market: Key InsightsThe Micromachining market was valued at US$ 2,865.1 Mn in 2018 and is projected to reach US$ 5,488.2 Mn by 2027; it is expected to grow at a CAGR of 7.6% from 2019 to 2027.
Micromachining Market: Competitive Landscape and Key Developments
The key micromachining market players profiled in this research study include 3D-Micromac AG, 4JET microtech GmbH, IPG Photonics Corporation, KJ Laser Micromachining, OpTek Ltd., Oxford Lasers Ltd, PhotoMachining, Inc., Potomac Laser, Reith Laser B.V., and Amada Miyachi, Inc.
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In 2019, Amada Miyachi America Secures Large Order for Laser Micromachining Systems.
In 2018, 3D-Micromac unveils laser-based high-volume preparation solution for semiconductor and materials failure analysis.
With rising technological advancements in the consumer electronics industry and fast-changing consumer preferences, the market landscape of global consumer electronics is changing fast. The demand for devices with advanced features is witnessing immense growth from both developed as well as developing countries. With rising disposable income levels and falling prices of technology products, the penetration of electronic devices such as smartphones, tablets, washing machines, refrigerators, is increasing at an unprecedented rate.
The report segments the global micromachining market as follows:
Global Micromachining Market – By Process
Photolithography
Laser Machining
Micro-EDM
Micromechanical Machining
Global Micromachining Market – By Raw Material
Metals & Alloys
Polymers
Glass & Quartz
Ceramics
Global Micromachining Market – By Application
Aerospace & Defense
Medical
Telecommunications
Semiconductor & Electronics
Automotive
Industrial
Others
Order a Copy of Micromachining Market Size, Share, Strategic Insights, and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00006588/?utm_source=OpenPR&utm_medium=10384
Raw Material-Based Market Insights
Based on raw material, the global micromachining market is categorized into metals & alloys, polymers, glass & quartz, and ceramics. Polymers are defined as materials that are made of long and repeating chains of various types of molecules. Polymers are characterized by unique properties such as high melting point, high boiling point, high elasticity, and high strength, etc., depending on the type of bonding molecules. Polymers can be either natural or synthetic and they are sometimes used to describe plastics (synthetic polymers). Micromachining is used for various applications including custom plastic parts fabrication, patterning of metalized plastics, small hole drilling, precision cutting of polymers, polymer circuit excision, blind channels, and others.
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