Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Micromachining Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global micromachining market grew at a CAGR of around 8% during 2015-2020. Micromachining refers to a manufacturing technology that relies on mechanical tools to produce a variety of three-dimensional (3D) micro components. It provides greater agility and faster repeatable cutting operations with high quality and precision. Therefore, it finds extensive application in the semiconductor and healthcare industries for manufacturing small and intricate parts of plastic and metals. Presently, electrochemical micromachining (EMM) is gaining preference in the fabrication of micro products as it is easy to use, consumes low energy, requires few complex components, and offers high repeatability and scalability.

The escalating demand for precision manufacturing, along with the growing focus on producing specialized products, represents one of the primary factors stimulating the market growth. Apart from this, a considerable shift towards nanotechnology for the miniaturization of components, ranging from electronic devices to chemical microreactors, is contributing to the market growth. Moreover, the technology can be used for manufacturing large parts with greater accuracy and speed. The emerging 5G technology and the widespread adoption of the Internet of Things (IoT) are also positively influencing the demand for micromachining to manufacture telecom equipment, sensors and other devices. Furthermore, the increasing adoption of micro-sized medical implants on account of the growing popularity of minimally invasive surgery (MIS) and intravenous (IV) procedures is bolstering the market growth. Besides this, the integration of complex micromachined parts with microprocessors and other integrated circuits (ICs) devices is anticipated to expand the application of micromachining in the automotive industry for producing cost-effective electronics systems. Looking forward, IMARC Group expects the global micromachining market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global micromachining market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, process, axis and end use industry.

Breakup by Type:

  • Traditional
  • Non-traditional
    • EDM
    • ECM
    • Laser
  • Hybrid
     

Breakup by Process:

  • Additive
  • Subtractive
  • Others
     

Breakup by Axis:

  • 3-axis
  • 4-axis
  • 5-axis
     

Breakup by End Use Industry:

  • Automotive
  • Semiconductors and Electronics
  • Aerospace and Defense
  • Healthcare
  • Telecommunications
  • Power and Energy
  • Plastics and Polymers
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amada Co. Ltd., Coherent Inc., Mks Instruments Inc., Georg Fischer AG, Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Makino Milling Machine Co. Ltd., Mitsubishi Heavy Industries Ltd, OpTek Systems (Safety Technology Holdings Inc.) and Oxford Lasers Limited.

Key Questions Answered in This Report:

  • How has the global micromachining market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global micromachining market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the axis?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global micromachining market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1   Objectives of the Study
    2.2   Stakeholders
    2.3   Data Sources
        2.3.1   Primary Sources
        2.3.2   Secondary Sources
    2.4   Market Estimation
        2.4.1   Bottom-Up Approach
        2.4.2   Top-Down Approach
    2.5   Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1   Overview
    4.2   Key Industry Trends
5   Global Micromachining Market
    5.1   Market Overview
    5.2   Market Performance
    5.3   Impact of COVID-19
    5.4   Market Forecast
6   Market Breakup by Type
    6.1   Traditional
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2   Non-traditional
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 EDM
           6.2.2.2 ECM
           6.2.2.3 Laser
        6.2.3 Market Forecast
    6.3   Hybrid
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Process
    7.1   Additive
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2   Subtractive
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3   Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Axis
    8.1   3-axis
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2   4-axis
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3   5-axis
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by End Use Industry
    9.1   Automotive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2   Semiconductors and Electronics
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3   Aerospace and Defense
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4   Healthcare
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5   Telecommunications
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6   Power and Energy
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7   Plastics and Polymers
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8   Others
        9.8.1 Market Trends
        9.8.2 Market Forecast
10   Market Breakup by Region
    10.1   North America
        10.1.1   United States
            10.1.1.1 Market Trends
            10.1.1.2 Market Forecast
        10.1.2   Canada
            10.1.2.1 Market Trends
            10.1.2.2 Market Forecast
    10.2   Asia Pacific
        10.2.1   China
            10.2.1.1 Market Trends
            10.2.1.2 Market Forecast
        10.2.2   Japan
            10.2.2.1 Market Trends
            10.2.2.2 Market Forecast
        10.2.3   India
            10.2.3.1 Market Trends
            10.2.3.2 Market Forecast
        10.2.4   South Korea
            10.2.4.1 Market Trends
            10.2.4.2 Market Forecast
        10.2.5   Australia
            10.2.5.1 Market Trends
            10.2.5.2 Market Forecast
        10.2.6   Indonesia
            10.2.6.1 Market Trends
            10.2.6.2 Market Forecast
        10.2.7   Others
            10.2.7.1 Market Trends
            10.2.7.2 Market Forecast
    10.3   Europe
        10.3.1   Germany
            10.3.1.1 Market Trends
            10.3.1.2 Market Forecast
        10.3.2   France
            10.3.2.1 Market Trends
            10.3.2.2 Market Forecast
        10.3.3   United Kingdom
            10.3.3.1 Market Trends
            10.3.3.2 Market Forecast
        10.3.4   Italy
            10.3.4.1 Market Trends
            10.3.4.2 Market Forecast
        10.3.5   Spain
            10.3.5.1 Market Trends
            10.3.5.2 Market Forecast
        10.3.6   Russia
            10.3.6.1 Market Trends
            10.3.6.2 Market Forecast
        10.3.7   Others
            10.3.7.1 Market Trends
            10.3.7.2 Market Forecast
    10.4   Latin America
        10.4.1   Brazil
            10.4.1.1 Market Trends
            10.4.1.2 Market Forecast
        10.4.2   Mexico
            10.4.2.1 Market Trends
            10.4.2.2 Market Forecast
        10.4.3   Others
            10.4.3.1 Market Trends
            10.4.3.2 Market Forecast
    10.5   Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11   SWOT Analysis
    11.1   Overview
    11.2   Strengths
    11.3   Weaknesses
    11.4   Opportunities
    11.5   Threats
12   Value Chain Analysis
13   Porters Five Forces Analysis

    13.1   Overview
    13.2   Bargaining Power of Buyers
    13.3   Bargaining Power of Suppliers
    13.4   Degree of Competition
    13.5   Threat of New Entrants
    13.6   Threat of Substitutes
14   Competitive Landscape
    14.1   Market Structure
    14.2   Key Players
    14.3   Profiles of Key Players
        14.3.1   Amada Co. Ltd.
            14.3.1.1 Company Overview
            14.3.1.2 Product Portfolio
            14.3.1.3 Financials
        14.3.2   Coherent Inc.
            14.3.2.1 Company Overview
            14.3.2.2 Product Portfolio
            14.3.2.3 Financials
            14.3.2.4 SWOT Analysis
        14.3.3   Mks Instruments Inc.
            14.3.3.1 Company Overview
            14.3.3.2 Product Portfolio
            14.3.3.3 Financials
            14.3.3.4 SWOT Analysis
        14.3.4   Georg Fischer AG
            14.3.4.1 Company Overview
            14.3.4.2 Product Portfolio
            14.3.4.3 Financials
        14.3.5   Han’s Laser Technology Industry Group Co. Ltd.
            14.3.5.1 Company Overview
            14.3.5.2 Product Portfolio
            14.3.5.3 Financials
        14.3.6   IPG Photonics Corporation
            14.3.6.1 Company Overview
            14.3.6.2 Product Portfolio
            14.3.6.3 Financials
        14.3.7   Makino Milling Machine Co. Ltd.
            14.3.7.1 Company Overview
            14.3.7.2 Product Portfolio
            14.3.7.3 Financials
        14.3.8   Mitsubishi Heavy Industries Ltd.
            14.3.8.1 Company Overview
            14.3.8.2 Product Portfolio
            14.3.8.3 Financials
            14.3.8.4 SWOT Analysis
        14.3.9   OpTek Systems (Safety Technology Holdings Inc.)
            14.3.9.1 Company Overview
            14.3.9.2 Product Portfolio
        14.3.10   Oxford Lasers Limited
            14.3.10.1 Company Overview
            14.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Micromachining Market: Major Drivers and Challenges
Figure 2: Global: Micromachining Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Micromachining Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Micromachining Market: Breakup by Type (in %), 2020
Figure 5: Global: Micromachining Market: Breakup by Process (in %), 2020
Figure 6: Global: Micromachining Market: Breakup by Axis (in %), 2020
Figure 7: Global: Micromachining Market: Breakup by End Use Industry (in %), 2020
Figure 8: Global: Micromachining Market: Breakup by Region (in %), 2020
Figure 9: Global: Micromachining (Traditional) Market: Sales Value (in Million US$), 2015 and 2020
Figure 10: Global: Micromachining (Traditional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Micromachining (Non-traditional) Market: Sales Value (in Million US$), 2015 and 2020
Figure 12: Global: Micromachining (Non-traditional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Micromachining (Hybrid) Market: Sales Value (in Million US$), 2015 and 2020
Figure 14: Global: Micromachining (Hybrid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Micromachining (Additive) Market: Sales Value (in Million US$), 2015 and 2020
Figure 16: Global: Micromachining (Additive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Micromachining (Subtractive) Market: Sales Value (in Million US$), 2015 and 2020
Figure 18: Global: Micromachining (Subtractive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Micromachining (Other Processes) Market: Sales Value (in Million US$), 2015 and 2020
Figure 20: Global: Micromachining (Other Processes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Micromachining (3-axis) Market: Sales Value (in Million US$), 2015 and 2020
Figure 22: Global: Micromachining (3-axis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Micromachining (4-axis) Market: Sales Value (in Million US$), 2015 and 2020
Figure 24: Global: Micromachining (4-axis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Micromachining (5-axis) Market: Sales Value (in Million US$), 2015 and 2020
Figure 26: Global: Micromachining (5-axis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Micromachining (Automotive) Market: Sales Value (in Million US$), 2015 and 2020
Figure 28: Global: Micromachining (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Micromachining (Semiconductors and Electronics) Market: Sales Value (in Million US$), 2015 and 2020
Figure 30: Global: Micromachining (Semiconductors and Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Micromachining (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 and 2020
Figure 32: Global: Micromachining (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Micromachining (Healthcare) Market: Sales Value (in Million US$), 2015 and 2020
Figure 34: Global: Micromachining (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Micromachining (Telecommunications) Market: Sales Value (in Million US$), 2015 and 2020
Figure 36: Global: Micromachining (Telecommunications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Micromachining (Power and Energy) Market: Sales Value (in Million US$), 2015 and 2020
Figure 38: Global: Micromachining (Power and Energy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Micromachining (Plastics and Polymers) Market: Sales Value (in Million US$), 2015 and 2020
Figure 40: Global: Micromachining (Plastics and Polymers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Micromachining (Other End Use Industries) Market: Sales Value (in Million US$), 2015 and 2020
Figure 42: Global: Micromachining (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: North America: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 44: North America: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: United States: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 46: United States: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Canada: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 48: Canada: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Asia Pacific: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 50: Asia Pacific: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: China: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 52: China: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Japan: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 54: Japan: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: India: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 56: India: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: South Korea: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 58: South Korea: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Australia: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 60: Australia: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Indonesia: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 62: Indonesia: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 64: Others: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Europe: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 66: Europe: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Germany: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 68: Germany: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: France: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 70: France: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: United Kingdom: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 72: United Kingdom: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Italy: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 74: Italy: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Spain: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 76: Spain: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Russia: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 78: Russia: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Others: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 80: Others: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Latin America: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 82: Latin America: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Brazil: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 84: Brazil: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Mexico: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 86: Mexico: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Others: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 88: Others: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Middle East and Africa: Micromachining Market: Sales Value (in Million US$), 2015 and 2020
Figure 90: Middle East and Africa: Micromachining Market: Breakup by Country (in %), 2020
Figure 91: Middle East and Africa: Micromachining Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Global: Micromachining Industry: SWOT Analysis
Figure 93: Global: Micromachining Industry: Value Chain Analysis
Figure 94: Global: Micromachining Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Micromachining Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Micromachining Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Micromachining Market Forecast: Breakup by Process (in Million US$), 2021-2026
Table 4: Global: Micromachining Market Forecast: Breakup by Axis (in Million US$), 2021-2026
Table 5: Global: Micromachining Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 6: Global: Micromachining Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Micromachining Market: Competitive Structure
Table 8: Global: Micromachining Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links