Micromachining is a technique used for fabrication of 3D structures on the micrometer scale. Watch parts were considered to be micro components earlier however with the technological evolution has resulted into introduction of micro components in different fields from electronics to biomedical implants. The growing demand for micro, convenient and value for money products is driving the market for micromachining globally. With the trend of miniaturization, micromachining is becoming increasingly important in fabrication of micro parts.
Laser micromachining and electro chemical machining are among the emerging markets with and are projected to witness fastest growth during the forecast period owing to huge potential applications across the various end user industries. Industrial, medical and electronics and semiconductor industry are estimated to grow significantly due to growing demand for high precision and micro components. Technological advancement, demand for convenience, performance and other factors are driving the market for micromachining globally. The market is estimated to grow at a CAGR of XX% during 2016-2021 and reach $XXm in 2021.
Americas is estimated to hold the major share in the
micromachining market whereas APAC region is estimated to grow fastest at a CAGR of XX% during the forecast period.
Sample Companies profiled in the report are:
- 3D-Micromac AG,
- Electro Scientific Industries, Inc,
- Haas Laser Technologies, Inc
Other companies that held significant share in the market in 2015 are:
- 4JET Microtech GmbH & Co. KG,
- ISCAR LTD,
- Oxford Lasers, Inc,
- Vitro Laser Solutions UG,
- ES TECHNOLOGY
- AUREL Automation S.P.A .