Press release
Precision positioning equipment Market 2023, Global opportunity analysis and industry forecast - 2023-2030
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Introduction
Precision positioning equipment is used in various industrial and consumer applications, including automotive, semiconductor & electronics, healthcare, and consumer electronics. The use of precision positioning equipment enables a high level of accuracy and precision in the positioning of objects, components, and machines.
The advancements in the automotive, semiconductor & electronics, and healthcare industries are driving the demand for precision positioning equipment. The growing demand for advanced positioning solutions for various industrial applications is expected to propel the growth of the precision positioning equipment market.
Recent Study
A recent study conducted by AMR, a market research firm, estimates that the precision positioning equipment market is projected to grow from USD 3.8 billion in 2020 to USD 5.2 billion by 2025, at a CAGR of 6.7%.
The growth of the precision positioning equipment market is mainly driven by the increasing demand for advanced positioning solutions in the automotive, semiconductor & electronics, and healthcare industries. The increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is expected to drive the growth of the precision positioning equipment market.
The precision positioning equipment market is segmented based on type, end-user industry, and geography. Based on type, the precision positioning equipment market is segmented into three categories: linear positioning equipment, rotary positioning equipment, and multi-axis positioning equipment. The linear positioning equipment segment is expected to hold the largest market share during the forecast period. The growth of this segment is mainly driven by the increasing demand for linear actuators in the automotive, semiconductor & electronics, and healthcare industries.
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Conclusion
The precision positioning equipment market is expected to register a CAGR of 6.7% during the forecast period (2020-2025). The growth of the market is mainly driven by the increasing demand for advanced positioning solutions in the automotive, semiconductor & electronics, and healthcare industries. The increasing adoption of advanced technologies such as AI and ML is also expected to drive the growth of the precision positioning equipment market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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