Press release
Traditional Micromachining Market 2023 Driving Factors Forecast Research 2029
The global traditional micromachining market is anticipated to grow at a CAGR of 5.2% during the forecast period. The increased use of traditional micromachining systems in the production of miniaturized components for various industries and sectors, such as oil and gas, manufacturing and mining, is a key driver of market growth. The rising demand for numerous sensors, including motion sensors, location sensors and displacement sensors, in wearable devices such as electronic skin and smartwatches is expected to further drive the growth of the market. In addition, there is a major growth in the use of these technologies in the manufacture of automotive sensors such as positioning sensors. The high cost of these systems is expected to negatively impact market growth.Moreover, the market growth is also driven by the presence of prominent players operating in the market. Players such as G Georg Fischer Ltd.; IPG Photonics Corp.; and AMADA WELD TECH Co., Ltd. are focusing on strategies such as mergers, acquisitions, business expansion, and partnerships to bring new growth opportunities to the market. For instance, in April 2022, Lumentum Holdings Inc. expanded its product offering by adding high-precision ultrafast industrial lasers-the FemtoBlade. The FemtoBlade laser employs a modular design that provides increased flexibility and high power at high repetition rates which will enable faster processing and improved throughput for micromachining applications, including OLED, PCB, ceramic and glass cutting.
Further, in March 2021, II-VI Inc. opened a new applications laboratory in Suzhou, China, to support the growing industrial laser market in the region. The new applications laboratory will therefore provide close customer support on laser materials processing, including practical hands-on training, in-depth applications consulting, and detailed feasibility studies.
To Request a Sample of our Report on Traditional Micromachining Market: https://www.omrglobal.com/request-sample/traditional-micromachining-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Process
By Axis
By Material
By End-Use Industries
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Han's Laser Technology Industry Group Co., Ltd. Coherent, Inc., Makino Milling Machine Co., Ltd., Georg Fischer Ltd., and IPG Photonics Corp.
Traditional Micromachining Market Report by Segment
By Process
Additive
Subtractive
Others
By Axis
3-Axes
4-Axes
5-Axes
Others
By End-use Industries
Automotive
Semiconductor
Aerospace and Defense
Medical and Aesthetics
Telecommunications
Power and Energy
Plastics and Polymers
Others
By Material
Metals and Alloys
Polymers
Glass and Quartz
Ceramics
Others
A full Report of Traditional Micromachining Market is Available @ https://www.omrglobal.com/industry-reports/traditional-micromachining-market
Traditional Micromachining Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
3D-Micromac AG
DATRON Dynamics, Inc.
Electro Scientific Industries, Inc.
Georg Fischer Ltd.
Heraeus Holding GmbH
Spezialglashütte Kugler Colors GmbH
Lumentum Operations LLC
Mitsubishi Heavy Industries Ltd.
MPM Pvt Ltd.
Oxford Lasers
Swisstec 3D
TORNOS SA
Reasons to buy from us -
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.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/traditional-micromachining-market
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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