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Laser Micromachining Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Laser Micromachining Market – by Solution (Platform and Micromachining Services); by Raw Material (Metals & Alloys, Plastic, Glass & Quartz Silicon, Optic Materials, Ceramics, Polymers, Thin Films, Composites, and Others); by Process (Additive, Subtractive, and Others); by Application (Micro Hole Drilling, Cutting, 3D Micro Milling, Scribing, Blind hole machining, 3D Printing, Laser Marking, Selective Material Removal, Laser Lift-Off, Annealing, Ultrafine Marking, Others); By Industry (Automotive, Semiconductor & Electronics, Aerospace & Defense, Medical & Aesthetics, Telecommunications, Power & Energy, Plastics & Polymers, Gems & Jewelry, and Others)- Opportunity, Competitive Dashboard, Market Share, Forecast to 2030

  • Published On: 03-Feb-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0222133
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Laser Micromachining Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 207.3 Mn
Expected Revenue in 2030US$ 368.2 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR6.84%
Segments coveredBy Solution, Raw Material, Process, Application, Industry,  and Region
Key Companies3D-Microag AG, 4JET Microtech GmbH, IPG Photonics Corp., and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Micromachining is a manufacturing technology that involves the use of mechanical micro tools with geometrically defined cutting edges in the subtractive fabrication of devices or features with at least some of their dimensions in the micrometer range.

Laser micromachining can create extremely small features – generally under 1 mm– with a high degree of repeatability and without causing damage to the surrounding material.

The Global Laser Micromachining Market is estimated to grow at a CAGR of 6.84% during the forecast period 2022-2030.

The growing impetus of the laser micromachining market is attributed to miniaturization of electronics devices.

In industries such as healthcare, smaller medical equipment has resulted in painless diagnoses and procedures. Therefore, the demand for micro and nano-sized surgery equipment is increasing in the medical business.

Factors such as high costs associated with micromachining will pose a big-time challenge to the market growth rate.

The Global Laser Micromachining Market is segmented based on solutions, raw materials, process, application, end user industry, and region.

Rising government funding for the development of micromachining systems is an emerging opportunity for the market expansion.

Platform segment has the highest share in the Global Laser Micromachining Market in 2021.

Metals & alloys are major raw materials used in the laser micromachining industry.

In 2021, automotive industry is the highest end user industry in the Global Laser Micromachining Market

Asia Pacific region dominates the Global Laser Micromachining Market in 2021.

The key players in the Global Laser Micromachining Market are 3D-Microag AG, 4JET microtech GmbH, KJ Laser Micromachining, OpTek Ltd., and Georg Fischer Ltd. among others.