Micromachining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

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Micromachining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

Status : January, 2023 | Semiconductor & Electronics

Report Digest

The manufacturing industry is witnessing an exponential rise of the Industry 4.0 trend, and a mounting number of industry players aiming to bolster the digital transformation of their production capabilities. Consequently, micromachining or mechanical micromachining has gained immense popularity as a leading manufacturing technology that transforms the use of mechanical micro tools into the technique of  single process machining.

The growth of the global micromachining market is mainly attributed to the dramatic rise in adoption of mechanical micro tools in production of micro components in various industries. The range of end-use industries is constantly widening in the micromachining market, and includes automotive, healthcare, consumer electronics, and aerospace industries. Leading players in the micromachining market can be seen leveraging the recent advancements in various production technologies to offer versatile product features that improves the efficiency and productivity of the entire process.

New Growth Avenues in Semiconductor and Electronics Industry Boost Market Growth

Ongoing technological innovations and significantly high demand for consumer electronics are among the major factors that are driving the semiconductor and electronics industry. The space is riding the wave of miniaturization, and this opens up a new window of opportunities for players in the micromachining market. Miniaturization does not only call for the use of advanced technologies but also creates a demand for tools that support this kind of manufacturing. This is the leading factor that employs micromachining in this ever-growing industry.

Leading players in the micromachining market are leveraging the growth prospects of the semiconductor and electronics industry and diversifying their offerings to cater to the industry-specific requirements. For instance, manufacturers are offering laser micromachining tools that can support precise machining and production of miniature components of next-generation consumer electronics products. Furthermore, the integration of new technologies such as artificial intelligence and internet of things (IoT) is also expected to widen the scope for innovation in the micromachining market in the coming years.

Multiple Fabrication Steps Involved in Micromachining make Systems Complex and Expensive

Micromachining involves various mechanical components being fabricated very close to each other and this can lead to stiction, making separation of those components extremely difficult. Also, the process is also known for generating only low aspect ratio devices, and this is why it is only suitable for gear drives and comb drives. It involved higher fabrication steps, making the entire process of micromachining extremely complex and expensive. Furthermore, integration of such complex technologies leads to repetitive deposition of thin layers on wafers, limiting its implementation in large structures.

Implementation of 5-axes Micromachining Processes to Pick Pace

5-axis micromachining involves the use of cutting tools that are relatively shorter than the ones used in 3- and 4-axes micromachining. The biggest advantage of using 5-axes micromachining is that it enables end users to reach faster cutting speeds and eventually mitigates vibrations in those tools. This does not only improve productivity but also reduces the possibility of imperfections and flaws in the material.

A mounting number of end-use industries including automotive, medical devices, military & defense, and semiconductor and electronics industries are resorting to the use of 5-axes micromachining to attain accuracy and precision in manufacturing. Furthermore, end users are also aiming to leverage the fact that the 5th axis in micromachining adds to the potential of wide-ranging applications of machineries. This is expected to give rise to this trend in the micromachining market in the coming future.

North America Proves Lucrative; New Opportunities in APAC Attract Market Players

North America is currently the leading region in the global micromachining market, mainly attributed to the strong presence of market leaders in the United States of America. Leading players have a wide network of distributors and vendors in the country, which ultimately leads to the profitability and opportunities in the market. 

micromachining market

On the other hand, rapid growth and developments of end-use industries in the Asia Pacific region also change various dynamics of the global micromachining market. Large presence of manufacturers of automotive components in the region is mainly contributing to the growth of the APAC market for micromachining. Consequently, the APAC market is expected to account for nearly one-third revenue share in the global micromachining market by the end of this decade.

Competitive Landscape

Key players in the micromachining market include Makino Milling Machine Co., Ltd., Georg Fischer Ltd., Mitsubishi Heavy Industries, Ltd, Lumentum Holdings Inc., Coherent, Inc., Han’s Laser Technology Industry Group Co., Ltd, DATRON Dynamics, Inc., IPG Photonics Corporation, Electro Scientific Industries, Inc., and Heraeus Holding GmbH, among others. Leading manufacturers have adopted strategies to expand their product as well as technology portfolio by expanding their manufacturing capabilities. Many are also resorting to merger & acquisition strategies to diversify their portfolios in order to meet the specific needs of a wide range of end-use industries.


Based on type, the micromachining market can be segmented as:

  • Traditional
  • Non-traditional
  • Hybrid

Based on axis, the micromachining market can be segmented as:

  • 3-axes
  • 4-axes
  • 5-axes
  • Others

Based on process, the micromachining market can be segmented as:

  • Subtractive
  • Additive
  • Others

Based on end-use industries, the micromachining market can be segmented as:

  • Semiconductor & Electronics
  • Telecommunications
  • Automotive
  • Medical & Aesthetics
  • Aerospace & Defense
  • Plastics & Polymers
  • Power & Energy
  • Gems & Jewelry
  • Others (Glass making, Machine tools & Manufacturing, Watchmaking)

This study provides a particularized anatomy according to the L.E.A.P mechanism.

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

This report is the key to questions such as:

  • What was the market size in 2020?

According to our analysis, the global micromachining market reached a valuation of around US$ 2.5 billion, and the positive growth of the market was mainly attributed to the rising end user inclination towards laser-based micromachining systems. Our analysts also opine that the market is likely to witness healthy growth at a CAGR of over 6% during 2020 to 2030.

  • Which regional market will create profitable opportunities for manufacturers?

North America is expected to emerge as a lucrative market for micromachining as a majority of global players have a strong presence in the region. Our analysts have found that the leading players that have consolidated their position in North America include General Electric, Coherent, General Motors, Ford, and Rockwell Automation.

  • What is the successful strategy adoption by market leaders?

Our analysis highlights a major trend of manufacturers’ inclination towards the diversification of technology-focused, laser-based micromachining product portfolios. Manufacturers are also moving towards expanding their global networks with vendors and distributors to diversify their revenue streams in the coming years.

  • What will be the market valuation by 2030?

High-quality metal cutting machines will continue to witness high demand across a wide range of industrial applications, and this will continue to highlight the importance of micromachining in the coming years. Our analysts projections point towards positive growth prospects of the micromachining market with the estimates of the market to be valued at over US$ 4 billion by 2030.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?