Micromachining Market Outlook To 2027 With Prominent Players

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With rising technological advancements in the consumer electronics industry and fast changing consumer preferences, the market landscape of global consumer electronics is changing fast. The demand for devices with advanced features is witnessing immense growth from both developed as well as developing countries. With rising disposable income levels and falling prices of technology products, the penetration of electronic devices such as smartphones, tablets, washing machines, refrigerators, is increasing at an unprecedented rate.

During the past decade, majority of this growth is driven by emerging markets such as India and China. Technology development is at the core of this industry and the adoption of disruptive technologies such as IoT, blockchain, cloud, augmented reality, and AI is boosting the growth of advanced manufacturing techniques in this industry. The growing demand for technologically advanced consumer electronics products worldwide is anticipated to boost the future adoption of micromachining solutions in this industry during the forecast period.

Some of the key players operating in the micromachining market especially in the field of laser micromachining include 3D-Micromac AG, IPG Photonics Corporation, Oxford Lasers Ltd, Amada Miyachi, Inc., and KJ Laser Micromachining.