Micromachining Market Report 2026

The micromachining market size has grown strongly in recent years. It will grow from $3.42 billion in 2025 to $3.7 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to miniaturization of electronic components, growth of semiconductor manufacturing, demand for precision medical devices, advancements in laser and EDM technologies, expansion of aerospace component manufacturing.

The micromachining market size is expected to see strong growth in the next few years. It will grow to $5.02 billion in 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to increasing demand for micro scale medical implants, growth in MEMS and microelectronics production, rising adoption of laser micromachining, demand for complex micro geometries, investment in advanced manufacturing research. Major trends in the forecast period include rising demand for ultra precision components, adoption of non traditional micromachining processes, growth in multi axis micromachining systems, increasing use of hybrid micromachining techniques, demand for cost efficient high accuracy fabrication.

The increasing demand for construction activities is expected to drive the growth of the micromachining market going forward. Construction activities encompass the tasks and operations involved in building, renovating, or developing structures such as buildings, infrastructure, and facilities. Micromachining techniques are applied to create small-diameter holes for anchors, bolts, and fasteners, ensuring secure and stable connections in construction projects. For instance, in April 2025, Nilead, a Vietnam-based digital solutions platform, reported that US construction spending increased 3.2% from 2022 to 2023, with modest growth expected in 2025. Therefore, rising construction activities are boosting demand for micromachining solutions.

Major companies in the micromachining market are developing innovative technologies, such as ultraviolet (UV) lasers, to meet the demand for high-precision material processing in electronics, semiconductor, display, and medical industries. For example, in January 2023, IPG Photonics, a US-based fiber laser manufacturer, launched three new UV lasers: a 3-watt continuous-wave single-frequency fiber laser for inspection and photolithography, a 5-watt nanosecond pulsed fiber laser for micro-cutting, drilling, texturing, and marking, and a 5-watt picosecond pulsed fiber laser for precise micro-cutting, drilling, and processing of flexible circuits. These lasers offer higher precision, faster processing, and reduced thermal damage compared with traditional systems, enabling more efficient and reliable micromachining for high-tech applications.

In January 2024, Integer, a US-based provider of advanced medical devices and healthcare solutions, acquired Pulse Technologies for $140 million. The acquisition aims to enhance Integer’s technological capabilities and expand its medical device portfolio. Pulse Technologies is a US-based provider of specialized medical technologies and innovative healthcare solutions.

Major companies operating in the micromachining market are Amada Weld Tech Co. Ltd., Coherent Inc., Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Lumentum Holdings Inc., ELAS Ltd., DATRON Dynamics Inc., Electro Scientific Industries Inc., MKS Instruments Inc., TRUMPF Group, Oxford Lasers Ltd., 3D-Micromac AG, Makino Milling Machine Co. Ltd., Reith Laser B.V., Potomac Laser, 4JET Microtech GmbH, Microlution Inc., AMETEK Precitech Inc., Posalux SA, SCANLAB GmbH, Senfeng Laser Inc., SUZHOU CHANXAN LASER TECHNOLOGY Co. Ltd., Evlaser srl.

Asia-Pacific was the largest region in the micromachining market in 2025. The regions covered in the micromachining market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the micromachining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The micromachining market includes revenues earned by entities by providing services such as wet bulk-micromachining, reactive ion etching (RIE), and deep reactive ion etching (DRIE), surface micromachining, and laser micromachining. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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