**5. Micromachining market**

Recent trends in product miniaturization in the electronics and semiconductor industries, where micromachining is essential for producing tiny parts, are driving the market. The micromachining market is expanding due to factors like faster data rates, greater compatibility with various wireless technologies, and longer battery lives of products, which is pushing IC manufacturers to rethink traditional production techniques. As a result, more electrochemical and laser machining processes are being used to produce micro components and provide precision machining. The application of Artificial Intelligence and the integration of the Internet of Things, Augmented Reality, Virtual Reality and 5G industries are also expected to benefit the market [20, 21]. Also, due to its widespread use in automotive industry, micromachining is becoming more and more in demand. It is used in fuel injection devices and electrical parts found in electrical vehicles.

Micromachining market share can be segmented on the basis of type, process, axis, end-use and regions [22–24]:


## *Introductory Chapter: Current Trends in Micromachining Technology DOI: http://dx.doi.org/10.5772/intechopen.114841*

micromachining industry was led by 3-axes micromachining especially in advanced optics market. Nowadays, 5-axis micromachining replaces the casting process in realization of ultra-complex solid components mostly used in aerospace, automobile, medical and military equipment.

• By end-use, the micromachining market is oriented towards numerous industries: semiconductors, electronics, telecommunications, energetics, medical, automotive, military, aerospace, polymers, etc. (**Figure 4**). Electronic

**Figure 3.** *Micromachining market share by axis.*

**Figure 4.** *Micromachining market share by end-use.*
