The global micromachining market size was valued at USD 2, 785.3 million in 2022 and is poised to grow at a CAGR of 7.6% in 2023-2029. The primary factors that drive the market are the growing adoption of micromachining systems for the fabrication of micro parts in industries such as aerospace, consumer electronics, healthcare, automotive, and healthcare and the growing progressions in the production technologies have led to a decrease in the time needed for the production of components.
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