The Electronic beam machining market revenue totalled US$ 192.3 Million in 2022. The Electronic beam machining market is expected to reach US$ 379.8 Million by 2033, growing at a CAGR of 6.5% for 2023 to 2033.
Attributes
Details
Estimated Year (2023) Market Value
US$ 201.7 Million
Projected Year (2033) Market Value
US$ 379.8 Million
CAGR% (2023 to 2033)
6.5%
Top 5 Vendor Market Share
32%
Electronic beam machining is a type of thermal machining that uses high-velocity Electronics condensed into a narrow beam to quickly heat, melt, or vaporise the material. This method is utilised in a variety of applications including as drilling, cutting, annealing, and welding.
Over the forecast period, the market for electronic beam machining is expected to earn significant revenue. The demand for welding of all-size and crucial automotive parts as well as expanding automobile production, is expected to drive the market for electronic beam machining throughout the forecasted period.
As a result, organizations and end users are widely implementing these solutions to ensure the long-term success of their enterprises.
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2018 to 2022 Electronic beam machining Market Demand Outlook Compared to 2023 to 2033 Forecast
The CAGR for compliance and traceability market is expected to grow from 4.4% in 2018 to 22 to 6.5% in 2023 to 2033.
Electronic beam welding is used in these industries for a diverse range of reasons, such as connecting of two different materials, soldering of complicated parts used in satellites or car parts, massive volumes of jobs with pinpoint accuracy and product testing, higher strain pace, thin welds, and low expense reified to welding done in a quick pass.
Electronic Beam Machining is Becoming Increasingly Popular in Aviation and Automobile Sectors
The electronic beam machining market is expected to expand. Because of the advantages of electronic beam welding, the technique is finding new applications. Welding is utilised in the aviation and automobile industries. due of its heavy price, the use of available technology, the velocity of machining, the expenditure of the technique, and an increase in the need for soldering and external heat solution for power trains, cog pieces, axles, and other items. In the long run, this factor will considerably increase market growth.
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Regional Analysis
During the forecast period, North America is expected to have the largest market for electronic beam machining with a market share of 33.3%. The use of electronic beam machining in North America will be fuelled by the growth of the manufacturing, healthcare, and IT & telecom industries.
With a CAGR of 15.6% South Asia & Pacific is set become the fastest growing region in the Electronic beam machining market.
Country wise insights
High Demand for Electronic Beam Machining as a standard in USA
Aerospace components necessitate wire EDM finishing, which easily processes difficult materials and parts with complicated geometries and tight precision features. Customers in the aerospace and military industries anticipate serialisation, tracking, and inspection traceability in production volumes. Even research organisations like NASA require precision aerospace machining and wire EDM services.
These factors lead to USA having the highest market share of 36.4%
Germany sees rise in demand for EDM
Rising manufacturing and the automotive sector are majorly driving market expansion. The country's key industrial sectors include automotive, mechanical engineering, and electrical engineering. Volkswagen, Daimler, BMW, and Siemens are among the worldwide players with industrial operations in Germany.
These factors lead Germany to have the market share of 17.9%
Indian Manufacturers of Electronic Beam Machining see new opportunities
India is trying hard to become a significant country in terms of technological progress and industrialization. Cohesive government initiatives, massive FDI inflows, and significant efforts by key manufacturers to set up manufacturing plants in India are also expected to contribute to the growth of the country's electronic beam welding machine market. Thus India has the highest CAGR of 6.4%
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Category wise Insights
The Automotive Industry Is Predicted to Account for Largest Share
The rapidly evolving vehicle industry all over the world needs the extensive usage of electronic beam equipment. Increased manufacturing in the majority of nations, as well as potential benefits such as increased rigidity due to electronic beam welding, resulting in superior automotive building system and a reduced heat zone with less temperature distortion, are likely to fuel market growth.
Furthermore, the need for welding of all sizes and critical automobile components, such as cogs, axles, and superchargers, is expected to drive the automotive industry's rise in the global Electronic beam machining market.
Electronic Beams Serve the Purpose of Drilling
EB drilling provides an impressive blend of flexibility and performance. The EB drills exceedingly clean holes at high rates. Furthermore, the dimensions of each drill hole can differ. These qualities allow for increased productivity. The combination of EB drilling's high T/D ratio and quick drilling speed distinguishes it from other mechanical, chemical, and even thermal technologies for generating small holes.
These factors contribute in drilling having the highest market share with 44.3%.
Competitive Landscape
Several manufacturing industries are coming forward to use electronic beam in their applications, creating opportunities for companies,
In October 2021, Mitsubishi Electric Corporation has introduced two new CV Series 3D CO2 laser processing equipment for cutting carbon fibre reinforced polymers (CFRP) for the automotive industry.
In December 2022, Schott, a German multinational glass firm, has formed a relationship with 3D-Micromac, a laser micromachining specialist, to develop laser cutting technology.
Scope of report
Attribute
Details
Market value in 2023
US$ 201.7 Million
Market CAGR 2023 to 2033
6.5%
Share of top 5 players
32%
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa
Key Countries Covered
USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa
Key Segments Covered
Product, End User and Region
Key Companies Profiled
Bodycote
Cambridge Vacuum Engineering
Evobeam GmbH
FOCUS
Global Beam Technologies Group
Mitsubishi Electric Corporation
Pro-beam
Sciaky Inc.
Sodick
TETA
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Electronic beam machining by Category
By Product:
Welding
Surface Treatment
Drilling
By Industry:
Aerospace
Defence
Industrial
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
Middle East & Africa
Frequently Asked Questions
Which are some leading companies which offer Electronic beam machining?
Bodycote, Cambridge Vacuum Engineering, Evobeam GmbH, FOCUS, Global Beam Technologies Group, Mitsubishi Electric Corporation, pro-beam, Sciaky Inc., Sodick, TETA are some major companies.
Which region is expected to showcase the highest growth in Electronic beam machining demand?
South Asia & Pacific is expected to show the highest growth in electronic beam machining.
What are the driving demands for implementing Electronic beam machining?
precise cutting for aerospace manufacturing is the driving demands for implementing electronic beam machining.
Which industry has the largest market share for the Electronic beam machining?
Automotive Industry has the largest market share for the electronic beam machining
Which product has the highest CAGR for the Electronic beam machining?
Drilling has the highest CAGR for the electronic beam machining.
Which are the top five countries for Electronic beam machining market?
The Top 5 countries are USA, Germany, China, India, and Japan.
What is the market share and value for the South Asia and Pacific region for the year 2022?
The market share and value for the South Asia and Pacific region for the year 2022 is 192.3 Million
Which country has the highest CAGR for the forecast period?
India has the highest CAGR for the forecast period for the electronic beam machining market.
What was the CAGR for the forecast period 2018 to2022 for Electronic beam machining market?
4.4% was the CAGR for the forecast period 2018 to 2022 for electronic beam machining market
Which East Asian Country had the largest market share for Electronic beam machining for the year 2022?
Japan held the highest market share for 2022 for the electronic beam machining market in East Asia.
What is the Market Share of the Welding Segment in the Product Category?
Welding held a market share of 34.2% in 2022 in the product category.
