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Electronic Beam Machining Market

Electronic Beam Machining Market By Equipment (Cathode, Annular Bias Grid), Application (Welding, Surface Treatment), Industry (Automotive, Aerospace & Defense) & Region - Forecast 2022-2032

Market Insights on Electronic Beam Machining covering sales outlook, demand forecast & up-to-date key trends

Electronic Beam Machining Market Overview

Global Electronic Beam Machining demand is anticipated to be valued at US$ 199.01 Million in 2022, up from US$ 192.83 Million in 2021. From 2022 to 2032, the market is expected to flourish at a CAGR of 4%. Increasing demand for welding in the automotive and aerospace industries, the benefits offered by the high-tech and standardized method of welding using a single electron beam, and low-cost, effective welding solutions for complex components in various industries are driving the growth of this market.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 192.83 Million

Expected Market Value (2022)

US$ 199.01 Million

Anticipated Forecast Value (2032)

US$ 294.57 Million

Projected Growth Rate (2022-2032)

4% CAGR

Beam machining is a common manufacturing technique. To generate heat and vaporize materials, high-velocity electrons are concentrated into a narrow beammare. These are widely used to precisely cut a wide range of metals in industrial applications such as automotive, construction, and manufacturing.

Furthermore, the technique is easily used in the production of highly reactive metals such as aluminium and magnesium. Its ability to produce small size holes is extremely valuable in end-use applications such as automobiles, marine engineering, and aerospace, to name a few. The electronic beam machining market is expected to grow rapidly in the near future, owing to horizons such as electric vehicles and the introduction of new technologies such as 5G.

Which are Some Prominent Drivers Spearheading Electronic Beam Machining Market Growth?

Increasing machine usage due to the rising benefits of electron beam welding, increasing applications of welding in aerospace and automotive industries, adoption of available machinery as it offers high machining speed as well as cost effective process, increasing demand for welding and surface heat treatment for turbochargers, gear parts, shaft, and others will likely boost the growth of the electron beam machining market during the forecast period.

On the other hand, the prevalence of cost-effective welding for large-scale production will create additional opportunities for the growth of the electron beam machining market during the forecast period. The easy availability of alternative technology, as well as the generation of x-rays during the welding process, is acting as market restraints for electron beam machining during the forecasted period.

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What are the Challenges Faced by the Electronic Beam Machining Industry?

The need for a large capital investment, as well as the need for highly trained professionals and a limited number of available workplaces, will be the most difficult challenge for the market's growth.

Why is Asia-Pacific emerging as an Opportunistic Electronic Beam Machining Market?

Asia Pacific was the largest market for Electronic Beam Machining and the trend is expected In Asia Pacific, the market is expected to grow at a rapid pace. China is home to some of the most cost-effective electric vehicle manufacturers. In the near future, these new manufacturers are expected to drive significant growth for players in the beam machining market.

Nikhil Kaitwade
Principal Consultant
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How is Europe Contributing to Growth of the Electronic Beam Machining Market?

According to Future Market Insights, the European electron beam machining market is expected to grow at the fastest CAGR of 4.6% during the forecast period. Europe is the leading exporter of electron beam machines to other regions, with increasing demand for EB welding technology in the automotive and aerospace industries due to large-scale production of automobiles and the presence of aircraft manufacturers in the European region, as well as the presence of major players serving all major electron beam machining applications such as welding, surface treatment, and drilling, all of which are fueling the market's growth.

Market Competition

Some of the key participants present in the global electronic beam machining market include Mitsubishi Electric Corporation, Pro-beam, Cambridge Vacuum Engineering., Global Beam Technologies, Beijing Zhong Ke Electric Co. Ltd., and Evobeam among others.

Attributed to the presence of such high number of participants, the market is highly competitive.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Equipment
  • Application
  • Industry
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Mitsubishi Electric Corporation
  • Pro-beam
  • Cambridge Vacuum Engineering
  • Global Beam Technologies
  • Beijing Zhong Ke Electric Co., Ltd.
  • Evobeam

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Key Segments Profiled in the Electronic Beam Machining Industry Survey

Equipment:

  • Electronic Beam Cathode
  • Annular Electronic Beam Bias Grid
  • Other Electronic Beam Machining Equipment

Application:

  • Electronic Beam Machining for Welding
  • Electronic Beam Machining for Surface Treatment
  • Electronic Beam Machining for Other Applications

Industry:

  • Electronic Beam Machining for Automotive
  • Electronic Beam Machining for Aerospace & Defense
  • Electronic Beam Machining for Other Industries

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Electronic Beam Machining market to expand at a 4% value CAGR by 2032

Europe is expected to be the most opportunistic electronic beam machining market, expected to grow at a CAGR of 4.6% until 2032

Mitsubishi Electric Corporation, Pro-beam, Cambridge Vacuum Engineering. And Global Beam Technologies are some prominent Electronic Beam Machining manufacturers

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Electronic Beam Machining Market