Ultra Hard Material Cutting Machine Market Overview
The Ultra Hard Material Cutting Machine market size is estimated to reach $2.4 Billion by 2027, growing at a CAGR of 8.6% during the forecast period 2022-2027. Factors attributing to the market growth include increasing adoption of electrical discharge machining (EDM) cutting tools, surging demand for chemical vapor deposition (CVD) based laser cutting of a diamond, and so on. Based on type segmentation, Electrical Discharge Machining (EDM) is analyzed to witness the fastest growth with a CAGR of 9.2% in the global Ultra-hard Material Cutting Machine market during the forecast period. Rapid demands for high-end cutting tools meant for ultra-hard materials like boron nitride, diamond and others along with growing R&D work activities towards synthetic diamond substrate materials have been also driving its market growth. Moreover, rising demand for ultra-hard cutting tools from electronics, defense and other industries alongside advancements towards fiber laser techniques are some of the major factors set to transform the Ultra hard Material Cutting Machine industry outlook in the long run.
Ultra hard Material Cutting Machine Report Coverage
The “Ultra Hard Material Cutting Machine Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Ultra Hard Material Cutting Machine Market.
Product Type: Laser
Cutting Machines, Electrical Discharge Machining (EDM), Others.
By Application: Metallic Materials, Non-metallic Materials.
By End-user: Military & Defense, Medical, Semiconductor & Electronics, Metal & Machinery, Others.
By Geography: North America (the U.S., Canada, Mexico), Europe (the UK, Germany, France, Italy, Spain, Others), APAC (China, Japan India, South Korea, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa).
- Electrical Discharge Machining (EDM) is analyzed to grow with the highest CAGR in the global Ultra hard Material Cutting Machine market during the forecast period 2022-2027, owing to the increasing adoption of such machinery while manufacturing medical devices along with a growing need for cutting metals in different dimensions, sizes or shapes with optimal accuracy and precision.
- Semiconductor & Electronics Industry analyzed to witness the fastest growth in the global Ultra hard Material Cutting Machine market during 2022-2027, due to increased utilization of synthetic diamond substrate materials, growing research activities to advance industrial processes, and so on.
- APAC Ultra hard Material Cutting Machine market held the largest share in 2021, owing to high R&D activities from market players, surging adoption of ultra-hard cutting tools within varied end-use industries and so on.
- Technological advancement towards fiber lasers for efficient cutting of hard materials alongside growing demand for semiconductor synthetic diamond substrates coupled with adoption of ultra hard cutting tools within Electronics, Defense and Others is analyzed to significantly drive the growth of Ultra hard Material Cutting Machine market during the forecast period 2022-2027.
Global Ultra hard Material Cutting Machine Market Value Share, by Region, 2021 (%)
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Ultra hard Material Cutting Machine Market Segment Analysis - by Product Type
Based on type segmentation, Electrical Discharge Machining (EDM) is analyzed to witness the fastest growth with a CAGR of 9.2% in the global Ultra hard Material Cutting Machine market during the forecast period 2022-2027. This market growth will be attributed to the increasing adoption of this machine for manufacturing medical devices and the growing demand for cutting metals in different dimensions, sizes as well as shapes with optimum accuracy and precision. In addition, a significant rise in demands for advanced medical equipment alongside rapid adoption of EDM techniques with end-use industries like automotive, defense, electronics and so on, will further propel its market demands. In June 2022, MC Machinery Systems revealed its new dealer, J.M Grisley Machine Tools regarding the complete line of Mitsubishi EDMs alongside high-precision machining centers of OPS Ingersoll & Roku-Roku brand.
Ultra hard Material Cutting Machine Market Segment Analysis - by End-user
Semiconductor & Electronics Industry is analyzed to grow with the highest CAGR of 10.4% in the global Ultra hard Material Cutting Machine market during 2022-2027, attributed to increasing utilization of synthetic diamond substrate materials in the semiconductor industry, growing research activities to advance industrial processes, the rising dominance of chemical vapor deposition techniques and so on. Additionally, the surging adoption of ultra-hard materials like boron nitride and the diamond within semiconductor and electronics firms, alongside increased use of laser cutting tools within the electronics industry has been driving the market forward. In August 2020, II-VI Incorporated announced about the launch of its L45 laser lapping system, capable of processing super hard materials including the polycrystalline diamond (PCD), polycrystalline diamond compact (PDC), synthetic diamond as well as reaction-bonded ceramics. Such factors will help in expanding the global Ultra hard Material Cutting Machine market size for the semiconductor & electronics industry in the coming time.
Ultra hard Material Cutting Machine Market Segment Analysis- by Geography
APAC dominated the global Ultra hard Material Cutting Machine market with a share of 38% in 2021, attributed to growing technological advancement within industries, an increase in R&D activities from market players, and surging adoption of ultra-hard cutting tools within varied end-use industries. Significant utilization of synthetic diamonds within semiconductor fabs, growing demand for military weapons or equipment, and so on have been eventually driving the demand for super hard material cutting tools. Moreover, the rapid adoption of laser cutting machines for manufacturing electronic devices, medical devices and so on, can also cater to this market growth in the region. In April 2022, the Indian government revealed that domestic production of semiconductors will be becoming a reality over the next 3 to 3.5 years, driving the need for electronics manufacturing companies within the country to source chipsets locally. Moreover, the Indian government will also be finalizing the companies for semiconductor manufacturing under an incentive scheme of Rs. 76,000 crores. These factors are set to transform the APAC Ultra hard Material Cutting Machine industry outlook in the long run.
Ultra hard Material Cutting Machine Market Drivers
Technological Advancement towards Fiber Lasers for Efficient Cutting of Varied Hard Materials is Driving the Growth of Ultra hard Material Cutting Machine Market :
Technological advances toward fiber lasers for improving the cutting process of varied hard materials can be considered as a major factor boosting the market growth of Ultra hard Material Cutting Machines. In March 2020, according to NS Energy, about 80% of mined diamonds were utilized for research & industrial applications. In April 2022, Mazak Optonics announced about the launch of the OPTIPLEX 3015 NEO-15-kW fiber laser cutting machine. This was a part of the company’s aim towards making fiber lasers more flexible, in which the laser cutting machine had utilized a high-powered laser source leveraging beam shaping technology. Such developments can be considered essential in boosting the growth of Ultra hard Material Cutting Machine industry over time.
Growing Demand for Semiconductor Synthetic Diamond Substrates coupled with Surging Adoption of Ultra hard Cutting Tools within Electronics, Defense and Others is Accelerating the Market Growth of Ultra hard Material Cutting Machines:
Increased demand for semiconductor synthetic diamond substrates coupled with surging adoption of ultra hard cutting tools or machinery within Electronics, Defense and Others act as one of the major drivers boosting its market growth. According to Stockholm International Peace Research Institute (SIPRI), weapon sales of India reached 151 USD million in 2020, a comparative increase from 18 USD million in the previous year. These figures highlighted the significant growth of military weapons which makes use of different super hard or ultra-hard materials, thus influencing the market growth of ultra-hard material cutting machines. In July 2021, AKHAN Semiconductor, a tech company specializing in the fabrication and application of synthetic, lab-grown electronics-grade diamond materials revealed its ability to manufacture 300MM complementary metal oxide semiconductor (CMOS) diamond wafers. This development was meant to enhance power handling, heat management as well as durability of electronics within industries through minimal change to fabricators’ existing manufacturing processes. These factors are set to help in the expansion of the global Ultra hard Material Cutting Machine market size in the coming time.
Ultra hard Material Cutting Machine Market Challenges
High Costs with Complexities regarding Designing & Operation is Restraining the Growth of Ultra hard Material Cutting Machine Market:
High costs with designing and operational complexities act as one of the major factors impeding the growth of Ultra hard Material Cutting Machine industry. Since these machines need to conduct cutting operations on super hard or ultra-hard materials like boron nitride, diamond and so on, there is a requirement of varied components, which adds up to its price. Additionally, manufacturers need to balance out parameters like efficiency, cutting speed, precision, accuracy levels and so on, which incurs high production costs due to the requirement for skilled expertise. Moreover, the need for conducting training sessions before starting its operation in the firms becomes highly essential, which in turn significantly raises the overall operational costs. The average cost of an ultra-hard material cutting machine ranges from $440 and above, which can vary depending on cutting speed, weight, capacity, and so on. This, in turn, limits its adaptability across small & mid-sized businesses, thereby creating an adverse impact on the market growth over time.
Ultra hard Material Cutting Machine Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Ultra hard Material Cutting Machine Market. The top 10 companies in the Ultra hard Material Cutting Machine market are:
2. GF Machining Solutions
3. MC Machinery Systems
4. Vytek Laser Systems
5. DMG Mori
7. Laser Photonics
8. Prima Industrie
9. United Grinding GmbH
10. Universal Laser Systems
- In May 2022, Rollomatic launched a femtosecond laser cutting machine, LaserSmart 510 Femto for polycrystalline diamond (PCD) and many other ultra-hard materials. Equipped with a powerful femtosecond laser source, this machine was capable of serving a broad range of machining possibilities, having 30 percent faster feed rates in comparison to conventional laser machines.
- In November 2020, Bystronic launched an advancement of its fiber laser cutting, ByStar Fiber 15 kW, with up to a 50 percent increase in cutting speed compared to a 10-kilowatt laser source. This machine enabled applications in steel and aluminum of up to 50 millimeters, as well as many other non-ferrous metals with maximum precision in both thin or thick sheets and profiles.
- In October 2019, GF Machining Solutions introduced its Agie Charmilles Cut P 550 Pro wire-cutting EDM solution at EMO. With a new and easy-to-use interface, this machine was launched in mid-2020, for serving commercial applications.
Relevant Report Titles:
Report Code: ESR 65675
Report Code: AIR 0121
Report Code: AIR 0258
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