The electron beam machining market is estimated to be worth USD 181 million in 2019 and is expected to grow USD 212 million by 2024, at CAGR of 3.2% from 2019 to 2024. The growth of this market is propelled by factors such as the increasing demand for welding in automotive & aerospace industry, benefits tendered by the high-tech & standardized method of welding using a single electron beam, and low-cost, effective welding solution for complex components in various industries.