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Global Robotic Injection Molding Machines Market 2019-2023| Improvement in Sensors to Boost Growth| Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 8, 2019--The global robotic injection molding machines market research report by predicts the market to post a CAGR of close to 7% during the period 2019-2023.

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Technavio predicts the global robotic injection molding machines market to post a CAGR of close to 7% by 2023 (Graphic: Business Wire)

A key driver for the global robotic injection molding machines market is the improvement in sensors for robots. The sensor technology is being improved with high accuracy and sensitivity. For instance, cobots use sensors, which detect the position of the manufactured object as well as the workers. The manufacturers of sensors have been offering new sensor lines to cater to the requirements of robot manufacturers. For instance, ATI Industrial Automation introduced Axia80 in 2017, which is a new offering in its Force/Torque Sensor product line.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increased use of cobots in the injection molding process as one of the key trends in the global robotic injection molding machines market:

Global robotic injection molding machines market: Increased use of cobots in the injection molding process

Owing to the advances in robotic technologies, the use of cobots in different industrial processes has been increasing. The use of cobots in injection molding processes is growing as they are inexpensive and can perform various tasks. They help in the manufacturing process, complement manual labor in the production process, and work in collaboration with humans and use specialized sensors and robot controllers for operations.

“The vendors are focusing on improving the safety features of cobots by improving sensor technologies with increasing stringency on safety standards in industries. The cobots assist manufacturers by providing them the skill of workers and productivity of robots,” says a senior analyst at Technavio for research on robotics.

Global robotic injection molding machines market: Segmentation analysis

This robotic injection molding machines market analysis report segments the market by end-user (automotive, packaging, consumer goods, E&T, medical devices, and others) and geography (the Americas, APAC, and EMEA).

The automotive segment held the largest robotic injection molding machines market share in 2018, accounting for nearly 32% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2018 with approximately 46% of the market share, followed by EMEA and the Americas respectively. EMEA is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190108005652/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION OTHER TECHNOLOGY MANUFACTURING ENGINEERING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/08/2019 09:21 AM/DISC: 01/08/2019 09:21 AM

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