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To calculate the market size, the report considers the revenue generated from new sales of robots used with injection molding machines.
This includes robot system costs, including robot hardware and software revenue from software solutions that are required for programming and system integration.
Vendors are increasingly working on features that ensure that the robot can be disconnected speedily for fast end-of-arm tooling (EOAT) changeovers.
Growth is approximately 3.8% per year, to 54.5 billion tons.Further, the report states that one of the major factors hindering the growth of this market is High cost of implementation.As robotic systems involve the use of sensors, software, and advanced technologies in vision systems and feeding devices, their prices are considerably high and require a large initial one-time payment.Co-bots are being increasingly adopted to work collaboratively with humans.They use specialized sensors and robot controllers for operations and are implemented when ease of programming along with a reduction in safety costs are desired.