Machines & parts are an important part of manufacturing, construction and other industries as they help to improve production efficiency without increasing labour cost. There has been a shift in the trend from the usage of traditional machines to modern technologies such as smart machines, computer aided machines and 3D printers. Machines & parts include drilling and milling machines, emulsifying machine, flotation machine, foil stamping machine, folder gluer machine, foundry equipment, gas wielding machine, tenoning machine and others.
The increasing demand for improved technologies and growing investment in research and development have led the industries to leverage the benefits of smart machines. Smart machines are intelligent devices which use radio frequency, voice recognition, and micro and nano sensors to solve problems and complete tasks without much human intervention. The use of smart machines reduces errors and increases the lifecycle of mechanical components. The global smart machine market is segmented into intelligent assistants, smart embedded systems, autonomous robots, expert systems, neuro computers and others.
In order to ensure safety and security of plants and workers while handling machines, machine safety systems are implemented. Machine safety systems continuously monitor the health of the manufacturing unit and help in minimizing the exposure to damage. The global machine safety market is segmented into emergency stop controls, safety interlock switches, safety modules, pressure sensing safety sensors, programmable safety systems and others. Increasing awareness about safety issues and strict government regulations regarding the safety of machine and labours are the key factors driving growth of machine safety market. Conversely, high cost of machine safety devices and lack of skilled resources are restraining the market growth.