In a world of so many manufacturing industries, the assembly line is a vast area of cost, investment, and headache. In fact, LPKF has made it their mission to help companies in the medical devices, automotive, and consumer goods industries streamline assembly of their products and reduce the time and labor needed to assemble their products.
A recent report released by Credence Research suggests that the US plastic welding equipment industry is undergoing a period of explosive growth. This industry was valued at $595.3 million in 2015, and the latest report includes a forecast of nearly $840 million by 2023—a growth rate that should raise eyebrows around the country, at the very least.
The medical plastics sector enjoyed monumental growth in 2016 with an upsurge in wearable technology, ultrasound OEMs, thermoplastic elastomers (TPEs), and even polyolefins. Materials and emerging technologies are credited for these gains, so with the new year upon us, let’s look at what we can take away from medical technology trends in the last year.
Automotive sensors are becoming ubiquitous in today’s markets. Try flipping to an NFL game and avoiding an ad about a car with blind spot protection or auto-stopping functionality to help accident avoidance. Customers are demanding more from their cars, and automotive sensors not only help customers stay safer on the roads but also ensure a more comfortable, convenient driving experience.
Tesla may be the world leader in electric vehicles—with a large market share and one of the best reputations for innovation, quality, and technology—but that doesn’t mean Elon Musk’s innovative luxury electric car company can rest on its laurels.