Latin America injection molding machines market (henceforth, referred to as the market studied) is expected to reach a value of USD 968.02 million in 2019 and USD 1,181.33 million in 2024, at an estimated CAGR of 4.06% during 2019-2024 (henceforth, referred to as the forecast period). Major factors driving the market studied are – increasing demand in the automotive industry in Brazil and high demand from the packaging industry. High initial cost and economic crisis in Latin America are expected to majorly hinder the growth of the market studied. Technological advancement in the injection molding machine is expected to offer various opportunities for the growth of the Latin America injection molding machine market during the forecast period.

Artificial intelligence (AI) has found its way into everyday applications in various ways, including language recognition tools and AI-assisted cameras on smartphones, analysis of financial transactions in banks, and algorithms for self-driving cars. Medical imaging is undergoing a fundamental transformation with the advent of AI for various applications, ranging from diagnosis to treatment suggestions.

The use of adhesives for composite material joining has been rapidly increasing in various applications, such as consumer packaging, aerospace, and automotive. The selection of adhesives depends on numerous factors, such as the nature and type of substrates, which is to be bonded, cost of adhesives used, curing time, and the adhesive application method. Owing to their superior properties, such as greater design flexibility, ability to distribute the load over a much wider area, reduce stress concentrations, increase fatigue, and corrosion resistance of bonded joints, adhesives and sealants are heavily used in various industries.

The use of adhesives for composite material joining has been rapidly increasing in various applications, such as consumer packaging, aerospace, and automotive. The selection of adhesives depends on numerous factors, such as the nature and type of substrates, which is to be bonded, cost of adhesives used, curing time, and the adhesive application method. Owing to their superior properties, such as greater design flexibility, ability to distribute the load over a much wider area, reduce stress concentrations, increase fatigue, and corrosion resistance of bonded joints, adhesives and sealants are heavily used in various industries.

Nearly a decade ago, airbag systems were mainly deployed in the luxury segment vehicles. Currently, the situation has entirely changed due to the increasing pressure from regulatory bodies, intense competition in the market, and rising concerns of consumers about safety. These pressures intensify the long-standing significance for car manufacturers to include Airbag system in every car regardless of its market segment. The significant component of an airbag system is the airbag inflator as it engages in deploying airbags in the event of a collision, to protect passengers. Thus, the growing demand for airbag systems proportionally escalates the market demand for airbag inflators.

The market studied has expanded rapidly over the past few years, due to a considerable rise in the number of accidents and thefts, resulting in various governments mandating the installation of dash cams. Dashboard cameras have evolved from the first cameras installed on police cars, in the late 1980s. They were primarily analog cameras that did not have memory cards, and recorded on VHS cassettes. The industry transformed drastically in the 1990s, when citizens began to install dash cams and use them to record driving instances. The advancements in technology have led to many improvements in the dash cams, such as high-quality video output and cost-effectiveness.

Micro Electro Mechanical System (MEMS) sensors, due to the advantages such as accuracy, reliability, in addition to scope for making smaller electronic devices, have gained a significant traction in the past few years. Industrial automation and demand for miniaturized consumer devices such as wearables, IoT connected devices etc., across regions are among the major factors driving the MEMS pressure sensors market. Automotive industry, which is presently undergoing technology transition with a major focus on increasing the safety, comfort and entertainment provides ample opportunities for MEMS pressure sensors. Emerging sensor-rich applications such as autonomous vehicles, drones and AR/VR equipment are further accelerating the need for MEMS pressure sensors.

The applications of radar are becoming more diverse, and commercialization is accelerating, owing to significant advances in digital and RF/microwave technologies. Currently, there are various radar applications, from traditional defense and surveillance to automotive radar, for driver assistance to biomedical radar for imaging, monitoring, and treatment. For all of these applications, the competitive environment demands rapid cycles of design, system integration, prototyping, and testing.

Morocco’s automotive industry has witnessed significant growth over the past few years. It surpassed South Africa and stood as one of the leading automotive producing hubs in the region. The country, in 2017, produced 345,000 passenger vehicles. In comparison, South Africa produced 331,000 passenger vehicles during the same period. Although the country lacks domestic production, most of the automotive manufacturers have established their production facilities in Morocco. Most of these manufacturers are aiming at a Complete Knocked Down (CKD) to reduce costs due to tax.

Rising automotive production in the countries including Malaysia, Thailand, and Vietnam are boosting the demand for industrial gases in the region, since past few years. • The industrial gases are used in automotive metal processing and fabrication applications, such as vacuum annealing, hot isostatic pressing, powder production, sinter hiping, thermal spray/plasma spray, cutting and welding, annealing, brazing, sintering, hardening, cryo-treating/shrink fitting, machining, etc.The production of all types of vehicles in countries including Vietnam, Thailand, and Malaysia increased by 0.2%, 9%, and 12.6% in 2018 compared to 2017.  The increase in automotive production plants in Thailand is one of the driving factors for the consumption of industrial gases in the country. SAIC Motor-CP built a new production capacity of 100,000 units in December 2017.