DUBLIN -- The pin insertion machine market is projected to expand at a CAGR of 6.08% between last year and 2023, a new report says.

The market will grow from $243.51 million in 2017 to $346.92 million by 2023. The trend of manufacturing smaller mechanical, optical, and electronic products is driving the growth of pin insertion machine market, says Research and Markets. Moreover, its ability to provide cost effective and precise techniques is supplementing the growth of the market.