RPA for Smartphone Manufacturing Market
Market Research Future (MRFR), in its latest “Global Robotic Process Automation for Smartphone Manufacturing Market” report, studied different factors that govern the market. In 2017, the value gain of USD 807.9 Mn for the worldwide robotic process automation for smartphone manufacturing market was recorded. By 2023, the robotic process automation for smartphone manufacturing global market can value at USD 3992 Mn at 30.5% CAGR by 2023.
Robotic process automation is an emerging trend observed in the manufacturing sector. And the ingression rate of smartphone is also rising. The need for operational efficiency in manufacturing of smartphone is creating growth opportunities for robotic to deploy. This is expected to boost the expansion the robotic process automation for smartphone manufacturing global market.
The altering consumer market has created the need for deploying advanced techniques. Automation processes are employed for production of smartphone. Flexible production system integrated with high-end IT process to provide safe and fast production with efficacy, flexibility, reliability, and cost-effectiveness. The economic constraints which alters performance can also be sorted by industrial automation process. The different factors attributing to the rise of the robotic process automation for smartphone manufacturing worldwide market are the prime focus of industries to achieve energy efficacy across the manufacturing process. The mounting deployment of IoT solution across industries and internal process, and increase in smartphone integration platform. Besides, the scarcity of investment by SME industry and low availability of expertise to in the developing economies for applying and processing automation systems can affect the robotic process automation for smartphone manufacturing market growth through the forecast period.
Segmental Study
Robot type, component, and organization size are parameters based on which the robotic process automation for smartphone manufacturing market study is done. MRFR analysts conducted a detailed study under robot type parameter. Segmental insights of the robotic process automation for smartphone manufacturing market can aid in making effective decisions.
The robot type-based segments of the market are SCARA, cartesian, delta, articulated, 6-axis robot, dual-arm, redundant, and parallel. The increased application of 6-axis robots can gain a valuation of above USD 168.7 Mn at a considerably high CAGR by 2023. Rise in SCARA adoption is likely to prompt the market growth across the study period. Cartesian robot is a 3-axis robot that performs linear motion along any axis market perpendicular to each other. This property is likely pave way for linear cartesian robots across different sectors.
Market Segmentation
The global robotic process automation for smartphone manufacturing market is studied for an elaborate segmentation that is based on robot type, component, organization size, and region. Based on robot type, the global robotic process automation for smartphone manufacturing market is segmented into SCARA, Cartesian, articulated, delta, 6-axis robot, dual-arm, redundant, and parallel. The 6-axis robot segment held the largest share of the global robotic process automation for smartphone manufacturing market at the beginning of the forecast period, recorded at a market valuation of USD 168.7 million in 2017. On the other hand, SCARA segment was the second-largest shareholder in the market during the forecast period.
Based on component, the global robotic process automation for smartphone manufacturing market is segmented into generators, motors, motor controls, automation equipment, and power transmission equipment. Based on organization size, the global robotic process automation for smartphone manufacturing market is segmented into small & medium enterprises and large enterprises.
Detailed Regional Analysis
The global robotic process automation for smartphone manufacturing market is studied for an extensive regional segmentation that includes North America, Europe, Asia-Pacific, and the rest of the world. North America is estimated to dominate the global robotic process automation for smartphone manufacturing market over the review period. This can be owed to the growing development in the IT industry. North America accounted for a market revenue valuation of USD 294.19 million at the beginning of the forecast period. North America is poised to register a CAGR of 31.29% over the review period.
Asia Pacific is estimated to gain the second largest share of the global robotic process automation for smartphone manufacturing market during the conjecture period. This region is projected to ascend at the fastest growth rate over the forecast period, as per the researchers in the MRFR analysis.
Key Players
Some prominent players in the global robotic process automation for smartphone manufacturing market include ABB Ltd, Yaskawa Electric Corporation, Seiko Epson Corporation, Pegasystems Inc., Denso Wave Inc., KUKA Robotics, Nachi Robotic System Inc., Fanuc Corporation, Nice Ltd, and Redwood Software.
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RPA for Smartphone Manufacturing MarketIn its research report, Market Research Future (MRFR), emphasizes that the global Robotic Process Automation for Smartphone Manufacturing market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation from USD 807.9 million in 2017 to USD 3992.6 million by 2023, and a healthy 30.5% CAGR over the review period.
FREE PDF@ https://www.marketresearchfuture.com/sample_request/5219Drivers and RestraintsRobot process automation is the latest trend in the industrial and manufacturing sectors as it helps them increase their operational performance.
Through implementing robotic process automation, manufacturing goods in huge quantities at a lower cost and high speed becomes simple for the businesses.
The various factors attributing to the growth in the global robotic process automation market for smartphone manufacturing is the industry's key emphasis on achieving energy efficiency in manufacturing processes, increasing IoT deployment in industrial processes and rising smartphone integration platform.
The growing customer demand has built up a high need to implement technologically advanced automation technology in an industry's manufacturing and manufacturing sector.
In addition, lack of investment by the small and medium-sized industry and less availability of skilled professionals to introduce and process automation systems in developed economies affect demand growth during the forecast period.Segmental AnalysisBased on the robot type, the market has been classified as SCARA, cartesian, articulated, 6-axis robot, delta, redundant, dual-arm, and parallel.
Robotic Process Automation (RPA) for Smartphone Manufacturing MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Robotic Process Automation (RPA) for Smartphone Manufacturing Market.
The growth sectors of the Robotic Process Automation (RPA) for Smartphone Manufacturing Market are identified with precision for a better growth perspective.The experts have analyzed the global robotic process automation for the smartphone manufacturing market at Market Research Future (MRFR), and such analysis has been published in the form of a report for the forecast period of 2018-2023.
The report has suggested that the global robotic process automation for smartphone manufacturing market is likely to garner a market revenue valuation of USD 3992.6 million by the end of the forecast period.
The report has also emphasized on the fact that the global robotic process automation for smartphone manufacturing market is likely to record a CAGR of 30.5% between 2018-2023.Robotic process automation is emerging in the manufacturing and the industrial sectors as it assists them in the augmentation o f their operational efficiency.
Through the installation of robotic process automation, manufacturers have found it easy for the companies for the production in huge quantities at lower cost with higher efficiency.
Furthermore, innovation in the mobile interface, that is connected with digital technology, including social media usage, and growing app market has created high demand for smartphones all across the world.The robotic process automation for smartphone manufacturing market is anticipated to witness momentous growth owing to the surging demand for smartphones and the rising penetration in the mobile platform manufacturers for integration with more features to make the life of consumers easier and secure, as compared to earlier.Market SegmentationThe global robotic process automation for smartphone manufacturing market is studied for an elaborate segmentation that is based on robot type, component, organization size, and region.
The importance of Robotic Process Automation in Manufacturing
Billing of material is an important document in production and there is a wide list of raw materials, components, and product details that need to be fed in here.
Robotic process automation in manufacturing helps companies to achieve this in an efficient way.
It helps companies to create a product in a faster turnaround time, and better data accuracy.
Better data accuracy helps companies to get detailed information.
Robotic automation companies in India are taking over the billing of material in several segments and as a result, ensure that clients get the best.
