Robotic Process Automation (RPA) for Smartphone Manufacturing Market
A new market study, titled “Robotic Process Automation (RPA) for Smartphone Manufacturing Market” has been featured on Market Research Future.
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.
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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.
Regional Analysis
North America robotic process automation for smartphone manufacturing market is estimated to make considerable business. MRFR study states that North America market can value above USD 294.19 Mn at 31.29% CAGR across the forecast period. Across 2017 to 2023, the regional market is expected to surge owing to the availability of different automation techniques and promptness of these technologies in smartphone manufacturing can augment the market growth. Europe robotic process automation for smartphone manufacturing market can gain lucrative valuation during the study period. EU market growth can be attributed to developments through the IT industry. Asia Pacific robotic process automation for smartphone manufacturing market is likely to register a high CAGR value through the forecast period.
Companies Covered
MRFR profiled some robotic process automation for smartphone manufacturers. These companies are focused the improvement of their services and the expansion of product portfolio. The reputed names in the market are Seiko Epson Corporation, ABB Ltd, Denso Wave Inc., Yaskawa Electric Corporation, Fanuc Corporation, KUKA Robotics, Nice Ltd, Nachi Robotic System Inc., Redwood Software, and Pegasystems Inc.
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Read about the potential of robotic process automation (RPA) concerning business cost control, its' implementation in an automaton space, and applying it on DevOps automation.Visit for more info: https://bit.ly/3fpTeBC
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.
