RPA for Smartphone Manufacturing Market
In 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/5219
Drivers and Restraints
Robot 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. With rising market demand for smartphones, the smartphone manufacturing companies have attracted high growth. Innovation in the user interface that is linked to digital technology, including the use of social media, and the growing market of apps are generating high demand for smartphones around the world. This growing demand for smartphones penetrating the mobile platform creators to integrate more and more features into smartphones to make customers life easy and safe than earlier. 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 Analysis
Based on the robot type, the market has been classified as SCARA, cartesian, articulated, 6-axis robot, delta, redundant, dual-arm, and parallel. The 6-axis robots segment assessed as the largest market share in 2017, with a market value of USD 168.7 million and expected to register the highest CAGR during the forecast period. Whereas, SCARA is the best suited for knitting, high speed assembly, packaging and other material handling applications. Another benefit of the SCARA robot is the joint link arm like the human arm allowing to perform the cutting operations in a curved sequence.
By Component, the market has been divided into generators, Motor, automation equipment, motor controls, and power transmission equipment
By Organization Size the market has been divided into Small & medium enterprise and large enterprise
Regional Analysis
The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
Owing to the rising development in the IT industry, North America is expected to dominate the robotic process automation for the smartphone manufacturing market over the forecast period.
Asia-Pacific has successfully taken second place in the smartphone manufacturing market in robotic process automation; it is expected to expand at a faster pace during the forecast era. Owing to the enormous demand for robotic process automation for the manufacturing of smartphones, the robotic process automation for the smartphone industry is experiencing a high growth. Asia Pacific is expected to witness the highest CAGR in the coming years due to increasing demand for consumer electronics products such as smartphones, high demand for outsourcing services and leading market such as China, South Korea and Japan.
Competitive Analysis
The major market players operating in the global market as identified by MRFR are ABB Ltd, Seiko Epson Corporation, Yaskawa Electric Corporation, KUKA Robotics, Fanuc Corporation, Denso Wave Inc., Nachi Robotic System Inc., Pegasystems Inc., Nice Ltd, and Redwood Software
More Information@ https://www.marketresearchfuture.com/reports/robotic-process-automation-for-smartphone-manufacturing-market-5219
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
RPA for Smartphone Manufacturing MarketMarket Research Future (MRFR), in its latest “Global Robotic Process Automation for Smartphone Manufacturing Market” report, studied different factors that govern the market.
Robotic process automation is an emerging trend observed in the manufacturing sector.
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.
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 StudyRobot type, component, and organization size are parameters based on which the robotic process automation for smartphone manufacturing market study is done.
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 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.
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.
