Robotic Process Automation for Smartphone Manufacturing Market Driven by the Development of Machine Learning

Pune, India, April 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Robotic Process Automation for Smartphone Manufacturing Market.

Market Overview

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.

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

Access Report Details @ https://www.marketresearchfuture.com/reports/robotic-process-automation-for-smartphone-manufacturing-market-5219

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