Market Highlights
The Global Robotic Process Automation for Smartphone Manufacturing Market is expected to grow from USD 807.9 million in 2017 to USD 3992.6 million by 2023, at a CAGR of ~30.5% during the forecast period of 2018 to 2023. North America accounted for the most considerable market value of USD 294.19 million in 2017; the market is expected to register a CAGR of 31.29% during the forecast period.
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Robotic process automation is the emerging trend in the manufacturing and industrial sector as it assists them in improving their operational efficiency. By installing robotic process automation, it becomes easy for the companies to produce products in huge quantity at a lower cost with fast speed. With the increasing demand of smartphones by consumers has attracted high growth in smartphone manufacturing companies. Innovation in the mobile interface, which is connected with digital technology, including social media usage, and growing app market is creating high demand for smartphones worldwide. This growing demand for smartphones penetrating the mobile platform manufacturers to integrate more and more features into smartphones to make customers life easy and secure than earlier.
Industry Segments
The Robotic Process Automation for Smartphone Manufacturing Market globally includes segments on the basis of organization size, component and robot type. The robot type segment comprises of SCARA, Cartesian, Delta, 6-Axis Robots, Articulated, Parallel Redundant, Dual-Arm, and others. The components are segmented into generators, motors, automation equipment, motor controls, and power transmission equipment. The organization size are segmented into large and small & medium enterprise.
Key Players
Some of the prominent players in the global robotic process automation for smartphone manufacturing market: Broadcom Limited (U.S.), Samsung Electronics Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China), LG Corporation (South Korea),Foxconn Technology Group (Taiwan), Fanuc Corporation (Japan), ABB Ltd. (U.S.), Seiko Epson Corporation (Japan), Nachi Robotic System Inc. (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), Yaskawa Electric Corporation (Japan), Denso Wave Incorporation (U.S.), and KUKA Robotics (Germany).
Regional Analysis
The market comprises of regions such as Europe, North America, Asia Pacific, and rest of the world. The regional analysis of RPA for smartphone manufacturing market comprises region such as North America (Canada, U.S, Mexico), Asia pacific (India, China, Japan), Europe (Germany, U.K) and Rest of the World. The North American region is one of the principal regions across the world in terms of market share. The robotic process automation for smartphone manufacturing market in this region has a huge demand due to speedy growth in the IT industry, and growing adoption of smartphone by consumers. The robotic process automation for smartphone manufacturing market in the European region is likely to observe rapid growth in the upcoming period. Whereas, nations in the Asia Pacific region such as India, China and Japan are an emerging market for robotic process automation for smartphone manufacturing market and is projected to be the top CAGR generator in the coming years.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Scope Of The Study
1.1.1 Research Objective
1.1.2 Assumption
1.1.3 Limitation
1.2 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
3 Market Dynamics
3.1 Market Growth Factors
3.2 Market Drivers
3.2.1 High Focus Of Industry On Achieving Energy Efficiency In Manufacturing Process
3.2.2 Growing Deployment Of IoT In Industrial Process
3.2.3 Growing Smartphone Integration Platform
3.3 Market Restraints
3.3.1 Scarcity Of Investment By Small & Medium Size Industry Is Affecting The Market Growth
3.3.2 Less Availability Of Trained Professional In Developing Economies For Implementing And Processing Automation System
Continued…
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