Press release
Robotic Process Automation for Smartphone Manufacturing Market 2018 Global Leaders: Broadcom Limited, Samsung Electronics, Huawei Technologies, LG, ABB, Fanuc, Seiko Epson, Nice Systems
Market Scenario:
Companies such ABB Ltd. (U.S.), Seiko Epson Corporation (Japan), Yaskawa Electric Corporation (Japan), Denso Wave Incorporation (U.S.), and KUKA Robotics (Germany) are the leading providers of robotic process automation for smartphone manufacturing in the global market. ABB is one of the leading and well-established supplier of robots, equipment, and robotic software. Recently, in November 2017, ABB has unveiled dual-arm industrial robot named “Yumi” which is expected to improve productivity of factory floor process as it would be easy to integrate into existing assembly lines. The industry is witnessing various other trends as well, which are discussed in report in detailed manner.
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The global Robotic Process Automation for Smartphone Manufacturing Market is likely to be valued around $600 million in 2016. This market is expected to grow at a CAGR of 30%. The changing consumer market has built high need of deployment of technically advanced automation process in manufacturing and production process of an industry. Flexible production system with high end IT enabled process provides fast, and safe production process which is efficient, flexible, reliable and cost-effective solution. The economic pressure which affects performance and growth of an industry is the one of the factor behind utilizing industrial automation process. Earlier, factory owners have to physically monitor and control performance value and quality of outputs to determine the best possible way of manufacturing process. The inefficiency and unsafe operating conditions thereby encouraged industrialist to deploy automation solutions to deliver highest output with low frequency of errors in the final product. The major advantage of automation over conventional manufacturing process include high throughput or productivity, improvement in quality and robustness of a process or product and reduction of direct human labor cost and expenses. This is another major reason for the high growth of this market. However, scarcity of investment by small & medium size industry, and less availability of trained professional in developing economies can hinder the market growth up to some extent.
Key Findings:
• The global robotic process automation for smartphone manufacturing market is expected to reach USD 3.99 billion market value by 2023 growing with 30.51% CAGR during forecast period 2016-2023.
• By type, SCARA accounts for the largest market share and is growing with 28% CAGR during forecast period.
• By Organization size, large enterprises is dominating the market and has generated USD 400 million market in 2016 and is expected to grow with 32% CAGR.
• Geographically, North America region has been projected to hold the largest market share in global robotic process automation for smartphone manufacturing market followed by Europe region, while Asia Pacific is expected to drive the market in coming years.
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).
Segmentation:
The global robotic process automation for smartphone manufacturing market is segmented into robot type, component, organization size and region. The robot type is segmented into Cartesian, SCARA, Articulated, Delta, 6-Axis Robots, Redundant, Dual-Arm, Parallel and others. The component are further segmented into motors, generators, motor controls, automation equipment, and power transmission equipment. The organization size are segmented into small & medium and large enterprises.
Regional Analysis:
The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world. The regional analysis of robotic process automation for smartphone manufacturing market is being studied for region such as Asia pacific (China, Japan, India), North America (U.S, Mexico, Canada), Europe (U.K, Germany) and Rest of the World. North America is one of the leading 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 high growth in IT industry, and increasing adoption of smartphone by consumers. The robotic process automation for smartphone manufacturing market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging market for robotic process automation for smartphone manufacturing market is expected to be the highest CAGR in the coming years.
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Intended Audience
• Robotic process automation for smartphone manufacturing companies
• Robotic process automation for smartphone manufacturing providers
• Technical universities
• System integrators
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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