Press release
Robotic Process Automation for Smartphone Manufacturing Market 2018 Global Leaders: Redwood Software, Nice Systems, Broadcom Limited, Huawei Technologies, Seiko Epson, Pegasystems
Robotic Process Automation for Smartphone Manufacturing Market – Overview
The altering consumer market has created an increased need for deployment of technically advanced automation process in production and manufacturing process of the industry. Market concentrated reports associated with the semiconductors and electronics industry amid others recently have been made available by Market Research Future which issues reports on this industry. The market is expected to achieve USD 3.99 billion in revenue while developing with a CAGR of 30.51% approximately in the forecast period.
Robotic Process Automation (RPA) which is an evolving process for automation technology is being increasingly incorporated into the production lines for smartphones. As RPA enables the training of bots to industrialize routine tasks and remove wastefulness by removing human errors, it is being seen as a valuable factor especially in the manufacturing end. The costs that are saved in manufacturing are increasingly modifying the value chain leading to higher profits to market players. The relatively speedy implementation of RPA in smartphone manufacturing lines is motivating further development of the market in the period from 2017 to 2023.
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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).
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.
Global Robotic Process Automation for Smartphone Manufacturing Market 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 enterprise. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Market Research Analysis:
The global robotic process automation for smartphone manufacturing market is studied on the basis of four regions: the North America, Europe, Asia Pacific, and Rest of world. North America region is dominating the global robotic process automation for smartphone manufacturing market. The robotic process automation for smartphone manuafcturing market is witnessing a high growth due to huge demand of robotic process automation for smartphone manufacturing. 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.
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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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
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+1 646 845 9312
Email: sales@marketresearchfuture.com
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