Overview
Robotic Process Automation for Smartphone Manufacturing Market will exhibit a CAGR of 30.5% in the forecast period of 2020 to 2027 and is expected to reach USD 3992.6 million by 2027.
The global robotic process automation for smartphone manufacturing market is driven by increasing demand for smartphones and mobile interface related innovation. These factors have helped shape the robotic process automation for smartphone manufacturing market and are expected to boost the growth. Companies in the robotic process automation for smartphone manufacturing market could also face challenges such as complex deployment and shortage of trained human resource. The details covered in the robotic process automation for smartphone manufacturing market report cover all the aspects of the industry. Analysts studying the robotic process automation for smartphone manufacturing market have also shared growth projections in the report and have suggested robotic process automation for smartphone manufacturing market players to plan business strategies accordingly.
Market Segmentation
The global robotic process automation for smartphone manufacturing market has been segmented based on robot type, organization size, and component. On the basis of type, the market for robotic process automation for smartphone manufacturing is segmented based on 6-axis robot, articulated, cartesian, delta, dual arm and parallel, redundant, SCARA. Additionally, the market on the basis of components, is segmented into automation equipment and power transmission equipment, generators, motor, motor controls. The global market for robotic process automation for smartphone manufacturing is also covered based on organization size segment which is further split into small and medium enterprise and large enterprise.
Factors like integration of new features into smartphones as well as growing use of social media support the robotic process automation for smartphone manufacturing market growth. The performance of robotic process automation for the smartphone manufacturing market has also been studied for the past and current years. Additionally, the robotic process automation for smartphone manufacturing market report provides analysis of these segments. The robotic process automation for smartphone manufacturing market segmental analysis provided in the report offers major details about the robotic process automation for smartphone manufacturing market based on the data and forecasts till 2023.
Regional Analysis
The geographic analysis of the global RPA for smartphone manufacturing market has been conducted for North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is expected to dominate the robotic process automation for smartphone manufacturing market during the forecast period due to growing development in the IT industry. Rollout of 5G communication technologies, compatibility of latest phones with 5G, and the use of smart devices by consumers can drive the market growth in the region.
APAC has successfully assumed the second position in the robotic process automation for smartphone manufacturing market and expects to grow at a faster rate during the forecast period.
Competitive Landscape
The robotic process automation for smartphone manufacturing market is supported by the rapidly growing app market as well as the arrival of new mobile platforms. The population growth around the world and increasing demand of robotic process automation for smartphone manufacturing market based services and products also support the market growth. However, the robotic process automation for smartphone manufacturing market growth can be affected due to lack of well-developed IT infrastructure. The report covers all such details which will help companies in the robotic process automation for smartphone manufacturing market to strengthen their business plan and improve their product portfolio. The robotic process automation for smartphone manufacturing market research report also provides company profiles of major companies. The company profiles of many organizations operating in the robotic process automation for smartphone manufacturing market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the robotic process automation for smartphone manufacturing market. New companies and established businesses can plan their strategies based on this data provided in the robotic process automation for smartphone manufacturing market research report.
Industry News
In addition to other deals with TV firms including Intex, Lloyd and Toshiba, Dixon Technologies, India's leading electronics manufacturer, has entered into a deal to develop Nokia branded phones and smart televisions. Its wholly-owned unit Padget Electronics, which began assembling LG smartphones at Noida, is expected to start assembling phones for HMD Global, the manufacturer of Nokia phones, and also for Lenovo-owned Motorola.
Major Players:
Players leading the RPA smartphone manufacturing market Seiko Epson Corporation, ABB Ltd, Yaskawa Electric Corporation, KUKA Robotics, Denso Wave Inc., Fanuc Corporation, Nice Ltd, Nachi Robotic System Inc., Redwood Software, and Pegasystems Inc., among others.
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