Market Research Future (MRFR), in its latest “Global Robotic Process Automation for Smartphone Manufacturing Market” report, studied different factors that govern the market. In 2017, the value gain of USD 807.9 Mn for the worldwide robotic process automation for smartphone manufacturing market was recorded. By 2023, the robotic process automation for smartphone manufacturing global market can value at USD 3992 Mn at 30.5% CAGR by 2023.
Robotic process automation is an emerging trend observed in the manufacturing sector. And the ingression rate of smartphone is also rising. The need for operational efficiency in manufacturing of smartphone is creating growth opportunities for robotic to deploy. This is expected to boost the expansion the robotic process automation for smartphone manufacturing global market.
The altering consumer market has created the need for deploying advanced techniques. Automation processes are employed for production of smartphone. Flexible production system integrated with high-end IT process to provide safe and fast production with efficacy, flexibility, reliability, and cost-effectiveness. The economic constraints which alters performance can also be sorted by industrial automation process. The different factors attributing to the rise of the robotic process automation for smartphone manufacturing worldwide market are the prime focus of industries to achieve energy efficacy across the manufacturing process. The mounting deployment of IoT solution across industries and internal process, and increase in smartphone integration platform. Besides, the scarcity of investment by SME industry and low availability of expertise to in the developing economies for applying and processing automation systems can affect the robotic process automation for smartphone manufacturing market growth through the forecast period.
Detailed Regional Analysis
The global robotic process automation for smartphone manufacturing market is studied for an extensive regional segmentation that includes North America, Europe, Asia-Pacific, and the rest of the world. North America is estimated to dominate the global robotic process automation for smartphone manufacturing market over the review period. This can be owed to the growing development in the IT industry. North America accounted for a market revenue valuation of USD 294.19 million at the beginning of the forecast period. North America is poised to register a CAGR of 31.29% over the review period.
Asia Pacific is estimated to gain the second largest share of the global robotic process automation for smartphone manufacturing market during the conjecture period. This region is projected to ascend at the fastest growth rate over the forecast period, as per the researchers in the MRFR analysis.
Some prominent players in the global robotic process automation for smartphone manufacturing market include ABB Ltd, Yaskawa Electric Corporation, Seiko Epson Corporation, Pegasystems Inc., Denso Wave Inc., KUKA Robotics, Nachi Robotic System Inc., Fanuc Corporation, Nice Ltd, and Redwood Software.
Robotic Process Automation for Smartphone Manufacturing Market is probable to grow to USD 3992.6…
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