RPA for Smartphone Manufacturing Market
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on RPA for Smartphone Manufacturing Market. The growth sectors of the RPA for Smartphone Manufacturing Market are identified with precision for a better growth perspective.
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The experts have analyzed the global robotic process automation for the smartphone manufacturing market at Market Research Future (MRFR), and such analysis has been published in the form of a report for the forecast period of 2018-2023. The report has suggested that the global robotic process automation for smartphone manufacturing market is likely to garner a market revenue valuation of USD 3992.6 million by the end of the forecast period. The report has also emphasized on the fact that the global robotic process automation for smartphone manufacturing market is likely to record a CAGR of 30.5% between 2018-2023.
Robotic process automation is emerging in the manufacturing and the industrial sectors as it assists them in the augmentation o f their operational efficiency. Through the installation of robotic process automation, manufacturers have found it easy for the companies for the production in huge quantities at lower cost with higher efficiency. Owing to the upsurge noted in the demand for smartphones by consumers has created growth prospects for robotic process automation market all over the globe. Furthermore, innovation in the mobile interface, that is connected with digital technology, including social media usage, and growing app market has created high demand for smartphones all across the world.
The robotic process automation for smartphone manufacturing market is anticipated to witness momentous growth owing to the surging demand for smartphones and the rising penetration in the mobile platform manufacturers for integration with more features to make the life of consumers easier and secure, as compared to earlier.
Market Segmentation
The global robotic process automation for smartphone manufacturing market is studied for an elaborate segmentation that is based on robot type, component, organization size, and region. Based on robot type, the global robotic process automation for smartphone manufacturing market is segmented into SCARA, Cartesian, articulated, delta, 6-axis robot, dual-arm, redundant, and parallel. The 6-axis robot segment held the largest share of the global robotic process automation for smartphone manufacturing market at the beginning of the forecast period, recorded at a market valuation of USD 168.7 million in 2017. On the other hand, SCARA segment was the second-largest shareholder in the market during the forecast period.
Based on component, the global robotic process automation for smartphone manufacturing market is segmented into generators, motors, motor controls, automation equipment, and power transmission equipment. Based on organization size, the global robotic process automation for smartphone manufacturing market is segmented into small & medium enterprises and large enterprises.
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.
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