Pune, India -- (SBWire) -- 10/26/2018 --Market Highlights
Global robotic process automation market by robot type is sub-segmented into Cartesian, SCARA, Articulated, Delta, 6-Axis Robots, Redundant, Dual-Arm, Parallel robots among others. 6-Axis Robots is dominating the market of Robotic Process Automation for Smartphone Manufacturers, and is expected to grow with 37% of CAGR from 2017 to 2023. SCARA market is expected to grow with 36% CAGR from 2017 to 2023 followed by Parallel robots. The 6 axis robots holds 6 axis such as at base, allowing the robot to move from left to right, allowing forward and backward motion, enabling the vertical motion, wrist roll (rotating the upper arm in a circular motion), pitch and yaw motion, twisting motion. These robots are also called the six degree of freedom that allow for the greater flexibility, and performing wide variety of complex applications. Whereas, SCARA is the best suited for high speed assembly, knitting, packaging and other material handling applications. Another benefit of the SCARA robot is the joint link arm like the human arm allowing to perform the cutting operations in a curved sequence.
The global robotic process automation for smartphone manufacturing market is expected to reach USD 3.99 billion at a CAGR of over 30% by the end of the forecast period 2016-2023.
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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).
Industry Segments
The Robotic Process Automation for Smartphone Manufacturing Market globally includes segments on the basis of organization size, component and robot type. The robot type segment comprises of SCARA, Cartesian, Delta, 6-Axis Robots, Articulated, Parallel Redundant, Dual-Arm, and others. The components are segmented into generators, motors, automation equipment, motor controls, and power transmission equipment. The organization size are segmented into large and small & medium enterprise.
Competitive Analysis
The market development by competitors encompasses strong risk management strategies which will positively influence the market. The opponents in the market are determinedly trying to create leading market positions through new policies and strategies. The experienced management in the companies functioning in the market are making business models which can bring about a fruitful phase of development. The significant trends and players have established a positive tone for development. The competitors in the market are trying to succeed commercially by ensuring demand and supply are in balance. The momentum of the market's growth has altered the competitive background of the market. The contenders in the market are also leveraging their competitive advantages to secure their growth in the market.
Regional Analysis
The market comprises of regions such as Europe, North America, Asia Pacific, and rest of the world. The regional analysis of RPA for smartphone manufacturing market comprises region such as North America (Canada, U.S, Mexico), Asia pacific (India, China, Japan), Europe (Germany, U.K) and Rest of the World. The North American region is one of the principal 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 speedy growth in the IT industry, and growing adoption of smartphone by consumers. The robotic process automation for smartphone manufacturing market in the European region is likely to observe rapid growth in the upcoming period. Whereas, nations in the Asia Pacific region such as India, China and Japan are an emerging market for robotic process automation for smartphone manufacturing market and is projected to be the top CAGR generator 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
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Robotic Process Automation for Smartphone Manufacturing Market 2018: Global Trends, Sales Revenue, Key Players Analysis, Industry Growth and Opportunity Assessment 2023
Market Research Future published a research report on “Robotic Process Automation for Smartphone Manufacturing Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.