MARKET INTRODUCTION
An assembly automation system uses automated devices for producing goods and performing different functions in an assembly line. The basic functionality of assembly automation is an organized approach to collecting goods, which is partially automated and partially controlled by humans. Some of the benefits of the assembly process from a conventional automation system are the consistency of input and output, labor savings, ability to handle multiple tasks to meet requirements of a manufacturing process, better reliability, and profitability through higher production rate.
MARKET DYNAMICS
The increase in demand for plant automation in order to attain superior equipment efficiency, improved process accuracy, and output are some of the significant actors driving the growth of the assembly automation market. However, high initial cost, the increasing complexity of industrial automation systems, and lack of skilled labor are some of the major factors which may restrain the growth of the assembly automation market. Nevertheless, ongoing digitalization trend and rapid growth in the electronics and semiconductors manufacturing industry are anticipated to boost the growth of the assembly automation market.
MARKET SCOPE
The "Global Assembly Automation Market Analysis to 2028? is a specialized and in-depth study of the assembly automation market with a special focus on the global market trend analysis. The report aims to provide an overview of assembly automation market with detailed market segmentation by physical configuration, product type, end-use. The global assembly automation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading assembly automation market players and offers key trends and opportunities in the assembly automation market.
MARKET SEGMENTATION
The global assembly automation market is segmented on the basis of physical configuration, product type, end-use. On the basis of physical configuration, the market is segmented as dial-type assembly machine, carousel assembly system, in-line assembly machine, single-station assembly machine. On the basis of product type, the market is segmented as bifurcated central control system, robot automation equipment, other. On the basis of end user, the market is segmented as automotive, 3c industry, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global assembly automation market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The assembly automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting assembly automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the assembly automation market in these regions.
MARKET PLAYERS
The reports cover key developments in the assembly automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from assembly automation market are anticipated to lucrative growth opportunities in the future with the rising demand for assembly automation market. Below mentioned is the list of few companies engaged in the assembly automation market.
The report also includes the profiles of key assembly automation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- ATS Automation Tooling Systems Inc.
- Hirata FA Engineering (S) Pte Ltd
- Intec Automation, Inc
- Koops Inc.
- NUTEC TOOLING SYSTEMS
- RNA Automation Limited
- Rockwell Automation, Inc
- thyssenkrupp System Engineering
- Torrautomation Systems Pvt. Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.