Assembly Automation Market Size Worth US$
18700 million By 2023
Assembly Automation Market research report 2019 - 2023
provides the newest industry data and industry future trends,
allowing you to identify the products and end users driving
Revenue growth and profitability.
Global Assembly Automation Market Synopsis:
According to Market Analyst, The Global Assembly Automation Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Assembly Automation industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, Assembly Automation market size to maintain the average annual
growth rate of 8.93% from 10600 million $ in 2013 to 13700 million $ in 2018, Market analysts believe
that in the next few years, Assembly Automation market size will be further expanded, we expect that
by 2023 , The market size of the Assembly Automation will reach 18700 million $.
Generally, automated machinery is used to produce products in which standard components or parts
are added in a definite sequence of events along what is commonly called an assembly line. Automated
assembly forms an integral part of the process in many technical organizations, manufacturing
industries, medical research, clinical companies, etc.
Increasing demand for plant automation in order to attain superior equipment efficiency, improved
process accuracy and output is supporting research and development in assembly automation. Some of
the unique features of assembly automation include the ability to handle multiple tasks with reliability in
order to meet specific manufacturing requirements.
Global Assembly Automation Market has been segmented on the Basis of Product Type, Industry and
Region. On the Basis of Product Type, Assembly Automation Market can be sub segmented into Robot
Automation Equipment, Other Automation Equipment, Central Control System. In the Industry segment,
Market sub segmented into Automobile and 3C Industry.
Regionally, North America and Europe are predicted to hold a major share in the assembly automation
systems market due to the existence of hub of automotive industries in these regions.