The Mobile Manufacturing Industry Market is estimated to be valued at US$ 2.9 Billion or Million in 2022 and is expected to exhibit a CAGR of 9.2% over the forecast period 2022 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The mobile manufacturing industry involves designing, development, production
and sales of mobile devices such as smartphones, tablets and portable
entertainment devices. Manufacturing of mobile devices involves assembly of
various electronic and mechanical components with latest technology integrated.
Automation and IoT tools have enabled efficient monitoring and control of
production lines for precision and quality.
Market key trends:
Automation and use of IoT tools in production process have emerged as a key
trend fuelling growth of mobile manufacturing industry. Automated production
lines integrated with IoT enable real-time monitoring of manufacturing
operations. Advanced robotic systems are deployed for tasks like component
assembly, quality inspection and packaging. Data collected through IoT sensors
helps identify issues and optimize production workflows. Automation has
improved efficiency while reducing human errors and costs for mobile
manufacturers. Connected devices on production floor facilitate remote
management and predictive maintenance of equipment.
Porter's Analysis
Threat of new entrants: Low capital requirements and established buyers allow
new companies to enter the market easily. However, existing players have
established reputations and client relationships.
Bargaining power of buyers: Large buyers can negotiate lower prices, while
small buyers have limited negotiating power. Buyers can also choose from
various technology and service providers.
Bargaining power of suppliers: A few large technology companies dominate the
supply landscape. However, availability of open-source and custom development
options gives buyers alternatives.
Threat of new substitutes: Emerging technologies around automation, analytics
and cloud platforms provide alternative solutions to manage supply chain risks.
Competitive rivalry: Intense competition exists among key global players.
Companies compete based on offerings, industry expertise, analytics
capabilities and customer service.
SWOT Analysis
Strengths: End-to-end solutions that help manufacturers and retailers mitigate
risks, reduce costs and ensure compliance. Strong domain expertise and ability
to integrate with existing IT systems.
Weaknesses: High initial costs and long implementation cycles. Reliance on
third party data for risk analysis can limit accuracy.
Opportunities: Growing e-commerce sales and changing regulatory environment
increases emphasis on supply chain visibility and risk management. Adoption in
small and medium enterprises yet to plateau.
Threats: Economic slowdowns can reduce technology budgets. Open source and custom
development alternatives gaining ground. Dependency on few large customers
increases concentration risks.
Key Takeaways
The global Supply
Chain Risk Management Market Size is expected to witness high growth,
exhibiting CAGR of 9.2% over the
forecast period, due to increasing complexities in global supply chains and
rising frequency of disruptions. North America dominated the market in 2021
with over 35% share owing to strong focus on digital transformation from
manufacturers and retailers. However, Asia Pacific is likely to be the fastest
growing region, growing at a CAGR of around 11% during the forecast period due
to rising investments from Chinese and Japanese companies to strengthen control
over overseas operations.
Key players operating in the Supply Chain Risk Management market are Avetta,
LLC, Cura Software Solutions, DHL International GmbH, GEP, LogicManager, Inc.,
Marsh LLC, MetricStream Inc., SZ DJI Technology Co. Ltd., SAP Ariba Inc.,
Software AG, and The AnyLogic Company, and others. These companies have been
focusing on partnerships, collaborations and product launches catering to
industry-specific requirements to strengthen their market position.
Read More,
https://www.newsstatix.com/supply-chain-risk-management-market-trends-size-and-share-analysis/
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