South America Factory Automation Market Forecast to 2028

Report Code : BMIRE00027596 | Region : LAMEA | Industry : Electronics and Semiconductor | Published Date : 06/Dec/2022
South America Factory Automation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexible Automation), Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface (HMI), and Others), and Industry Vertical (Automotive, Food and Beverage, Oil and Gas, Manufacturing, Mining, and Others)

The factory automation market in SAM is expected to grow from US$ 3,851.75 million in 2022 to US$ 4,978.96 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

Increase in the number of product launches

The continuously growing demand for factory automation has compelled the market players to raise investments in developing new and innovative products and software offerings. A few of the major product developments have taken place in recent years. For instance, in September 2022, Fanuc Corporation announced the launch of new FANUC SCARA robots for food and cleanroom applications. The FANUC SR-3iA/C and SR-6iA/C are fast and precise SCARA robots making them ideal for use in food plants and clean rooms. The robots also consist of white epoxy coating for extra durability and IP54 protection guarding against the ingress of contamination from dust and water spray. Similarly, in August 2022, Rockwell Automation, Inc. announced the enhancement in the compact PowerFlex Drive. The PowerFlex 6000T drive can accept up to 13.8 kV primary voltage, which is nearly twice the input voltage. Its real-time operational intelligence can monitor system performance, save energy with economizer mode, deliver faster commissioning with adaptive control, and reduce downtime and repair costs with predictive maintenance alerts. Such advancements in factory automation solutions, supported by high investments by manufacturers to enhance their product portfolio and innovate products as per customer changing requirements, are expected to contribute to the growth of the factory automation market during the forecast period. In addition, new product launches will help end-user industries such as automotive, food & beverages, oil & gas, and mining improve production time.

Market Overview

Based on country, the South American factory automation market is segmented into Brazil, Argentina, and the Rest of South America. South American countries have been slow adopters of technologies. Among all countries in South America, Brazil is estimated to be the most significant contributor to the revenue of the South American factory automation market during the forecast period. The market growth can largely be attributed to growth in the manufacturing industry in this country. Brazilian business leaders are deploying Industry 4.0 technology for all sizes of organizations. The growing awareness regarding digitization is prompting the development of new business models, income streams, and operational processes. For instance, in March 2021, Accenture acquired Pollux, a Brazilian company that specializes in industrial robotics and automation systems, to strengthen its digital manufacturing, operations, and supply chain. The firm's services are used by more than 1000 companies in the manufacturing sector.

Factory Automation Market Revenue and Forecast to 2028 (US$ Million)

SAM Factory Automation Market Segmentation

The SAM factory automation market is segmented into component, hardware, type, technology, industry vertical and country. Based on component, the market is bifurcated into hardware and software. The hardware segment registered a larger market share in 2022.

Based on hardware, the SAM factory automation market is segmented into sensors, controllers, robots, drives, and other hardware components. The robots segment registered the largest market share in 2022. Based on type, the SAM factory automation market is segmented into programmable automation, fixed automation, and flexible automation. The fixed automation segment registered the largest market share in 2022. Based on technology, the SAM factory automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), Human-Machine Interface (HMI), and others. The supervisory control and data acquisition system (SCADA) segment registered the largest market share in 2022. Based on industry vertical, the SAM factory automation market is segmented into automotive, food and beverages, oil and gas, manufacturing, mining, and others. The manufacturing segment registered the largest market share in 2022. Based on country, the market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market share in 2022.

ABB Ltd; Bosch Rexroth AG; Emerson Electric Co.; Fanuc Corporation; General Electric Company; Honeywell International Inc.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; and Siemens AG are the leading companies operating in the factory automation market in the region.

● ABB Ltd

● Bosch Rexroth AG

● Emerson Electric Co.

● Fanuc Corporation

● General Electric Company

● Honeywell International Inc.

● Mitsubishi Electric Corporation

● OMRON Corporation

● Rockwell Automation, Inc.

● Siemens AG

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Factory Automation Market Landscape

4.1 Market Overview

4.2 SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Factory Automation Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Adoption of Factory Automation Across Automotive Industry

5.1.2 Increasing Number of Product Launches

5.2 Market Restraints

5.2.1 High Operating Cost for Small and Medium Manufacturing Companies

5.3 Market Opportunities

5.3.1 Growing Collaborative Partnerships Between Companies

5.4 Future Trends

5.4.1 Automation in Mining Industry

5.5 Impact Analysis of Drivers and Restraints

6. Factory Automation Market – SAM Market Analysis

6.1 SAM Factory Automation Market Overview

6.2 SAM Factory Automation Market Forecast and Analysis

7. SAM Factory Automation Market Analysis – By Component

7.1 Overview

7.2 SAM Factory Automation Market, By Component (2021 and 2028)

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

7.4 Software

7.4.1 Overview

7.4.2 Software: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

8. SAM Factory Automation Market Analysis – By Hardware

8.1 Overview

8.2 SAM Factory Automation Market, By Hardware (2021 and 2028)

8.3 Sensors

8.3.1 Overview

8.3.2 Sensors: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

8.4 Controllers

8.4.1 Overview

8.4.2 Controllers: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

8.5 Robots

8.5.1 Overview

8.5.2 Robots: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

8.6 Drives

8.6.1 Overview

8.6.2 Drives: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

9. SAM Factory Automation Market Analysis – By Type

9.1 Overview

9.2 SAM Factory Automation Market, By Type (2021 and 2028)

9.3 Programmable Automation

9.3.1 Overview

9.3.2 Programmable Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

9.4 Fixed Automation

9.4.1 Overview

9.4.2 Fixed Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

9.5 Flexible Automation

9.5.1 Overview

9.5.2 Flexible Automation: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

10. SAM Factory Automation Market Analysis – By Technology

10.1 Overview

10.2 SAM Factory Automation Market, By Technology (2021 and 2028)

10.3 PLC

10.3.1 Overview

10.3.2 PLC: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

10.4 DCS

10.4.1 Overview

10.4.2 DCS: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

10.5 SCADA

10.5.1 Overview

10.5.2 SCADA: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

10.6 HMI

10.6.1 Overview

10.6.2 HMI: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

10.7 Others

10.7.1 Overview

10.7.2 Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

11. SAM Factory Automation Market Analysis – By Industry Vertical

11.1 Overview

11.2 SAM Factory Automation Market, By Industry Vertical (2021 and 2028)

11.3 Automotive

11.3.1 Overview

11.3.2 Automotive: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

11.4 Food and Beverage

11.4.1 Overview

11.4.2 Food and Beverage: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

11.5 Oil and Gas

11.5.1 Overview

11.5.2 Oil and Gas: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

11.6 Manufacturing

11.6.1 Overview

11.6.2 Manufacturing: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

11.7 Mining

11.7.1 Overview

11.7.2 Mining: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

11.8 Others

11.8.1 Overview

11.8.2 Others: Factory Automation Market – Revenue, and Forecast to 2028 (US$ Million)

12. SAM Factory Automation Market – Country Analysis

12.1 Overview

12.1.1 South America: Factory Automation Market, by Key Country

12.1.1.1 Brazil: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.1.1 Brazil: Factory Automation Market, by Component

12.1.1.1.2 Brazil: Factory Automation Market, by Hardware

12.1.1.1.3 Brazil: Factory Automation Market, by Type

12.1.1.1.4 Brazil: Factory Automation Market, by Technology

12.1.1.1.5 Brazil: Factory Automation Market, by Industry Vertical

12.1.1.2 Argentina: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.2.1 Argentina: Factory Automation Market, by Component

12.1.1.2.2 Argentina: Factory Automation Market, by Hardware

12.1.1.2.3 Argentina: Factory Automation Market, by Type

12.1.1.2.4 Argentina: Factory Automation Market, by Technology

12.1.1.2.5 Argentina: Factory Automation Market, by Industry Vertical

12.1.1.3 Rest of SAM: Factory Automation Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.3.1 Rest of SAM: Factory Automation Market, by Component

12.1.1.3.2 Rest of SAM: Factory Automation Market, by Hardware

12.1.1.3.3 Rest of SAM: Factory Automation Market, by Type

12.1.1.3.4 Rest of SAM: Factory Automation Market, by Technology

12.1.1.3.5 Rest of SAM: Factory Automation Market, by Industry Vertical

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

13.4 New Product Launch

14. Company Profiles

14.1 ABB Ltd

14.1.1 Key Facts

14.1.2 .Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Emerson Electric Co.

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Fanuc Corporation

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 General Electric Company

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Mitsubishi Electric Corporation

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Honeywell International Inc.

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 OMRON Corporation

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Rockwell Automation, Inc.

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Siemens AG

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Bosch Rexroth AG

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

Table 1.             SAM Factory Automation Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             Brazil: Factory Automation Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil: Factory Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Brazil: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Brazil: Factory Automation Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Brazil: Factory Automation Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Argentina: Factory Automation Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Argentina: Factory Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Argentina: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Argentina: Factory Automation Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Argentina: Factory Automation Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of SAM: Factory Automation Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of SAM: Factory Automation Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of SAM: Factory Automation Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of SAM: Factory Automation Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of SAM: Factory Automation Market, by Industry Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 17.          List of Abbreviation

● ABB Ltd

● Bosch Rexroth AG

● Emerson Electric Co.

● Fanuc Corporation

● General Electric Company

● Honeywell International Inc.

● Mitsubishi Electric Corporation

● OMRON Corporation

● Rockwell Automation, Inc.

● Siemens AG

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM factory automation market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the SAM factory automation market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the factory automation market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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