South America Smart Factory Market – Size, Outlook, Trends and Forecast (2024

South America Smart Factory Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Smart Factory or industry 4.0 defined as the industrial digitalisation by combining new developments such as artificial intelligence, internet of things, machine-to-machine communication, and automation to improve efficiency.

South America Smart Factory Market Segments Size & Growth:

South America Smart Factory Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in usage of technology and demand for industrial robots. Though, Increase in capital expenditure hamper the growth of the South America Smart Factory market.

South America Smart Factory Market Segments Share:

South America Smart Factory market is categorised into by-product which consists of sensors, control devices, industrial robotics, machine vision systems, communication technologies, and wireless technologies. Industrial robotics is expected to grow at a quick pace due to increase in productivity, reduce errors and improve production volume. By technology, it is classified by the distributed control system, programmable

South America Smart Factory Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

logic controller, supervisory control and data acquisition, human-machine interface, manufacturing execution system, product lifecycle management, and enterprise resource planning. The distributed control system is the leading market owing to the finest control and helps in real-time monitoring. By end-user, it is segmented as automotive, electrical & electronics, oil & gas, chemical & petrochemical, manufacturing, aerospace, defence, pharmaceuticals, food & beverages, mining & metals, pulp & paper, and some others. The automotive industry is projected to have a significant growth because of the employment of automation for better productivity and to cut the operational cost.

By Geography, Brazil is dominating the growth of the South America Smart Factory market and the growth in South America is mainly attributed because of the technological innovations and rapid increase in adoption of the automotive sector. Furthermore, Argentina is witnessing the fastest growth during the forecast period, due to investments in digitalisation of automotive industries and emerging technologies.

South America Smart Factory Market Segments Trends:

In January 2018, Honeywell has launched an Indoor navigation app which is known as “Honeywell Vector Occupant App” to have control over the building.
In January 2017, Schneider Electric partnered with SEforALL (Sustainable Energy for All) to reduce energy wastage.

South America Smart Factory Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Atos SE
Yokogawa Electric Corp.
Mitsubishi Electric Corporation
Worximity Technology Inc.
Rockwell Automation, Inc.

Market Segments Trends: In

You can also purchase parts of this report. Do you want to check out a section wise price list

South America Smart Factory Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.