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

South America Smart Robots 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

A robot is a machine, which is capable of carrying out of complex actions automatically and can be controlled by humans. Smart robots are those, which are capable of handling the things and processes with ease and with no time under critical circumstances. Availability of affordable and energy efficient robots with growing adoption of these robots in various industries are driving the market growth.

South America Smart Robots Market Segments Size & Growth:

South America smart robots market is valued at $XX Billion in 2018 and is expected to reach around $XX Billion by 2024 at a CAGR of XX%. The accelerating factors of smart robots market include the high requirement for automation, emerging technological advancements in the field of robotics, increase in investments towards industrial automation, availability of affordable & energy efficient tools and increase in investments in R & D activities are majorly driving the market. However, high initial investment and installation cost along with safety concerns due to complex high-level interfacing.

South America Smart Robots Market Segments Share:

South America smart robots market share by the component is segmented into software and hardware. Among which equipment is sub-segmented into sensors, actuators, power source, control systems and others. Smart robot market by software is dominating the market and growing at a higher CAGR over the forecast period. Technological advancements, which lead to the complexities of features such as connectivity, artificial intelligence, which is increasing the overall market value in smart robots market.

Smart robots by type are classified into articulated robots, Cartesian robots, Scara robots, cylindrical robots and others. Among which articulated robots are accounting for the significant share

South America Smart Robots 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

in the market owing to their increased usage of these robots in various sectors such as packaging, healthcare and others in emerging economies. These articulated robots can range from simple two-jointed structures to systems with 10 or more interacting robots. However, cylindrical robots have sustainable growth rates in APAC region due to their applications in various industries.

Smart robots by Functionality is categorised into soldering & welding, material handling, assembling & disassembling, painting & dispensing and others (milling, cutting and processing). Among which material handling is holding the most significant revenue as it is utilised under various purposes in various industries, which are used for the administration of the materials to carry out the industrial operations including storage, picking and placing and some other activities.

Smart robots are majorly utilised under various applications such as service robots, industrial robots, commercial robots, professional robots, personal robots and others. Professional robots segment is expected to dominate the market with higher CAGR value as there is a high demand for these robots in defence and security and marine sectors. Service robots are also growing with a higher growth rate, as the usage of these robots is primary in private and educational institutes.

End-user industries in smart robot market include defence and security, medical, marine, food & beverages, automotive, logistics and others. The automotive industry has the share of around 54.5% of overall smart robots market. Adoption of IOT and big data in these applications will increase the efficiency and enhance the safety, which is driving the intelligent robots market in this industry.

Geographical analysis of smart robots market under various regions Brazil,

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South America Smart Robots 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

Argentina and others. Argentina offers intelligent agro-technologies that are automation and robotics to spray the crops or for low-cost urban agriculture. This newer adoption of these robotic technologies in agriculture sector is majorly driving the market in this region.

South America Smart Robots Market Trends:

Growth in the deployment of smart robots in the Agricultural sector.
New technologies such as Artificial intelligence is penetrating into the world of robotics.
KUKA robotics to present plastic processing robotics.

South America Smart Robots Market Research Report includes:

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 the analyst to the individual and organisation to have the better foothold in the market.

The major market players are

ABB Ltd
Daihen Corporation
Denso Corporation
Fanuc Corporation
Kawasaki heavy industries Ltd
KUKA Robotics Corporation

Along with these companies, there were many other companies considered/cited in the report while analysing the South America smart robots market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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