South & Central America Collaborative Robots Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 250 | Report Code: BMIRE00029213 | Category: Electronics and Semiconductor
No. of Pages: 250 | Report Code: BMIRE00029213 | Category: Electronics and Semiconductor
The South & Central America collaborative robots market was valued at US$ 47.66 million in 2023 and is expected to reach US$ 316.65 million by 2031; it is estimated to record a CAGR of 26.7% from 2023 to 2031.
The penetration of industrial automation is increasing in various industries other than automotive, such as logistics, food & beverages, electrical & electronics, and rubber & plastics. In the recent past, the nonautomotive industries were underpenetrated compared to the automotive industry. With the increasing functionality of equipment such as collaborative robot, it is anticipated that the nonautomotive industries will further accelerate the adoption of collaborative robot. The penetration of industrial automation is also increasing among countries. Developed markets, including China, the US, and Japan, have high penetration; however, there is still a lot of opportunity for the industrial market to grow further, even in the developed markets. The prospect of further robot installations is remarkable in many of these countries, particularly in the automotive industry. This growth is attributed to the necessary modernization and transformation required in these markets. These statistics are promising for collaborative robot manufacturers as they signify the huge scope for further increase in adoption. It is expected that the low penetration will propel considerable growth during the forecast period as long as there is considerable support from the government to the manufacturers.
South America comprises several emerging economies, which have been experiencing tremendous growth in their manufacturing sector. The automotive sector of Brazil is witnessing the highest adoption, as the country has the presence of manufacturing facilities of several automotive players such as Fiat, General Motors, Honda, Volkswagen, Renault, and Peugeot. Further, other manufacturing industries in the country include electronics, aerospace, and food and beverages. As per government sources, Brazil is anticipated to witness a high growth in the country's automobile production capacity in the coming years.
The South & Central America collaborative robots market is categorized into payload, application, type, end-user industry, functionality, and country.
Based on payload, the South & Central America collaborative robots market is segmented into 5–10 Kgs, up to 5 Kgs, and Above 10 Kgs. The 5–10 Kgs segment held the largest market share in 2023.
In terms of application, the South & Central America collaborative robots market is categorized into assembly, pick and place, material handling, quality testing, machine tending, welding, packaging, and others. The material handling segment held the largest market share in 2023.
By type, the South & Central America collaborative robots market is segmented into robotic arm, welding guns, grippers, and others. The robotic arm segment held the largest market share in 2023.
Based on end-user industry, the South & Central America collaborative robots market is segmented into automotive, electronics, metal and machinery, food and beverage, logistics, pharmaceuticals, and others. The automotive segment held the largest market share in 2023.
In terms of functionality, the South & Central America collaborative robots market is bifurcated into static robot and mobile robot. The static robot segment held a larger market share in 2023.
By country, the South & Central America collaborative robots market is segmented into Brazil, Argentina, and the Rest of South and Central America. Brazil dominated the South & Central America collaborative robots market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 47.66 Million |
| Market Size by 2031 | US$ 316.65 Million |
| Global CAGR (2023 - 2031) | 26.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Payload
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
ABB Ltd; Agile Robot SE; Aubo (Beijing) Robotics Technology Co Ltd; Azenta, Inc.; Bosch Rexroth AG; Comau SpA; Denso Corp; Doosan Robotics Inc; ESTUN AUTOMATION CO., LTD; Fanuc Corp; Kawasaki Heavy Industries Ltd; Kuka AG; OMRON Corp; Productive Robotics, LLC; Rethink Robotics GmbH; SIASUN Robot & Automation CO., Ltd; Svaya Robotics Pvt. Ltd.; Techman Robot Inc; Teradyne Inc; and Yaskawa America Inc are some of the leading companies operating in the collaborative robots market.
The South & Central America Collaborative Robots Market is valued at US$ 47.66 Million in 2023, it is projected to reach US$ 316.65 Million by 2031.
As per our report South & Central America Collaborative Robots Market, the market size is valued at US$ 47.66 Million in 2023, projecting it to reach US$ 316.65 Million by 2031. This translates to a CAGR of approximately 26.7% during the forecast period.
The South & Central America Collaborative Robots Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Collaborative Robots Market report:
The South & Central America Collaborative Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Collaborative Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Collaborative Robots Market value chain can benefit from the information contained in a comprehensive market report.
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