The Latin America, Middle East and Africa Industry 4.0 Market would witness market growth of 22.8% CAGR during the forecast period (2022-2028).
Many companies are engaging in cutting-edge technology like human-machine interaction, analytics, sophisticated engineering, networking, data, and processing power to improve production efficiency and save costs by reducing production downtime. Companies can estimate and anticipate any problems that could develop with continuing operations with the help of Industry 4.0 technologies. Preventive maintenance is typically performed manually according to schedule or time. But with the development of IoT, preventive maintenance has become much more simplified and automated. Systems are able to predict problems before they occur or determine whether machinery needs to be repaired, which enables firms to address possible problems before they escalate.
In the past, manufacturing companies that wanted to stay competitive had to outsource to low-wage countries. Richer nations are now able to compete again because to technological advancements. As a result, rather than making decisions largely based on wages, companies may now select locations based on technical skills and proximity to market demand.
To expand its economy and entice foreign businesses, the Abu Dhabi Department of Economic Development (ADDED) unveiled a new Smart Manufacturing programme in October 2021. The UAE Ministry of Industry and Advanced Technology's federal "Industry 4.0" project coexists with this new effort. By cooperation with top international tech organizations, the project aims to boost the digital competencies of hundreds of local manufacturers.
By 2031, the UAE wants to expand GDP by $6.8 billion and grow manufacturing all across board by 30%. The Emirate of Abu Dhabi's Smart Manufacturing Project promotes the implementation of cutting-edge manufacturing techniques by offering fresh financing options via the system of commercial banks. This Smart Manufacturing Project seeks to raise new commercial money in order to use cutting-edge technology to make factories in the Emirate more automated, secure, and productive.
The Brazil market dominated the LAMEA Industry 4.0 Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,447.6 million by 2028. The Argentina market is poised to grow at a CAGR of 23.4% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 22.4% during (2022 - 2028).
Based on Technology, the market is segmented into Industrial Sensors, Machine Vision, Industrial Robots, HMI, Blockchain, Industrial 3D Printing, AI in Manufacturing, Digital Twin, Machine Condition Monitoring, and Automated Guided Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Industry 4.0 Market is Predict to reach $195.8 Billion by 2028, at a CAGR of 19.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Advantech Co., Ltd., Basler AG, Cisco Systems, Inc., Cognex Corporation, Daifuku Co., Limited, Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., and IBM Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Industrial Sensors
- Machine Vision
- Industrial Robots
- HMI
- Blockchain
- Industrial 3D Printing
- AI in Manufacturing
- Digital Twin
- Machine Condition Monitoring
- Automated Guided Vehicles
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Advantech Co., Ltd.
- Basler AG
- Cisco Systems, Inc.
- Cognex Corporation
- Daifuku Co., Limited
- Emerson Electric Co.
- General Electric (GE) Co.
- Honeywell International, Inc.
- IBM Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Industry 4.0 Market, by Technology
1.4.2 LAMEA Industry 4.0 Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Jun) Leading Players
Chapter 4. LAMEA Industry 4.0 Market by Technology
4.1 LAMEA Industrial Sensors Market by Country
4.2 LAMEA Machine Vision Market by Country
4.3 LAMEA Industrial Robots Market by Country
4.4 LAMEA HMI Market by Country
4.5 LAMEA Blockchain Market by Country
4.6 LAMEA Industrial 3D Printing Market by Country
4.7 LAMEA AI in Manufacturing Market by Country
4.8 LAMEA Digital Twin Market by Country
4.9 LAMEA Machine Condition Monitoring Market by Country
4.1 LAMEA Automated Guided Vehicles Market by Country
Chapter 5. LAMEA Industry 4.0 Market by Country
5.1 Brazil Industry 4.0 Market
5.1.1 Brazil Industry 4.0 Market by Technology
5.2 Argentina Industry 4.0 Market
5.2.1 Argentina Industry 4.0 Market by Technology
5.3 UAE Industry 4.0 Market
5.3.1 UAE Industry 4.0 Market by Technology
5.4 Saudi Arabia Industry 4.0 Market
5.4.1 Saudi Arabia Industry 4.0 Market by Technology
5.5 South Africa Industry 4.0 Market
5.5.1 South Africa Industry 4.0 Market by Technology
5.6 Nigeria Industry 4.0 Market
5.6.1 Nigeria Industry 4.0 Market by Technology
5.7 Rest of LAMEA Industry 4.0 Market
5.7.1 Rest of LAMEA Industry 4.0 Market by Technology
Chapter 6. Company Profiles
6.1 ABB Group
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Product Launches and Product Expansions:
6.1.5.3 Acquisition and Mergers:
6.1.5.4 Geographical Expansions:
6.1.6 SWOT Analysis
6.2 Advantech Co., Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations and Agreements:
6.2.5.2 Product Launches and Product Expansions:
6.3 Cognex Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.3.5.2 Acquisition and Mergers:
6.4 Basler AG
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional Analysis
6.4.4 Research & Development Expense
6.5 IBM Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional & Segmental Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Acquisition and Mergers:
6.5.6 SWOT Analysis
6.6 Cisco Systems, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expense
6.6.5 Recent strategies and developments:
6.6.5.1 Acquisition and Mergers:
6.6.6 SWOT Analysis
6.7 Honeywell International, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expenses
6.7.5 Recent strategies and developments:
6.7.5.1 Partnerships, Collaborations, and Agreements:
6.7.5.2 Acquisition and Mergers:
6.7.6 SWOT Analysis
6.8 General Electric (GE) Co.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Product Launches and Product Expansions:
6.8.6 SWOT Analysis
6.9 Daifuku Co., Limited
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 Recent strategies and developments:
6.9.5.1 Acquisition and Mergers:
6.10. Emerson Electric Co.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent strategies and developments:
6.10.5.1 Acquisition and Mergers:
6.10.5.2 Geographical Expansions:
TABLE 1 LAMEA Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Industry 4.0 Market
TABLE 4 Product Launches And Product Expansions – Industry 4.0 Market
TABLE 5 Acquisition and Mergers – Industry 4.0 Market
TABLE 6 Geographical Expansions – Industry 4.0 Market
TABLE 7 LAMEA Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 8 LAMEA Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 9 LAMEA Industrial Sensors Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Industrial Sensors Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Machine Vision Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Machine Vision Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Industrial Robots Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Industrial Robots Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA HMI Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA HMI Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Industrial 3D Printing Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Industrial 3D Printing Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA AI in Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA AI in Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Digital Twin Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Digital Twin Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Machine Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Machine Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Automated Guided Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Automated Guided Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Industry 4.0 Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Industry 4.0 Market by Country, 2022 - 2028, USD Million
TABLE 31 Brazil Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 32 Brazil Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 33 Brazil Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 34 Brazil Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 35 Argentina Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 36 Argentina Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 37 Argentina Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 38 Argentina Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 39 UAE Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 40 UAE Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 41 UAE Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 42 UAE Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 47 South Africa Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 48 South Africa Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 49 South Africa Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 50 South Africa Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 51 Nigeria Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 52 Nigeria Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 53 Nigeria Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 54 Nigeria Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 59 Key Information – ABB Group
TABLE 60 Key Information – Advantech Co., Ltd.
TABLE 61 Key information – Cognex Corporation
TABLE 62 Key Information – Basler AG
TABLE 63 Key information – IBM Corporation
TABLE 64 Key Information – Cisco Systems, Inc.
TABLE 65 Key Information – Honeywell International, Inc.
TABLE 66 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 67 Key Information – Daifuku Co., Limited
TABLE 68 Key Information – Emerson Electric Co.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Jun) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Cognex Corporation
FIG 8 Recent strategies and developments: IBM Corporation
FIG 9 Swot analysis: IBM Corporation
FIG 10 SWOT Analysis: Cisco Systems, Inc.
FIG 11 Recent strategies and developments: Honeywell International, Inc.
FIG 12 Swot analysis: Honeywell international, inc.
FIG 13 Swot analysis: General electric (GE) Co.
FIG 14 Recent strategies and developments: Emerson Electric Co.