Latin America Automotive Robotics Market Size & Outlook
The automotive robotics market in Latin America is expected to reach a projected revenue of US$ 1,597.8 million by 2030. A compound annual growth rate of 20.2% is expected of Latin America automotive robotics market from 2024 to 2030.
Revenue, 2023 (US$M)
$442.0
Forecast, 2030 (US$M)
$1,597.8
CAGR, 2024 - 2030
20.2%
Report Coverage
Latin America
Latin America automotive robotics market highlights
- The Latin America automotive robotics market generated a revenue of USD 442.0 million in 2023.
- The market is expected to grow at a CAGR of 20.2% from 2024 to 2030.
- In terms of segment, articulated was the largest revenue generating product in 2023.
- Articulated is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 442.0 million |
| Market revenue in 2030 | USD 1,597.8 million |
| Growth rate | 20.2% (CAGR from 2023 to 2030) |
| Largest segment | Articulated |
| Fastest growing segment | Articulated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Articulated |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global automotive robotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,597.8 million by 2030.
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Automotive Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NEURA Robotics | View profile | 251-500 | Metzingen, Baden-Wurttemberg, Germany, Europe | https://neura-robotics.com/ |
| Acieta | View profile | 101-250 | Council Bluffs, Iowa, United States, North America | http://www.acieta.com/why-robotic-automation/robotic-solutions-industry/automotive-applications/ |
| Epson | View profile | 10001+ | Long Beach, California, United States, North America | https://epson.com.ec/ |
| Universal Robots A/S | View profile | - | - | - |
| Comau | View profile | 1001-5000 | Grugliasco, Piemonte, Italy, Europe | http://comau.com/ |
| Kuka Group | View profile | - | Hangzhou, Zhejiang, China, Asia | - |
| Nachi Fujikoshi | View profile | 5001-10000 | Toyama-shi, Toyama, Japan, Asia | http://www.nachi-fujikoshi.co.jp/ |
| YASKAWA Electric Corp | View profile | 15022 | 2-1, Kurosaki-shiroishi, Yahatanishi-ku, Kitakyushu, Japan, 806-0004 | http://www.yaskawa.co.jp |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Fanuc Corp | View profile | 11532 | 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 | http://www.fanuc.co.jp |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
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