Latin America Autonomous Mobile Robots Market Size & Outlook
Latin America autonomous mobile robots market, 2017-2030 (US$M)
Related Markets
Latin America autonomous mobile robots market highlights
- The Latin America autonomous mobile robots market generated a revenue of USD 512.5 million in 2023.
- The market is expected to grow at a CAGR of 16% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 512.5 million |
| Market revenue in 2030 | USD 1,444.8 million |
| Growth rate | 16% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | ABB Ltd, Rockwell Automation Inc, Teradyne Inc, Hyundai Motor Co, Bleum, GreyOrange, Harvest Automation, Onward Robotics, inVia Robotics, KUKA Robotics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.7% of the global autonomous mobile robots market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,117.8 million by 2030.
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Autonomous Mobile Robots Market Scope
Autonomous Mobile Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America autonomous mobile robots market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to autonomous mobile robots market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.34% in 2023. Horizon Databook has segmented the Latin America autonomous mobile robots market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
AMR adoption is significantly rising in South America due to overall economic growth. As countries in the region continue to develop, there is a greater need for efficient logistics and supply chain management, which can be achieved through automated systems.
For example, Brazil, one of the largest economies in South America, has seen significant growth in its logistics industry in recent years. As a result, the increased adoption of mobile robots has accompanied this growth. Technological advancements also drive the adoption of AMR in South America.
New technologies such as robotics, artificial intelligence, and machine learning are making automated systems more efficient, reliable, and cost-effective. As a result, many regional companies are investing in these technologies to improve their logistics and supply chain operations.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America autonomous mobile robots market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America autonomous mobile robots market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America autonomous mobile robots market size, by country, 2017-2030 (US$M)
Latin America Autonomous Mobile Robots Market Outlook Share, 2023 & 2030 (US$M)
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