Mexico Industry 4.0 Market Size & Outlook, 2023-2030
Mexico industry 4.0 market, 2018-2030 (US$M)
Related Markets
Mexico industry 4.0 market highlights
- The Mexico industry 4.0 market generated a revenue of USD 1,652.7 million in 2023 and is expected to reach USD 6,631.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 22% 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.
Industry 4.0 market data book summary
| Market revenue in 2023 | USD 1,652.7 million |
| Market revenue in 2030 | USD 6,631.3 million |
| Growth rate | 22% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | ABB Ltd, Cisco Systems Inc, Cognex Corp, Denso Corp, Emerson Electric Co, Fanuc Corp, GE Aerospace, Honeywell International Inc, Intel Corp, Johnson Controls International PLC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Kuka Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.9% of the global industry 4.0 market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil industry 4.0 market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 6,631.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industry 4.0 Market Scope
Industry 4.0 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico industry 4.0 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 industry 4.0 market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 49.71% in 2023. Horizon Databook has segmented the Mexico industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is experiencing significant growth in its Industry 4.0 market. Mexico's manufacturing industry has traditionally been based on low-cost labor, but Industry 4.0 is changing that. The country is now moving towards a more advanced manufacturing model, with the adoption of cutting-edge technologies.
The Mexican government has recognized the importance of Industry 4.0 and has created policies to support its growth. The government has invested heavily in infrastructure, education, and research to promote the adoption of these advanced technologies. The growth of Industry 4.0 in Mexico is being driven by several factors.
One of the main drivers is the country's strategic location, which makes it an ideal hub for manufacturing and trade. Mexico is located close to the United States, which is the world's largest consumer market. This proximity makes it easier for Mexican manufacturers to export their products to the US, which is a major advantage.
Reasons to subscribe to Mexico industry 4.0 market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico industry 4.0 market databook
-
Our clientele includes a mix of industry 4.0 market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico industry 4.0 market size, by component, 2018-2030 (US$M)
Mexico Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
