Latin America Material Informatics Market Size & Outlook
The material informatics market in Latin America is expected to reach a projected revenue of US$ 15.0 million by 2030. A compound annual growth rate of 6.9% is expected of Latin America material informatics market from 2024 to 2030.
Revenue, 2023 (US$M)
$9.4
Forecast, 2030 (US$M)
$15.0
CAGR, 2024 - 2030
6.9%
Report Coverage
Latin America
Latin America material informatics market, 2018-2030 (US$M)
Latin America material informatics market highlights
- The Latin America material informatics market generated a revenue of USD 9.4 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, elements was the largest revenue generating material type in 2023.
- Elements is the most lucrative material type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 9.4 million |
| Market revenue in 2030 | USD 15.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Elements |
| Fastest growing segment | Elements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Elements |
| Key market players worldwide | ABB Ltd, Citrine Informatics, Dassault Systemes SE, Elsevier, Hitachi Ltd, International Business Machines Corp, Microsoft Corp, Phaseshift Technologies, Schrodinger Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global material informatics market in 2023.
- Globally, North America 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 98.7 million by 2030.
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Material Informatics Market Scope
Material informatics market segmentation & scope
Technology
Machine Learning
Deep Tensor
Statistical Analysis
Digital Annealer
Others(Genetic Algorithm, Cloud Computing)
End Use
Material Science
Chemical and Pharmaceutical
Electronics and Semiconductors
Automotive
Aerospace and Defense
Others (Food Science, Manufacturing)
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
UAE
Saudi Arabia
South Africa
Material Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America material informatics market
Related regional statistics
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