Latin America Smart Motors Market Size & Outlook

The smart motors market in Latin America is expected to reach a projected revenue of US$ 388.7 million by 2030. A compound annual growth rate of 5.7% is expected of Latin America smart motors market from 2024 to 2030.
Revenue, 2023 (US$M)
$263.1
Forecast, 2030 (US$M)
$388.7
CAGR, 2024 - 2030
5.7%
Report Coverage
Latin America

Latin America smart motors market highlights

  • The Latin America smart motors market generated a revenue of USD 263.1 million in 2023.
  • The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
  • In terms of segment, industrial was the largest revenue generating end use in 2023.
  • Industrial is the most lucrative end use 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 2023USD 263.1 million
Market revenue in 2030USD 388.7 million
Growth rate5.7% (CAGR from 2023 to 2030)
Largest segmentIndustrial
Fastest growing segmentIndustrial
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndustrial, Automotive, Consumer Electrionics, Airospace & Defense, Other
Key market players worldwideRockwell Automation Inc, Moog Inc A, Fuji Electric Co Ltd, ABB Ltd, Siemens AG, Schneider Electric SE, GE Aerospace, Roboteq, AMETEK Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 11.4% of the global smart motors 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 727.7 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

Smart Motors Market Scope

Smart motors market segmentation & scope
Industrial
Automotive
Consumer Electrionics
Airospace & Defense
Other
18V
24V
36V
48V and above

Smart Motors Market Companies

Name Profile # Employees HQ Website

Latin America smart motors 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 smart motors market will help companies and investors design strategic landscapes.


Industrial was the largest segment with a revenue share of 36.41% in 2023. Horizon Databook has segmented the Latin America smart motors market based on industrial, automotive, consumer electrionics, airospace & defense, other covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to Latin America smart motors 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 Latin America smart motors market databook

  • Our clientele includes a mix of smart motors 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 continent-level data and insights on the Latin America smart motors market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart motors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Latin America smart motors market size, by country, 2018-2030 (US$M)

Latin America Smart Motors Market Outlook Share, 2023 & 2030 (US$M)

Latin America smart motors market size, by country, 2018-2030 (US$M)

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.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more