Robotics - Brazil

  • Brazil
  • in Brazil, a country known for its diverse economy, is no stranger to the Robotics market.
  • In 2024, the projected revenue in this market segment is expected to reach €355.50m.
  • Within the market, Service robotics stands out as the dominant player, with a projected market volume of €208.80m in the same year.
  • Looking ahead, the Robotics market in Brazil is expected to experience steady growth, with an annual growth rate (CAGR 2024-2028) of 2.90%.
  • This growth trajectory is anticipated to result in a market volume of €398.60m by 2028.
  • When comparing in Brazil to other countries on a global scale, it is noteworthy that in the United States is projected to generate the highest revenue in the Robotics market.
  • In 2024, in the United States is expected to reach a revenue of €7,275.00m, solidifying its position as a major player in the industry.
  • Brazil is experiencing a surge in demand for robotic automation solutions, as companies seek to improve efficiency and reduce labor costs in their manufacturing processes.

Key regions: United States, China, South Korea, Japan, Germany

 
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Analyst Opinion

The Robotics market is shaped by various trends, e.g., the Industrial Internet of Things, mobile autonomous robots, collaborative robots, and/or open-source software. In addition, trending topics such as 5G, edge computing, and smart mobility influence the market.

Especially artificial intelligence (AI) is boosting further innovation in the field of automation. AI in robotics is becoming more sophisticated, and the use of self-learning robots are becoming more popular. In addition to that, the possibility to collect and analyze data from intelligently automated processes allows manufacturers and service providers to make data-driven decisions.

Furthermore, the COVID-19 pandemic has left some sectors struggling to fill job vacancies. Robot solutions can also partially compensate for these deficits or assist the remaining employees, for example, in retail or hospitality, that have been faced with challenges due to staff shortages.

The trend of simplification is another driver of the Robotics market. With decreasing implementation efforts, robotics is also gaining importance in industries that have not used robots in the past. Robot manufacturers try to make their products easier to use by providing holistic offerings, i.e., bundling hardware packages with software solutions, which facilitates easier implementation of autonomous setups.

With all these trends driving the Robotics market, it is expected to continue growing in the future, resulting in positive revenue growth rates in the forecast period.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Vue d’ensemble

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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