According to Goldstein Research, Brazil ICS market is expected to reach USD 1.9 billion by 2025, growing at a CAGR of 8.93% over the forecast period 2017-2025. The factors such as automated industrial environment and use of advanced technologies such as robotics are increasing the demand for efficient and secure industrial solutions and thus driving the growth of industrial control system market in Brazil. Brazil ICS market segmentation has been carried out on the basis of the control system, applications, end users, and geography. The multiple processes in the manufacturing industry which require effective monitoring and automation of the processes. Thus the Manufacturing industry segment of the end users accounts for a market share of 25.68% in 2017. Brazil ICS market has immense growth opportunities owing to the fact that Brazil is a developing country and thus it facilitates developmental activities in the power and energy and transportation industry. Moreover, the growing
Market Overview
Involvement
of government in the development of transportation facilities is increasing the
investment on smart technology based projects. Smart transportation is ensuring
safety of people as prior availability of traffic and speed related information
is reducing the delay and number of accidents. Moreover, Real time data
accessibility about current traffic condition and parking space is expected to
bring better business opportunities for smart transportation. Smart
infrastructures are providing a platform to implement smart transportation, the
US department of transportation has invested around USD 160 Billion for smart
cities solution in 2016. These projects are intending to provide better parking
and traffic management with the aim of pedestrian and driver’s safety. The
current market trends have forced industry players to participate in
accelerating the deployment of innovative and advance transportation systems. Cubic
Corporation merged with a German transportation company EssenerVerkehrs-AG to
go for pilot trial of NextAgent Solution in March 2016.
Market Segmentation
The
segmentation of global
smart transportation market can be done on the following basis:
·
Based
on Components
o
Hardware
§ Sensors
§ RFID
Tags
§ GPS
Trackers
§ Portable
Computers
§ Others
(Industrial monitor devices, box computers)
o
Software
§ Data
Management Software
§ Network
Management Software
§ Security
Software
§ Remote
Monitoring Software
§ Real
Time Streaming Analysis Software
o
Platforms
§ Connectivity/M2M
Platforms
§ Infrastructure-as-a-Service
(Iaas) Backend Platforms
§ Hardware
specific software Platforms
§ Consumer/Enterprise
Software Extension Platforms
·
Based
on Application
o
Vehicle Management
o
Mobility Management
o
Traffic Management
o
Parking Management
o
Safety Assistance
o
Others( Driver assistance, Infotainment, Well
being)
·
Based
on Geography
o
North America (U.S. & Canada)
o
Latin
America (Brazil, Mexico & Rest of Latin America)
o
Europe (The U.K., Germany, France, Italy, Spain,
Poland, Sweden & RoE)
o
Asia-Pacific (China, India, Japan, Singapore,
South Korea, Australia, New Zealand, Rest of Asia)
o
Middle East & Africa (GCC, South Africa,
North Africa, RoMEA)
o
Rest of World
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