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Brazil Industrial Control System (ICS) Market Expanding To Reach USD 1.9 Billion by 2025

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
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Huge Investment in R&D of Collaborative Robots


Collaborative robots are specially designed robots to perform complex tasks. Growing demand of industrial automation is the major factor behind the strong growth of collaborative robots market all across the globe. Huge amount of capital investment has been witnessed in collaborative robotics market. For instance in 2015, YuMi a collaborative robot with flexible hands and camera based robot controller is introduced by ABB Ltd. YuMi is used to improve manufacturing productivity in machinery and electronics industry. For high productivity and efficiency, tech-giants from all end use industries are investing for the expansion of collaborative robots.

Automotive industry captures the major share of global collaborative robotics market. In 2013, more than 65,000 units of industrial robots were supplied in automotive industry; developing countries such as India, China, and Mexico are the major opportunistic region for market entry players. In 2016, 22,000 collaborative industrial robots were sold; the figures are anticipated to reach 400 million by the end of 2024. Global collaborative robots market size is anticipated to reach USD 15.2 billion by 2024 from USD 0.79 billion in 2016, growing at a compound annual growth rate of 44.72% over the forecast period i.e. 2016 - 2024. 

45% of the total market share is captured by automotive industry; electronics industry occupies 20% of the market share. Geographically, Europe region dominates the global market in terms of revenue share followed by North America and Asia Pacific. Early adoption of robotic products and services and increasing regulations related with human safety in industries is the major factor behind the strong growth of Europe collaborative robots market. High precision in performance and flexibility to be programmed for any task is increasing the adoption rate of collaborative robots by different industries. Rising investment in industrial automation and higher return is driving the demand for collaborative robots globally.

Browse full collaborative robots market report@ https://www.goldsteinresearch.com/report/global-collaborative-robots-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024


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