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Brazil Industry 4.0 Market Overview
Brazil Industry 4.0 Market size is forecasted
to reach $6230.29 million by 2027, growing at a CAGR of 10.91% during the
forecast period from 2022-2027. Industry 4. has become vital for all
organizations owing to paradigm shift towards real time or near real-time
process monitoring in the industrial sector. The growing emphasis towards high-speed
machine-to-machine (M2M) communication on the factory floor coupled with the
increasing investment in plant digitalization is set to drive the Brazil Industry 4.0 Market growth during the forecast period. In addition to this,
adoption of various advanced technologies including augmented reality, cloud
computing, enterprise resource planning, internet of things, robotics and
others; across industry verticals such as oil and gas, transportation, energy,
mining, utilities and so on, is set to drive system integration service market
growth. Increasing penetration of industry 4.0 across the globe combining
artificial intelligence, big data and analytics, 4G, 5G with operational
technology as a part of addressing worker safety, optimizing field operations,
and boosting maintenance productivity along with process efficiency in
industrial environments is considered vital in driving the growth of Brazil
industry 4.0 industry.
Report Coverage
The
report: “Brazil Industry 4.0 Market
Report– Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis
of the following segments in the Brazil Industry 4.0 Market.
Key Takeaways
- Big Data & Analytics held a significant market share in 2021 and is estimated to be the fastest segment during 2022-2027, owing to the shift of Brazil towards Industry 4.0, with industries such as oil, gas, minerals, and agriculture through the adoption of big data & analytics.
- The market of Brazil Industry 4.0 is estimated to witness a significant upsurge during the forecast period, owing to the increasing adoption of advanced technologies such as predictive maintenance, data analytics, digital twins, artificial intelligence and others in the Oil & Gas sector.
- This industry is consolidated with top market players including Iastech Automação De Sistemas Ltda, Simatec Tecnologia em Automacao Ltda, Techplus Automacao, Automind Automação, Greylogix Brasil among others.
Brazil Industry 4.0 Market Value Share, by Offerings, 2021 (%)
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Brazil Industry 4.0 Market Segment Analysis - by Offerings
Brazil's Industry 4.0 market is segmented into Hardware,
Software and Services, based on offerings. According
to the Brazil Industry 4.0 Market report of IndustyrARC, the Hardware
segment held the major market share in 2021 of $1659.71 million and is
estimated to reach $2978.08 million in 2027, with a CAGR of around 10.19%
during the forecast period 2022-2027. The growth of this segment is mainly
driven by the increasing adoption of industry 4.0 across industries and a growing
inclination toward digitalization along with increasing investment. Furthermore, Industry
standards that achieve higher levels of security to enable connected solutions
in the factory are driving the need for hardware security. This is expected to
boost market growth. The increasing popularity
and high penetration rate among the end-user industries play a major role in
offering incentives to the market players to take various strategic steps. For instance, in February 2021, ABB introduced the SWIFTI cobot,
which combines a payload of 4 kg and a reach of up to 580 mm with the
advantages of safe collaborative operation and convenience of use. This will
offer up new opportunities for increased efficiency in a variety of sectors
ranging from manufacturing to logistics and beyond, allowing more organizations
to embrace automation. Such developments fuel the growth rate Brazil Industry 4.0 Market in the
forecast period 2022-2027.
Brazil Industry 4.0 Market Segment Analysis - by Technology
By Technology, the Brazil Industry 4.0 Market is segmented into Artificial Intelligence, Machine-to-Machine, Big Data and Analytics, Augmented Reality & Virtual Reality, Autonomous Robots, SCADA, Simulation, Horizontal and vertical System Integration, Cloud Computing, Cyber Security, Internet of Things (IoT), Digital Twin, Advanced human-machine interfaces (HMI), Additive Manufacturing (3D Printing) and Others. Big Data and Analytics segment held the major market share in 2021 of $474.28 million and is estimated to reach $834.86 million in 2027, with a CAGR of around 9.84% during the forecast period. Brazil is gradually moving toward Industry 4.0, with industries such as oil, gas, minerals, and agriculture expected to be early adopters of Big Data services. According to Software.org, 21 to 24 percent of Brazilian small and medium-sized businesses believe digitization will aid in the development of more personalized products and services. Such high penetration of advanced technologies and inclination towards digitalization will give incentives to the market players to take various steps to expand their business. Hence, the above-mentioned factors will drive the growth of this market during 2022-2027.
Brazil Industry 4.0 Market Segment Analysis – by End-user
Based on end-user, the market is segmented into General Manufacturing, Transportations & Logistics, Medical & Pharmaceutical, Metal & Mining, Oil & Gas, Automotive & Tire, Aerospace & Defence, Food & Beverage, Electronics & Semiconductors, Power, Construction, Agriculture, Water & Wastewater Treatment, Paper & Pulp, Chemical and Others. The metal and Mining segment held the major Brazil Industry 4.0 Market share in 2021 of $434.20 million and is estimated to reach $831.47 million in 2027, with a CAGR of around 11.40% during the forecast period. The value of digital technology in the mining industry is growing as companies look for ways to reduce geological uncertainty, market volatility, and operational hazards. Big data analytics and the internet of things (IoT) offer a unique opportunity to rethink existing processes and create new value. The metal and mining industry is now involved in connecting previously unconnected operational technology (OT), devices and systems, and information technology (IT) for data exchange and operational efficiency via IT/OT convergence, integrated sales and operational planning, agile supply chain, digital EHS monitoring, and performance parameters. According to the Ibram association, the mining industry in Brazil will invest $40.4 billion by 2026. This will help to improve the mining business in Brazil and, eventually, the Industry 4.0 market in Brazil. Such factors will drive the growth of this market.
Brazil Industry 4.0 Market Drivers
Increasing proliferation of technologies like predictive maintenance, data analytics, digital twins, artificial intelligence and others in Oil & Gas sector fuels the growth:
Over the last few years, the oil & gas sector is
undergoing a transition as leading players in this industry are adopting
advanced technology to reshape their operating landscape and reap the benefits
of improved productivity, higher efficiency, and increased cost savings. In
order to decarbonize and optimize operations, the Brazilian O&G industry
has started to take advantage of advanced technologies including cloud
services, digital twins Internet of things (IoT) and Artificial Intelligence
(AI), among other digital services. Apart from that, the adoption of video
surveillance complemented by advanced analytics and machine learning to
improve operational efficiency as well as health and safety in the O&G sector
can be considered vital in driving the Brazil Industry 4.0 Market growth
forward. For instance, in November 2021, Brazil’s Petrobras, the leading oil, natural gas and derivatives
exploration, production and distribution company, announced the plan of
investing $68 Bn from 2022-2026 to boost oil production in the subsea pre-salt
area by leveraging the advanced technologies to fulfill the demand of the
customers. Such steps create a positive impact on the growth of this market.
The burgeoning demand for establishing a digital infrastructure in the mining sector is accelerating the growth of this market:
The Brazilian mining industry is opting
for technological innovation to remain competitive while driving safety and
transparency standards. Mining is of major importance to the Brazilian economy,
having more than 3,000 mines spread across the national territory. The Brazilian
mining industry is facing significant challenges due to plummeting commodity
prices, lessening global demand and increasing safety and security
risks. To reduce the effect of such challenges, miners need to improve
safety, scale operations, improve operational processes, and enhance
production, thereby driving the need for new business models and operating
models. Leading mining companies in Brazil are harnessing the high computing
power of digital technologies, including cloud-enabled mobility, big
data-powered analytics and the industrial Internet of Things (IoT). This in
turn drives the growth of this market. Furthermore, the increasing usage of
robotics and penetration of automation with assisted and remote-control
equipment and autonomous drilling and related process in the mining industry, to deliver
safer and more effective mining performance, is fueling the growth of this
market. In June 2021, Japan’s ITOCHU Corporation announced signing an MoU
with the Brazilian CSN Group with the aim of promoting decarbonization and
digital transformation (DX) for Casa de Pedra iron ore mines in Brazil. Such
events trigger the growth of this market.
Brazil
Industry 4.0 Market Challenge
The lack of investments in digital infrastructure in Brazil is creating hurdles for the market growth
Even though
the Brazil Industry 4.0 Market is growing rapidly, but the lack of investment
for developing digital infrastructure in Brazil creates challenges for the
growth of this market. The implementation of Industry 4.0 in Brazil is still a
challenge owing to the lack of investment in IT infrastructure in the country.
IT readiness and appropriate telecommunications infrastructure are necessary
for Industry 4.0 to thrive across Brazil. The research conducted by CNI shows
that the alarming point is that only 33% of companies in Brazil claim that no
new investment is needed. Another survey report of CNI states that innovation
benefits the production chain and the country, demonstrating impacting results
for the companies involved and for the country's economy, but the reality in
Brazil is approximately half of the companies are still considered industry 2.0.
To shift it from industry 2.0 to industry 4.0, a huge amount of investment is
required. Hence, the lack of investment creates challenges for this market.
Brazil Industry 4.0 Industry Outlook
Technology launches, acquisitions,
Partnerships and R&D activities are key strategies adopted by players in the Brazil Industry 4.0 Market. In 2021, the market of
Brazil Industry 4.0 industry outlook has been fragmented by several companies. The top 10 companies in the Brazil Industry 4.0 include
- Iastech Automacao De Sistemas Ltda
- Simatec Tecnologia em Automacao Ltda
- Techplus Automacao
- Automind Automacao
- Greylogix Brasil
- Icone Tecnologia e Automacao
- Automaton Automacao
- Company 8
- Company 9
- Company 10
Recent Developments
- In June 2021, Schneider Electric, a global leader in digital transformation and energy management and automation, inaugurated a new industrial automation laboratory in Brooklyn, south of São Paulo which was made in partnership with Westcon Instrumentation Industrial to simulate the industrial internet of things (IIoT) and industry 4.0 applications with augmented reality demonstrations.
- In May 2020, Siemens announced its partnership with GreyLogix to produce respirators in-house for use in healthcare facilities in Brazil to help fight the coronavirus. The equipment featured Siemens solutions, with emphasis on the controllers and HMIs of the SIMATIC line and the power supplies of the SITOP line, and at the same time, GreyLogix ensured that the equipment produced followed the necessary medical requirements.
- In March 2020, Schneider Electric announced to invest in the Titled High-Performance Machine journey based on Industry 4.0, by providing a series of training and workshops to support machine manufacturers and end users who want to improve performance and productivity and reduce costs in production processes in Brazil.
Relevant Report Titles:
Report
Code: ITR 0181
Report
Code: ITR 0373
Report
Code: ITR 0123
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