Brazil Industry 4.0 Market - Forecast(2024 - 2030)
Divya Paidimalla
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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.
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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.
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By Offerings: Hardware, Software and Services (System Integration Services, Testing & Certification, Maintenance and Operational Services, Consulting and Others).
By Technology: 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.
By End-User: General Manufacturing, Transportations & Logistics, Medical & Pharmaceutical, Metal & Mining, Oil & Gas (Upstream, Midstream and Downstream), Automotive & Tire, Aerospace & Defence, Food & Beverage, Electronics & Semiconductors, Power (Power Generation, Power Distribution and Power Transmission), Construction, Agriculture (Seeding and Weeding, Monitoring, Fertilizer Application, Harvesting, Pruning, and Others), Water & Wastewater Treatment, Paper & Pulp, Chemical and Others.
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Key Takeaways
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Brazil Industry 4.0 Market Value Share, by Offerings, 2021 (%)
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Brazil Industry 4.0 Marketnbsp;Segment Analysisnbsp;-nbsp;bynbsp;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.
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Brazil Industry 4.0 Marketnbsp;Segment Analysisnbsp;-nbsp;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 Marketnbsp;Segment Analysisnbsp;–nbsp;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 Marketnbsp;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 Marketnbsp;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 Industrynbsp;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
Recent Developments