Latin America Manufacturing Automation Market Size & Outlook
The manufacturing automation market in Latin America is expected to reach a projected revenue of US$ 1,389.8 million by 2030. A compound annual growth rate of 9.3% is expected of Latin America manufacturing automation market from 2025 to 2030.
Revenue, 2024 (US$M)
$816.9
Forecast, 2030 (US$M)
$1,389.8
CAGR, 2025 - 2030
9.3%
Report Coverage
Latin America
Latin America manufacturing automation market highlights
- The Latin America manufacturing automation market generated a revenue of USD 816.9 million in 2024.
- The market is expected to grow at a CAGR of 9.3% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 816.9 million |
| Market revenue in 2030 | USD 1,389.8 million |
| Growth rate | 9.3% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | ABB Ltd, Fanuc Corp, Honeywell International Inc, Mitsubishi Electric Corp, YASKAWA Electric Corp, OMRON Corp, Rockwell Automation Inc, Schneider Electric SE, Teradyne Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global manufacturing automation market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,003.3 million by 2030.
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Manufacturing Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| YASKAWA Electric Corp | View profile | 15022 | 2-1, Kurosaki-shiroishi, Yahatanishi-ku, Kitakyushu, Japan, 806-0004 | http://www.yaskawa.co.jp |
| Teradyne Inc | View profile | 6500 | 600 Riverpark Drive, North Reading, MA, United States, 01864 | https://www.teradyne.com |
| Fanuc Corp | View profile | 11532 | 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 | http://www.fanuc.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
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