The Latin America, Middle East and Africa Industrial Automation And Control Systems Market would witness market growth of 13.5% CAGR during the forecast period (2022-2028).
IACS provides security that makes it possible for industrial processes to run automatically and be controlled securely, preventing loss of confidentiality, integrity, or scalability of these systems. Effective security policies that guarantee availability also guarantee a secure environment free of malicious or unintentional security breaches.
In addition, since these systems can alert the facility of any impending breach, they extensively help in handling them before the origin of any crisis. This helps to stop significant economic loss and collateral damage from spreading across conduits and networks as a result of hostility, misconduct, or accident.
IACS also helps in completing jobs that are impossible to be done manually. Some tasks require the aid of a machine in order to be completed as these operations demand conditions that are impossible to fulfill manually, such as precision, miniaturization, or geometry complexity. For example, the production of integrated circuits, computer numerical control (CNC) machining of intricate, mathematically defined surfaces, and rapid prototyping using computer-aided design (CAD) models.
Automation and robotics have improved production processes in various sectors, including the electrical, automotive, and metal industries, in the United Arab Emirates. Additionally, many leading industrial companies employ industrial robots to fulfill trade requirements. The widespread use of industrial robots in the nation is also being impacted by the significant presence of well-known businesses.
The Brazil market dominated the LAMEA Industrial Automation and Control Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,634.7 million by 2028. The Argentina market is experiencing a CAGR of 14.2% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 13.2% during (2022 - 2028).
Based on Type, the market is segmented into Distributed Control Systems (DCS), Programmable Logic Controller (PLC), SCADA, and Others. Based on Component, the market is segmented into Sensors, Control Valves, Human Machine Interface (HMI), Industrial Robots, and Others. Based on Vertical, the market is segmented into Manufacturing, Oil & Gas, Healthcare, Chemical, Mining & Metal, Automotive, Food & Beverage, Energy & Utilities, Aerospace & Defense, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Industrial Automation And Control Systems Market is Predict to reach $301.8 Billion by 2028, at a CAGR of 10%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
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