The Latin America, Middle East and Africa Machine Risk Assessment Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
Engineers in control and electrical automation are the first to use all the data and gain a deeper understanding of machine behavior and performance to create the next generation of quicker, more efficient machines. While competition has always existed and new business models, today's entrepreneurs are more adaptable and agile. Several firms have been compelled to replace their personnel with machine learning when experienced employees retire.
As technology advances, so does how technology is used at work. Machines are gradually replacing human labor in increasing industries, improving workplace productivity. Automation, robots, and other artificial intelligence technologies are pervasive in many industries and lead to speedier and more efficient work. For example, because of machine automation, even the most difficult tasks that need careful attention to detail may be finished more rapidly and with fewer mistakes.
The Gulf Council Corporation also holds a significant position in the Middle East and Africa due to the expansion of massive infrastructure projects throughout the GCC nations. Similarly, due to moderate infrastructure spending, Latin America's construction and manufacturing industries have been experiencing steady development in recent years. Furthermore, the demand for additional consumer goods will also be accelerated by the expanding disposable income of individuals all over the region. As a result of these factors, it is projected that the expansion of the regional machine risk assessment market will pick up over the forecast period.
The Brazil market dominated the LAMEA Machine Risk Assessment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $137.4 million by 2028. The Argentina market is experiencing a CAGR of 8.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.5% during (2022 - 2028).
Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Type, the market is segmented into Equipment-Based and Task-Based. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Food & Beverages, Medical, Automotive 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 Worldwide Machine Risk Assessment Market is Projected to reach USD 7.8 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Keyence Corporation, Omron Corporation, Sick AG, Rockwell Automation, Inc., Stantec, Inc., TÜV Nord Group, Rockford Systems, LLC, UL LLC, Advanced Technology Services, Inc./ATS (WestView Capital Partners) and Pilz GmbH & Co. KG.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
By Type
- Equipment-Based
- Task-Based
By Vertical
- Industrial
- Consumer Electronics
- Food & Beverages
- Medical
- Automotive
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Keyence Corporation
- Omron Corporation
- Sick AG
- Rockwell Automation, Inc.
- Stantec, Inc.
- TÜV Nord Group
- Rockford Systems, LLC
- UL LLC
- Advanced Technology Services, Inc./ATS (WestView Capital Partners)
- Pilz GmbH & Co. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Machine Risk Assessment Market, by Enterprise Size
1.4.2 LAMEA Machine Risk Assessment Market, by Type
1.4.3 LAMEA Machine Risk Assessment Market, by Vertical
1.4.4 LAMEA Machine Risk Assessment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. LAMEA Machine Risk Assessment Market by Enterprise Size
4.1 LAMEA Large Enterprises Market by Country
4.2 LAMEA SMEs Market by Country
Chapter 5. LAMEA Machine Risk Assessment Market by Type
5.1 LAMEA Equipment-Based Market by Country
5.2 LAMEA Task-Based Market by Country
Chapter 6. LAMEA Machine Risk Assessment Market by Vertical
6.1 LAMEA Industrial Market by Country
6.2 LAMEA Consumer Electronics Market by Country
6.3 LAMEA Food & Beverages Market by Country
6.4 LAMEA Medical Market by Country
6.5 LAMEA Automotive Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Machine Risk Assessment Market by Country
7.1 Brazil Machine Risk Assessment Market
7.1.1 Brazil Machine Risk Assessment Market by Enterprise Size
7.1.2 Brazil Machine Risk Assessment Market by Type
7.1.3 Brazil Machine Risk Assessment Market by Vertical
7.2 Argentina Machine Risk Assessment Market
7.2.1 Argentina Machine Risk Assessment Market by Enterprise Size
7.2.2 Argentina Machine Risk Assessment Market by Type
7.2.3 Argentina Machine Risk Assessment Market by Vertical
7.3 UAE Machine Risk Assessment Market
7.3.1 UAE Machine Risk Assessment Market by Enterprise Size
7.3.2 UAE Machine Risk Assessment Market by Type
7.3.3 UAE Machine Risk Assessment Market by Vertical
7.4 Saudi Arabia Machine Risk Assessment Market
7.4.1 Saudi Arabia Machine Risk Assessment Market by Enterprise Size
7.4.2 Saudi Arabia Machine Risk Assessment Market by Type
7.4.3 Saudi Arabia Machine Risk Assessment Market by Vertical
7.5 South Africa Machine Risk Assessment Market
7.5.1 South Africa Machine Risk Assessment Market by Enterprise Size
7.5.2 South Africa Machine Risk Assessment Market by Type
7.5.3 South Africa Machine Risk Assessment Market by Vertical
7.6 Nigeria Machine Risk Assessment Market
7.6.1 Nigeria Machine Risk Assessment Market by Enterprise Size
7.6.2 Nigeria Machine Risk Assessment Market by Type
7.6.3 Nigeria Machine Risk Assessment Market by Vertical
7.7 Rest of LAMEA Machine Risk Assessment Market
7.7.1 Rest of LAMEA Machine Risk Assessment Market by Enterprise Size
7.7.2 Rest of LAMEA Machine Risk Assessment Market by Type
7.7.3 Rest of LAMEA Machine Risk Assessment Market by Vertical
Chapter 8. Company Profiles
8.1 Keyence Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Omron Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Sick AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Rockwell Automation, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Product Launches and Product Expansions:
8.5 Stantec, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.6 TÜV Nord Group
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.7 Rockford Systems, LLC
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Product Launches and Product Expansions:
8.8 UL LLC
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.8.2.2 Acquisition and Mergers:
8.9 Advanced Technology Services, Inc./ATS (WestView Capital Partners)
8.9.1 Company Overview
8.10. Pilz GmbH & Co. KG
8.10.1 Company Overview
TABLE 1 LAMEA Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Machine Risk Assessment Market
TABLE 4 Product Launches And Product Expansions– Machine Risk Assessment Market
TABLE 5 Acquisition and Mergers– Machine Risk Assessment Market
TABLE 6 LAMEA Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 7 LAMEA Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 8 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 13 LAMEA Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 14 LAMEA Equipment-Based Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Equipment-Based Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Task-Based Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Task-Based Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 19 LAMEA Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 20 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Medical Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Medical Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Automotive Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Automotive Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Machine Risk Assessment Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Machine Risk Assessment Market by Country, 2022 - 2028, USD Million
TABLE 34 Brazil Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 35 Brazil Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 36 Brazil Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 37 Brazil Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 38 Brazil Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 39 Brazil Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 40 Brazil Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 41 Brazil Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 42 Argentina Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 43 Argentina Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 44 Argentina Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 45 Argentina Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 46 Argentina Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 47 Argentina Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 48 Argentina Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 49 Argentina Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 50 UAE Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 51 UAE Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 52 UAE Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 53 UAE Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 54 UAE Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 55 UAE Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 56 UAE Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 57 UAE Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 58 Saudi Arabia Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 59 Saudi Arabia Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 60 Saudi Arabia Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 61 Saudi Arabia Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 62 Saudi Arabia Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 63 Saudi Arabia Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 64 Saudi Arabia Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 65 Saudi Arabia Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 66 South Africa Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 67 South Africa Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 68 South Africa Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 69 South Africa Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 70 South Africa Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 71 South Africa Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 72 South Africa Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 73 South Africa Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 74 Nigeria Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 75 Nigeria Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 76 Nigeria Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 77 Nigeria Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 78 Nigeria Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 79 Nigeria Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 80 Nigeria Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 81 Nigeria Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 82 Rest of LAMEA Machine Risk Assessment Market, 2018 - 2021, USD Million
TABLE 83 Rest of LAMEA Machine Risk Assessment Market, 2022 - 2028, USD Million
TABLE 84 Rest of LAMEA Machine Risk Assessment Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 85 Rest of LAMEA Machine Risk Assessment Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 86 Rest of LAMEA Machine Risk Assessment Market by Type, 2018 - 2021, USD Million
TABLE 87 Rest of LAMEA Machine Risk Assessment Market by Type, 2022 - 2028, USD Million
TABLE 88 Rest of LAMEA Machine Risk Assessment Market by Vertical, 2018 - 2021, USD Million
TABLE 89 Rest of LAMEA Machine Risk Assessment Market by Vertical, 2022 - 2028, USD Million
TABLE 90 key information – Keyence Corporation
TABLE 91 Key Information – Omron Corporation
TABLE 92 Key Information – Sick AG
TABLE 93 Key information – Rockwell Automation, Inc.
TABLE 94 Key Information – Stantec, Inc.
TABLE 95 Key Information – TÜV NORD GROUP
TABLE 96 Key Information – Rockford Systems, LLC
TABLE 97 Key Information – UL LLC
TABLE 98 Key Information – Advanced Technology Services, Inc./ATS
TABLE 99 Key Information – Pilz GmbH & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Keyence Corporation
FIG 5 Recent strategies and developments: Omron Corporation
FIG 6 SWOT Analysis: Omron Corporation
FIG 7 SWOT Analysis: Sick AG
FIG 8 Recent strategies and developments: Rockwell Automation, Inc.
FIG 9 Recent strategies and developments: Rockford Systems, llc
FIG 10 Recent strategies and developments: UL LLC