LAMEA Industry 5.0 Market Size, Share & Trends Analysis Report By Component (Hardware, Software, and Services), By End Use, By Technology, By Country and Growth Forecast, 2024

List of Tables

The Latin America, Middle East and Africa Industry 5.0 Market would witness market growth of 31.8% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Industry 5.0 Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,107.5 million by 2031. The Argentina market is experiencing a CAGR of 32.5% during (2024 - 2031). Additionally, The UAE market would exhibit a CAGR of 30.4% during (2024 - 2031).

The automotive sector embraces Industry 5.0 to improve vehicle manufacturing and create more innovative products. The adoption of cobots and AI is helping automakers enhance precision in vehicle assembly, optimize design processes, and improve safety features. Industry 5.0 also plays a critical role in enabling the shift toward electric and autonomous vehicles by integrating smart manufacturing systems and data-driven innovation.

The healthcare sector is also beginning to adopt Industry 5.0 principles, especially in personalized medicine, robotic surgeries, and telemedicine. The healthcare workforce is increasingly collaborating with robots and AI systems to improve patient care and reduce operational costs. Additionally, AI technologies are helping pharmaceutical companies streamline drug discovery and development, reducing time-to-market for critical medicines.

Saudi Arabia's dominance in the petroleum sector, with Aramco producing 13.6 mmbpd of hydrocarbons in 2022, drives the adoption of AI, robotics, and IoT in oil field operations. Industry 5.0 principles, such as digital twin technology and predictive maintenance, are integrated into oil production to enhance efficiency and minimize downtime. With global pressure to reduce carbon emissions, Saudi Arabia invests in sustainable oil extraction methods, leveraging Industry 5.0 innovations like carbon capture and AI-driven energy optimization. Integrating smart sensors and autonomous systems in refineries enhances productivity while reducing environmental impact.

Aramco's large-scale operations necessitate the deployment of AI-driven robotics and smart sensors for real-time monitoring, predictive maintenance, and enhanced safety protocols. Industry 5.0 fosters a new wave of robotics adoption in the Saudi oil industry, ensuring seamless human-machine collaboration to optimize production. In conclusion, the UAE's increasing healthcare investment and Saudi Arabia's dominant oil sector are both key drivers of Industry 5.0 adoption in the region.

Based on Component, the market is segmented into Hardware, Software, and Services. Based on End Use, the market is segmented into Manufacturing, Automotive, Food & Beverage, Oil & Gas, Healthcare, Energy & Utilities, and Others. Based on Technology, the market is segmented into Robotics, 3D Printing, Artificial Intelligence (AI) & Machine Learning (ML), Industrial Sensors, Cloud Computing, Big Data & Advanced Analytics, Augmented Reality (AR) & Virtual Reality (VR), Digital Twin, and Other Technology. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

ABB Ltd.
Rockwell Automation, Inc.
Siemens AG
Hexagon AB
Schneider Electric SE
Cisco Systems, Inc.
Kuka AG (Midea Group Co., Ltd.)
Google LLC (Alphabet Inc.)
Nokia Corporation
SAP SE

LAMEA Industry 5.0 Market Report Segmentation

By Component

Hardware
Software
Services

By End Use

Manufacturing
Automotive
Food & Beverage
Oil & Gas
Healthcare
Energy & Utilities
Others

By Technology

Robotics
3D Printing
Artificial Intelligence (AI) & Machine Learning (ML)
Industrial Sensors
Cloud Computing
Big Data & Advanced Analytics
Augmented Reality (AR) & Virtual Reality (VR)
Digital Twin
Other Technology

By Country

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 LAMEA Industry 5.0 Market, by Component
- 1.4.2 LAMEA Industry 5.0 Market, by End Use
- 1.4.3 LAMEA Industry 5.0 Market, by Technology
- 1.4.4 LAMEA Industry 5.0 Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.5 Porter Five Forces Analysis

Chapter 5. LAMEA Industry 5.0 Market by Component

5.1 LAMEA Hardware Market by Country
5.2 LAMEA Software Market by Country
5.3 LAMEA Services Market by Country

Chapter 6. LAMEA Industry 5.0 Market by End Use

6.1 LAMEA Manufacturing Market by Country
6.2 LAMEA Automotive Market by Country
6.3 LAMEA Food & Beverage Market by Country
6.4 LAMEA Oil & Gas Market by Country
6.5 LAMEA Healthcare Market by Country
6.6 LAMEA Energy & Utilities Market by Country
6.7 LAMEA Others Market by Country

Chapter 7. LAMEA Industry 5.0 Market by Technology

7.1 LAMEA Robotics Market by Country
7.2 LAMEA 3D Printing Market by Country
7.3 LAMEA Artificial Intelligence (AI) & Machine Learning (ML) Market by Country
7.4 LAMEA Industrial Sensors Market by Country
7.5 LAMEA Cloud Computing Market by Country
7.6 LAMEA Big Data & Advanced Analytics Market by Country
7.7 LAMEA Augmented Reality (AR) & Virtual Reality (VR) Market by Country
7.8 LAMEA Digital Twin Market by Country
7.9 LAMEA Other Technology Market by Country

Chapter 8. LAMEA Industry 5.0 Market by Country

8.1 Brazil Industry 5.0 Market
- 8.1.1 Brazil Industry 5.0 Market by Component
- 8.1.2 Brazil Industry 5.0 Market by End Use
- 8.1.3 Brazil Industry 5.0 Market by Technology
8.2 Argentina Industry 5.0 Market
- 8.2.1 Argentina Industry 5.0 Market by Component
- 8.2.2 Argentina Industry 5.0 Market by End Use
- 8.2.3 Argentina Industry 5.0 Market by Technology
8.3 UAE Industry 5.0 Market
- 8.3.1 UAE Industry 5.0 Market by Component
- 8.3.2 UAE Industry 5.0 Market by End Use
- 8.3.3 UAE Industry 5.0 Market by Technology
8.4 Saudi Arabia Industry 5.0 Market
- 8.4.1 Saudi Arabia Industry 5.0 Market by Component
- 8.4.2 Saudi Arabia Industry 5.0 Market by End Use
- 8.4.3 Saudi Arabia Industry 5.0 Market by Technology
8.5 South Africa Industry 5.0 Market
- 8.5.1 South Africa Industry 5.0 Market by Component
- 8.5.2 South Africa Industry 5.0 Market by End Use
- 8.5.3 South Africa Industry 5.0 Market by Technology
8.6 Nigeria Industry 5.0 Market
- 8.6.1 Nigeria Industry 5.0 Market by Component
- 8.6.2 Nigeria Industry 5.0 Market by End Use
- 8.6.3 Nigeria Industry 5.0 Market by Technology
8.7 Rest of LAMEA Industry 5.0 Market
- 8.7.1 Rest of LAMEA Industry 5.0 Market by Component
- 8.7.2 Rest of LAMEA Industry 5.0 Market by End Use
- 8.7.3 Rest of LAMEA Industry 5.0 Market by Technology

Chapter 9. Company Profiles

9.1 ABB Ltd.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
  - 9.1.5.1 Partnerships, Collaborations, and Agreements:
  - 9.1.5.2 Acquisition and Mergers:
  - 9.1.5.3 Geographical Expansions:
- 9.1.6 SWOT Analysis
9.2 Rockwell Automation, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 SWOT Analysis
9.3 Siemens AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
  - 9.3.5.1 Partnerships, Collaborations, and Agreements:
  - 9.3.5.2 Product Launches and Product Expansions:
  - 9.3.5.3 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
9.4 Hexagon AB
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional & Segmental Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
9.5 Schneider Electric SE
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
  - 9.5.5.1 Partnerships, Collaborations, and Agreements:
  - 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
9.6 Cisco Systems, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
9.7 Kuka AG (Midea Group Co., Ltd.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
9.8 Google LLC (Alphabet Inc.)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
9.9 Nokia Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 SWOT Analysis
9.10. SAP SE
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 LAMEA Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Industry 5.0 Market
TABLE 4 Product Launches And Product Expansions- Industry 5.0 Market
TABLE 5 Acquisition and Mergers- Industry 5.0 Market
TABLE 6 Geographical Expansion- Industry 5.0 Market
TABLE 7 LAMEA Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 8 LAMEA Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 9 LAMEA Hardware Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Hardware Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Software Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Software Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Services Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Services Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 16 LAMEA Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 17 LAMEA Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Food & Beverage Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Food & Beverage Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 25 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Energy & Utilities Market by Country, 2020 - 2023, USD Million
TABLE 28 LAMEA Energy & Utilities Market by Country, 2024 - 2031, USD Million
TABLE 29 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 32 LAMEA Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 33 LAMEA Robotics Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Robotics Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA 3D Printing Market by Country, 2020 - 2023, USD Million
TABLE 36 LAMEA 3D Printing Market by Country, 2024 - 2031, USD Million
TABLE 37 LAMEA Artificial Intelligence (AI) & Machine Learning (ML) Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Artificial Intelligence (AI) & Machine Learning (ML) Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Industrial Sensors Market by Country, 2020 - 2023, USD Million
TABLE 40 LAMEA Industrial Sensors Market by Country, 2024 - 2031, USD Million
TABLE 41 LAMEA Cloud Computing Market by Country, 2020 - 2023, USD Million
TABLE 42 LAMEA Cloud Computing Market by Country, 2024 - 2031, USD Million
TABLE 43 LAMEA Big Data & Advanced Analytics Market by Country, 2020 - 2023, USD Million
TABLE 44 LAMEA Big Data & Advanced Analytics Market by Country, 2024 - 2031, USD Million
TABLE 45 LAMEA Augmented Reality (AR) & Virtual Reality (VR) Market by Country, 2020 - 2023, USD Million
TABLE 46 LAMEA Augmented Reality (AR) & Virtual Reality (VR) Market by Country, 2024 - 2031, USD Million
TABLE 47 LAMEA Digital Twin Market by Country, 2020 - 2023, USD Million
TABLE 48 LAMEA Digital Twin Market by Country, 2024 - 2031, USD Million
TABLE 49 LAMEA Other Technology Market by Country, 2020 - 2023, USD Million
TABLE 50 LAMEA Other Technology Market by Country, 2024 - 2031, USD Million
TABLE 51 LAMEA Industry 5.0 Market by Country, 2020 - 2023, USD Million
TABLE 52 LAMEA Industry 5.0 Market by Country, 2024 - 2031, USD Million
TABLE 53 Brazil Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 54 Brazil Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 55 Brazil Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 56 Brazil Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 57 Brazil Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 58 Brazil Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 59 Brazil Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 60 Brazil Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 61 Argentina Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 62 Argentina Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 63 Argentina Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 64 Argentina Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 65 Argentina Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 66 Argentina Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 67 Argentina Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 68 Argentina Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 69 UAE Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 70 UAE Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 71 UAE Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 72 UAE Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 73 UAE Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 74 UAE Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 75 UAE Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 76 UAE Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 77 Saudi Arabia Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 78 Saudi Arabia Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 79 Saudi Arabia Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 80 Saudi Arabia Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 81 Saudi Arabia Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 82 Saudi Arabia Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 83 Saudi Arabia Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 84 Saudi Arabia Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 85 South Africa Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 86 South Africa Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 87 South Africa Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 88 South Africa Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 89 South Africa Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 90 South Africa Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 91 South Africa Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 92 South Africa Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 93 Nigeria Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 94 Nigeria Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 95 Nigeria Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 96 Nigeria Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 97 Nigeria Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 98 Nigeria Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 99 Nigeria Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 100 Nigeria Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 101 Rest of LAMEA Industry 5.0 Market, 2020 - 2023, USD Million
TABLE 102 Rest of LAMEA Industry 5.0 Market, 2024 - 2031, USD Million
TABLE 103 Rest of LAMEA Industry 5.0 Market by Component, 2020 - 2023, USD Million
TABLE 104 Rest of LAMEA Industry 5.0 Market by Component, 2024 - 2031, USD Million
TABLE 105 Rest of LAMEA Industry 5.0 Market by End Use, 2020 - 2023, USD Million
TABLE 106 Rest of LAMEA Industry 5.0 Market by End Use, 2024 - 2031, USD Million
TABLE 107 Rest of LAMEA Industry 5.0 Market by Technology, 2020 - 2023, USD Million
TABLE 108 Rest of LAMEA Industry 5.0 Market by Technology, 2024 - 2031, USD Million
TABLE 109 Key Information - ABB Ltd.
TABLE 110 Key Information - Rockwell Automation, Inc.
TABLE 111 Key Information - Siemens AG
TABLE 112 Key Information - Hexagon AB
TABLE 113 Key Information - Schneider Electric SE
TABLE 114 Key Information - Cisco Systems, Inc.
TABLE 115 Key Information - Kuka AG
TABLE 116 Key Information - Google LLC
TABLE 117 Key Information - Nokia Corporation
TABLE 118 Key Information - SAP SE

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 LAMEA Industry 5.0 Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Industry 5.0 Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Porter's Five Forces Analysis - Industry 5.0 Market
FIG 8 LAMEA Industry 5.0 Market share by Component, 2023
FIG 9 LAMEA Industry 5.0 Market share by Component, 2031
FIG 10 LAMEA Industry 5.0 Market by Component, 2020 - 2031, USD Million
FIG 11 LAMEA Industry 5.0 Market share by End Use, 2023
FIG 12 LAMEA Industry 5.0 Market share by End Use, 2031
FIG 13 LAMEA Industry 5.0 Market by End Use, 2020 - 2031, USD Million
FIG 14 LAMEA Industry 5.0 Market share by Technology, 2023
FIG 15 LAMEA Industry 5.0 Market share by Technology, 2031
FIG 16 LAMEA Industry 5.0 Market by Technology, 2020 - 2031, USD Million
FIG 17 LAMEA Industry 5.0 Market share by Country, 2023
FIG 18 LAMEA Industry 5.0 Market share by Country, 2031
FIG 19 LAMEA Industry 5.0 Market by Country, 2020 - 2031, USD Million
FIG 20 Recent strategies and developments: ABB ltd.
FIG 21 SWOT Analysis: ABB ltd.
FIG 22 SWOT Analysis: Rockwell Automation, Inc.
FIG 23 Recent strategies and developments: Siemens AG
FIG 24 SWOT Analysis: Siemens AG
FIG 25 SWOT Analysis: Hexagon AB
FIG 26 Recent strategies and developments: Schneider Electric SE
FIG 27 SWOT Analysis: Schneider Electric SE
FIG 28 SWOT Analysis: Cisco Systems, Inc.
FIG 29 Swot Analysis: Kuka AG
FIG 30 SWOT Analysis: Google LLC
FIG 31 SWOT Analysis: Nokia Corporation
FIG 32 SWOT Analysis: SAP SE

LAMEA Industry 5.0 Market Size, Share & Trends Analysis Report By Component (Hardware, Software, and Services), By End Use, By Technology, By Country and Growth Forecast, 2024 - 2031

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