DUBLIN--(BUSINESS WIRE)--The "Mexico Factory Automation and Industrial Controls Market - Growth, Trends, Forecast - (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Mexico market for factory automation and industrial controls has been valued at USD 1,229.5 million in 2017.
The country is witnessing a rapid adoption of factory automation and industrial control systems in Latin America, owing to the growing adoption of automation technologies, coupled with the advent of Industry 4.0 norms among expanding manufacturing sectors in the country.
The country is witnessing a significant boost in the automotive manufacturing industry, with Nissan, Honda, and Mazda, opening new high-volume facilities in the country, and a national vehicle production growth of over 7.5%.
The exponential growth in the country's manufacturing sector is the major driver for market growth. In 2017, nearly 16% of the country's GDP came from manufacturing. Companies have witnessed a rise in the demand for catering to the manufacturing sector in the country, with the other countries in the region, like Brazil recovering from the economic crisis.
For instance, Rockwell Automation's sales growth, in 2017, in Latin America was mixed, with growth led by Mexico and partially offset by decline, across the rest of the LATAM region.
The lower labor costs in the country are resulting in rapid expansion of other industrial sectors, like consumer electronics manufacturing, pharmaceutical manufacturing, and metallurgical industry, which is expected to boost the Mexico automation and control systems market.
Scope of the Report
The evolution of technological advancements and innovations across various manufacturing units have encouraged the adoption of automation technologies. Digitization and Industry 4.0 revolution have significantly stimulated the growth of automation among industries, by necessitating the use of smarter and automated solutions, such as robotics and control systems, to improve production processes.
Key Market Trends
Robotics to Hold Major Growth
Mexico is predominantly a production hub for car manufacturers and automotive parts suppliers that export to the United States and increasingly to South America. At USD 2.45 trillion, Mexico is the Fifteenth largest global economy and home to 20 plus automotive assembly plants including BMW, Mercedes, Audi, Ford, Chrysler, and Nissan.
They are putting more pressure on the local plants to increase the quality, get better safety, get better throughput, and that's driving automation and robotics.
Primarily owing to the automotive sector in the country which is the Seventh largest maker of motor vehicles in the world with more than 4.1 million units produced in 2017 or about 4.2% of the global production of 95.3 million units, the manufacturing industry in Mexico has propelled and digitalized significantly in recent years to enhance productivity.
Therefore, Mexico's manufacturing and most prominently automobile manufacturing sector has made the country one of Latin America's powerhouses for innovation and technology.
In order to support the country's growing manufacturing industry, the Association for Advancing Automation (A3) has launched A3 Mexico to support the proliferation of manufacturing sector with robotics.
Drivers and Restraints
The strategic move to Industry 4.0, which is referred to as a highly industrialized economy moving through IoT and M2M, is greatly helping manufacturers in increasing efficiency through analytical insight, reducing system failures through predictive analytics, and optimizing the costs by cutting on wastage.
Competitive Landscape
The Mexico Factory Automation and Industrial Controls market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable products and solutions, many of the companies are increasing their market presence by securing new contracts and by tapping new markets.
For instance, in Feb 2018, Honeywell announced a new solution for real-time safety monitoring of workers in plant and remote operations. The solution's wearable gas detectors monitor gas, radiation and dust, and are tightly integrated with Honeywell's distributed control system, Experion Process Knowledge System (PKS).
Further in Oct 2018, GE launched the next phase of Industrial Internet Control System (IICS). Built on the capabilities of its IICS, Intelligent Platforms introduced PACSystems RX3i CPL410, the first-ever outcome optimizing open controller, a remote monitoring as a service platform, both designed to harness the combined power of edge controls and analytics to deliver actionable intelligence across the industrial ecosystem.
Topics Covered
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timeline
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modeling
2.4.4 Expert Validation
3. Mexico Market - Key Findings of the Study
4. Executive Summary
5. Mexico Market Overview
5.1 Overview
5.2 Industry Value Chain Analysis
5.3 Industry Attractiveness - Porter's 5 Force Analysis
5.4 Industry Policies
6. Market Dynamics
6.1 Introduction
6.2 Drivers
6.2.1 Focus Towards Cost-Cutting and Business Process Improvement
6.2.2 Increased Focus Towards Manufacturing in Developing Economies
6.2.3 Internet of Things (IoT) And Machine-to-Machine (M2M) Technologies is Driving the Market Growth
6.3 Restraints
6.3.1 High Installation Costs
6.3.2 Lack of Skilled Workforce is Preventing Enterprises to Go for Full-Scale Adoption of Factory Automation Solutions
7. Technology Overview
7.1 Technology Snapshot
7.2 Deployment Models
7.3 Ongoing developments
7.4 Applications of Factory Automation Solutions
8. Factory Automation &Industrial Controls Market, by Products
8.1 Field Devices
8.1.1 Machine Vision
8.1.2 Robotics
8.1.3 Sensors
8.1.3.1 Pressure Sensors
8.1.3.2 Temperature Sensors
8.1.3.3 Position Sensors
8.1.3.4 Image Sensors
8.1.3.5 Others
8.1.4 Motion & Drives
8.1.5 Relays & Switches
8.1.6 Others
8.2 Industrial Control Systems
8.2.1 Supervisory Control and Data Acquisition (SCADA)
8.2.2 Distributed Control System (DCS)
8.2.3 Programmable Logic Controller (PLC)
8.2.4 Manufacturing Execution Systems (MES)
8.2.5 Enterprise Resource Planning (ERP)
8.2.6 Product Lifecycle Management (PLM)
8.2.7 Human Machine Interface (HMI)
8.2.8 Others
9. Factory Automation &Industrial Controls Market, by End-User Industry
9.1 Automotive
9.2 Packaging
9.3 Chemical
9.4 Power
9.5 Pharmaceuticals
9.6 Food Processing
9.7 Oil & Gas
9.8 Textile
9.9 Plastic
9.10 Others
10. Vendor Market Share
11. Competitive Intelligence - Company Profiles
11.1 Rockwell Automation
11.2 Honeywell
11.3 GE
11.4 ABB
11.5 Emerson
11.6 Dassault Systems
11.7 Autodesk
11.8 Mitsubishi
11.9 Schneider Electric
11.10 Siemens
11.11 Invensys
11.12 AspenTech
11.13 Bosch
11.14 Texas Instruments
11.15 Johnson Controls
12. Investment Analysis
12.1 Recent Mergers & Acquisitions
12.2 Role of Business Accelerators
12.3 Investment Outlook
13. Future of the Factory Automation & Industrial Controls Market
For more information about this report visit https://www.researchandmarkets.com/research/tfn5h7/the_mexican?w=4
