Brazil Advanced Driver Assistance System Market Size & Outlook
Brazil advanced driver assistance system market, 2018-2030 (US$M)
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Brazil advanced driver assistance system market highlights
- The Brazil advanced driver assistance system market generated a revenue of USD 1,565.2 million in 2023 and is expected to reach USD 3,348.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Advanced driver assistance system market data book summary
| Market revenue in 2023 | USD 1,565.2 million |
| Market revenue in 2030 | USD 3,348.8 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
| Key market players worldwide | Intel Corp, Autoliv Inc, Denso Corp, Continental AG, Garmin Ltd, Infineon Technologies AG, Magna International Inc, Mobileye Global Inc Ordinary Shares - Class A, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.9% of the global advanced driver assistance system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil advanced driver assistance system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,188.9 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil advanced driver assistance system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced driver assistance system market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 81.02% in 2023. Horizon Databook has segmented the Brazil advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The ADAS market growth in Brazil is expected to be driven by the increasing manufacture of electric vehicles in the country. Moreover, various companies are taking initiatives to deploy charging points and promote the growth of EVs.
For instance, in March 2023, Brazil’s Pacto Energia, which creates energy from wind, hydraulic, solar, and various sources, announced plans to invest USD 3 million in the deployment of 100 electric vehicle charging stations in Brazil.
This initiative is expected to help the company increase its production of EVs, in turn boosting the adoption of ADAS. Brazil has been actively promoting the use of electric vehicles through various incentives and initiatives, such as tax exemptions, subsidies, and infrastructure development.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil advanced driver assistance system market , including forecasts for subscribers. This country databook contains high-level insights into Brazil advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil advanced driver assistance system market size, by vehicle type, 2018-2030 (US$M)
Brazil Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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