Latin America Advanced Driver Assistance System Market Size & Outlook
Latin America advanced driver assistance system market, 2018-2030 (US$M)
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Latin America advanced driver assistance system market highlights
- The Latin America advanced driver assistance system market generated a revenue of USD 2,172.9 million in 2023.
- The market is expected to grow at a CAGR of 11.8% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,172.9 million |
| Market revenue in 2030 | USD 4,746.0 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.8% of the global advanced driver assistance system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,628.0 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 76.47% in 2023. Horizon Databook has segmented the Latin America advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American market is expected to witness significant growth owing to the high number of accidents in the region. According to data registered by Citizen Security Observatory, Sano Domingo's on-site traffic accidents represented 79.56% of deaths in the region in the first six months of 2022.
Furthermore, the region witnessed 2.6 accidents per hour on average, according to Urban Congestion in Latin America and The Caribbean: Characteristics, Costs and Mitigation, a study published by the Inter-American Development Bank.
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Our clientele includes a mix of advanced driver assistance system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America advanced driver assistance system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America advanced driver assistance system market size, by country, 2018-2030 (US$M)
Latin America Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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