Mexico Advanced Driver Assistance System Market Size & Outlook
Mexico advanced driver assistance system market, 2018-2030 (US$M)
Related Markets
Mexico advanced driver assistance system market highlights
- The Mexico advanced driver assistance system market generated a revenue of USD 533.7 million in 2023 and is expected to reach USD 1,188.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.1% 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 533.7 million |
| Market revenue in 2030 | USD 1,188.9 million |
| Growth rate | 12.1% (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, Mexico accounted for 1.7% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 63.86% in 2023. Horizon Databook has segmented the Mexico advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
In Mexico, the growth of the ADAS market can be attributed to the high adoption of electric vehicles, many of which utilize ADAS to provide improved safety to customers. Numerous key players are taking initiatives to promote the growth of EVs.
For instance, in March 2023, global technology company ZF Group announced the introduction of a new manufacturing facility in Mexico with an investment of USD 150 million. This initiative is expected to support emobility growth in Mexico by producing more electric vehicles.
Reasons to subscribe to Mexico advanced driver assistance system market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico advanced driver assistance system market databook
-
Our clientele includes a mix of advanced driver assistance system market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico advanced driver assistance system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico advanced driver assistance system market size, by vehicle type, 2018-2030 (US$M)
Mexico Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
