Latin America Automotive Active Safety System Market Size & Outlook
The automotive active safety system market in Latin America is expected to reach a projected revenue of US$ 3,220.6 million by 2030. A compound annual growth rate of 17.9% is expected of Latin America automotive active safety system market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,018.6
Forecast, 2030 (US$M)
$3,220.6
CAGR, 2024 - 2030
17.9%
Report Coverage
Latin America
Latin America automotive active safety system market, 2018-2030 (US$M)
Latin America automotive active safety system market highlights
- The Latin America automotive active safety system market generated a revenue of USD 1,018.6 million in 2023.
- The market is expected to grow at a CAGR of 17.9% from 2024 to 2030.
- In terms of segment, tire-pressure monitoring system was the largest revenue generating type in 2023.
- Tire-pressure Monitoring System is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,018.6 million |
| Market revenue in 2030 | USD 3,220.6 million |
| Growth rate | 17.9% (CAGR from 2023 to 2030) |
| Largest segment | Tire-pressure monitoring system |
| Fastest growing segment | Tire-pressure Monitoring System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire-pressure Monitoring System |
| Key market players worldwide | Infineon Technologies AG, Teledyne FLIR, Denso Corp, Magna International Inc, Valeo SA, Hyundai Mobis, Autoliv Inc, Continental AG, Robert Bosch Engineering & Business Solutions |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global automotive active safety system market in 2023.
- Globally, North America 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 11,736.4 million by 2030.
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Automotive Active Safety System Market Scope
Automotive active safety system market segmentation & scope
Tire-pressure Monitoring System
Lane Departure Warning
Adaptive Cruise Control
Night Vision System
Driver Monitoring
Antilock Braking System
Blind Spot Detection
Sensor Type
Camera Sensor
Radar Sensor
Lidar Sensor
Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Buses & Coaches
Propulsion Type
ICE
Electric
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
South Korea
Australia
Brazil
Mexico
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Automotive Active Safety System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America automotive active safety system market
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