Latin America Automotive Blind Spot Detection System Market Size & Outlook
The automotive blind spot detection system market in Latin America is expected to reach a projected revenue of US$ 438.0 million by 2030. A compound annual growth rate of 9.2% is expected of Latin America automotive blind spot detection system market from 2024 to 2030.
Revenue, 2023 (US$M)
$236.5
Forecast, 2030 (US$M)
$438.0
CAGR, 2024 - 2030
9.2%
Report Coverage
Latin America
Latin America automotive blind spot detection system market, 2018-2030 (US$M)
Related Markets
Latin America automotive blind spot detection system market highlights
- The Latin America automotive blind spot detection system market generated a revenue of USD 236.5 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, radar was the largest revenue generating technology in 2023.
- Radar is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 236.5 million |
| Market revenue in 2030 | USD 438.0 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Radar |
| Fastest growing segment | Radar |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radar |
| Key market players worldwide | Sensata Technologies Holding PLC, Robert Bosch Engineering & Business Solutions, Continental AG, Rear View Safety, Valeo Service, NXP Semiconductors, Infineon Technologies AG, Voxx Electronics, EXEROS TECHNOLOGIES, MINPN, AeroVironment Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.2% of the global automotive blind spot detection 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 2,411.5 million by 2030.
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Automotive Blind Spot Detection System Market Scope
Automotive blind spot detection system market segmentation & scope
Vehicle Type
Passenger Cars
Commercial Vehicles
Propulsion Type
ICE
Electric
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Spain
Sweden
Canada
Mexico
U.S.
Kuwait
UAE
Saudi Arabia
South Africa
Australia
China
India
Japan
South Korea
Singapore
Automotive Blind Spot Detection System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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