How big is the Latin America ADAS Market?

The Latin America ADAS Market size is expected to reach USD 1.08 billion in 2024 and grow at a CAGR of 15.78% to reach USD 2.49 billion by 2029. Read More

What is the current Latin America ADAS Market size?

In 2024, the Latin America ADAS Market size is expected to reach USD 1.08 billion. Read More

Who are the key players in Latin America ADAS Market?

Autoliv AB, Bosch Group, Ford Motor Company, General Motors and BMW AG are the major companies operating in the Latin America ADAS Market. Read More

What years does this Latin America ADAS Market cover, and what was the market size in 2023?

In 2023, the Latin America ADAS Market size was estimated at USD 0.91 billion. The report covers the Latin America ADAS Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America ADAS Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Latin America ADAS Market Share

Statistics for the 2023 & 2024 Latin America ADAS market share, created by Mordor Intelligence™ Industry Reports. Latin America ADAS share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Latin America ADAS Industry

The Latin America advanced driver assistance systems (ADAS) Market is fragmented with international and regional players such as Autoliv AB, Bosch Group, Continental AG, Delphi Automotive, Harman International, Hella KGaA Hueck & Co, and Hyundai Mobi. Although it has an edge over its competitors, the major ADAS companies are making joint ventures and partnerships with car manufacturing companies to launch newer products.

Mexico has become one of the most promising ADAS markets for the automotive industry. For instance, Kia, Audi, and Ford have planned the construction of new car manufacturing plants with a total investment of over USD 4 billion. This will further push the growth of the ADAS market in the Latin America region.