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LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2020-2028

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LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2020-2028

The Latin America advanced driver assistance system (ADAS) market is set to garner a CAGR of 13.30% during the forecast period, 2020-2028. The factors contributing to the growth of the market are the low car ownership and the rising middle-class income group. The countries assessed in the Latin America ADAS market for further analysis are Mexico, Brazil, Argentina, and the rest of Latin America.

LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2020-2028

Latin America Advanced Driver Assistance System (Adas) Market by Vehicle Type (Passenger Cars, Commercial Vehicles)  by Component (Processors, Sensors, Software, Other Component) by Level of Automation (Advanced Driving Assist Systems-adas, Partial Automation, Conditional Automation, High Automation, Full Automation) by Solutions (Parking Assistance System, Tire Pressure Monitoring System, Adaptive Front Lighting Systems, Lane Departure Warning Systems, Collision Warning Systems, Blind Spot Detection, Electronic Stability Control, Adaptive Cruise Control, Advanced Emergency Braking System, Traffic Sign Recognition Systems, Driver Drowsiness Detection, Other Solutions) and by Geography.

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The Latin America advanced driver assistance system (ADAS) market is set to garner a CAGR of 13.30% during the forecast period, 2020-2028. The factors contributing to the growth of the market are the low car ownership and the rising middle-class income group.
Latin America Advanced Driver Assistance System Market (ADAS)

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The countries assessed in the Latin America ADAS market for further analysis are Mexico, Brazil, Argentina, and the rest of Latin America. Brazil is considered to be a major base of operations for major market players like Volkswagen AG, Ford Motor Co, General Motors Co, and Flat Chrysler Automobiles NV. The increasing vehicle ownership has resulted in manufacturers investing huge amounts in the region. The Brazilian market is inclined towards smaller and midsize models. When it comes to the automotive ADAS market, the huge rate of currency deprecation has impeded its market growth. The cost of the component systems is set to increase due to the import of automotive components and currency depreciation. But, the anticipated regulations with regard to the deployment of ADAS and the flourishing car sales, are projected to boost the ADAS market growth in Brazil. The subsidiary of Fiat Chrysler, Jeep, is set to launch two models in the SUV segment, the Jeep Compass.

In the case of Mexico, the presence of the top ten vehicle assembly companies like General Motors, Volkswagen, Nissan, BMW, Honda, Mercedes-Benz, etc. is boosting the automotive sector. The demand for automotive ADAS is set to increase significantly due to increasing demands from the United States. This is due to the increasing popularity of safety solutions in terms of government regulations. The disposable income has increased considerably in recent years in Mexico, which, in turn, boosts the ADAS market in the country.

Denso Corporation supplies advanced automotive technology, components, and systems, and also manufactures diesel and gasoline management systems, small motor systems, automated driving products, etc. It operates in North America, South America, Europe, and other regions. The company has its headquarters in Kariya, Aichi, Japan. The company has collaborated with Qualcomm Technologies, Inc. in January 2020 for developing the next-generation cockpit systems.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • INTRODUCTION TO ADVANCED DRIVER ASSISTANCE SYSTEMS (ADAS)
      • AUTOMATED DRIVING: FIVE LEVELS OF AUTOMOTIVE AUTONOMY
      • MARKET DEFINITION
      •    KEY DRIVERS
        • STRINGENT GOVERNMENT REGULATIONS.
        • HIGHER SAFETY DEMAND FROM CUSTOMERS
        • INCREASED ADOPTION FROM AUTOMOTIVE SECTOR
        • GROWING AWARENESS OF DRIVER ASSISTANCE SYSTEM
      •    KEY RESTRAINTS
        • ADAS MALFUNCTIONS
        • HIGH COSTS ASSOCIATED TO ADAS
        • INTENSIVE COMPETITION
        • HUMAN BEHAVIORAL ADAPTATION
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY VEHICLE TYPE
      • PASSENGER CARS
      •    COMMERCIAL VEHICLES
        • LIGHT COMMERCIAL VEHICLES
        • HEAVY COMMERCIAL VEHICLES
    1. MARKET BY COMPONENT
      • PROCESSORS
      •    SENSORS
        • IMAGE SENSORS
        • ULTRASONIC SENSORS
        • LASER SENSORS
        • RADAR SENSORS
        • INFRARED SENSORS
        • LIDAR
      • SOFTWARE
      • OTHER COMPONENT
    2. MARKET BY LEVEL OF AUTOMATION
      • LEVEL 1 (ADVANCED DRIVING ASSIST SYSTEMS-ADAS)
      • LEVEL 2 (PARTIAL AUTOMATION)
      • LEVEL 3 (CONDITIONAL AUTOMATION)
      • LEVEL 4 (HIGH AUTOMATION)
      • LEVEL 5 (FULL AUTOMATION)
    3. MARKET BY SOLUTIONS
      • PARKING ASSISTANCE SYSTEM
      • TIRE PRESSURE MONITORING SYSTEM
      • ADAPTIVE FRONT LIGHTING SYSTEMS
      • LANE DEPARTURE WARNING SYSTEMS
      • COLLISION WARNING SYSTEMS
      • BLIND SPOT DETECTION
      • ELECTRONIC STABILITY CONTROL
      • ADAPTIVE CRUISE CONTROL
      • ADVANCED EMERGENCY BRAKING SYSTEM
      • TRAFFIC SIGN RECOGNITION SYSTEMS
      • DRIVER DROWSINESS DETECTION
      • OTHER SOLUTIONS
    4. GEOGRAPHICAL ANALYSIS
      •    LATIN AMERICA
        • BRAZIL
        • MEXICO
        • ARGENTINA
        • REST OF LATIN AMERICA
    1. COMPANY PROFILES
      • AISIN SEIKI CO LTD
      • APTIV PLC (FORMERLY DELPHI AUTOMOTIVE PLC)
      • AUTOLIV INC
      • BENDIX COMMERCIAL VEHICLE SYSTEMS, LLC
      • CONTINENTAL AG
      • DENSO CORPORATION
      • GENTEX CORPORATION
      • HELLA GMBH & CO KGAA
      • HYUNDAI MOBIS CO LTD
      • INFINEON TECHNOLOGIES AG
      • MAGNA INTERNATIONAL INC
      • MOBILEYE N.V
      • NXP SEMICONDUCTORS N.V
      • OMRON CORPORATION
      • PANASONIC CORPORATION
      • RENESAS ELECTRONIC CORPORATION
      • ROBERT BOSCH GMBH
      • SAMSUNG ELECTRONICS CO LTD
      • TEXAS INSTRUMENTS INCORPORATED
      • VALEO S.A.
      • WABCO HOLDINGS INC
      • ZF FRIEDRICHSHAFEN AG

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS)

    TABLE 2: AN OVERVIEW OF ADVANCED DRIVER ASSISTANCE SYSTEMS (ADAS)

    TABLE 3: DEFINITIONS & CLASSIFICATION OF AUTOMATED DRIVING LEVELS

    TABLE 4: NATIONAL ROAD SAFETY STRATEGIES, PLANS AND TARGETS IN LATIN AMERICAN COUNTRIES

    TABLE 5: COMPARISON BETWEEN LIDAR, CAMERA AND RADAR IN AUTOMOTIVE APPLICATIONS

    TABLE 6: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 7: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 8: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 9: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY COMPONENT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 10: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY SENSOR TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 11: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY SENSOR TECHNOLOGY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 12: COMPARATIVE ANALYSIS OF LIDAR WITH OTHER SENSOR TECHNOLOGIES USED IN AUTOMOTIVE APPLICATIONS

    TABLE 13: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL OF AUTOMATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 14: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL OF AUTOMATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 15: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY SOLUTIONS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 16: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY SOLUTIONS, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 17: DEVELOPMENTS IN PARKING ASSISTANCE SYSTEM

    TABLE 18: DEVELOPMENTS IN LANE DEPARTURE WARNING SYSTEM

    TABLE 19: DEVELOPMENTS IN COLLISION WARNING SYSTEM

    TABLE 20: DEVELOPMENTS IN ELECTRONIC STABILITY CONTROL

    TABLE 21: DEVELOPMENTS IN ADAPTIVE CRUISE CONTROL

    TABLE 22: COMPANY WISE NOMENCLATURE OF DIFFERENT DRIVER DROWSINESS ALERT SYSTEMS

    TABLE 23: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 24: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 25: SALES & PRODUCTION OF AUTOMOBILES IN BRAZIL, 2014-2018 (IN UNITS)

    TABLE 26: SALES & PRODUCTION OF AUTOMOBILES IN MEXICO, 2014-2018 (IN UNITS)

    TABLE 27: SALES & PRODUCTION OF AUTOMOBILES IN ARGENTINA, 2014-2018 (IN UNITS)

    FIGURE LIST

    FIGURE 1: ADAS FEATURES, ACTUAL PRICE VERSUS CUSTOMER WILLINGNESS TO PAY (IN USD)

    FIGURE 2: KEY INVESTMENT INSIGHTS

    FIGURE 3: LIST OF IMPORTANT UN VEHICLE SAFETY REGULATIONS

    FIGURE 4: NEW REGULATIONS AND NCAP RATINGS FOR ADAS

    FIGURE 5: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 6: OPPORTUNITY MATRIX

    FIGURE 7: VENDOR LANDSCAPE

    FIGURE 8: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2019

    FIGURE 9: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY PASSENGER CARS, 2020-2028 (IN $ MILLION)

    FIGURE 10: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LIGHT COMMERCIAL VEHICLES, 2020-2028 (IN $ MILLION)

    FIGURE 11: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY HEAVY COMMERCIAL VEHICLES, 2020-2028 (IN $ MILLION)

    FIGURE 12: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2019

    FIGURE 13: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY PROCESSORS, 2020-2028 (IN $ MILLION)

    FIGURE 14: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY SENSORS, 2020-2028 (IN $ MILLION)

    FIGURE 15: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, GROWTH POTENTIAL, BY SENSOR TECHNOLOGY, IN 2019

    FIGURE 16: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY IMAGE SENSORS, 2020-2028 (IN $ MILLION)

    FIGURE 17: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY ULTRASONIC SENSORS, 2020-2028 (IN $ MILLION)

    FIGURE 18: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LASER SENSORS, 2020-2028 (IN $ MILLION)

    FIGURE 19: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY RADAR SENSORS, 2020-2028 (IN $ MILLION)

    FIGURE 20: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY INFRARED SENSORS, 2020-2028 (IN $ MILLION)

    FIGURE 21: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LIDAR, 2020-2028 (IN $ MILLION)

    FIGURE 22: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY SOFTWARE, 2020-2028 (IN $ MILLION)

    FIGURE 23: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY OTHER COMPONENT, 2020-2028 (IN $ MILLION)

    FIGURE 24: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, GROWTH POTENTIAL, BY LEVEL OF AUTOMATION, IN 2019

    FIGURE 25: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL 1, 2020-2028 (IN $ MILLION)

    FIGURE 26: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL 2, 2020-2028 (IN $ MILLION)

    FIGURE 27: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL 3, 2020-2028 (IN $ MILLION)

    FIGURE 28: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL 4, 2020-2028 (IN $ MILLION)

    FIGURE 29: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LEVEL 5, 2020-2028 (IN $ MILLION)

    FIGURE 30: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, GROWTH POTENTIAL, BY SOLUTIONS, IN 2019

    FIGURE 31: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY PARKING ASSISTANCE SYSTEM, 2020-2028 (IN $ MILLION)

    FIGURE 32: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY TIRE PRESSURE MONITORING SYSTEM, 2020-2028 (IN $ MILLION)

    FIGURE 33: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY ADAPTIVE FRONT LIGHTING SYSTEMS, 2020-2028 (IN $ MILLION)

    FIGURE 34: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY LANE DEPARTURE WARNING SYSTEMS, 2020-2028 (IN $ MILLION)

    FIGURE 35: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY COLLISION WARNING SYSTEMS, 2020-2028 (IN $ MILLION)

    FIGURE 36: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY BLIND SPOT DETECTION, 2020-2028 (IN $ MILLION)

    FIGURE 37: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY ELECTRONIC STABILITY CONTROL, 2020-2028 (IN $ MILLION)

    FIGURE 38: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY ADAPTIVE CRUISE CONTROL, 2020-2028 (IN $ MILLION)

    FIGURE 39: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY ADVANCED EMERGENCY BRAKING SYSTEM, 2020-2028 (IN $ MILLION)

    FIGURE 40: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY TRAFFIC SIGN RECOGNITION SYSTEMS, 2020-2028 (IN $ MILLION)

    FIGURE 41: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY DRIVER DROWSINESS DETECTION, 2020-2028 (IN $ MILLION)

    FIGURE 42: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, BY OTHER SOLUTIONS, 2020-2028 (IN $ MILLION)

    FIGURE 43: LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 44: BRAZIL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 45: MEXICO ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 46: ARGENTINA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 47: REST OF LATIN AMERICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET, 2020-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      •    LATIN AMERICA
        • BRAZIL
        • MEXICO
        • ARGENTINA
        • REST OF LATIN AMERICA
    1. MARKET BY VEHICLE TYPE
      • PASSENGER CARS
      •    COMMERCIAL VEHICLES
        • LIGHT COMMERCIAL VEHICLES
        • HEAVY COMMERCIAL VEHICLES
    1. MARKET BY COMPONENT
      • PROCESSORS
      •    SENSORS
        • IMAGE SENSORS
        • ULTRASONIC SENSORS
        • LASER SENSORS
        • RADAR SENSORS
        • INFRARED SENSORS
        • LIDAR
      • SOFTWARE
      • OTHER COMPONENT
    2. MARKET BY LEVEL OF AUTOMATION
      • LEVEL 1 (ADVANCED DRIVING ASSIST SYSTEMS-ADAS)
      • LEVEL 2 (PARTIAL AUTOMATION)
      • LEVEL 3 (CONDITIONAL AUTOMATION)
      • LEVEL 4 (HIGH AUTOMATION)
      • LEVEL 5 (FULL AUTOMATION)
    3. MARKET BY SOLUTIONS
      • PARKING ASSISTANCE SYSTEM
      • TIRE PRESSURE MONITORING SYSTEM
      • ADAPTIVE FRONT LIGHTING SYSTEMS
      • LANE DEPARTURE WARNING SYSTEMS
      • COLLISION WARNING SYSTEMS
      • BLIND SPOT DETECTION
      • ELECTRONIC STABILITY CONTROL
      • ADAPTIVE CRUISE CONTROL
      • ADVANCED EMERGENCY BRAKING SYSTEM
      • TRAFFIC SIGN RECOGNITION SYSTEMS
      • DRIVER DROWSINESS DETECTION
      • OTHER SOLUTIONS

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