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.
Latin America ADAS Market Leaders
Autoliv AB
Bosch Group
Ford Motor Company
General Motors
BMW AG
*Disclaimer: Major Players sorted in no particular order
