Mexico Advanced Driving Assistance Systems (ADAS) Market (2022-2028) | Industry, Size, Share, Forecast, Analysis, Revenue, Outlook, Growth, Trends, Value, Segmentation & COVID-19 IMPACT

Mexico Advanced Driving Assistance Systems Market Synopsis

Mexico Advanced driving assistance systems (ADAS) Market are a suite of technologies that can assist drivers in lane and maintain control of their vehicles, with the goal of making driving safer. The market for ADAS is expected to grow during the forecast period. This growth is due to the increasing demand for safety features in vehicles, rising awareness about the benefits of advanced ADAS among consumers, and increasing investments in research and development (R&D) for these systems. The Mexico advanced driving assistance systems market is a part of Latin America advanced driving assistance systems market and global advanced driving assistance systems market.

According to 6Wresearch, the Mexico advanced driving assistance systems market size is likely to witness growth during 2022-28. This growth is due to the increasing demand for ADAS in both developed and developing countries. Additionally, the Mexican government launched a national program called "Acapulco 2020," which aims to make the country the global leader in ADAS technology by 2020. The program has already invested in several innovative ADAS projects, such as Protege360’s 360-degree camera system that helps drivers avoid accidents at intersections and Traficant Systems’ forward collision warning system that alerts drivers when they are close to other vehicles. Moreover, other features available in Mexican ADSs include camera-based lane departure warning (LDW), forward collision warning (FCW), and pedestrian detection. LDW monitors traffic in both directions and alerts drivers when someone crosses in front of their vehicle, while FCW warns drivers when they're about to collide with another vehicle or pedestrian. Pedestrian detection can be used to prevent accidents by warning drivers when a person is crossing in front of them at an unsafe point, or it can be used to help pedestrians cross safely. Additionally, Mexican ADSs are generally reliable, but they may not be as accurate as those found in more developed countries. This may cause drivers to take unnecessary precautions when using them, which could lead to accidents. Additionally, Mexican ADSs tend to be more expensive than those found in other countries, which may limit their use to wealthier individuals.

Market Analysis By Product Type

In terms of product type, the market is categorized into adaptive cruise control, blind spot detection, park assist, autonomous emergency braking, intelligent headlights and others. Currently, the park assist account for the highest market share. Additionally, the growth is attributed to the increasing demand for driver safety and the rising awareness about the benefits of using these systems. Further, the most popular technology types in this market are lane departure warning systems, collision warning systems, and adaptive cruise control. These technologies help drivers stay in their lanes, avoid collisions, and maintain a safe speed on highways. Other technologies in use include forward collision warning, pedestrian detection, and automatic braking.

Market Analysis By Competitive Landscape

The major players in the Mexican advanced driving assistance systems market are Continental AG (Germany), Bosch LLC (US), Mitsubishi Electric Corporation (Japan), Denso Corporation (Japan), and Valeo S.A. (France). These companies are engaged in various stages of development of ADAS technologies for different vehicle segments in Mexico. Some of the key products offered by these companies include forward collision warning, lane departure warning, adaptive cruise control, and pedestrian detection. Additionally, government organizations are the main end users of ADAS systems in Mexico. Other major end users include commercial vehicles, buses, and trucks. The automotive segment dominates the market. However, the government sector is projected to witness high growth rates owing to its initiatives such as smart cities and road safety programs.

COVID-19 Influence on the Mexico Advanced Driving Assistance Systems Market

 

The manifestation of Covid-19 pandemic has caused a slowdown in the automotive market. Nevertheless, the market has convalesced progressively in recent years. The growth is attributed to factors such as increasing awareness about the benefits of ADAS, increasing demand from government and private organizations, and rising investments in transportation infrastructure. Additionally, with increasing awareness of the dangers of driving under the influence and the rising cost of car insurance, many drivers are looking for ways to improve their safety on the road. Mexico is no exception, with a growing market for advanced driving assistance systems (ADS).

Key Attractiveness of the Report

• COVID-19 Influence on the Market
• 8 Years of Market Numbers
• Historical Numbers from 2018 to 2021.
• Base Year: 2021
• Forecast Data Until 2028
• Key Performance Indicators Influencing the Market.
• Key Upcoming Developments and Projects.

Key Highlights of the Report

• Mexico Advanced Driving Assistance Systems Market Overview
• Mexico Advanced Driving Assistance Systems Market Outlook
• Mexico Advanced Driving Assistance Systems Market Forecast
• Forecast of Mexico Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
• Forecast of Mexico Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
• Forecast of Mexico Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
• Forecast of Mexico Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
• Forecast of Mexico Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
• Mexico Advanced Driving Assistance Market Share, By Market Players
• Market Drivers and Restraints
• Mexico Advanced Driving Assistance Market Trends
• Competitive Benchmarking
• Key Strategic Recommendations

Markets Scope and Segmentation

The report delivers a widespread study of the subsequent market segments:

By Product Types

• Adaptive Cruise Control
• Blind spot Detection
• Park Assist
• Autonomous Emergency Braking
• Intelligent Headlights
• Others

By Sensor Types

• LiDAR
• RADAR
• Camera
• Ultrasonic

By Vehicle

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial vehicles

By Regions

• Northern
• Western
• Eastern
• Southern

Mexico Advanced Driving Assistance Systems (ADAS) Market: FAQs