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

Market Forecast By Product Types (Adaptive Cruise Control, Blindspot Detection, Park Assist, Autonomous Emergency Braking, Intelligent Headlights & Others), By Sensor Types (LiDAR, RADAR, Camera, Ultrasonic), By Products (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Regions (Northern, Western, Eastern, Southern) And Competitive Landscape

Product Code: ETC437774 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

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
The report not only has considered COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.
By product types, park assist systems accounted for the highest share owing to their higher cost arising from numerous sensors that are required for the functioning of the system.
By sensor types, camera sensors acquired the highest market revenue share in Mexico advanced driving assistance systems market owing to their multi-utility advantage.
The growth of the market is attributed to increasing demand for safety and security features in vehicles, increasing government regulations, and increased adoption of ADAS across various vehicle segments.
Some of the major challenges are lack of awareness among consumers. This can be due to concerns about safety and privacy, as well as doubts about whether the technology is effective. Additionally, there are limited options for deploying ADAS systems in vehicles, which has led to slow adoption rates.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1. Executive Summary
2. Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope and Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Mexico Advanced Driving Assistance Systems Market Overview
3.1 Mexico Advanced Driving Assistance Systems Market Revenues (2021-2028F)
3.2 Mexico Advanced Driving Assistance Systems Market Industry Life Cycle
3.3 Mexico Advanced Driving Assistance Systems Market Porter’s Five Forces Model
3.4 Mexico Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F)
3.5 Mexico Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F)
3.6 Mexico Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F)
3.7 Mexico Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F)
4. Impact Analysis of COVID-19 on Mexico Advanced Driving Assistance Systems Market
5. Mexico Advanced Driving Assistance Systems Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Mexico Advanced Driving Assistance Systems Market Trends & Evolution
7. Mexico Advanced Driving Assistance Systems Market Overview, By Product Types
7.1 Mexico Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F)
7.2 Mexico Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F)
7.3 Mexico Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F)
7.4 Mexico Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F)
7.5 Mexico Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F)
7.6 Mexico Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F)
8. Mexico Advanced Driving Assistance Systems Market Overview, By Sensor Types
8.1 Mexico Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F)
8.2 Mexico Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F)
8.3 Mexico Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F)
8.4 Mexico Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F)
9. Mexico Advanced Driving Assistance Systems Market Overview, By Vehicle Types
9.1 Mexico Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F)
9.2 Mexico Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F)
9.3 Mexico Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F)
10. Mexico Advanced Driving Assistance Systems Market Overview, By Regions
10.1 Mexico Advanced Driving Assistance Systems Market Revenues, By Northern Region (2021-2028F)
10.2 Mexico Advanced Driving Assistance Systems Market Revenues, By Western Region (2021-2028F)
10.3 Mexico Advanced Driving Assistance Systems Market Revenues, By Eastern Region (2021-2028F)
10.4 Mexico Advanced Driving Assistance Systems Market Revenues, By Southern Region (2021-2028F)
11. Mexico Advanced Driving Assistance Systems Market - Key Performance Indicators
12. Mexico Advanced Driving Assistance Systems Market - Opportunity Assessment
12.1 Mexico Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F)
12.2 Mexico Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F)
12.3 Mexico Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F)
13. Mexico Advanced Driving Assistance Systems Market - Price Trend Analysis
14. Mexico Advanced Driving Assistance Systems Market Competitive Landscape
14.1 Mexico Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021)
14.2 Mexico Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters
15. Company Profiles
15.1 Bosch Limited
15.2 Denso Mexico Pvt Ltd
15.3 Wabco Mexico Limited
15.4 Continental Automotive Components (Mexico) Pvt Ltd
15.5 Infineon Technologies Mexico Pvt Ltd
15.6 Hella Mexico Automotive Pvt Ltd
16. Key Strategic Recommendations
17. Disclaimer
List of Figures
Figure 1: Mexico Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores)
Figure 2: Mexico Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F
Figure 3: Mexico Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F
Figure 4: Mexico Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F
Figure 5: Mexico Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F
Figure 6: ABS and Electronic brakeforce distribution market penetration in Mexico, (units)
Figure 7: Traction control system market penetration in Mexico, (Units)
Figure 8: Electronic stability program market penetration in Mexico, (USD units)
Figure 9: Number of road accidents in Mexico, 2016-2020
Figure 10: Number of deaths per 100 road accidents in Mexico
Figure 11: Number of deaths in road accidents in Mexico
Figure 12: Highway Construction in Mexico (Kilometers)
Figure 13: Investment outlay for roads under union budget ($ billion)
Figure 14: Auto Services Market in Mexico, 2019-2026F, (USD billion)
Figure 15: Mexico automobile market growth, 2019-2026F (USD, Billion)
Figure 16: Mexico passenger cars penetration, 2019-2026F (per 1000 people)
Figure 17: Mexico Advanced Driving Assistance Systems  Market Opportunity Assessment, By Product types, 2028F
Figure 18: Mexico Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F
Figure 19: Mexico Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F
Figure 20: Mexico Advanced driving assistance systems market revenue rankings, By Company
List of Tables
Table 1: Autonomous vehicle readiness Index, 2020
Table 2: Mexico Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores)
Table 3: Mexico Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores)
Table 4: Mexico Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores)
Table 5: Mexico Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores)
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