South America Advanced Driver Assistance systems (ADAS) Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Sensor Type (Image Sensor, LiDAR, Radar Sensor, Ultrasonic Sensor, and Infrared Sensor), Technology Type (Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others), and Vehicle Type (Passenger Car, LCV, and HCV)
The South America advanced driver assistance systems (ADAS) market is expected to grow from US$ 1,664.40 million in 2022 to US$ 4,227.74 million by 2028; it is estimated to grow at a CAGR of 16.8% from 2022 to 2028.
The most accurate technique for embedded vision to collect a visual representation of the region is through cameras. Autonomous vehicles include cameras on all four sides – front, back, left, and right. These photos are combined to provide a 360-degree perspective of their surroundings. Wide-angle lenses with a lesser range are available on certain cameras, while others have a narrower perspective capable of long-range views. Fish-eye cameras offer panoramic views and are frequently used to assist vehicles with parking. Vehicle manufacturers frequently utilize several CMOS imaging sensors to create photos with resolutions ranging from 1 to 2 megapixels; most use relatively affordable 2D cameras, but some also include 3D cameras. To provide a good image in all situations, including bright sunshine, embedded vision systems require sensors with a large dynamic range of more than 130 dB. Automotive vision systems are becoming increasingly important for identifying and tracking potential hazards. These systems offer the data needed to enable an expanding number of services, such as automated parallel parking or traffic sign recognition for speed-change warning, in addition to supplying crucial input for high-level warning functions such as lane drift or unobserved traffic. Driver monitoring systems rely on vision systems to detect when a driver's attention begins to wander due to tiredness or distraction. Traditional problems in developing these systems have all but vanished because of the advent of specialist computer-vision software, hardware, and development tools. For example, the Avnet Blackfin Embedded Vision Starter Kit contains an evaluation board with Analog Devices' specialist BF609 Blackfin vision processor, a camera, and peripherals, as well as developing software and debug tools. These all advantages of embedded vision systems will propel the growth of the Advanced Driver Assistance Systems (ADAS) market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America advanced driver assistance systems (ADAS) market at a good CAGR during the forecast period.
South America Advanced Driver Assistance Systems (ADAS) Market Revenue and Forecast to 2028 (US$ Million )
South America Advanced Driver Assistance Systems (ADAS) Market Segmentation
The South America advanced driver assistance systems (ADAS) market is segmented based on sensor type, technology, vehicle, and country. Based on sensor, the South America advanced driver assistance systems (ADAS) market is segmented into image sensor, LiDAR, radar sensor, ultrasonic sensor, and infrared sensor. The ultrasonic sensor segment is dominating the market in 2022. Based on technology, the South America advanced driver assistance systems (ADAS) market is categorized into adaptive front light, blind spot detection, electronic brake assist, drowsiness-monitoring system, lane departure warning, head-up display, night vision system, park assist, E-call telematics, tire pressure-monitoring system, and others. The blind spot detection segment is dominating the market in 2022. Based on vehicle, the South America advanced driver assistance systems (ADAS) market is categorized into passenger car, LCV, and HCV. The passenger car segment is dominating the South America advanced driver assistance systems (ADAS) market in 2022. Based on country, the South America advanced driver assistance systems (ADAS) market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of South America. South Africa would dominate the South America advanced driver assistance systems (ADAS) market in 2022.
A few key players operating in the South America Advanced driver assistance systems (ADAS) market include Aptiv PLC; Continental AG; Cypress Semiconductor Corporation; Denso Corporation; First Sensor AG; Harman International; Hitachi, Ltd.; NXP Semiconductors; Robert Bosch GmbH; and ZF Friedrichshafen AG by Altair.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM advanced driver assistance systems (ADAS) market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM advanced driver assistance systems (ADAS) market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the SAM advanced driver assistance systems (ADAS) market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook