Latin America Automotive Active Safety System Market Size & Outlook
The automotive active safety system market in Latin America is expected to reach a projected revenue of US$ 3,220.6 million by 2030. A compound annual growth rate of 19% is expected of Latin America automotive active safety system market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,018.6
Forecast, 2030 (US$M)
$3,220.6
CAGR, 2024 - 2030
19%
Report Coverage
Latin America
Latin America automotive active safety system market highlights
- The Latin America automotive active safety system market generated a revenue of USD 1,018.6 million in 2023.
- The market is expected to grow at a CAGR of 17.9% from 2024 to 2030.
- In terms of segment, tire-pressure monitoring system was the largest revenue generating type in 2023.
- Tire-pressure Monitoring System is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,018.6 million |
| Market revenue in 2030 | USD 3,220.6 million |
| Growth rate | 17.9% (CAGR from 2024 to 2030) |
| Largest segment | Tire-pressure monitoring system |
| Fastest growing segment | Tire-pressure Monitoring System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire-pressure Monitoring System |
| Key market players worldwide | Infineon Technologies AG, Teledyne FLIR, Denso Corp, Magna International Inc, Valeo SA, Hyundai Mobis, Autoliv Inc, Continental AG, Robert Bosch Engineering & Business Solutions |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global automotive active safety system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,736.4 million by 2030.
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Automotive Active Safety System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Teledyne FLIR | View profile | 1001-5000 | Wilsonville, Oregon, United States, North America | http://www.flir.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Hyundai Mobis | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.mobis.co.kr/kr/index.do |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Autoliv Inc | View profile | 70100 | Klarabergsviadukten 70, P.O. Box 70381, Section B7, Stockholm, Sweden, SE-107 24 | https://www.autoliv.com |
| Valeo SA | View profile | 112740 | 100, rue de Courcelles, Cedex 17, Paris, France, 75017 | https://www.valeo.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
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