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

Argentina Advanced Driving Assistance Systems (ADAS) Market Synopsis

The Argentina Advanced Driving Assistance Systems (ADAS) Market is projected to grow during the forecast period. The increasing demand for ADAS systems in the region is attributed to the rise in population and urbanization, as well as an increase in commercial vehicle fleet sizes. The market is driven by the growing adoption of advanced driving assistance systems (ADAS) in the country, as well as increasing demand for these technologies across all segments. In addition, increased government spending on road safety and infrastructure development is also contributing to the growth of the market. North America is also expected to grow at a significant pace during the forecast period, due to rising levels of technological advancement and increasing adoption of these products by commercial entities. Rising concerns over road safety and increased investments by governments in infrastructure development are key factors contributing to this growth. The Argentina Advanced Driving Assistance Systems (ADAS) Market is a part of Latin America advanced driving assistance systems market and global advanced driving assistance systems market.

According to 6Wresearch, the Argentina Advanced Driving Assistance Systems (ADAS) Market size is likely to witness growth during 2022-2028. The major drivers of the market include government initiatives such as Vision 2020 and the regulations pertaining to autonomous vehicles, which are expected to drive demand for ADAS systems across various applications. In addition, increased use of smartphones and sensors is also boosting the adoption of ADAS technologies by consumers. The growing popularity of advanced safety features offered by these systems is further propelling the growth of the ADAS market in Argentina. Additionally, the advancement of driving assistance systems has led to an increase in the demand for these products. This is expected to support the growth of the market during the forecast period. However, there are several challenges that businesses operating in this market must contend with. These include lack of awareness among consumers about benefits and features of advanced driving assistance systems, stringent safety regulations, and a high price point.

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. Further, the major factors contributing to this growth include increasing demand from the luxury segment and increased focus on pedestrian safety. The market for advanced driving assistance systems is also benefitting from technological advancements, such as artificial intelligence (AI). Additionally, the increasing demand for ADAS across various commercial sectors such as transportation, insurance, retail, and others is fuelling the growth of the Argentina ADAS market. Furthermore, the stringent regulatory norms governing automotive safety are also boosting the adoption of ADAS across various segments in Argentina. However, factors such as incorrect sensor calibration and inadequate deployment infrastructure are restraining the growth of the Argentina ADAS Market.

Market Analysis By Competitive Landscape

With the increasing popularity of advanced driving assistance systems (ADAS) among drivers and manufacturers in Argentina, the market for ADAS is expected to grow over the next five years. This growth is mainly due to the rising demand for autonomous vehicles (AVs), which are being adopted by companies as a mode of transportation. The market for ADAS in Argentina is segmented on the basis of function into navigation, lane keeping assistance, Traffic Jam Assistant, and pedestrian detection.

COVID-19 Influence on the Argentina Advanced Driving Assistance Systems (ADAS) 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 automotive sector in Argentina is strong and it is one of the oldest in South America. The country has a well-developed infrastructure, including world-class ports and highways, and its skilled labor force makes it an attractive market for automotive manufacturers. These factors implies that despite the negative impact of pandemic, the market has tremondous growth potential.

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 Attractiveness of the Report

• Argentina Advanced Driving Assistance Systems (ADAS) Market Overview
• Argentina Advanced Driving Assistance Systems (ADAS) Market Outlook
• Argentina Advanced Driving Assistance Systems (ADAS) Market Forecast
• Forecast of Argentina Advanced Driving Assistance Systems (ADAS) Market Revenues, for the Period 2021-2028F
• Forecast of Argentina Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
• Forecast of Argentina Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
• Forecast of Argentina Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
• Forecast of Argentina Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
• Argentina Advanced Driving Assistance Market Share, By Market Players
• Market Drivers and Restraints
• Argentina 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

Argentina Advanced Driving Assistance Systems (ADAS) Market: FAQs