Informes de Expertos (IDE) latest report, titled “Mercado Latinoamericano de los Sistemas Avanzados de Asistencia al Conductor,Informey Pronóstico 2021-2026”, anticipates that theAdvanced Driver Assistance System (ADAS) market in Latin America will grow at a CAGR of around X% during 2021-2026, owing to the rising preference of people towards vehicles with in-built advanced safety features. Government regulations calling for vehicle safety, technological advancements in automotive electronics ambit and the emergence of autonomous vehicles are some of the crucial factors driving the market growth. Mexico and Brazil are the primary car markets in this region and are therefore, the major investment destinations for key players. However, just like every industry, the growth of advanced driver assistance system market can be hindered by high cost of the systems,lack of adequate infrastructure, such as lack of lane marking and well-organized roads, availability of GPS in many parts, etc.
