Latin America Self-driving Car Market 2022 Industry Growth and Segmentation

The study offers in-depth regional analysis of market scenarios, by analyzing previous trends and covering future forecast. It also offers an in-depth analysis of major driving factors, segments, regions & countries and key players in the market. Moreover, the report outlines the competitive scenarios across different geographies, along with some key market strategies such as mergers and acquisitions, new product developments, R&D activities and more.

The Latin America self-driving car market is expected to expand at a CAGR of 28.5%, leading to global revenue of USD 3.75 Bn by 2024.

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It is expected that the self-driving car would reduce car crash by 90%.

A self-driving car, also known as the driverless car or an autonomous car or robotic car uses a combination of cameras, radars sensor, GPS system and artificial intelligence (AI) to travel between destinations without the need of any human drivers. To quantify self-driving cars must be able to drive to a predetermined destination without human conduction.

Latin America self-driving car market is further segmented based on applications, automation, and technological components. The segment applications are further categorized into personal use and commercial use. Initially, self-driving cars will be owned personally. The region is showing a great interest towards autonomous driving technologies. Approximately half of the people surveyed believe that autonomous vehicles will improve the mobility in the city.

Based on automation, the self-driving automation levels are categorized into semi-autonomous and full autonomous. Semi-autonomous cars are dominating the automation segment. However the, car-manufacturers targets to introduce full autonomous cars by 2020. The region has enormous potential for advanced driver assistance i.e. level 1 automation. Latin American market is very enthusiastic to own an electric vehicle. This would help the car manufacturers of the region to progress in their level of automation.

The self-driving car market is segmented based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor, and GPS navigation system. Radar-based driver assistance systems are already being used right now. As of now, these have been used for adaptive cruise control, collision warning systems, blind-spot monitoring, lane-change assistance, rear cross-traffic alerts and backup parking assistance.
The key players in the Latin American self-driving car market are Apple, Microsoft, Toyota, Nissan and General Motors.

The key players in the Latin American self-driving car market are Apple, Microsoft, Toyota, Nissan and General Motors.

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Based on the countries, the self-driving car market is divided into Brazil, Argentina and the rest of LATAM. Autonomous cars have its highest presence in Brazil because the state has a robust connective infrastructure. Around 90% of the cities have 4G coverage. The citizens are also keenly interested in autonomous vehicle technology as their disposable income is increasing at a fast pace.

Key growth factors

Latin America can speed up the adoption of autonomous vehicles if proper measures are taken into consideration. According to a survey conducted by an automotive company, more than half of the surveyed population have favorable opinion about autonomous cars.

In Latin America, car manufacturer Nissan has announced to introduce 100% electric, zero-emission car called Nissan LEAF. Nissan plans to sell the cars in Argentina, Brazil, Chile, Colombia and Costa Rica by 2019

Threats and key players

Factors that may restrain the adoption of self-driving cars are regulation, poor infrastructure, i.e. poor road quality and less number of active AV test.

Whats covered in the report?

Overview of the Latin America self-driving car market
Market drivers and challenges in the Latin America self-driving car market
Market trends in the Latin America self-driving car market
Historical, current and forecasted market size data for the Latin America self-driving car market
Historical, current and forecasted market size data for the applications of cars in Latin America self-driving car market (personal use and commercial use)
Historical, current and forecasted market size data for the automation level in the Latin America self-driving car market (semi-automation and fully-automation)
Historical, current and forecasted market size data for the technological components in the Latin America self-driving car market (radar sensors, video cameras, lidar sensors, ultrasound sensors and GPS navigation systems)
Historical, current and forecasted countries (Brazil, Argentina, and rest of LATAM) market size data for the Latin America self-driving car market
Analysis of the competitive landscape and profiles of major companies operating in the market
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Why buy?

To gain insightful analysis of the entire market and have a comprehensive understanding of the Latin America self-driving car market
To understand the growth drivers and challenges in the self-driving cars market and its impact on the Latin America scenario
To analyze the market potential, drivers, latest market trends, opportunities, challenges, self-driving cars market threats and risks
Identify major competitors, market dynamics and respond accordingly
Devise market-entry strategies by understanding the factors driving the growth of the market
Get stakeholder and technology analysis, relevant Companies profiles and start-up profiles
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

By Geography

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and the Rest of Asia Pacific)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
North America (U.S. & Canada)
North America garnered a substantial market share in the Latin America Self-driving Car Market, due to growing demand for Latin America Self-driving Car Market products, and rising disposable income, followed by Latin America, Europe, and the Middle East & Africa respectively.

Presently, the Asia Pacific region conquers the Latin America Self-driving Car Market.

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List of Factors Covered in the Report are:

Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.

List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter's five forces analysis, feasibility studies, SWOT analysis, and ROI analyses, are put to use to examine the development of the major market players.

COVID-19 - Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout. A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.

The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

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