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    Automotive Blind Spot Detection System Market Report

    Automotive Blind Spot Detection System Market Report
    Report code - SRTI115 Delivery - 2 Weeks
    Automotive Blind Spot Detection System Market Size, Share, Trend, Forecast, & Competit See more...

    Market Insights

    The automotive blind spot detection system market was estimated to reach USD 3.0 billion by 2022 at a CAGR of 12.4% during the forecast period.

    Market Size

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    What is an automotive blind spot detection system?

    An Automotive Blind Spot Detection System is a vehicle safety device that helps drivers identify and monitor vehicles or objects in their blind areas. Blind spots are places around the vehicle that the driver cannot see immediately through the side and rearview mirrors.

    The blind spot detection system employs a variety of sensors, often radar or ultrasonic sensors mounted on the vehicle's sides or rear. These sensors send out signals that detect any objects or cars in the vicinity of the car. When another vehicle approaches the blind spot region, the system alerts the driver visually or audibly, indicating the presence of a vehicle in the next lane.

    Automotive Blind Spot Detection System Market Report Overview

    Market Size in 2022

    USD 3.0 Billion

    Market Growth (2017-2022)

    CAGR of 12.4%

    Base Year of Study

    2017

    Trend Period

    2015-2017

    Forecast Period

    2017-2022

    Market Dynamics

    The market is driven by a host of factors, some of which are noted below:

    • Increased demand for safety solutions
    • The introduction of more stringent government programs
    • Advancements in technology
    • The increasing production of luxury vehicles

    Segment Analysis

    By Vehicle Trends

    The market is segmented based on vehicle type: passenger cars, light commercial vehicles, and medium & heavy-duty commercial vehicles. The passenger car segment dominated the market in 2017 & is expected to remain the largest blind spot detection market over the next five years. The vehicle type is also projected to witness the fastest growth in the same period.

    Increasing demand for active safety systems including blind spot detection in luxury cars is driving the vehicle segment. All major luxury car manufacturers, such as BMW, Mercedes-Benz, and Audi are incorporating a higher amount of advanced safety features including blind spot detection in their models.

    By Technology Trends

    The market is segmented into radar, ultrasonic, LIDAR, and other sensors. The radar sensor occupied a significant share of the market in 2017 & is expected to remain the perennial choice of the sensor in the global automotive blind spot detection system during the forecast period and is also projected to witness the fastest growth in the same period.

    Radar provides 360-degree coverage around the car, hence, making it the most effective sensor for the blind spot detection system.

    By End-User Trends

    The OEM segment accounted for the highest share of the market in 2017 & is expected to remain the largest end-user type in the global automotive blind spot detection system market over the next five years.

    This end-user type currently holds more than 90% of the global market in 2016. OEM is expected to remain active as a growth engine of the global automotive blind spot detection market, driven by high demand for BSD systems in luxury vehicles.

    Regional Insights

    Europe and North America are the biggest markets for automotive blind spot detection systems as both are the homes of major blind spot detection system manufacturers and manufacturing capitals of luxury cars.

    Additionally, the introduction of more stringent programs, such as The United States New Car Assessment Program (US NCAP) is supporting the demand for advanced safety features in automobiles including blind spot detection.

    Asia-Pacific is projected to witness the fastest growth during the forecast period, driven by Japan, China, and India. Increasing the production of luxury vehicles and improving safety standards and measures taken by the government to mitigate road accidents would continue driving the demand for blind spot detection in the region.

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented in the following ways:

    By Vehicle Type:

    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Duty Commercial Vehicle 

    By Technology Type:

    • Radar Sensor 
    • Ultrasonic Sensor 
    • LIDAR Sensor
    • Other Sensors

    By End-User Type:

    • OME
    • Aftermarket

    By Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Brazil, Argentina, and Others)

    Segmentation Analysis

    Want to get more details about the segmentations, Click here.

    Key Players

    Some of the dominant players in global automotive blind spot detection system market are-

    • Continental AG
    • Denso Corporation
    • Robert Bosch
    • Delphi Automotive
    • Autoliv Inc.

    Other manufacturers include-

    • ZF TRW
    • Xiamen Autostar Electronics
    • Auto-i Corp
    • Valeo S.A.
    • Ficosa International
    • Preco Electronics.

    New product development, advancement in technology, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points.

    Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report, from Stratview Research, studies the blind spot detection system market in the global automotive industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the automotive blind spot detection system market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

    Report Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the vehicle types by technology type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    An Automotive Blind Spot Detection System is a vehicle safety device that helps drivers identify and monitor vehicles or objects in their blind areas. Blind spots are places around the vehicle that the driver cannot see immediately through the side and rearview mirrors.

    The market is estimated to reach USD 3.0 billion by 2022.

    The passenger car segment is expected to remain the largest blind spot detection market in the coming years.

    The market is estimated to grow at a CAGR of 12.4% during the forecast period.

    Continental AG, Denso Corporation, Robert Bosch, Delphi Automotive, and Autoliv Inc. are among the key players in the market.

    Europe and North America are the biggest markets for automotive blind spot detection systems as both are the homes of major blind spot detection system manufacturers and manufacturing capitals of luxury cars.

    Increased demand for safety solutions, the introduction of more stringent government programs, advancement in technology, and increasing production of luxury vehicles are the factors driving the growth of automotive blind spot detection system market.

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