Automotive Blind Spot Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

December 2020
142 pages
ID: 5997567
Format: PDF
IMARC Group

Summary

Table of Contents

The global automotive blind spot detection system market grew at a CAGR of around 13% during 2014-2019.

The automotive blind spot detection (BSD) system refers to a sensor-based solution used to identify objects in the periphery of the mirrors or bumper of the vehicle. It consists of various embedded sensors that send out electromagnetic waves or computer-processed images through a digital camera. Some of the commonly used BSD sensors include radar-, ultrasonic- and light detection and ranging (LiDAR)-based sensors. Upon detecting a stationary or moving object, the system generates tactile, audible, vibrating or visual signals to warn the driver. As a result, the system is widely used in passenger cars and light, medium and heavy commercial vehicles.

The growing automotive industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing utilization of innovative tools and systems to minimize the instances of vehicle collisions and accidents is providing a thrust to the market growth. With the growing demand for luxury vehicles, automobile manufacturers are integrating various advanced safety features, such as pedestrian detection and BSD systems, for enhanced object detection and cross-traffic alerts. In line with this, widespread adoption of radar-based BSD systems in commercial vehicles for long, medium and short-range object detection is also favoring the market growth. Additionally, various technological advancements, such as the development of smart mirrors and multicamera systems, are acting as other growth-inducing factors. These systems are usually combined with the existing infotainment screens and use ultrasonic waves that work in extreme weather conditions with high accuracy. Other factors, including the implementation of stringent government policies to enhance road and passenger safety, along with rising expenditure capacities of individuals, are anticipated to drive the market further. Looking forward, the analyst expects the global automotive blind spot detection system market to continue its strong growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global automotive blind spot detection system market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, vehicle type, technology and end user.

Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles

Breakup by Technology:
Radar Sensor
Ultrasonic Sensor
LIDAR Sensor
Others

Breakup by End User:
Original Equipment Manufacturers (OEM)
Aftermarket

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Autoliv Inc., Continental Aktiengesellschaft, Delphi Technologies Plc, DENSO Corporation, Ficosa International S.A. (Panasonic Corporation), Magna International Inc., Mando Corporation, Preco Electronics Inc. (Sensata Technologies), Robert Bosch GmbH, Smart Microwave Sensors GmbH and ZF Friedrichshafen AG (Zeppelin-Stiftung).

Key Questions Answered in This Report:
How has the global automotive blind spot detection system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive blind spot detection system market?
What are the key regional markets?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global automotive blind spot detection system market and who are the key players?
What is the degree of competition in the industry?

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