Market Overview:
The global automotive blind spot detection system market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 10.4% over the forecast period (2018–2030) to reach a value of US$ 5,711.5 Mn by 2030. The growth of the global automotive blind spot detection system market can be attributed to various factors such as increasing demand for passenger cars and commercial vehicles, rising awareness about safety features in automobiles among consumers, and technological advancements in automotive blind spot detection systems. In terms of type, the radar sensor segment is expected to account for a major share of the global automotive blind spot detection system market during the forecast period owing to its high accuracy and reliability as compared to other types of sensors such as ultrasonic sensor and LIDAR sensor.
Product Definition:
An automotive blind spot detection system is a technology that aids a driver in detecting vehicles located in the driver's blind spot. Blind spots are areas around a vehicle that cannot be directly seen by the driver, typically due to the vehicle's size or position on the road. Automotive blind spot detection systems use sensors such as radar or cameras to detect other vehicles in these areas and provide an indication to the driver. This can be done through an audible warning, visual indicator, or both.
The importance of automotive blind spot detection systems lies in their ability to help drivers avoid collisions with other vehicles they may not have otherwise been able to see. By providing an early warning of other cars' presence, drivers can take appropriate action and avoid accidents. Additionally, many states now require some form of automotive blind spot detection system in new passenger cars sold within their borders.
Radar Sensor:
Radar sensor is a device that uses radio waves to detect objects. The radar sensor used in the automotive blind spot detection system works on the principle of reflected wave. It creates an image of the area around the vehicle using transmitted wave and received reflection from nearby object. This method helps in detecting vehicles, pedestrians, animals or other obstacles that are near to vehicle but out of view for human eye.
Ultrasonic Sensor:
Ultrasonic sensors are used in automotive blind spot detection system to detect the presence of a vehicle in an adjacent lane by generating ultrasonic pulses and measuring time between the pulse's transmission and reception.
These systems work on the principle of sound waves. A transducer is used to send and receive ultrasonic pulses, which are then converted into electrical signals that are processed by a computer for detecting objects or people.
Application Insights:
The passenger car segment held the largest share of over 70.0% in 2017. The blind spot detection system in a passenger car alerts the driver about the presence of another vehicle in an adjacent lane by generating an acoustic signal and displaying a warning indicator on the dashboard. Such systems are mandatory for all new cars sold in various countries across Europe, Asia Pacific and North America to avoid accidents caused by improper execution of turns or failure to see vehicles approaching from behind until it is too late to react safely.
The commercial vehicle segment is expected to register notable growth over the forecast period owing to increased adoption of blind spot detection systems among other safety features such as lane departure warning system (LDWS) and rearview camera, which are standard equipment for most heavy commercial vehicles these days.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to stringent regulations by the government agencies, such as National Highway Traffic Safety Administration (NHTSA), and Department of Transportation (DOT). Moreover, increasing road accidents are also one of the major factors driving regional growth. According to a study conducted by WHO, in 2015 around 1.3 million people died due to road traffic injuries in North America region alone.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income and growing automotive industry across countries like China and India.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for safety features in vehicles
- Government regulations for vehicle safety
- Rising incidences of accidents and fatalities due to blind spots
- Technological advancements in automotive blind spot detection systems
- Growing demand for luxury and premium cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Blind Spot Detection System Market Research Report
By Type
Radar Sensor, Ultrasonic Sensor, LIDAR Sensor, Others
By Application
Passenger Car, Commercial Vehicle
By Companies
Continental AG, Denso Corporation, Robert Bosch GmbH, Ficosa International, Delphi Automotive Plc, Valeo S.A., ZF TRW, Autoliv Inc., Preco Electronics, Xiamen Autostar Electronics Co., Ltd., Continental AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Blind Spot Detection System Market Report Segments:
The global Automotive Blind Spot Detection System market is segmented on the basis of:
Types
Radar Sensor, Ultrasonic Sensor, LIDAR Sensor, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental AG
- Denso Corporation
- Robert Bosch GmbH
- Ficosa International
- Delphi Automotive Plc
- Valeo S.A.
- ZF TRW
- Autoliv Inc.
- Preco Electronics
- Xiamen Autostar Electronics Co., Ltd.
- Continental AG
Highlights of The Automotive Blind Spot Detection System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radar Sensor
- Ultrasonic Sensor
- LIDAR Sensor
- Others
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Blind Spot Detection System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive blind spot detection system (BSD) is a safety technology that uses sensors to detect objects in the vehicle's blind spots. When an object is detected, the BSD system alerts the driver and provides instructions on how to avoid or safely negotiate the object.
Some of the major companies in the automotive blind spot detection system market are Continental AG, Denso Corporation, Robert Bosch GmbH, Ficosa International, Delphi Automotive Plc, Valeo S.A., ZF TRW, Autoliv Inc., Preco Electronics, Xiamen Autostar Electronics Co., Ltd., Continental AG.
The automotive blind spot detection system market is expected to register a CAGR of 10.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Blind Spot Detection System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Blind Spot Detection System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Blind Spot Detection System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Blind Spot Detection System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Blind Spot Detection System Market Size & Forecast, 2020-2028
4.5.1 Automotive Blind Spot Detection System Market Size and Y-o-Y Growth
4.5.2 Automotive Blind Spot Detection System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Radar Sensor
5.2.2 Ultrasonic Sensor
5.2.3 LIDAR Sensor
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Blind Spot Detection System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Blind Spot Detection System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Radar Sensor
9.6.2 Ultrasonic Sensor
9.6.3 LIDAR Sensor
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Radar Sensor
10.6.2 Ultrasonic Sensor
10.6.3 LIDAR Sensor
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Radar Sensor
11.6.2 Ultrasonic Sensor
11.6.3 LIDAR Sensor
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Radar Sensor
12.6.2 Ultrasonic Sensor
12.6.3 LIDAR Sensor
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Radar Sensor
13.6.2 Ultrasonic Sensor
13.6.3 LIDAR Sensor
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Blind Spot Detection System Market: Competitive Dashboard
14.2 Global Automotive Blind Spot Detection System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental AG
14.3.2 Denso Corporation
14.3.3 Robert Bosch GmbH
14.3.4 Ficosa International
14.3.5 Delphi Automotive Plc
14.3.6 Valeo S.A.
14.3.7 ZF TRW
14.3.8 Autoliv Inc.
14.3.9 Preco Electronics
14.3.10 Xiamen Autostar Electronics Co., Ltd.
14.3.11 Continental AG
