Market Overview:
The global blind spot object detection system market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 7,711.4 Mn by 2030, registering a CAGR of 16.5% from 2018 to 2030. The growth of the global blind spot object detection system market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe.
Product Definition:
A Blind Spot Object Detection System is a system that uses sensors to detect objects in a vehicle's blind spot. The system is important because it helps to prevent accidents by warning drivers when there is a car in their blind spot.
Automatic:
Blind spot object detection system is an advanced driver assistance technology that uses multiple radars to detect the presence of an obstacle in a vehicle's blind spot. The system then provides a warning by activation of the hazard lights and/or sound alert.
The global automatic, it's usage and growth factor in Blind Spot Object Detection System market was valued at USD 2,15 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Manual:
The manual is a set of instructions which are used to direct the operations of an automobile. It contains information related to vehicle settings, controls and their functions along with driving safety guidelines. The BLIND SPOT object detection system market uses manual for detecting objects in front and behind the car.
Application Insights:
The commercial vehicles segment held the largest share of over 70.0% in 2017. Blind spot detection systems are integrated into all new commercial and passenger vehicles manufactured since 2014 in Europe, Asia Pacific and North America regions to avoid accidents caused by improper overtaking or changing lanes without ensuring visibility ahead.
Passenger vehicle manufacturers integrate blind spot detection system into their products to offer drivers a layer of safety and ease-of-use, especially while maneuvering in narrow spaces such as parking spaces or along the edge of a road where other systems might not be able to detect an object because of lack of radar signal contact. Furthermore, governments around the world are promoting usage of these systems for increased road safety by enacting laws that make them mandatory for all new manufactured cars after 2014.
The growing awareness about blind spots among consumers is expected to encourage automotive manufacturers from various countries including Japan, Germany, China.
Regional Analysis:
Europe dominated the global blind spot object detection system market in terms of revenue share in 2016. This can be attributed to stringent regulations for road safety and growing adoption of advanced driver assistance systems (ADAS) by automotive manufacturers. Europe is expected to maintain its position during the forecast period owing to increasing R&D investments by governments and private companies, coupled with technological advancements such as high dynamic range imaging technology and LiDAR sensing units.
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to rising disposable income, improving standard of living, increased purchasing power, rapid urbanization along with an increase in vehicle production especially passenger vehicles. The presence of major automobile manufacturing hubs such as China and India are also contributing towards regional growth.
Growth Factors:
- Increasing demand for advanced safety features in automobiles
- Growing awareness about the benefits of blind spot detection systems
- Rising number of road accidents and fatalities globally
- Technological advancements in automotive sensors and blind spot detection systems
- Government regulations mandating installation of blind spot detection systems in vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Blind Spot Object Detection System Market Research Report
By Type
Automatic, Manual
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Robert Bosch, Denso, Continental, Autoliv, Delphi, Magna International, Mercedes, Nissan, Hitachi Automotive Systems, Mobileye, ZF Friedrichshafen
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Blind Spot Object Detection System Market Report Segments:
The global Blind Spot Object Detection System market is segmented on the basis of:
Types
Automatic, Manual
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 Vehicles, Commercial Vehicles
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:
- Robert Bosch
- Denso
- Continental
- Autoliv
- Delphi
- Magna International
- Mercedes
- Nissan
- Hitachi Automotive Systems
- Mobileye
- ZF Friedrichshafen
Highlights of The Blind Spot Object 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:
- Automatic
- Manual
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Blind Spot Object 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?
A Blind Spot Object Detection System (BSODS) is a type of collision avoidance system that uses sensors to detect objects in the blind spot area around a vehicle. When an object is detected, the BSODS will warn the driver and take appropriate action, such as braking or steering.
Some of the major companies in the blind spot object detection system market are Robert Bosch, Denso, Continental, Autoliv, Delphi, Magna International, Mercedes, Nissan, Hitachi Automotive Systems, Mobileye, ZF Friedrichshafen.
The blind spot object detection system market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blind Spot Object 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 Blind Spot Object Detection System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blind Spot Object 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 Blind Spot Object 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 Blind Spot Object Detection System Market Size & Forecast, 2020-2028
4.5.1 Blind Spot Object Detection System Market Size and Y-o-Y Growth
4.5.2 Blind Spot Object 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 Automatic
5.2.2 Manual
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 Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blind Spot Object 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 Blind Spot Object 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 Automatic
9.6.2 Manual
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 Vehicles
9.10.2 Commercial Vehicles
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 Automatic
10.6.2 Manual
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 Vehicles
10.10.2 Commercial Vehicles
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 Automatic
11.6.2 Manual
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 Vehicles
11.10.2 Commercial Vehicles
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 Automatic
12.6.2 Manual
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 Vehicles
12.10.2 Commercial Vehicles
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 Automatic
13.6.2 Manual
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 Vehicles
13.10.2 Commercial Vehicles
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 Blind Spot Object Detection System Market: Competitive Dashboard
14.2 Global Blind Spot Object Detection System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Denso
14.3.3 Continental
14.3.4 Autoliv
14.3.5 Delphi
14.3.6 Magna International
14.3.7 Mercedes
14.3.8 Nissan
14.3.9 Hitachi Automotive Systems
14.3.10 Mobileye
14.3.11 ZF Friedrichshafen
