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Asia Pacific Automotive Blind Spot Detection System Market Size, Share & Trends Analysis Report By Propulsion Type, By Technology (Radar, Camera, and Ultrasonic), By Vehicle Type (Passenger Cars, and Commercial Vehicles), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 154 Pages
  • August 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004244
The Asia Pacific Automotive Blind Spot Detection System Market would witness market growth of 10.8% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Automotive Blind Spot Detection System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $669.8 Million by 2031. The Japan market is registering a CAGR of 10.2% during 2024-2031. Additionally, the India market would showcase a CAGR of 11.5% during 2024-2031.



Automakers are partnering with specialized technology providers and suppliers to develop and integrate BSD systems. These collaborations drive innovation and accelerate the adoption of BSD systems by leveraging the expertise of technology companies. In addition, government regulations and safety standards encourage the adoption of BSD systems. Regulatory mandates in regions with stringent safety requirements drive automakers to include BSD systems in their vehicles to comply with safety regulations.

Moreover, commercial fleet operators are adopting BSD systems to enhance safety and reduce operational risks. Using BSD systems in fleet vehicles helps mitigate blind spot-related accidents and lowers insurance costs, making it a valuable investment for fleet managers. Increasing awareness among consumers about the benefits of BSD systems is driving adoption. Educational campaigns and marketing efforts highlight the advantages of these systems in preventing accidents and improving road safety.

The development of autonomous vehicles in China drives demand for advanced sensor technologies, including those used in BSD systems. Autonomous vehicles require highly accurate detection systems to ensure safety, boosting the market for sophisticated BSD solutions. According to the International Trade Administration (ITA), by 2025, partial and conditional automation vehicles are expected to account for over 50% of new vehicle sales in China. The Chinese government has also set certain goals for the ICV industry by 2030. As China advances its autonomous vehicle industry, new regulations and standards are introduced to ensure vehicle safety. These regulations often mandate the inclusion of BSD systems in autonomous vehicles, driving their adoption in the market. The rise in road accidents has prompted the Indian government to implement stricter road safety measures and initiatives. This includes pushing for adopting advanced safety technologies like BSD systems to reduce accident rates and enhance vehicle safety. These accidents resulted in 1,68,491 fatalities and 4,43,366 injuries. This represents an 11.9% increase in accidents, a 9.4% increase in fatalities, and a 15.3% increase in injuries compared with the previous year. In conclusion, the rising autonomous vehicle industry and increasing road accidents in the region drive the market’s growth.

List of Key Companies Profiled

  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • ZF Friedrichshafen AG
  • Valeo SA
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Mercedes-Benz Group AG
  • Magna International, Inc.
  • Intel Corporation
  • Forvia SE
  • Aptiv PLC
  • Autoliv, Inc.

Market Report Segmentation

By Propulsion Type

  • ICE
  • Electric

By Technology

  • Radar
  • Camera
  • Ultrasonic

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Blind Spot Detection System Market, by Propulsion Type
1.4.2 Asia Pacific Automotive Blind Spot Detection System Market, by Technology
1.4.3 Asia Pacific Automotive Blind Spot Detection System Market, by Vehicle Type
1.4.4 Asia Pacific Automotive Blind Spot Detection System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.2.5 Trials and Approvals
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Dec - 2024, Mar) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type
5.1 Asia Pacific ICE Market by Country
5.2 Asia Pacific Electric Market by Country
Chapter 6. Asia Pacific Automotive Blind Spot Detection System Market by Technology
6.1 Asia Pacific Radar Market by Country
6.2 Asia Pacific Camera Market by Country
6.3 Asia Pacific Ultrasonic Market by Country
Chapter 7. Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type
7.1 Asia Pacific Passenger Cars Market by Country
7.2 Asia Pacific Commercial Vehicles Market by Country
Chapter 8. Asia Pacific Automotive Blind Spot Detection System Market by Country
8.1 China Automotive Blind Spot Detection System Market
8.1.1 China Automotive Blind Spot Detection System Market by Propulsion Type
8.1.2 China Automotive Blind Spot Detection System Market by Technology
8.1.3 China Automotive Blind Spot Detection System Market by Vehicle Type
8.2 Japan Automotive Blind Spot Detection System Market
8.2.1 Japan Automotive Blind Spot Detection System Market by Propulsion Type
8.2.2 Japan Automotive Blind Spot Detection System Market by Technology
8.2.3 Japan Automotive Blind Spot Detection System Market by Vehicle Type
8.3 India Automotive Blind Spot Detection System Market
8.3.1 India Automotive Blind Spot Detection System Market by Propulsion Type
8.3.2 India Automotive Blind Spot Detection System Market by Technology
8.3.3 India Automotive Blind Spot Detection System Market by Vehicle Type
8.4 South Korea Automotive Blind Spot Detection System Market
8.4.1 South Korea Automotive Blind Spot Detection System Market by Propulsion Type
8.4.2 South Korea Automotive Blind Spot Detection System Market by Technology
8.4.3 South Korea Automotive Blind Spot Detection System Market by Vehicle Type
8.5 Singapore Automotive Blind Spot Detection System Market
8.5.1 Singapore Automotive Blind Spot Detection System Market by Propulsion Type
8.5.2 Singapore Automotive Blind Spot Detection System Market by Technology
8.5.3 Singapore Automotive Blind Spot Detection System Market by Vehicle Type
8.6 Malaysia Automotive Blind Spot Detection System Market
8.6.1 Malaysia Automotive Blind Spot Detection System Market by Propulsion Type
8.6.2 Malaysia Automotive Blind Spot Detection System Market by Technology
8.6.3 Malaysia Automotive Blind Spot Detection System Market by Vehicle Type
8.7 Rest of Asia Pacific Automotive Blind Spot Detection System Market
8.7.1 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type
8.7.2 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Technology
8.7.3 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type
Chapter 9. Company Profiles
9.1 Robert Bosch GmbH
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments
9.1.5.1 Partnerships, Collaborations, and Agreements
9.1.6 SWOT Analysis
9.2 Continental AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments
9.2.5.1 Product Launches and Product Expansions
9.2.6 SWOT Analysis
9.3 Denso Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments
9.3.5.1 Partnerships, Collaborations, and Agreements
9.3.6 SWOT Analysis
9.4 ZF Friedrichshafen AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments
9.4.5.1 Product Launches and Product Expansions
9.4.6 SWOT Analysis
9.5 Valeo SA
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments
9.5.5.1 Partnerships, Collaborations, and Agreements
9.5.5.2 Geographical Expansions
9.5.6 SWOT Analysis
9.6 Infineon Technologies AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 NXP Semiconductors N.V.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments
9.7.5.1 Product Launches and Product Expansions
9.7.6 SWOT Analysis
9.8 Magna International, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments
9.8.5.1 Acquisition and Mergers
9.8.6 SWOT Analysis
9.9 Forvia SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 SWOT Analysis
9.10. Mercedes-Benz Group AG
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments
9.10.5.1 Trials and Approvals
9.10.6 SWOT Analysis
9.11 Intel Corporation
9.11.1 Company Overview
9.11.2 Financial Analysis
9.11.3 Segmental and Regional Analysis
9.11.4 Research & Development Expenses
9.11.5 Recent strategies and developments
9.11.5.1 Mergers and Acquisitions
9.11.6 SWOT Analysis
9.12 Aptiv PLC
9.12.1 Company Overview
9.12.2 Financial Analysis
9.12.3 Segmental and Regional Analysis
9.12.4 Research & Development Expense
9.12.5 SWOT Analysis
9.13 Autoliv, Inc.
9.13.1 Company Overview
9.13.2 Financial Analysis
9.13.3 Regional Analysis
9.13.4 Research & Development Expense
9.13.5 SWOT Analysis

Companies Mentioned

  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • ZF Friedrichshafen AG
  • Valeo SA
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Mercedes-Benz Group AG
  • Magna International, Inc.
  • Intel Corporation
  • Forvia SE
  • Aptiv PLC
  • Autoliv, Inc.

Methodology

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