The global automotive blind spot detection system market size reached US$ 5.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 14.2 Billion by 2032, exhibiting a growth rate (CAGR) of 11.11% during 2023-2032.
The automotive blind spot detection (BSD) system is a sensor-based technology that assists in controlling the vehicle and promotes passenger safety. It helps detect objects in the periphery of the mirrors or bumper of the vehicles through embedded sensors and digital cameras, which utilize electromagnetic waves or computer-processed images. It generates tactile, audible, vibrating, or visual signals to alert the driver about the presence of obstacles at blind spot areas of the adjacent traffic lanes.
The burgeoning automotive industry represents one of the key factors positively influencing the market. In addition, the increasing number of road accidents and rising safety concerns among individuals about vehicle safety are catalyzing the need for integrating advanced safety technologies in automobiles. In line with this, the growing demand for luxury vehicles is propelling automobile manufacturers to manufacture automobiles equipped with advanced safety features, such as pedestrian detection and BSD systems, which is creating a positive outlook for the market. Additionally, the widespread adoption of radar-based BSD systems in commercial vehicles for long, medium, and short-range object detection is also contributing to the market growth.
Furthermore, technological advancements, such as the introduction of smart mirrors and multicamera systems to provide improved user convenience and safety, are offering a favorable market outlook. These systems are integrated with the existing infotainment screens and use ultrasonic waves that work effectively in adverse weather conditions. Moreover, the implementation of stringent government policies to encourage road and passenger safety is expected to drive the market.
2. What is the expected growth rate of the global automotive blind spot detection system market during 2024-2032?
3. What are the key factors driving the global automotive blind spot detection system market?
4. What has been the impact of COVID-19 on the global automotive blind spot detection system market?
5. What is the breakup of the global automotive blind spot detection system market based on the vehicle type?
6. What is the breakup of the global automotive blind spot detection system market based on the technology?
7. What is the breakup of the global automotive blind spot detection system market based on the end user?
8. What are the key regions in the global automotive blind spot detection system market?
9. Who are the key players/companies in the global automotive blind spot detection system market?
The automotive blind spot detection (BSD) system is a sensor-based technology that assists in controlling the vehicle and promotes passenger safety. It helps detect objects in the periphery of the mirrors or bumper of the vehicles through embedded sensors and digital cameras, which utilize electromagnetic waves or computer-processed images. It generates tactile, audible, vibrating, or visual signals to alert the driver about the presence of obstacles at blind spot areas of the adjacent traffic lanes.
The burgeoning automotive industry represents one of the key factors positively influencing the market. In addition, the increasing number of road accidents and rising safety concerns among individuals about vehicle safety are catalyzing the need for integrating advanced safety technologies in automobiles. In line with this, the growing demand for luxury vehicles is propelling automobile manufacturers to manufacture automobiles equipped with advanced safety features, such as pedestrian detection and BSD systems, which is creating a positive outlook for the market. Additionally, the widespread adoption of radar-based BSD systems in commercial vehicles for long, medium, and short-range object detection is also contributing to the market growth.
Furthermore, technological advancements, such as the introduction of smart mirrors and multicamera systems to provide improved user convenience and safety, are offering a favorable market outlook. These systems are integrated with the existing infotainment screens and use ultrasonic waves that work effectively in adverse weather conditions. Moreover, the implementation of stringent government policies to encourage road and passenger safety is expected to drive the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global automotive blind spot detection system market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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 competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are 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
1. How big is the global automotive blind spot detection system market?2. What is the expected growth rate of the global automotive blind spot detection system market during 2024-2032?
3. What are the key factors driving the global automotive blind spot detection system market?
4. What has been the impact of COVID-19 on the global automotive blind spot detection system market?
5. What is the breakup of the global automotive blind spot detection system market based on the vehicle type?
6. What is the breakup of the global automotive blind spot detection system market based on the technology?
7. What is the breakup of the global automotive blind spot detection system market based on the end user?
8. What are the key regions in the global automotive blind spot detection system market?
9. Who are the key players/companies in the global automotive blind spot detection system market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Blind Spot Detection System Market
6 Market Breakup by Vehicle Type
7 Market Breakup by Technology
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- ZF Friedrichshafen AG (Zeppelin-Stiftung)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 5.5 Billion |
| Forecasted Market Value ( USD | $ 14.2 Billion |
| Compound Annual Growth Rate | 11.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
