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LAMEA 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: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004112
The Latin America, Middle East and Africa Automotive Blind Spot Detection System Market would witness market growth of 12.1% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA 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 $121.9 Million by 2031. The Argentina market is showcasing a CAGR of 12.8% during 2024-2031. Additionally, the UAE market would register a CAGR of 11.1% during 2024-2031.



Several key trends are shaping the automotive blind spot detection system market. BSD systems are increasingly integrating with other ADAS features, such as adaptive cruise control, automatic emergency braking, and lane-keeping assist. This integration provides a more comprehensive safety package and enhances overall vehicle safety. As electric and autonomous vehicles become more prevalent, BSD systems are evolving to meet the unique requirements of these vehicles. For instance, BSD systems in autonomous vehicles are designed to work with self-driving algorithms to enhance situational awareness.

Likewise, artificial intelligence (AI) and machine learning are implemented in BSD systems to enhance precision and mitigate false positives. AI algorithms analyze driving patterns and environmental data to make more intelligent and context-aware decisions about blind spot alerts. The adoption of vehicle-to-everything (V2X) communication is expanding BSD system capabilities. This connectivity allows vehicles to share information and infrastructure, improving the system’s ability to detect and respond to potential hazards beyond the immediate vicinity.

Increased investment in Brazil’s automotive industry leads to expanding manufacturing facilities. This growth includes producing vehicles with advanced safety features such as BSD systems, boosting their market presence. Investment in the automotive sector encourages the development of local BSD system suppliers and manufacturers in Brazil. This local production helps reduce dependency on imports, lowers costs, and makes BSD systems more accessible. This requirement drives up demand for BSD systems, as automakers must comply with these regulations. As per the Government of UAE, the Traffic and Patrols Directorate in Abu Dhabi introduced a road safety management plan to reduce traffic accident fatalities to 3 percent per 100,000 residents by 2021. This road safety initiative includes a comprehensive framework for accident prevention, incorporating four key elements: enforcement, education, engineering, and emergency medical services. The UAE’s road safety regulations may address urban and highway safety concerns. BSD systems, valuable in preventing accidents in both driving environments, have become a key component in addressing these safety concerns. Thus, increasing investment in the automotive industry and rising road safety regulations 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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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 LAMEA Automotive Blind Spot Detection System Market, by Propulsion Type
1.4.2 LAMEA Automotive Blind Spot Detection System Market, by Technology
1.4.3 LAMEA Automotive Blind Spot Detection System Market, by Vehicle Type
1.4.4 LAMEA 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. LAMEA Automotive Blind Spot Detection System Market by Propulsion Type
5.1 LAMEA ICE Market by Country
5.2 LAMEA Electric Market by Country
Chapter 6. LAMEA Automotive Blind Spot Detection System Market by Technology
6.1 LAMEA Radar Market by Country
6.2 LAMEA Camera Market by Country
6.3 LAMEA Ultrasonic Market by Country
Chapter 7. LAMEA Automotive Blind Spot Detection System Market by Vehicle Type
7.1 LAMEA Passenger Cars Market by Country
7.2 LAMEA Commercial Vehicles Market by Country
Chapter 8. LAMEA Automotive Blind Spot Detection System Market by Country
8.1 Brazil Automotive Blind Spot Detection System Market
8.1.1 Brazil Automotive Blind Spot Detection System Market by Propulsion Type
8.1.2 Brazil Automotive Blind Spot Detection System Market by Technology
8.1.3 Brazil Automotive Blind Spot Detection System Market by Vehicle Type
8.2 Argentina Automotive Blind Spot Detection System Market
8.2.1 Argentina Automotive Blind Spot Detection System Market by Propulsion Type
8.2.2 Argentina Automotive Blind Spot Detection System Market by Technology
8.2.3 Argentina Automotive Blind Spot Detection System Market by Vehicle Type
8.3 UAE Automotive Blind Spot Detection System Market
8.3.1 UAE Automotive Blind Spot Detection System Market by Propulsion Type
8.3.2 UAE Automotive Blind Spot Detection System Market by Technology
8.3.3 UAE Automotive Blind Spot Detection System Market by Vehicle Type
8.4 Saudi Arabia Automotive Blind Spot Detection System Market
8.4.1 Saudi Arabia Automotive Blind Spot Detection System Market by Propulsion Type
8.4.2 Saudi Arabia Automotive Blind Spot Detection System Market by Technology
8.4.3 Saudi Arabia Automotive Blind Spot Detection System Market by Vehicle Type
8.5 South Africa Automotive Blind Spot Detection System Market
8.5.1 South Africa Automotive Blind Spot Detection System Market by Propulsion Type
8.5.2 South Africa Automotive Blind Spot Detection System Market by Technology
8.5.3 South Africa Automotive Blind Spot Detection System Market by Vehicle Type
8.6 Nigeria Automotive Blind Spot Detection System Market
8.6.1 Nigeria Automotive Blind Spot Detection System Market by Propulsion Type
8.6.2 Nigeria Automotive Blind Spot Detection System Market by Technology
8.6.3 Nigeria Automotive Blind Spot Detection System Market by Vehicle Type
8.7 Rest of LAMEA Automotive Blind Spot Detection System Market
8.7.1 Rest of LAMEA Automotive Blind Spot Detection System Market by Propulsion Type
8.7.2 Rest of LAMEA Automotive Blind Spot Detection System Market by Technology
8.7.3 Rest of LAMEA 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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