The Europe Automotive Blind Spot Detection System Market would witness market growth of 9.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $431.1 Million by 2031. The UK market is exhibiting a CAGR of 8.7% during 2024-2031. Additionally, the France market would experience a CAGR of 10.8% during 2024-2031.
BSD systems with advanced sensors and cameras enhance visibility during nighttime driving or in low-visibility conditions such as fog or heavy rain, where traditional mirrors may be less effective. Some BSD systems are integrated with driver fatigue monitoring systems to provide alerts when signs of drowsiness are detected. This combined approach enhances overall driving safety by addressing blind spots and driver alertness.
The adoption of BSD systems has accelerated due to technological advancements, regulatory pressures, and consumer demand for enhanced safety features. Automakers increasingly incorporate BSD systems into their standard and optional safety packages to offer enhanced safety features. This adoption helps manufacturers meet consumer expectations for advanced driver assistance technologies and differentiate their vehicles in a competitive market.
European regulations, such as the General Safety Regulation (GSR), increasingly require integrating advanced safety features, including BSD systems, into new vehicles. This regulatory requirement drives significant demand for BSD systems across the European automotive industry. As per the European Commission, the new Vehicle General Safety Regulation, effective from July 6, 2022, mandates a range of advanced driver assistance systems to enhance road safety and establishes the legal framework for approving automated and fully driverless vehicles in the EU. These safety measures are designed to better protect passengers, pedestrians, and cyclists throughout the EU, with an expected outcome of saving over 25,000 lives and preventing at least 140,000 serious injuries by 2038. In conclusion, the increasingly strict traffic regulations in the region are driving the market’s growth.
The Germany market dominated the Europe 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 $431.1 Million by 2031. The UK market is exhibiting a CAGR of 8.7% during 2024-2031. Additionally, the France market would experience a CAGR of 10.8% during 2024-2031.
BSD systems with advanced sensors and cameras enhance visibility during nighttime driving or in low-visibility conditions such as fog or heavy rain, where traditional mirrors may be less effective. Some BSD systems are integrated with driver fatigue monitoring systems to provide alerts when signs of drowsiness are detected. This combined approach enhances overall driving safety by addressing blind spots and driver alertness.
The adoption of BSD systems has accelerated due to technological advancements, regulatory pressures, and consumer demand for enhanced safety features. Automakers increasingly incorporate BSD systems into their standard and optional safety packages to offer enhanced safety features. This adoption helps manufacturers meet consumer expectations for advanced driver assistance technologies and differentiate their vehicles in a competitive market.
European regulations, such as the General Safety Regulation (GSR), increasingly require integrating advanced safety features, including BSD systems, into new vehicles. This regulatory requirement drives significant demand for BSD systems across the European automotive industry. As per the European Commission, the new Vehicle General Safety Regulation, effective from July 6, 2022, mandates a range of advanced driver assistance systems to enhance road safety and establishes the legal framework for approving automated and fully driverless vehicles in the EU. These safety measures are designed to better protect passengers, pedestrians, and cyclists throughout the EU, with an expected outcome of saving over 25,000 lives and preventing at least 140,000 serious injuries by 2038. In conclusion, the increasingly strict traffic regulations in the region are driving 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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Automotive Blind Spot Detection System Market by Propulsion Type
Chapter 6. Europe Automotive Blind Spot Detection System Market by Technology
Chapter 7. Europe Automotive Blind Spot Detection System Market by Vehicle Type
Chapter 8. Europe Automotive Blind Spot Detection System Market by Country
Chapter 9. Company Profiles
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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