Automotive Blind Spot Detection System Market Size, Share, Leading Players, and Analysis up to 2022
June 23, 2023
June 23rd,2023/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the automotive blind spot detection system market over the trend period from 2015 to 2016 and the forecast period from 2017 to 2022. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Automotive blind spot detection system market Overview:
The automotive blind spot detection system market was estimated to reach USD 3.0 billion by 2022 at a CAGR of 12.4% during the forecast period. The market is driven by a host of factors such as Increased demand for safety solutions, the introduction of more stringent government programs, Advancements in technology & the increasing production of luxury vehicles.
The automotive blind spot detection system market is segmented by–
- by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy-Duty Commercial Vehicle)
- by Technology Type (Radar, Ultrasonic, LIDAR, and Other Sensors)
- by End-User Type (OEM and Aftermarket
- by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Key Players:
- Continental AG
- Denso Corporation
- Robert Bosch
- Delphi Automotive
- Autoliv Inc.
Other manufacturers include-
- ZF TRW
- Xiamen Autostar Electronics
- Auto-i Corp
- Valeo S.A.
- Ficosa International
- Preco Electronics.
Regional analysis:
Europe and North America are the biggest markets for automotive blind spot detection systems as both are the homes of major blind spot detection system manufacturers and manufacturing capitals of luxury cars.
Additionally, the introduction of more stringent programs, such as The United States New Car Assessment Program (US NCAP) is supporting the demand for advanced safety features in automobiles including blind spot detection.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Author : Meha Prasad
Frequently Asked Questions (FAQs)
The passenger car segment is expected to remain the largest blind spot detection market in the coming years.
Continental AG, Denso Corporation, Robert Bosch, Delphi Automotive, and Autoliv Inc. are among the key players in the market.
Increased demand for safety solutions, the introduction of more stringent government programs, advancement in technology, and increasing production of luxury vehicles are the factors driving the growth of automotive blind spot detection system market.