Blind Spot Object Detection System Market To Grow At Exponential Growth Rate From 2019 To 2023 - By Size, Trends, Key Players, Industry Trends, And Region

Blind Spot Object Detection System Market 2019 Global Industry Forecast to 2023 is latest Global Blind Spot Object Detection System Industry research report published by "Market Research Future". Blind Spot Object Detection System Market Size is poised to grow at 17.5% compound annual growth rate and reach remarkable value by 2023 globally. For depth analysis, Global Blind Spot Object Detection System Market is segmented By Technology (Radar Sensor and Camera), Functioning (Automatic and Manual), Vehicle Type (Passenger Vehicles and Commercial Vehicles and Region.

Global Blind Spot Object Detection System Industry Highlights:

Increasing demand for vehicles with enhanced safety features owing to the increased rate of road accidents that cause serious damage and casualties is majorly fueling the growth of the global blind spot object detection system market. rapid incorporation of advanced technology for enhancing the features of automobiles to improve the driving experience and safety of passengers and drivers are propelling the growth of the global blind spot object detection system market.

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The key players of global Blind Spot Object Detection System market are Schaeffler (Germany), ZF Friedrichshafen (Germany), Aisin (Japan), Valeo S.A. (France), KAPEC (South Korea), Transtar (US), EXEDY (Japan), Yutaka Giken (Japan), BorgWarner, Inc. (US),  and Sonnax Industries (US).

Availability of such advanced features in commercial, as well as passenger vehicles, is acting as a driving factor for the expansion of the global blind spot object detection system market. However, high cost of the system and complexities regarding the installation and maintenance of the system are likely to restrain the growth of the global blind spot object detection system market during the forecast period.

The blind spot object detection system market is benefiting by the rise in concerns about car safety and comfortability. Also, upon experiencing high demand, several manufacturers have implemented this technology in both, passenger and commercial vehicles. Moreover, the increasing number of accidents, and growing awareness about road safety, are driving the demand for blind spot object detection system in the global market. Furthermore, the government regulatory policies regarding road safety, are also expected to boost the demand. In spite of these factors, the higher cost of technology, and availability of the system in luxury vehicles alone, are expected to hinder the market growth.

For this study, the global blind spot object detection system market has been divided, based on technology, functioning, vehicle types, and regions. On the basis of technology, the market has been segmented as radar sensors and camera. Among these, radar sensors are likely to cover the higher market share during the forecast period. The functioning segment has further been segmented as automatic and manual. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. Among vehicle types, passenger vehicles has accounted the highest market share, in 2016, in terms of revenue.

Based on regions, the global blind spot object detection system market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Europe has accounted for the largest market share, in 2016, followed by North America and Asia Pacific. In Europe, there has been rise in the sales of luxury vehicles, which has augmented the demand for blind spot object detection systems.. Germany, UK and France are the leading countries in Europe, which have fuelled the growth of the market. North America and Asia Pacific are the second and third leading regions, in terms of revenue.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Blind Spot Object Detection System Industry Size Estimation

2.4 Forecast Model

3 Blind Spot Object Detection System market Dynamics

3.1 Blind Spot Object Detection System market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

4.1 Introduction

4.2 Forward Collision Warning

4.3 Dynamic Brake Support

4.4 Crash Imminent Braking

Continued...

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