The Automotive Blind Spot Detection System Market to experience an impressive growth of 12.4% CAGR during 2017-2022

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Automotive Blind Spot Detection System Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Automotive Blind Spot Detection System Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2017-2022.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.


The strategic Market dissection

The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by
1. Vehicle Type (Passenger Car, Light-Duty Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
2. Technology Type (Radar Sensor, Ultrasonic Sensor, LIDAR Sensor, Other Sensors)
3. End-User Type (OE, Aftermarket)
4. Region (North America, Europe, Asia-Pacific and RoW)

Click here for detailed description:
https://www.stratviewresearch.com/135/automotive-blind-spot-detection-system-market.html

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/135/automotive-blind-spot-detection-system-market.html

The Growth Prognosis & its Drivers

Global blind spot detection system market is projected to witness an impressive double digit CAGR of 12.4% over the next five years and reach US$ 3.0 billion in 2022. Increased demand for safety solutions, the introduction of more stringent government programs, advancement in technology, and increasing production of luxury vehicles are the key factors that are directly contributing to the increasing demand for blind spot detection system in the automotive industry.

The Key players

The top players are Continental AG, Denso Corporation, Robert Bosch, Delphi Automotive, and Autoliv Inc.
Other important firms are ZF TRW, Xiamen Autostar Electronics, Auto-i Corp, Valeo S.A., Ficosa International, and Preco Electronics.

The undisputed Dominance of the Europe and North America

Based on the region, the global automotive blind spot detection system market is segmented into four regions as North America, Europe, Asia-Pacific and Rest of the World. Europe and North America are the biggest markets of automotive blind spot detection system 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 the automobiles including blind spot detection.

Asia-Pacific is projected to witness the fastest growth during the forecast period, driven by Japan, China, and India. Increasing production of luxury vehicles and improving safety standards and measures taken by the government to mitigate road accidents would continue driving the demand for blind spot detection in the region.

Emerging Trends: Global automotive blind spot detection system is segmented based on vehicle type: passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The passenger car segment is expected to remain the largest blind spot detection market over the next five years. The vehicle type is also projected to witness the fastest growth in the same period. Increasing demand for active safety systems including blind spot detection in the luxury cars is driving the vehicle segment. All major luxury car manufacturers, such as BMW, Mercedes-Benz, and Audi are incorporating a higher amount of advanced safety features including blind spot detection in their models.

Based on the technology type, the automotive blind spot detection system market is segmented as Radar, Ultrasonic, LIDAR, and Other Sensors. The radar sensor is expected to remain the perennial choice of the sensor in the global automotive blind spot detection system during the forecast period and is also projected to witness the fastest growth in the same period. Radar provides 360-degree coverage around the car, hence, making it the most effective sensor for the blind spot detection system.

OEM is expected to remain the largest end-user type in the global automotive blind spot detection system market over the next five years. This end-user type currently holds more than 90% of the global market in 2016. OEM is expected to remain act as a growth engine of the global automotive blind spot detection market, driven by high demand for BSD systems in the luxury vehicles.

Click Here for Other Reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.