High Growth & Smooth Sailing of Automotive Blind Spot Detection System Market, a US$ 3.0 billion Opportunity

The Cutting-Edge Stratview Insights:

Stratview Research prognosticates the market to grow at a healthy CAGR of 12.4% over the next five years and expects the market to cross over of US$ 3.0 billion mark by 2022.
The estimates are a result of market analysis over a period of 2011-16, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Blind Spot Detection System Market during the period 2017-22.

Identifying the Factors & Avenues of Growth

Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Blind Spot Detection System Market responds to all the significant inquiries.

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.

Unravelling the Critical Segments

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Automotive Blind Spot Detection System has been divided into categories such as by Vehicle Type, Technology Type, End-User Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/135/automotive-blind-spot-detection-system-market.html

Autoliv Inc.at the Helm

The top 5 players are Autoliv Inc., Continental AG, Ficosa International, Denso Corporation, Delphi Automotive Plc.
Other important firms are Preco Electronics, Robert Bosch GmbH, Valeo S.A., Xiamen Autostar Electronics Co., Ltd., ZF TRW.

Emerging Trends:

Increasing Demand of Radar Sensors

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.

Passenger Car to Remain the Growth Engine

The global automotive engine oil pan market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). The passenger car is expected to remain the growth engine of the automotive engine oil pan market during the forecast period of 2018 to 2023. Increasing production of hatchbacks and SUVs especially in emerging economies, such as China and India, is the key factor, propelling the demand for engine oil pans in the segment.

OEM to remain Largest End-user Type

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.

Europe & North America to be the largest markets

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.

Subscribe to the Stratview advantage and Advance Your Business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends that have to be understood well in advance for the firms to take an informed decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.

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

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

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.

This release was published on openPR.