Press release
Automotive Blind Spot Detection System Market to See Significant Growth by Profiling Players | Robert Bosch GmbH, Aptiv, Autoliv Inc., ZF Friedrichshafen AG, and More
Automotive Blind Spot Detection System Market
Global automotive blind spot detection system market is expected to rise to an estimated value of USD 12.08 billion by 2026 registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing usage of autonomous systems and components in vehicles.
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This Report cover detailed competitive outlook including the market share, size, growth, innovative trends, technology, application, types and company profiles of the key participants operating in the global market."
Prominent Players Operating In The Automotive Blind Spot Detection System Market Include:- Continental AG, DENSO CORPORATION, Robert Bosch GmbH, Aptiv, Autoliv Inc., ZF Friedrichshafen AG, Xiamen Australia Shida Electronics Co., Ltd., Analog Devices, Inc., Auto-i, Valeo, Ficosa Internacional SA, PRECO Electronics, Siemens, Mobileye, s.m.s, smart microwave sensors GmbH (smartmicro), HYUNDAI MOBIS, Magna International Inc., Mando Corp., HARMAN International, HELLA GmbH & Co. KGaA and Samvardhana Motherson Group among others.
Scope of the report
Years Considered: - 2020–2026
Base year: - 2019
Forecast period: - 2020–2026 (Value (USD Million))
Market Drivers:
Increased usage of safety services and technologies which has been a result of stringent regulations provided by the governments to avoid collisions and accidents, fosters the growth of the market
Advancements of components, sensors, technologies resulting in the drivers and vehicles to be better equipped for avoiding any incidences of accidents, this factor is expected to drive the growth of the market
Focus of manufacturers of vehicles to meet the standards set by different authorities regarding safety of vehicles and exceed these standards to enhance the features of their vehicles, which leads to growth of the market
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Market Restraints:
Incidences regarding systems malfunctioning, this factor is expected to restrain the market growth
Inability of these systems to work in testing/difficult environmental conditions such as rainfall, snowfall, this factor is expected to restrain the growth of the market
Key Developments in the Market:
In August 2017, DENSO CORPORATION announced the availability of “24-GHz submillimetre-wave rear and side radar sensor” developed for use in Toyota’s 2018 version of Camry which will be made available from July 2017. These sensors are aimed at enhancing the detection capabilities of obstacles while having the control of autonomous braking systems so that incidences of any collisions can be reduced.
In December 2016, Analog Devices, Inc. announced that they had acquired “solid-state laser beam steering technology” from Vescent Photonics. This acquisition will help Analog in providing specialised services for autonomous driving and vehicle safety as this technology will better innovate the LiDAR systems and sensors currently available.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automated Material Handling Systems in these regions, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
Click to View the Full Report TOC, Figure and Tables at https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-blind-spot-detection-system-market&yog
Few of questions are answered below-:
What are the market tools and techniques employed to evaluate overall market?
Various market research tools and techniques such as PESTEL analysis, SWOT analysis, Porter’s Five Forces analysis, Primary and secondary research methodologies have utilized to dig deep into this Automotive Blind Spot Detection System Market These research tools helps to identify hidden market opportunities of the market.
What methodology is used to break down complex market data?
Regional Growth Analysis:
All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
The study objectives of this report are:
To analyze Automotive Blind Spot Detection System Market status, future forecast, growth opportunity, key market and key players.
To present the Automotive Blind Spot Detection System Market development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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