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Automotive Blind Spot Detection Market : Worldwide Industry Analysis and New Market Opportunities Explored
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Expansion of Automotive Blind Spot Detection Market
The automotive safety system has been gaining popularity. Regulatory stances by various bodies around the globe have made passenger safety a prime concern for all car manufacturers. Driver assistance and safety systems aid in minimizing fatalities by reducing the number of collisions. Consequently, governments across the globe are trying to implement safety regulations to improve the overall safety of vehicles.
The U.S. mandates the inclusion of rear view cameras in all new vehicles. Similarly, Europe and Japan have mandated the inclusion of lane departure systems in all HCVs and buses. Such positive legislation toward vehicle road safety further boosts the demand for automotive blind spot detection systems. The European New Car Assessment Programme (Euro NCAP) consumer testing protocols evaluate the presence of lane departure warning and lane-keeping support systems. It rewards manufacturers who provide these systems as standard and offers additional rewards when a blind spot monitoring system is fitted.
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Regional Analysis of Automotive Blind Spot Detection Market
North America is projected to be a highly lucrative region of the global automotive blind spot detection market during the forecast period, due to a significant rise in the number of autonomous vehicles and stringent environmental policies in the region, especially in the U.S. Moreover, reduced usage of conventional camera systems in the automobile industry is also anticipated to fuel the blind spot detection market in the region. Furthermore, expansion of key players in the U.S. is likely to boost the market in North America.
Automotive Blind Spot Detection Market Players
Key players operating in the global automotive blind spot detection market include Aptiv, Valeo, Robert Bosch GmbH, Continental AG, Denso Corporation, ZF Friedrichshafen AG, and Siemens AG.
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Global Automotive Blind Spot Detection Market: Segmentation
Automotive Blind Spot Detection Market, by Component
RADAR Sensor
Ultrasonic Sensor
Automotive Blind Spot Detection Market, by Application
Passenger Vehicle
Commercial Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Buses & Coaches
Automotive Blind Spot Detection Market, by Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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