Press release
Automotive Blind Spot Detection System Market to Grow at 12.58% During 2022-2027 | IMARC Group
Automotive Blind Spot Detection System Market
", The global automotive blind spot detection system market size reached US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2027, exhibiting a CAGR of 12.58% during 2022-2027.
The automotive blind spot detection (BSD) system represents a sensor-based solution used to identify objects in the periphery of the bumper and mirrors of the vehicle. It usually comprises of several embedded sensors that send out computer-processed images or electromagnetic waves via a digital camera. Some of the commonly used BSD sensors include ultrasonic-, and light detection and ranging (LiDAR)-based sensors. The automotive blind spot detection system generates audible, tactile, vibrating, and visual signals to alert the driver regarding the presence of the objects or automobiles that are present in the blind spot areas of adjacent lanes of traffic. Consequently, it is extensively utilized in commercial and passenger vehicles.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Automotive Blind Spot Detection System Market Trends:
The widespread adoption of innovative tools to minimize the instances of vehicle collisions and accidents is primarily driving the automotive blind spot detection system market. Additionally, the implementation of various stringent regulations by government bodies across the countries to improve road safety is further catalyzing the market growth. Besides this, the growing utilization of radar-based BSD systems in commercial vehicles for long, medium, and short-range object detection is acting as another significant growth-inducing factor. Moreover, the development of multicamera systems and smart mirrors is positively influencing the global market. Apart from this, the leading manufacturers are also integrating numerous advanced safety features, such as pedestrian detection with automobiles for cross-traffic alerts, which is anticipated to fuel the automotive blind spot detection system market over the forecasted period.
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Automotive Blind Spot Detection System Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
Autoliv Inc., Continental Aktiengesellschaft, Delphi Technologies Plc, DENSO Corporation, Ficosa International S.A. (Panasonic Corporation), Magna International Inc., Mando Corporation, Preco Electronics Inc. (Sensata Technologies), Robert Bosch GmbH, Smart Microwave Sensors GmbH and ZF Friedrichshafen AG (Zeppelin-Stiftung).
Our report has categorized the market based on vehicle type, technology and end user.
Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Breakup by Technology:
Radar Sensor
Ultrasonic Sensor
LIDAR Sensor
Others
Breakup by End User:
Original Equipment Manufacturers (OEM)
Aftermarket
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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