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Blind Spot Monitor Global Market: The Impact of Technological Advancements Sector Insights, Market Share, and Growth Overview Report 2024 - 2033 | Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis
Blind Spot Monitor Market
As per the report, the blind spot monitor market size has grown rapidly in recent years. It will grow from $14.39 billion in 2023 to $15.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The blind spot monitor market size is expected to see rapid growth in the next few years. It will grow to $24.10 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
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What Is Driving The Growth Of The Global Blind Spot Monitor Market?
Growing Preference Of Connected Vehicles Boosts The Blind Spot Monitor Market Growth
The growing preference for connected vehicles is expected to propel the growth of the blind spot monitor market going forward. Connected vehicles refer to automobiles equipped with internet access and the ability to communicate with other vehicles, infrastructure, and various external devices. The rising demand for connected vehicles is due to convenience and efficiency, enhanced safety features, and smart infrastructure. Connected vehicles integrate advanced safety systems and share real-time data and traffic management systems, enabling blind spot monitors (BSMs) to provide more accurate and timely alerts and improve the overall safety and driving experience
What Is The Key Trend In The Global Blind Spot Monitor Market?
Next-Generation Detection Radar Sensors Revolutionizing The Blind Spot Monitoring Market
Major companies operating in the blind spot monitor market are focused on developing next-generation detection radar sensors to improve the accuracy and reliability of blind spot monitoring systems and to enhance driver safety by providing better detection of objects and vehicles in blind spots, thereby reducing the risk of accidents. The detection radar sensor uses cutting-edge radar technology to detect things in blind regions, even in inclement weather, to improve driver awareness and reduce the possibility of blind spot incidents in medium- and heavy-duty trucks.
How Is The Global Blind Spot Monitor Market Segmented?
The blind spot monitor market covered in this report is segmented -
1) By Product Type: Blind Spot Detection System, Park Assist System, Backup Camera System, Surround View System
2) By Component Type: Ultrasonic, RADAR, Camera
3) By Vehicle Type: Heavy Commercial Vehicles, Passenger Cars, Light Commercial Vehicles
4) By Vehicle Propulsion: Internal Combustion Engine (ICE), Electric
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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How Is The Competitive Landscape Of The Global Blind Spot Monitor Market?
Major companies operating in the blind spot monitor market are Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Valeo SA, Aptiv, Infineon Technologies AG, Autoliv, HELLA GmbH & Co. KGaA, Samsung Electro-Mechanics, Garmin Ltd., Lexus, HL Mando, Pioneer Corporation, Gentex Corporation, Mobileye, VBOX Automotive, Xiamen Autostar Electronics Co.Ltd., SL Corporation
Contents Of The Global Blind Spot Monitor Market
1. Executive Summary
2. Blind Spot Monitor Market Report Structure
3. Blind Spot Monitor Market Trends And Strategies
4. Blind Spot Monitor Market - Macro Economic Scenario
5. Blind Spot Monitor Market Size And Growth
…..
27. Blind Spot Monitor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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