Press release
Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market - Global Industry Analysis, Size, Share, Growth | Trends, Forecast 2020
Get PDF Brochure for more Professional and Technical industry insights:
http://bit.ly/2jhgkx5
Adaptive Cruise Control (ACC) system is a sensor based cruise control system that automatically adjusts the speed of the vehicle in maintaining safe distances from the vehicles ahead. Such a system is integrated with pre-crash systems and automatically applies brakes after generating alerts. BSD and ACC systems have become efficient, sophisticated and advanced over a period of time and play an important role in reducing the number of accidents.
The rising number of accidents due to increase in traffic flow is one of the prime reason that is contributing to the growth of BSD and ACC system market. The implementation of such safety systems by the automobile industry has rapidly increased. Since BSD and ACC systems ensure safety of the passengers, customers are frequently looking for such advanced safety features and are also willing to pay. Another factor that is contributing to the growth of this market is the stiff competition among the automobile manufacturers. The manufacturers are continuously upgrading their models so as to cater to the huge demand of innovative safety features that can be used for various applications.
Organizations such as New Car Assessment Program (NCAP), are investing in research and development to design automobiles possessing various safety features. The increasing use of sensors due to the advancements in technology is another factor that is contributing to the growth of this market. Sensors are integrated with BSD and ACC systems to increase the performance of engines by reducing carbon emissions. Government initiatives for fuel efficiencies and safety attributes of the vehicle are encouraging manufacturers to implement such integrated systems that can ensure safety as well as comply with such regulations.
However, BSD and ACC systems are not efficient in regions with adverse weather conditions. Regions with continuous snowfall and rainfall make such safety systems inefficient in tracking and monitoring the surrounding objects. This makes the owners of such regions reluctant in implementing these systems. Another challenge to the growth of this market is the standardization of such systems. Since every manufacturer competes for offering unique safety features, each manufacturer integrates high-tech sensors having different applications. Such integrations make car owners difficult and confusing to understand the exact operating procedures for different car models. Hence, due to the technicality involved, the car owners are reluctant to install innovative safety systems.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market - Global Industry Analysis, Size, Share, Growth | Trends, Forecast 2020 here
News-ID: 419618 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for BSD
BSD Projects Lucknow
BSD PROJECTS - LUCKNOW
Lucknow, the city of nawabs has its charm and beauty, and the good news is that it is spreading it's territory day by day. Infra, education, housing , sanitation , and industrial development is a top-notch priority for Uttar Pradesh government these days. Lucknow's best real estate company - BSD Projects is providing a lifetime opportunity to invest in housing projects at Bani, Kanpur Road.
We have great…
Arc Flash Protection Coverall Market | BSD, Ballyclare, CATU Electrical, Charnau …
Introduction:
The introduction to the report serves as a gateway into the comprehensive world of the arc flash protection coverall market. As industries continue to evolve and adapt to changing consumer demands and technological advancements, understanding the market dynamics becomes paramount for industry stakeholders. The report takes on the responsibility of offering a profound and all-encompassing analysis of the arc flash protection coverall market, catering to the needs of a diverse…
Blind Spot Detection (BSD) System: Empowering Drivers with Unparalleled Blind Sp …
According to a new report published by Allied Market Research, titled, "Blind Spot Detection (BSD) System Market," The blind spot detection (bsd) system market was valued at $3.9 billion in 2021, and is estimated to reach $13.7 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/9473
Automotive manufacturers in the region have focused on reducing road fatalities by adopting various safety ensuring programs…
Blind Spot Detection (BSD) System Market Expected to Reach $13.7 Billion by 2031
According to a new report published by Allied Market Research, titled, "Blind Spot Detection (BSD) System Market," The blind spot detection (bsd) system market was valued at $3.9 billion in 2021, and is estimated to reach $13.7 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031.
Europe is expected to dominate the global blind spot detection system market. Technical developments for efficient enforcement of safety features and…
Located in Serpong area, Rumah bsd tangerang, BSD City is the most planned resid …
Located in Serpong area, Rumah bsd tangerang, BSD City is the most planned residential area (House BSD) and residential in Indonesia, as a satellite city from Jakarta where all facilities are available from industrial areas, offices, commerce, education, tourism, and also House bsd and Apartment bsd as residential center in Serpong.
Commercial kavling of bsd about 6000 hectares of land is the result of Sinarmas land development. BSD housing is equipped…
Ablation Devices Market :- Key Players are BSD Medical, Ethicon Endosurgery, Cov …
The Global Ablation Devices market is driven by the rising number of minimally invasive surgeries used to treat cancerous cells. Ablation devices are used frequently to destroy cancerous cells and also used in other forms of minimally invasive surgeries where traditional surgical methods prove to be life threatening or costly. There are other usages of ablation devices like the cryotherapy used rapidly in the treatment of chronic pain and is…
