Automotive Blind Spot Detection System Market
Automotive Blind Spot Detection System Market Forecasts to 2030 - Global Analysis By Vehicle Type (Commercial Vehicle, Passenger Cars and Other Vehicle Types), Component, Sales Channel and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $7.2 BN |
|
Projected Year Value (2030) |
US $27.1 BN |
|
CAGR (2023 - 2030) |
20.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Automotive Blind Spot Detection System Market is accounted for $7.2 billion in 2023 and is expected to reach $27.1 billion by 2030 growing at a CAGR of 20.7% during the forecast period. A safety feature called Blind Spot Detection (BSD) uses sensors to identify objects and pedestrians in and around moving cars. Incorrectly positioned rear view mirrors and headrests, window pillars, and seated passengers all contribute to blind spots. Any impediment that is not visible to the driver is alerted to by a blind spot detection system. The warning signal is produced in a variety of ways, including the steering shaking, a faint pulsing sound inside the driver's cabin, and a light flashing on the infotainment screen or the instrument cluster.
According to the World Health Organization (WHO), about 1.25 million people die each year in road accidents.
Market Dynamics:
Driver:
Increasing use of connected car technology
Vehicle connectivity is crucial to the development of automotive blind spot detection technology. This device assists in preventing blind spot collisions by providing real-time information on the presence of other vehicles in nearby lanes. Automotive blind spot detection systems make use of connected car technologies like joint perception, data analytics, and vehicle-to-vehicle communication. As a result, the system is better able to identify patterns, anticipate risks, and uncover blind spots. A key trend in this industry is the introduction of such cutting-edge technology.
Restraint:
Installation of blind spot detection sensor
Radar sensors behind the back bumper are the main technology used by blind spot monitoring systems. The amount of time it takes for the radio waves to return provides details on the structure of the object, including its size, distance from other moving objects, and direction of travel. However, other materials, like bumper repair material in the sensor's field of vision, may cause the radio waves to travel more slowly. Radar device readings may become erroneous as a result of this. This factor is limiting market expansion.
Opportunity:
Increased need for safety features
The need for safety technologies including lane departure alerts, parking assistance, collision avoidance systems, traction control, electronic stability control, tire pressure monitors, airbags, and telematics is on the rise as the incidence of traffic incidents increases globally. Depending on the traffic conditions, these systems can also automatically slow down or stop the car. Additionally, it has been noted that the death rates from traffic accidents have increased dramatically.
Threat:
Expensive upfront and complicated framework
It is anticipated that the high cost of implementing apps in vehicles will slow industry expansion. The cost of cars is rising as a result of factors including the higher installation costs for blind spot detection systems. Due to the vehicles numerous electrical parts and sensors, servicing it is very challenging and demands expert personnel. Systems with complex architectures have shorter shelf lives. Therefore, it is anticipated that the market's growth will be significantly impacted by the high starting cost and complex structure.
Covid-19 Impact:
The COVID-19 epidemic had a significant negative impact on the global auto industry. Several countries implemented nationwide lockdown measures to halt the virus' spread. Strict social segregation rules and state-wide lockdowns forced the closure of many OEM facilities, which also interrupted the flow of raw materials and had an indirect or direct impact on thousands of dependent workers and the industry. The need for autos was also significantly reduced by lockdowns, unemployment, and income decreases. As a result, the consumer's purchasing power has also been significantly reduced.
The passenger vehicle segment is expected to be the largest during the forecast period
The passenger vehicle segment is expected to be the largest during the forecast period. e increasing number of people on the planet and the resulting demand for transportation are to blame for this rise. The industry is expanding as a result of strict government laws requiring automobiles to be equipped with driver assistance systems that increase vehicle safety. Additionally, it is projected that rising consumer demand for passenger vehicle safety will support market expansion.
The radar segment is expected to have the highest CAGR during the forecast period
The radar segment is expected to have the highest CAGR during the forecast period due to its precise operation. Rising demand for automotive safety installations will help maintain RADAR's dominance throughout the forecast period. It uses radio waves that can be easily transmitted through the atmosphere. Automotive radar is, therefore, primarily used for object detection applications.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Authorities in this region have tightened the requirements for vehicle ratings, putting manufacturers under pressure to build cars that adhere to strict safety regulations. In the automotive industry, the use of sensor-based technology is growing. As a result, over the projection period, there will be a rise in demand for sophisticated driver assistance systems.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. This growth can be attributed to the presence of the leading market players in the region that are making significant investments to develop enhanced blind spot detection systems. In addition, the growing demand for passenger vehicles with the rising purchasing power, improved living standards, and rapid urbanisation is also anticipated to positively impact the industry growth.
Key players in the market
Some of the key players in Automotive Blind Spot Detection System market include Smart Microwave Sensors GmbH, Robert Bosch GmbH, Porsche, Texas Instruments Incorporated, Continental AG, Gentex, Denso Corporation, Preco Electronics, Magna International Inc., Tata Motors, Infineon Technologies AG, NXP Semiconductors, Infineon Technologies AG, SerVision and Xiamen Autostar Electronics Co.
Key Developments:
In May 2023, Porsche announced a partnership with Israel-based company Mobileye to integrate advanced driver assistance technology. As part of the partnership, Porsche will integrate Mobileye's advanced SuperVision driver assistance system into future models.
In February 2023, Tata Motors launched the latest dark edition of compact SUV namely Harrier and Safari which is a SUV; to the Indian market. The Harrier and Safari dark edition are equipped with Advanced Driver Assistance System (ADAS).
In January 2023, NXP Semiconductors released an advanced automotive 28nm RFCMOS radar-on-chip family for next-generation ADAS and autonomous driving systems.
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Cars
• Other Vehicle Types
Components Covered:
• RADAR
• Ultrasonic
• Camera
• Other Components
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEM)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Blind Spot Detection System Market, By Vehicle Type
5.1 Introduction
5.2 Commercial Vehicle
5.3 Passenger Cars
5.4 Other Vehicle Types
6 Global Automotive Blind Spot Detection System Market, By Component
6.1 Introduction
6.2 RADAR
6.3 Ultrasonic
6.4 Camera
6.5 Other Components
7 Global Automotive Blind Spot Detection System Market, By Sales Channel
7.1 Introduction
7.2 Aftermarket
7.3 Original Equipment Manufacturers (OEM)
8 Global Automotive Blind Spot Detection System Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Smart Microwave Sensors GmbH
10.2 Robert Bosch GmbH
10.3 Porsche
10.4 Texas Instruments Incorporated
10.5 Continental AG
10.6 Gentex
10.7 Denso Corporation
10.8 Preco Electronics
10.9 Magna International Inc.
10.10 Tata Motors
10.11 Infineon Technologies AG
10.12 NXP Semiconductors
10.13 Infineon Technologies AG
10.14 SerVision
10.15 Xiamen Autostar Electronics Co.
List of Tables
1 Global Automotive Blind Spot Detection System Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Blind Spot Detection System Market Outlook, By Vehicle Type (2021-2030) ($MN)
3 Global Automotive Blind Spot Detection System Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
4 Global Automotive Blind Spot Detection System Market Outlook, By Passenger Cars (2021-2030) ($MN)
5 Global Automotive Blind Spot Detection System Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
6 Global Automotive Blind Spot Detection System Market Outlook, By Component (2021-2030) ($MN)
7 Global Automotive Blind Spot Detection System Market Outlook, By RADAR (2021-2030) ($MN)
8 Global Automotive Blind Spot Detection System Market Outlook, By Ultrasonic (2021-2030) ($MN)
9 Global Automotive Blind Spot Detection System Market Outlook, By Camera (2021-2030) ($MN)
10 Global Automotive Blind Spot Detection System Market Outlook, By Other Components (2021-2030) ($MN)
11 Global Automotive Blind Spot Detection System Market Outlook, By Sales Channel (2021-2030) ($MN)
12 Global Automotive Blind Spot Detection System Market Outlook, By Aftermarket (2021-2030) ($MN)
13 Global Automotive Blind Spot Detection System Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
14 North America Automotive Blind Spot Detection System Market Outlook, By Country (2021-2030) ($MN)
15 North America Automotive Blind Spot Detection System Market Outlook, By Vehicle Type (2021-2030) ($MN)
16 North America Automotive Blind Spot Detection System Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
17 North America Automotive Blind Spot Detection System Market Outlook, By Passenger Cars (2021-2030) ($MN)
18 North America Automotive Blind Spot Detection System Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
19 North America Automotive Blind Spot Detection System Market Outlook, By Component (2021-2030) ($MN)
20 North America Automotive Blind Spot Detection System Market Outlook, By RADAR (2021-2030) ($MN)
21 North America Automotive Blind Spot Detection System Market Outlook, By Ultrasonic (2021-2030) ($MN)
22 North America Automotive Blind Spot Detection System Market Outlook, By Camera (2021-2030) ($MN)
23 North America Automotive Blind Spot Detection System Market Outlook, By Other Components (2021-2030) ($MN)
24 North America Automotive Blind Spot Detection System Market Outlook, By Sales Channel (2021-2030) ($MN)
25 North America Automotive Blind Spot Detection System Market Outlook, By Aftermarket (2021-2030) ($MN)
26 North America Automotive Blind Spot Detection System Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
27 Europe Automotive Blind Spot Detection System Market Outlook, By Country (2021-2030) ($MN)
28 Europe Automotive Blind Spot Detection System Market Outlook, By Vehicle Type (2021-2030) ($MN)
29 Europe Automotive Blind Spot Detection System Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
30 Europe Automotive Blind Spot Detection System Market Outlook, By Passenger Cars (2021-2030) ($MN)
31 Europe Automotive Blind Spot Detection System Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
32 Europe Automotive Blind Spot Detection System Market Outlook, By Component (2021-2030) ($MN)
33 Europe Automotive Blind Spot Detection System Market Outlook, By RADAR (2021-2030) ($MN)
34 Europe Automotive Blind Spot Detection System Market Outlook, By Ultrasonic (2021-2030) ($MN)
35 Europe Automotive Blind Spot Detection System Market Outlook, By Camera (2021-2030) ($MN)
36 Europe Automotive Blind Spot Detection System Market Outlook, By Other Components (2021-2030) ($MN)
37 Europe Automotive Blind Spot Detection System Market Outlook, By Sales Channel (2021-2030) ($MN)
38 Europe Automotive Blind Spot Detection System Market Outlook, By Aftermarket (2021-2030) ($MN)
39 Europe Automotive Blind Spot Detection System Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
40 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Vehicle Type (2021-2030) ($MN)
42 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
43 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Passenger Cars (2021-2030) ($MN)
44 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
45 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Component (2021-2030) ($MN)
46 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By RADAR (2021-2030) ($MN)
47 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Ultrasonic (2021-2030) ($MN)
48 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Camera (2021-2030) ($MN)
49 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Other Components (2021-2030) ($MN)
50 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Sales Channel (2021-2030) ($MN)
51 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Aftermarket (2021-2030) ($MN)
52 Asia Pacific Automotive Blind Spot Detection System Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
53 South America Automotive Blind Spot Detection System Market Outlook, By Country (2021-2030) ($MN)
54 South America Automotive Blind Spot Detection System Market Outlook, By Vehicle Type (2021-2030) ($MN)
55 South America Automotive Blind Spot Detection System Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
56 South America Automotive Blind Spot Detection System Market Outlook, By Passenger Cars (2021-2030) ($MN)
57 South America Automotive Blind Spot Detection System Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
58 South America Automotive Blind Spot Detection System Market Outlook, By Component (2021-2030) ($MN)
59 South America Automotive Blind Spot Detection System Market Outlook, By RADAR (2021-2030) ($MN)
60 South America Automotive Blind Spot Detection System Market Outlook, By Ultrasonic (2021-2030) ($MN)
61 South America Automotive Blind Spot Detection System Market Outlook, By Camera (2021-2030) ($MN)
62 South America Automotive Blind Spot Detection System Market Outlook, By Other Components (2021-2030) ($MN)
63 South America Automotive Blind Spot Detection System Market Outlook, By Sales Channel (2021-2030) ($MN)
64 South America Automotive Blind Spot Detection System Market Outlook, By Aftermarket (2021-2030) ($MN)
65 South America Automotive Blind Spot Detection System Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
66 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Vehicle Type (2021-2030) ($MN)
68 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
69 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Passenger Cars (2021-2030) ($MN)
70 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
71 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Component (2021-2030) ($MN)
72 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By RADAR (2021-2030) ($MN)
73 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Ultrasonic (2021-2030) ($MN)
74 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Camera (2021-2030) ($MN)
75 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Other Components (2021-2030) ($MN)
76 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Sales Channel (2021-2030) ($MN)
77 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Aftermarket (2021-2030) ($MN)
78 Middle East & Africa Automotive Blind Spot Detection System Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
