Automotive Blind Spot Detection System Market

Automotive Blind Spot Detection System Market by Component (RADAR sensor, ultrasonic sensor) by Application (Passenger Vehicle, Commercial Vehicle) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Blind Spot Detection System in terms of revenue?

    The global Automotive Blind Spot Detection System valued at 5.64 Billion in 2020 and is expected to reach 9.25 Billion in 2028 growing at a CAGR of 9.40%%

  • Which are the prominent players in the market?

    The prominent players in the market are Robert Bosch GmbH, Continental AG, Xiamen Autostar Electronics Co. Ltd., Denso Corporation, Valeo S.A., Preco Electronics, Autoliv Inc., Ficosa International, ZF TRW, Delphi Automotive Plc..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 9.40%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Blind Spot Detection System include

    • The governments are implementing stringent regulations for vehicles to be installed with advanced safety systems to decrease accident rates and resulting injuries and deaths in countries across the globe. Furthermore, obligatory installation of blind spot detection system in both developed and emerging countries is augmenting the market growth. The deployment of ADAS systems in other car models is further supporting the growth of the automotive blind spot detection system market. Various manufacturers in automotive industry are investing in ADAS in order to differentiate their automobiles from other manufacturers in the industry which in turn is augmenting the automotive blind spot detection system market are factors driving the market
    • The rising vehicle sale across the globe is anticipated to augment the growth of the automotive blind spot detection system market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and its production by the manufacturers which in turn is expected to support the growth of the automotive blind spot detection system market in the forecast period.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Automotive Blind Spot Detection System in 2020.

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