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Automotive Blind Spot Detection System Market

Automotive Blind Spot Detection System Market

Automotive Blind Spot Detection System Market Global Industry Assessment & Forecast

# Pages:

170

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0763

Segments Covered
  • By Component RADAR sensor, ultrasonic sensor
  • By Application Passenger Vehicle, Commercial Vehicle
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 5.64 Billion
Revenue 2028Revenue 2028: 9.25 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 9.40%
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Component  Analysis: Preview

On the basis of Component, the market is segmented into RADAR sensor, ultrasonic sensor. RADAR sensor held the highest share in the global Automotive Blind Spot Detection System market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Passenger Vehicle, Commercial Vehicle. Passenger vehicle accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Analysis: Preview

Based on , the market is segmented into . dominates the global Automotive Blind Spot Detection System market and is expected to continue the same trend from 2021 to 2028. 

Global Automotive Blind Spot Detection System Market: Component Segment Analysis

    • RADAR sensor
    • ultrasonic sensor

Global Automotive Blind Spot Detection System Market: Application Segment Analysis

    • Passenger Vehicle
    • Commercial Vehicle
FAQ
Frequently Asked Question
  • 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%%.

  • 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..

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

  • 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.

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