PUBLISHER: Allied Market Research | PRODUCT CODE: 1193055
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193055
Blind spot detection (BSD) system is a type of advanced driver assistance system which detects objects within a blind spot with the help of unique sensors. Mostly, image sensors are used to transmit an image to the monitor to provide vital information to the driver. These sensors initiate an alarm after sensing the presence of an object within the blind spot. Moreover, different automobile companies have other names for BSD system such as blind-spot monitoring, and blind-spot information system. Furthermore, the purpose of blind spot detection system is to increase safety by reducing the risk of collisions caused by drivers and to reduce the frequency of accidents.
Features such as long range, unlimited potential to extend functions such as stop-and-go support in other applications, and excellent performance in range & angle or angle measurement have increased the adoption of radar sensors. The 24 GHz radar sensors are widely used in the high-volume industry segments due to their low cost. However, the prices are expected to decrease due to the continuing efforts by manufacturers across the globe and supportive government initiatives, especially in regions such as Japan, the U.S., and Europe. The technology has witnessed remarkable commercial demand and adoption in the global market, as it is cost-effective and thus widely used in medium range cars. These competent factors are expected to drive the growth of the blind spot detection system market during the forecast period.
The growth of the global blind spot detection system market is propelling, due to high demand for safety features, stringent safety rules and regulations, and increased demand for comfort while driving. However, high initial cost and complex structure, and lower efficiency in bad weather conditions are the factors hampering the growth of the market. Furthermore, technological advancements are the factor expected to offer growth opportunities during the forecast period.
The blind spot detection system market is segmented on the basis of technology, vehicle type, vehicle propulsion, sales channel, and region. By technology, it is segmented into ultrasound, radar, and camera. By vehicle type, it is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. By vehicle propulsion, it is fragmented into ICE and electric. By sales channel, it is categorized into OEM and aftermarket. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Technology
By Vehicle Type
By Vehicle Propulsion
By Sales Channel
By Region