Automotive Blind Spot Detection Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Technology ; By Vehicle Type ; By Vehicle Propulsion ; By Sales Channel ; By Region

Description

Global Automotive Blind Spot Detection Market Size More Than Doubles to Touch USD 10.4 Billion by 2029.

Global automotive blind spot detection market is flourishing due to an increasing focus on safety features, stringent safety regulations, and a rising demand for comfort while driving.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global automotive blind spot detection market size at USD 4.39 billion in 2022. During the forecast period between 2023 and 2029, the global automotive blind spot detection market size is projected to grow at an impressive CAGR of 13.21% reaching a value of USD 10.39 billion by 2029. Due to rising demand for safety features, stricter safety laws and regulations, and rising consumer demand for comfort while driving, the global market for blind spot detection systems is growing at a robust rate. Also, during the forecast period, technology advancements are expected to present chances for growth. However, the challenges impeding the market's growth are its high initial cost, complex structure, and decreased efficiency in adverse weather.

Global Automotive Blind Spot Detection Market - Overview:

Automotive blind spot detection (BSD) is a type of advanced driver assistance system that uses special sensors to detect objects in a driver's blind spot. Image sensors are typically used to relay an image to the display to provide valuable information to the driver. When these sensors detect an object in the blind spot, an alarm is triggered. Blind-spot monitoring and blind-spot information systems are two other names for BSD systems used by various automakers. A blind spot identification system also aims to improve safety by lowering the likelihood of driver-caused collisions and the frequency of accidents.

Global Automotive Blind Spot Detection Market - By End Use Industry:

Global automotive blind spot detection market is segmented into three segments: ultrasound, radar, and camera. During the forecast period, the radar sensor is expected to remain the sensor of choice for automotive blind spot detection systems worldwide while also expanding at the fastest rate. Radar is the most effective sensor for the blind spot detection system because it covers the entire area around the vehicle at 360 degrees.

Impact of COVID-19 on Global Automotive Blind Spot Detection Market

Due to travel limitations, the COVID-19 pandemic adversely affected the market for blind spot detection systems and harmed the market participants' financial performance. The broader economy has been harmed, and contributors like market players are creating strategic cost-saving initiatives. Global automotive production and sales activities are related to the selling of blind spot detection systems. Yet, a few businesses also unveiled new sensors to improve advanced driver assistance systems (ADAS) in cars during the pandemic era.

Competitive Landscape:

Global automotive blind spot detection market is fiercely competitive. Prominent players in the market include Rockwool International, Owenscorning, DowDuPont, Lfhuaneng, Murugappa Morgan, Shanghai ABM Rock Wool, NGP Industries, Goenka Rockwool, Dhanbad Rockwool Insulation, U.P. Twiga Fiberglass, Thermocare Rockwool, Aspen Aerogels, Shree Ceramic Fibers, and Montex Glass Fibre Industries. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global automotive blind spot detection market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Automotive Blind Spot Detection Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Automotive Blind Spot Detection Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23180

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Automotive Blind Spot Detection Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. High Demand for Safety Features
  - 3.2.1.2. Increasing Demand for Comfort while Driving
- 3.2.2. Restraints
  - 3.2.2.1. High Initial Cost and Complex Structure
- 3.2.3. Opportunities
  - 3.2.3.1. Advancements in Technology
- 3.2.4. Challenges
  - 3.2.4.1. Low Efficiency in Bad weather Condition
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Automotive Blind Spot Detection Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Technology
  - 4.2.1.1. Ultrasound
  - 4.2.1.2. Radar
  - 4.2.1.3. Camera
- 4.2.2. By Vehicle Type
  - 4.2.2.1. Heavy Commercial Vehicles
  - 4.2.2.2. Passenger Cars
  - 4.2.2.3. Light Commercial Vehicles
- 4.2.3. By Vehicle Propulsion
  - 4.2.3.1. ICE
  - 4.2.3.2. Electric
- 4.2.4. By Sales Channel
  - 4.2.4.1. OEM
  - 4.2.4.2. Aftermarket
- 4.2.5. By Region
  - 4.2.5.1. North America
  - 4.2.5.2. Europe
  - 4.2.5.3. Asia Pacific (APAC)
  - 4.2.5.4. Latin America (LATAM)
  - 4.2.5.5. Middle East and Africa (MEA)

5. North America Automotive Blind Spot Detection Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Technology
- 5.2.2. By Vehicle Type
- 5.2.3. By Vehicle Propulsion
- 5.2.4. By Sales Channel
- 5.2.5. By Country
  - 5.2.5.1. United States
  - 5.2.5.1.1. By Technology
  - 5.2.5.1.2. By Vehicle Type
  - 5.2.5.1.3. By Vehicle Propulsion
  - 5.2.5.1.4. By Sales Channel
  - 5.2.5.2. Canada
  - 5.2.5.2.1. By Technology
  - 5.2.5.2.2. By Vehicle Type
  - 5.2.5.2.3. By Vehicle Propulsion
  - 5.2.5.2.4. By Sales Channel

6. Europe Automotive Blind Spot Detection Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Vehicle Type
- 6.2.3. By Vehicle Propulsion
- 6.2.4. By Sales Channel
- 6.2.5. By Country
  - 6.2.5.1. Germany
  - 6.2.5.1.1. By Technology
  - 6.2.5.1.2. By Vehicle Type
  - 6.2.5.1.3. By Vehicle Propulsion
  - 6.2.5.1.4. By Sales Channel
  - 6.2.5.2. United Kingdom
  - 6.2.5.2.1. By Technology
  - 6.2.5.2.2. By Vehicle Type
  - 6.2.5.2.3. By Vehicle Propulsion
  - 6.2.5.2.4. By Sales Channel
  - 6.2.5.3. Italy
  - 6.2.5.3.1. By Technology
  - 6.2.5.3.2. By Vehicle Type
  - 6.2.5.3.3. By Vehicle Propulsion
  - 6.2.5.3.4. By Sales Channel
  - 6.2.5.4. France
  - 6.2.5.4.1. By Technology
  - 6.2.5.4.2. By Vehicle Type
  - 6.2.5.4.3. By Vehicle Propulsion
  - 6.2.5.4.4. By Sales Channel
  - 6.2.5.5. Spain
  - 6.2.5.5.1. By Technology
  - 6.2.5.5.2. By Vehicle Type
  - 6.2.5.5.3. By Vehicle Propulsion
  - 6.2.5.5.4. By Sales Channel
  - 6.2.5.6. Netherlands
  - 6.2.5.6.1. By Technology
  - 6.2.5.6.2. By Vehicle Type
  - 6.2.5.6.3. By Vehicle Propulsion
  - 6.2.5.6.4. By Sales Channel
  - 6.2.5.7. Rest of Europe
  - 6.2.5.7.1. By Technology
  - 6.2.5.7.2. By Vehicle Type
  - 6.2.5.7.3. By Vehicle Propulsion
  - 6.2.5.7.4. By Sales Channel

7. Asia-Pacific Automotive Blind Spot Detection Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Vehicle Type
- 7.2.3. By Vehicle Propulsion
- 7.2.4. By Sales Channel
- 7.2.5. By Country
  - 7.2.5.1. China
  - 7.2.5.1.1. By Technology
  - 7.2.5.1.2. By Vehicle Type
  - 7.2.5.1.3. By Vehicle Propulsion
  - 7.2.5.1.4. By Sales Channel
  - 7.2.5.2. India
  - 7.2.5.2.1. By Technology
  - 7.2.5.2.2. By Vehicle Type
  - 7.2.5.2.3. By Vehicle Propulsion
  - 7.2.5.2.4. By Sales Channel
  - 7.2.5.3. Japan
  - 7.2.5.3.1. By Technology
  - 7.2.5.3.2. By Vehicle Type
  - 7.2.5.3.3. By Vehicle Propulsion
  - 7.2.5.3.4. By Sales Channel
  - 7.2.5.4. South Korea
  - 7.2.5.4.1. By Technology
  - 7.2.5.4.2. By Vehicle Type
  - 7.2.5.4.3. By Vehicle Propulsion
  - 7.2.5.4.4. By Sales Channel
  - 7.2.5.5. Australia & New Zealand
  - 7.2.5.5.1. By Technology
  - 7.2.5.5.2. By Vehicle Type
  - 7.2.5.5.3. By Vehicle Propulsion
  - 7.2.5.5.4. By Sales Channel
  - 7.2.5.6. Indonesia
  - 7.2.5.6.1. By Technology
  - 7.2.5.6.2. By Vehicle Type
  - 7.2.5.6.3. By Vehicle Propulsion
  - 7.2.5.6.4. By Sales Channel
  - 7.2.5.7. Malaysia
  - 7.2.5.7.1. By Technology
  - 7.2.5.7.2. By Vehicle Type
  - 7.2.5.7.3. By Vehicle Propulsion
  - 7.2.5.7.4. By Sales Channel
  - 7.2.5.8. Singapore
  - 7.2.5.8.1. By Technology
  - 7.2.5.8.2. By Vehicle Type
  - 7.2.5.8.3. By Vehicle Propulsion
  - 7.2.5.8.4. By Sales Channel
  - 7.2.5.9. Philippines
  - 7.2.5.9.1. By Technology
  - 7.2.5.9.2. By Vehicle Type
  - 7.2.5.9.3. By Vehicle Propulsion
  - 7.2.5.9.4. By Sales Channel
  - 7.2.5.10. Vietnam
  - 7.2.5.10.1. By Technology
  - 7.2.5.10.2. By Vehicle Type
  - 7.2.5.10.3. By Vehicle Propulsion
  - 7.2.5.10.4. By Sales Channel
  - 7.2.5.11. Rest of APAC
  - 7.2.5.11.1. By Technology
  - 7.2.5.11.2. By Vehicle Type
  - 7.2.5.11.3. By Vehicle Propulsion
  - 7.2.5.11.4. By Sales Channel

8. Latin America Automotive Blind Spot Detection Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Vehicle Type
- 8.2.3. By Vehicle Propulsion
- 8.2.4. By Sales Channel
- 8.2.5. By Country
  - 8.2.5.1. Brazil
  - 8.2.5.1.1. By Technology
  - 8.2.5.1.2. By Vehicle Type
  - 8.2.5.1.3. By Vehicle Propulsion
  - 8.2.5.1.4. By Sales Channel
  - 8.2.5.2. Mexico
  - 8.2.5.2.1. By Technology
  - 8.2.5.2.2. By Vehicle Type
  - 8.2.5.2.3. By Vehicle Propulsion
  - 8.2.5.2.4. By Sales Channel
  - 8.2.5.3. Argentina
  - 8.2.5.3.1. By Technology
  - 8.2.5.3.2. By Vehicle Type
  - 8.2.5.3.3. By Vehicle Propulsion
  - 8.2.5.3.4. By Sales Channel
  - 8.2.5.4. Peru
  - 8.2.5.4.1. By Technology
  - 8.2.5.4.2. By Vehicle Type
  - 8.2.5.4.3. By Vehicle Propulsion
  - 8.2.5.4.4. By Sales Channel
  - 8.2.5.5. Rest of LATAM
  - 8.2.5.5.1. By Technology
  - 8.2.5.5.2. By Vehicle Type
  - 8.2.5.5.3. By Vehicle Propulsion
  - 8.2.5.5.4. By Sales Channel

9. Middle East & Africa Automotive Blind Spot Detection Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Vehicle Type
- 9.2.3. By Vehicle Propulsion
- 9.2.4. By Sales Channel
- 9.2.5. By Country
  - 9.2.5.1. Saudi Arabia
  - 9.2.5.1.1. By Technology
  - 9.2.5.1.2. By Vehicle Type
  - 9.2.5.1.3. By Vehicle Propulsion
  - 9.2.5.1.4. By Sales Channel
  - 9.2.5.2. UAE
  - 9.2.5.2.1. By Technology
  - 9.2.5.2.2. By Vehicle Type
  - 9.2.5.2.3. By Vehicle Propulsion
  - 9.2.5.2.4. By Sales Channel
  - 9.2.5.3. Qatar
  - 9.2.5.3.1. By Technology
  - 9.2.5.3.2. By Vehicle Type
  - 9.2.5.3.3. By Vehicle Propulsion
  - 9.2.5.3.4. By Sales Channel
  - 9.2.5.4. Kuwait
  - 9.2.5.4.1. By Technology
  - 9.2.5.4.2. By Vehicle Type
  - 9.2.5.4.3. By Vehicle Propulsion
  - 9.2.5.4.4. By Sales Channel
  - 9.2.5.5. South Africa
  - 9.2.5.5.1. By Technology
  - 9.2.5.5.2. By Vehicle Type
  - 9.2.5.5.3. By Vehicle Propulsion
  - 9.2.5.5.4. By Sales Channel
  - 9.2.5.6. Nigeria
  - 9.2.5.6.1. By Technology
  - 9.2.5.6.2. By Vehicle Type
  - 9.2.5.6.3. By Vehicle Propulsion
  - 9.2.5.6.4. By Sales Channel
  - 9.2.5.7. Algeria
  - 9.2.5.7.1. By Technology
  - 9.2.5.7.2. By Vehicle Type
  - 9.2.5.7.3. By Vehicle Propulsion
  - 9.2.5.7.4. By Sales Channel
  - 9.2.5.8. Rest of MEA
  - 9.2.5.8.1. By Technology
  - 9.2.5.8.2. By Vehicle Type
  - 9.2.5.8.3. By Vehicle Propulsion
  - 9.2.5.8.4. By Sales Channel

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Automotive Blind Spot Detection Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Automotive Blind Spot Detection Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Continental AG
12.2. DENSO CORPORATION
12.3. Robert Bosch GmbH
12.4. ZF Friedrichshafen AG
12.5. Analog Devices, Inc.
12.6. Auto-i
12.7. Valeo
12.8. Ficosa Internacional SA
12.9. PRECO Electronics
12.10. Siemens
12.11. smart microwave sensors GmbH
12.12. HYUNDAI MOBIS
12.13. Magna International Inc.
12.14. Mando Corp.
12.15. HARMAN International
12.16. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations