Market Research Report
Global Blind Spot Detection System and Adaptive Cruise Control System Market Size study with COVID-19 impact, by Type, by Application and Regional Forecasts 2020-2027
|Global Blind Spot Detection System and Adaptive Cruise Control System Market Size study with COVID-19 impact, by Type, by Application and Regional Forecasts 2020-2027|
Published: July 10, 2020
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Size study with COVID-19 impact, by Type (Ultrasonic Sensor, Camera and Radar Sensor), by Application (SUV, Roadster, Minivan and Others) and Regional Forecasts 2020-2027.
Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market is valued approximately USD xxx Billion in 2019 and is anticipated to grow with a healthy growth rate of more than xxx % over the forecast period 2020-2027. The bling spot detection system and adoptive cruise control systems both plays essential role in protection mechanism of vehicle from accidents. The blind spot detection system uses electronic detection devices which is equipped in both the side of vehicle, it uses electromagnetic waves or take images with digital camera to analyze the situations across the car. Similarly, adaptive cruise control work supportively with the blind spot detection system by analyzing situation and taking effective measures to protect vehicle from fatal incidents. It adjusts speed automatically as per analysis, maintain a proper distance between vehicles in the same lane. It accomplishes such process with the help of radar headway sensors, digital signal processors and longitudinal controller. The market covers many essential automobile parts and components which supplies, and production is hampered with the global pandemic of COVID-19. As many governments across the globe announced lockdown in their economies which slow downed the manufacturing process of such automotive parts and supply. Whereas, the market is expected to gain remarkable growth over the forecast years due to the global rise in production of passenger vehicles. The bling spot detection systems and adaptive cruise control system analyze the situations of automobile and process effective measure to avoid fatal incidents automatically. For instance: According to the International Organization of Motor Vehicle Manufacturer (OICA), tThe production of passenger cars accounted for around 73.45 million units in the year 2017 as compared to 72.10 million units in the year 2016 on the global scenario. In addition, rising number of accidents due to increase in traffic flow is propelling the growth of market over the forecast years. However, high cost of blind g spot detection systems and adaptive cruise control system is hampering the market growth over the forecast years.
The regional analysis of global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in demand for luxury vehicles in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in production of passenger vehicles and fatal incidents would create lucrative growth prospects for the Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market across Asia-Pacific region.
Major market player included in this report are:
Robert Bosch GMBH
Delphi Automotive PLC
Hyundai Mobis Co., Ltd.
Magna International Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers