PUBLISHER: IMARC | PRODUCT CODE: 1378808
PUBLISHER: IMARC | PRODUCT CODE: 1378808
Automotive Blind Spot Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global automotive blind spot detection system market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2022-2028.
The automotive blind spot detection (BSD) system is a sensor-based technology that assists in controlling the vehicle and promotes passenger safety. It helps detect objects in the periphery of the mirrors or bumper of the vehicles through embedded sensors and digital cameras, which utilize electromagnetic waves or computer-processed images. It generates tactile, audible, vibrating, or visual signals to alert the driver about the presence of obstacles at blind spot areas of the adjacent traffic lanes.
The burgeoning automotive industry represents one of the key factors positively influencing the market. In addition, the increasing number of road accidents and rising safety concerns among individuals about vehicle safety are catalyzing the need for integrating advanced safety technologies in automobiles. In line with this, the growing demand for luxury vehicles is propelling automobile manufacturers to manufacture automobiles equipped with advanced safety features, such as pedestrian detection and BSD systems, which is creating a positive outlook for the market. Additionally, the widespread adoption of radar-based BSD systems in commercial vehicles for long, medium, and short-range object detection is also contributing to the market growth. Furthermore, technological advancements, such as the introduction of smart mirrors and multicamera systems to provide improved user convenience and safety, are offering a favorable market outlook. These systems are integrated with the existing infotainment screens and use ultrasonic waves that work effectively in adverse weather conditions. Moreover, the implementation of stringent government policies to encourage road and passenger safety is expected to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive blind spot detection system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, technology and end user.
Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Passenger cars represent the biggest vehicle type due to the escalating demand for cars and stringent regulations imposed by governments of various countries to equip driver assistance systems in vehicles, which enhance the safety of passengers and vehicles.
Breakup by Technology:
Radar Sensor
Ultrasonic Sensor
LIDAR Sensor
Others
Radar sensors currently hold the largest market share as they assist drivers in changing lanes safely by indicating warning against dangerous situations.
Breakup by End User:
Original Equipment Manufacturers (OEM)
Aftermarket
OEMs presently account for the majority of the market share on account of the introduction of stringent government regulations to integrate advanced safety measures in automobiles that help passengers save their lives.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The Asia Pacific exhibits a clear dominance in the market due to the easy availability of raw materials and mass production of blind spot detection (BSD) systems technology at lower costs in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Autoliv Inc., Continental Aktiengesellschaft, Delphi Technologies Plc, DENSO Corporation, Ficosa International S.A. (Panasonic Corporation), Magna International Inc., Mando Corporation, Preco Electronics Inc. (Sensata Technologies), Robert Bosch GmbH, Smart Microwave Sensors GmbH and ZF Friedrichshafen AG (Zeppelin-Stiftung).
Key Questions Answered in This Report
- 1. How big is the global automotive blind spot detection system market?
- 2. What is the expected growth rate of the global automotive blind spot detection system market during 2023-2028?
- 3. What are the key factors driving the global automotive blind spot detection system market?
- 4. What has been the impact of COVID-19 on the global automotive blind spot detection system market?
- 5. What is the breakup of the global automotive blind spot detection system market based on the vehicle type?
- 6. What is the breakup of the global automotive blind spot detection system market based on the technology?
- 7. What is the breakup of the global automotive blind spot detection system market based on the end user?
- 8. What are the key regions in the global automotive blind spot detection system market?
- 9. Who are the key players/companies in the global automotive blind spot detection system market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Blind Spot Detection System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Passenger Cars
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Commercial Vehicles
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Radar Sensor
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Ultrasonic Sensor
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 LIDAR Sensor
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by End User
- 8.1 Original Equipment Manufacturers (OEM)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aftermarket
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Autoliv Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Continental Aktiengesellschaft
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Delphi Technologies Plc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 DENSO Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Ficosa International S.A. (Panasonic Corporation)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Magna International Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Mando Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Preco Electronics Inc. (Sensata Technologies)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Robert Bosch GmbH
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Smart Microwave Sensors GmbH
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 ZF Friedrichshafen AG (Zeppelin-Stiftung)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 SWOT Analysis
- 14.3.1 Autoliv Inc.
List of Figures
- Figure 1: Global: Automotive Blind Spot Detection System Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Blind Spot Detection System Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Blind Spot Detection System Market: Breakup by Vehicle Type (in %), 2022
- Figure 4: Global: Automotive Blind Spot Detection System Market: Breakup by Technology (in %), 2022
- Figure 5: Global: Automotive Blind Spot Detection System Market: Breakup by End User (in %), 2022
- Figure 6: Global: Automotive Blind Spot Detection System Market: Breakup by Region (in %), 2022
- Figure 7: Global: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Automotive Blind Spot Detection System (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Automotive Blind Spot Detection System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Automotive Blind Spot Detection System (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11 Global: Automotive Blind Spot Detection System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Automotive Blind Spot Detection System (Radar Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Automotive Blind Spot Detection System (Radar Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Automotive Blind Spot Detection System (Ultrasonic Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Automotive Blind Spot Detection System (Ultrasonic Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Automotive Blind Spot Detection System (LIDAR Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Automotive Blind Spot Detection System (LIDAR Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Automotive Blind Spot Detection System (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Automotive Blind Spot Detection System (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Automotive Blind Spot Detection System (Original Equipment Manufacturers-OEM) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Automotive Blind Spot Detection System (Original Equipment Manufacturers-OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Automotive Blind Spot Detection System (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Automotive Blind Spot Detection System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: North America: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: North America: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: United States: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: United States: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Canada: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Canada: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Asia Pacific: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Asia Pacific: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: China: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: China: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Japan: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Japan: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: India: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: India: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: South Korea: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: South Korea: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Australia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Australia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Indonesia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Indonesia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Europe: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Europe: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Germany: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Germany: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: France: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: France: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United Kingdom: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United Kingdom: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Italy: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Italy: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Spain: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Spain: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Russia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Russia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Latin America: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Latin America: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Brazil: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Brazil: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Mexico: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Mexico: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Middle East and Africa: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Middle East and Africa: Automotive Blind Spot Detection System Market: Breakup by Country (in %), 2022
- Figure 72: Middle East and Africa: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Global: Automotive Blind Spot Detection System Industry: SWOT Analysis
- Figure 74: Global: Automotive Blind Spot Detection System Industry: Value Chain Analysis
- Figure 75: Global: Automotive Blind Spot Detection System Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Blind Spot Detection System Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 3: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Automotive Blind Spot Detection System Market: Competitive Structure
- Table 7: Global: Automotive Blind Spot Detection System Market: Key Players
