Press Release
Press Release
The growth of the global blind spot solutions market can be attributed to factors such as increasing awareness about road safety, rising demand for enhanced surveillance, and strict government mandates pertaining to road safety. Europe is expected to be a leading blind spot solutions market due to the presence of major automotive manufacturers and key players in the blind spot solutions industry. Germany and the United Kingdom are some of the significant regional markets within Europe due to the rising demand for these solutions. While the penetration of blind spot solutions remains comparatively low in Russia, the rate of adoption of the technology is expected to witness a robust growth in the coming years due to a greater awareness of road safety.
The market is being propelled forward by the integration of advanced driver assistant systems within a wide array of vehicles. In 2018, Aptiv (NYSE: APTV), a key player in the industry, introduced its advanced driver assistant system (ADAS) for heavy-duty and medium-duty trucks, which included autonomous emergency braking and lane departure warning, along with blind spot detection. More recently, in 2020, Kawasaki Heavy Industries, Ltd, a leading motorcycle manufacturer, announced that it will be integrating ADAS technology developed by Bosch into its Kawasaki motorcycle lines from 2021. The system is expected to include ACC (adaptive cruise control), forward collision warning, and blind spot detection. Such developments are expected to influence the global blind spot solutions market positively.
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Bosch, Continental, Denso, Valeo, Aptiv, Magna, Autoliv, Ficosa, ZF Friedrichshafen, and Gentex, among others, are the key players in the global blind spot solutions market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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