As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Market Analysis by Product Type, Technology, End Market, Electric Vehicle Type, Vehicle Type, and Region:
Key Findings of the Report:
Key Offerings of the Report:
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.