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Global Automotive Blind Spot Detection Market: By Vehicle Type: Passenger Car, Commercial Vehicle; By Component Type: Ultrasonic, RADAR, Cameras; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Automotive Blind Spot Detection Market Outlook
The global automotive blind spot detection market stood at a value of USD 3.9 billion in 2021. The market is further expected to grow at a CAGR of 9.3% in the forecast period of 2022-2027 to attain a value of USD 6.7 billion by 2027.
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Heightened Demand for Passenger Vehicles to Strengthen the Market Growth of the Global Automotive Blind Spot Detection Industry
Based on vehicle type, the passenger vehicle segment is predicted to hold a significant market share in the automotive blind spot detection industry. This growth can be attributed to the rising global population and the subsequent demand for transportation worldwide.
In addition, the growing demand for safety in passenger vehicles is anticipated to aid the market growth in the coming years. Meanwhile, the commercial vehicle segment is projected to positively impact the market growth, as commercial vehicles are large, and, therefore, suffer from poor visibility. In this regard, blind spot detection systems can help mitigate the risk of collision and accidents. These factors are expected to contribute to the overall market growth in the forecast period.
The Asia Pacific to Occupy a Substantial Market Share in the Global Automotive Blind Spot Detection Industry
The Asia Pacific is estimated to hold a substantial share of the automotive blind spot detection industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region that are making significant investments to develop enhanced blind spot detection systems. In addition, the growing demand for passenger vehicles with the rising purchasing power, improved living standards, and rapid urbanisation is also anticipated to positively impact the industry growth. Meanwhile, North America is also estimated to account for a healthy market share in the coming years, with the stringent safety regulations imposed by the governments.
Automotive Blind Spot Detection: Market Segmentation
Automotive blind spot detection refers to a sensor based mechanism that helps in blind spot monitoring and informs the driver regarding the presence of any vehicle or obstacle in the vicinity, thus, reducing the risk of any accidents. In addition, blind spot detectors also help while switching lanes by warning the driver of any impending collision through visual, audible, vibration or tactile signal.
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By vehicle type, the market is divided into:
- Passenger Car
- Commercial Vehicle
Based on component type, the market can be categorised into:
- Ultrasonic
- RADAR
- Cameras
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Heightened Demand for Improved Vehicle Safety to Augment the Growth of the Global Automotive Blind Spot Detection Industry
The growing demand for efficient vehicle safety solutions is anticipated to drive the market growth in the forecast period. According to the UN statistics, approximately 1.3 million people succumb to road traffic accidents every year, with around 20-50 million individuals escaping with non-fatal injuries. The blind spot detection systems, in this regard, offer driver assistance facilities that help mitigate the risk of collision by providing timely warnings along with adaptive cruise control. In addition, these systems also offer lane change assistance and 360-degree surveillance through the use of short and mid-range radar sensors. Moreover, the rising disposable income levels, improved standards of living, and the developing automobile infrastructure are also significant factors, which are predicted to propel the industry growth in the forecast period.
Key Industry Players in the Global Automotive Blind Spot Detection Market
The report gives a detailed analysis of the following key players in the global automotive blind spot detection market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Delphi Automotive LLP
- Continental AG
- Robert Bosch GmBH
- ZF Friedrichafen AG
- Autoliv
- Denso Corporation
- Valeo
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Component Type, Region |
| Breakup by Vehicle Type | Passenger Car, Commercial Vehicle |
| Breakup by Component Type | Ultrasonic, RADAR, Cameras |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Delphi Automotive LLP, Continental AG, Robert Bosch GmBH, ZF Friedrichafen AG, Autoliv, Denso Corporation, Valeo, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Automotive Blind Spot Detection Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Blind Spot Detection Historical Market (2017-2021)
8.3 Global Automotive Blind Spot Detection Market Forecast (2022-2027)
8.4 Global Automotive Blind Spot Detection Market by Vehicle Type
8.4.1 Passenger Car
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Commercial Vehicle
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Automotive Blind Spot Detection Market by Component Type
8.5.1 Ultrasonic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 RADAR
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Cameras
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Automotive Blind Spot Detection Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Delphi Automotive LLP
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Continental AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Robert Bosch GmBH
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 ZF Friedrichafen AG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Autoliv
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Denso Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Valeo
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Automotive Blind Spot Detection Market: Key Industry Highlights, 2017 and 2027
2. Global Automotive Blind Spot Detection Historical Market: Breakup by Vehicle Type (USD Billion), 2017-2021
3. Global Automotive Blind Spot Detection Market Forecast: Breakup by Vehicle Type (USD Billion), 2022-2027
4. Global Automotive Blind Spot Detection Historical Market: Breakup by Component Type (USD Billion), 2017-2021
5. Global Automotive Blind Spot Detection Market Forecast: Breakup by Component Type (USD Billion), 2022-2027
6. Global Automotive Blind Spot Detection Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Automotive Blind Spot Detection Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Automotive Blind Spot Detection Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Automotive Blind Spot Detection Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Automotive Blind Spot Detection Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Automotive Blind Spot Detection Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Automotive Blind Spot Detection Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Automotive Blind Spot Detection Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Automotive Blind Spot Detection Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Automotive Blind Spot Detection Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Automotive Blind Spot Detection Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Automotive Blind Spot Detection Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Automotive Blind Spot Detection Market Structure
Key Questions Answered in the Report
In 2021, the global automotive blind spot detection market attained a value of nearly USD 3.9 billion.
The market is projected to grow at a CAGR of 9.3% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach a value of USD 6.7 billion by 2027.
The major drivers of the industry, such as the as increased demand for passenger cars, the rising concerns of road traffic accidents, the rapidly growing global population, growing disposable incomes, rapid technological advancements, and rising investments in the research and development of blind spot detection technology are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increased demand for improved vehicle safety solutions and the developing automobile infrastructure.
What are the major regional markets of automotive blind spot detection, according to the EMR report?
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant vehicle types include passenger car and commercial vehicle.
The significant component types include ultrasonic, RADAR and cameras.
The major players in the industry are Delphi Automotive LLP, Continental AG, Robert Bosch GmBH, ZF Friedrichafen AG, Autoliv, Denso Corporation, and Valeo, among others.
Analyst Review
The global automotive blind spot detection market attained a value of USD 3.9 billion in 2021, driven by the increased demand for improved vehicle safety solutions. Aided by the rapid technological advancements and developing automobile infrastructure, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 9.3%.The market is projected to reach USD 6.7 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By vehicle type, the market can be distributed into passenger car and commercial vehicle. On the basis of component type, the industry can be segmented into ultrasonic, RADAR and cameras. The major regional markets for automotive blind spot detection are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Delphi Automotive LLP, Continental AG, Robert Bosch GmBH, ZF Friedrichafen AG, Autoliv, Denso Corporation, and Valeo, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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