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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.

 

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.

 

Global Automotive Blind Spot Detection Market

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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: Industry Definition and 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.

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.

 

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, EMR’s 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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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 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

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