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Global Blind Spot Solutions Market: By Product Type: Blind Spot Detection System, Backup Camera System, Park Assist System, Others; By Technology; By End Market; By Electric Vehicle Type; By Vehicle Type; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Blind Spot Solutions Market Outlook

The global blind spot solutions market stood at a value of nearly USD 9.79 billion in 2020. The industry is expected to grow at a CAGR of 11% during the forecast period of 2022-2027.

 

The industry is being driven by the rapid technological advancements and growing consumer awareness. In semi-autonomous cars, sensors such as radar, ultrasonic, LiDAR, and cameras detect the atmosphere around the vehicle. It is also possible to use blind spot alternatives such as blind-spot detection schemes, surround-view cameras, and digital side view devices to better sense the environment. The growing adoption of these blind spot solutions is expected to drive the growth of the market.

 

Global Blind Spot Solutions Market

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Properties and Applications 

A blind spot refers to an area in our vision-range that is not properly or clearly visible to us, but which a person should technically be able to see, like, while driving a car, the area just behind our shoulders can be considered a blind spot. The global blind spot solutions industry can be divided based on segments like product type, technology, end-market, vehicle type, and electric vehicle type.

 

Global Blind Spot Solutions Market By Product

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Based on its product type, the industry is segmented into:

  • Blind Spot Detection System 
  • Backup Camera System 
  • Park Assist System 
  • Surround View System    
  • Virtual Pillars

Based on its technology, the industry is divided into camera-based systems, radar-based systems, and ultrasonic-based systems. Based on its end-market, the industry is divided into the OE market and aftermarket. Based on electrical vehicle type, the industry is categorised as BEV, FCEV, HEV, and PHEV. Based on vehicle type, the industry is categorised as passenger car, light commercial vehicle (LCV), truck, and bus.

The EMR report looks into the regional markets of blind spot solutions like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Blind Spot Solutions Market By Region

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Market Analysis

The introduction of stringent government programmes about vehicle safety, increasing consumer demand for active safety systems, the increasing adoption of smart mirrors in the automotive industry, and the growing demand for premium vehicles are driving the growth of the blind spot solutions industry globally. Further, the rising disposable incomes and the changing consumer preferences, particularly in the emerging economies, are expected to aid the industry over the forecast period.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global blind spot solutions industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Bosch 
  • Continental 
  • Denso 
  • Valeo 
  • Aptiv [APTV (NYSE)]
  • Magna 
  • Autoliv 
  • Ficosa 
  • ZF Friedrichshafen 
  • Gentex 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
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- Product Type, Technology, End Market, Electric Vehicle Type, Vehicle Type, Region
Breakup by Product Type Blind Spot Detection System, Backup Camera System, Park Assist System, Surround View System, Virtual Pillars
Breakup by Technology Camera-Based Systems, Radar-Based Systems, Ultrasonic-Based Systems
Breakup by End Market OE Market, Aftermarket
Breakup by Electric Vehicle Type BEV, FCEV, HEV, PHEV
Breakup by Vehicle Type Passenger Car, Light Commercial Vehicle (LCV), Truck, Bus
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 Bosch, Continental [CON (ETR)], Denso  [6902 (TYO)], Valeo [FR (EPA)], Aptiv [APTV (NYSE)], Magna [MGA (NYSE)], Autoliv [ALV (NYSE)], Ficosa, ZF Friedrichshafen, Gentex [GNTX (NASDAQ], 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 Blind Spot Solutions Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Blind Spot Solutions Historical Market (2017-2021) 
    8.3    Global Blind Spot Solutions Market Forecast (2022-2027)
    8.4    Global Blind Spot Solutions Market by Product Type
        8.4.1    Blind Spot Detection System
            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    Backup Camera System
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Park Assist System
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Surround View System
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Virtual Pillars
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
    8.5    Global Blind Spot Solutions Market by Technology
        8.5.1    Camera-Based Systems
            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-Based Systems
            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    Ultrasonic-Based Systems
            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 Blind Spot Solutions Market by End Market
        8.6.1    OE Market 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Aftermarket
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Blind Spot Solutions Market by Electric Vehicle Type
        8.7.1    BEC
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    FCEV
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    HEV
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    PHEV
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
    8.8    Global Blind Spot Solutions Market by Vehicle Type
        8.8.1    Passenger Car
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Light Commercial Vehicle
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Truck
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021)
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Bus
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021)
            8.8.4.3    Forecast Trend (2022-2027)
    8.9    Global Blind Spot Solutions Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    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    Robert Bosch GmbH
            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     Denso Corporation
            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    Valeo S.A
            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    Aptiv Inc.
            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    Magna International Inc.
            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    Autoliv
            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    Ficosa 
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    ZF Friedrichshafen 
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Gentex 
            12.2.10.1    Company Overview
            12.2.10.2    Product Portfolio
            12.2.10.3    Demographic Reach and Achievements
            12.2.10.4    Certifications
        12.2.11    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Blind Spot Solutions Market: Key Industry Highlights, 2017 and 2027
2.    Global Blind Spot Solutions Historical Market: Breakup by Product Type (USD Million), 2017-2021
3.    Global Blind Spot Solutions Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    Global Blind Spot Solutions Historical Market: Breakup by Technology (USD Million), 2017-2021
5.    Global Blind Spot Solutions Market Forecast: Breakup by Technology (USD Million), 2022-2027
6.    Global Blind Spot Solutions Historical Market: Breakup by End Market (USD Million), 2017-2021
7.    Global Blind Spot Solutions Market Forecast: Breakup by End Market (USD Million), 2022-2027
8.    Global Blind Spot Solutions Historical Market: Breakup by Electric Vehicle Type (USD Million), 2017-2021
9.    Global Blind Spot Solutions Market Forecast: Breakup by Electric Vehicle Type (USD Million), 2022-2027
10.    Global Blind Spot Solutions Historical Market: Breakup by Vehicle Type (USD Million), 2017-2021
11.    Global Blind Spot Solutions Market Forecast: Breakup by Vehicle Type (USD Million), 2022-2027
12.    Global Blind Spot Solutions Historical Market: Breakup by Region (USD Million), 2017-2021
13.    Global Blind Spot Solutions Market Forecast: Breakup by Region (USD Million), 2022-2027
14.    North America Blind Spot Solutions Historical Market: Breakup by Country (USD Million), 2017-2021
15.    North America Blind Spot Solutions Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Europe Blind Spot Solutions Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Europe Blind Spot Solutions Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Asia Pacific Blind Spot Solutions Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Asia Pacific Blind Spot Solutions Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Latin America Blind Spot Solutions Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Latin America Blind Spot Solutions Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Middle East and Africa Blind Spot Solutions Historical Market: Breakup by Country (USD Million), 2017-2021
23.    Middle East and Africa Blind Spot Solutions Market Forecast: Breakup by Country (USD Million), 2022-2027
24.    Global Blind Spot Solutions Market Structure

Key Questions Answered in the Report

The global blind spot solutions market reached a value of nearly USD 9.79 billion in 2020.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 11%.

The major drivers of the market, such the increasing adoption of smart mirrors in the automotive industry and the growing demand for premium vehicles, are expected to aid the industry growth.

The rising disposable incomes and the changing consumer preferences, particularly in the emerging economies, are expected to define the market growth in the coming years.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.

The leading product type of blind spot solutions in the market are blind spot detection system, backup camera system, park assist system, surround view system, and virtual pillars.

The significant technology segments in the industry are camera-based systems, radar-based systems, and ultrasonic-based systems.

The major end markets in the industry are OE market and aftermarket.

The major electrical vehicle types in the market are BEC, FCEV, HEV, and PHEV.

The leading vehicle types of blind spot solutions in the industry are passenger car, light commercial vehicle (LCV), truck, and bus.

The major players in the market are Robert Bosch GmbH, Continental AG, Denso Corporation, Valeo S.A, Aptiv Inc., Magna International Inc., Autoliv, Ficosa, ZF Friedrichshafen, and Gentex, among others.

Analyst Review

The global blind spot solutions market attained a value of nearly USD 9.79 billion in 2020, driven by the increasing adoption of smart mirrors in the automotive industry, and the growing demand for premium vehicles. Aided by the growing adoption of rising disposable incomes and the changing consumer preferences, particularly in the emerging economies, the market is expected to further grow at CAGR of 11% in the forecast period of 2022-2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product type, the market is segmented into blind spot solutions are blind spot detection system, backup camera system, park assist system, surround view system, and virtual pillars. Based on technology, the industry is divided into camera-based systems, radar-based systems, and ultrasonic-based systems. By end market, the market is segmented into OE market and aftermarket. On the basis of electrical vehicle type, the market is segmented into BEC, FCEV, HEV, and PHEV. Based on the vehicle type, the industry is categorised as passenger car, light commercial vehicle (LCV), truck, and bus. The major regional markets for the product are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa. The key players in the above industry include Robert Bosch GmbH, Continental AG, Denso Corporation, Valeo S.A, Aptiv Inc., Magna International Inc., Autoliv, Ficosa, ZF Friedrichshafen, and Gentex, 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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