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Report
Automotive Blind Spot Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 142 Pages I IMARC Group
The global automotive blind spot detection system market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2022-2028.
The automotive blind spot detection (BSD) system is a sensor-based technology that assists in controlling the vehicle and promotes passenger safety. It helps detect objects in the periphery of the mirrors or bumper of the vehicles through embedded sensors and digital cameras, which utilize electromagnetic waves or computer-processed images. It generates tactile, audible, vibrating, or visual signals to alert the driver about the presence of obstacles at blind spot areas of the adjacent traffic lanes.
The burgeoning automotive industry represents one of the key factors positively influencing the market. In addition, the increasing number of road accidents and rising safety concerns among individuals about vehicle safety are catalyzing the need for integrating advanced safety technologies in automobiles. In line with this, the growing demand for luxury vehicles is propelling automobile manufacturers to manufacture automobiles equipped with advanced safety features, such as pedestrian detection and BSD systems, which is creating a positive outlook for the market. Additionally, the widespread adoption of radar-based BSD systems in commercial vehicles for long, medium, and short-range object detection is also contributing to the market growth. Furthermore, technological advancements, such as the introduction of smart mirrors and multicamera systems to provide improved user convenience and safety, are offering a favorable market outlook. These systems are integrated with the existing infotainment screens and use ultrasonic waves that work effectively in adverse weather conditions. Moreover, the implementation of stringent government policies to encourage road and passenger safety is expected to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive blind spot detection system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, technology and end user.
Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Passenger cars represent the biggest vehicle type due to the escalating demand for cars and stringent regulations imposed by governments of various countries to equip driver assistance systems in vehicles, which enhance the safety of passengers and vehicles.
Breakup by Technology:
Radar Sensor
Ultrasonic Sensor
LIDAR Sensor
Others
Radar sensors currently hold the largest market share as they assist drivers in changing lanes safely by indicating warning against dangerous situations.
Breakup by End User:
Original Equipment Manufacturers (OEM)
Aftermarket
OEMs presently account for the majority of the market share on account of the introduction of stringent government regulations to integrate advanced safety measures in automobiles that help passengers save their lives.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The Asia Pacific exhibits a clear dominance in the market due to the easy availability of raw materials and mass production of blind spot detection (BSD) systems technology at lower costs in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Autoliv Inc., Continental Aktiengesellschaft, Delphi Technologies Plc, DENSO Corporation, Ficosa International S.A. (Panasonic Corporation), Magna International Inc., Mando Corporation, Preco Electronics Inc. (Sensata Technologies), Robert Bosch GmbH, Smart Microwave Sensors GmbH and ZF Friedrichshafen AG (Zeppelin-Stiftung).
Key Questions Answered in This Report
1. How big is the global automotive blind spot detection system market?
2. What is the expected growth rate of the global automotive blind spot detection system market during 2023-2028?
3. What are the key factors driving the global automotive blind spot detection system market?
4. What has been the impact of COVID-19 on the global automotive blind spot detection system market?
5. What is the breakup of the global automotive blind spot detection system market based on the vehicle type?
6. What is the breakup of the global automotive blind spot detection system market based on the technology?
7. What is the breakup of the global automotive blind spot detection system market based on the end user?
8. What are the key regions in the global automotive blind spot detection system market?
9. Who are the key players/companies in the global automotive blind spot detection system market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Automotive Blind Spot Detection System Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Vehicle Type
6.1Passenger Cars
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Commercial Vehicles
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1Radar Sensor
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Ultrasonic Sensor
7.2.1 Market Trends
7.2.2 Market Forecast
7.3LIDAR Sensor
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End User
8.1Original Equipment Manufacturers (OEM)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Autoliv Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2Continental Aktiengesellschaft
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3Delphi Technologies Plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4DENSO Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5Ficosa International S.A. (Panasonic Corporation)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6Magna International Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7Mando Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8Preco Electronics Inc. (Sensata Technologies)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9Robert Bosch GmbH
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10Smart Microwave Sensors GmbH
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11ZF Friedrichshafen AG (Zeppelin-Stiftung)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
Figure 1: Global: Automotive Blind Spot Detection System Market: Major Drivers and Challenges
Figure 2: Global: Automotive Blind Spot Detection System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Automotive Blind Spot Detection System Market: Breakup by Vehicle Type (in %), 2022
Figure 4: Global: Automotive Blind Spot Detection System Market: Breakup by Technology (in %), 2022
Figure 5: Global: Automotive Blind Spot Detection System Market: Breakup by End User (in %), 2022
Figure 6: Global: Automotive Blind Spot Detection System Market: Breakup by Region (in %), 2022
Figure 7: Global: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Automotive Blind Spot Detection System (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Automotive Blind Spot Detection System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Automotive Blind Spot Detection System (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11 Global: Automotive Blind Spot Detection System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Automotive Blind Spot Detection System (Radar Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Automotive Blind Spot Detection System (Radar Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Automotive Blind Spot Detection System (Ultrasonic Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Automotive Blind Spot Detection System (Ultrasonic Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Automotive Blind Spot Detection System (LIDAR Sensor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Automotive Blind Spot Detection System (LIDAR Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Automotive Blind Spot Detection System (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Automotive Blind Spot Detection System (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Automotive Blind Spot Detection System (Original Equipment Manufacturers-OEM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Automotive Blind Spot Detection System (Original Equipment Manufacturers-OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Automotive Blind Spot Detection System (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Automotive Blind Spot Detection System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia Pacific: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia Pacific: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Automotive Blind Spot Detection System Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Automotive Blind Spot Detection System Industry: SWOT Analysis
Figure 74: Global: Automotive Blind Spot Detection System Industry: Value Chain Analysis
Figure 75: Global: Automotive Blind Spot Detection System Industry: Porters Five Forces Analysis
Table 1: Global: Automotive Blind Spot Detection System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 3: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Automotive Blind Spot Detection System Market: Competitive Structure
Table 7: Global: Automotive Blind Spot Detection System Market: Key Players
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