Market Overview:
The global automotive blind spot detection system market size reached US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2027, exhibiting a CAGR of 12.58% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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 2022-2027. 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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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).
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Vehicle Type, Technology, End User, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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) |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global automotive blind spot detection system market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive blind spot detection system market?
- What are the key regional markets?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive blind spot detection system market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Blind Spot Detection System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Passenger Cars
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Commercial Vehicles
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Radar Sensor
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Ultrasonic Sensor
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 LIDAR Sensor
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End User
8.1 Original Equipment Manufacturers (OEM)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North 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
9.2 Asia 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
9.3 Europe
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
9.4 Latin 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
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Autoliv Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Continental Aktiengesellschaft
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Delphi Technologies Plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 DENSO Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Ficosa International S.A. (Panasonic Corporation)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Magna 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
14.3.7 Mando Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Preco Electronics Inc. (Sensata Technologies)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Robert 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
14.3.10 Smart Microwave Sensors GmbH
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 ZF Friedrichshafen AG (Zeppelin-Stiftung)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
List of Figures
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$), 2016-2021
Figure 3: Global: Automotive Blind Spot Detection System Market: Breakup by Vehicle Type (in %), 2021
Figure 4: Global: Automotive Blind Spot Detection System Market: Breakup by Technology (in %), 2021
Figure 5: Global: Automotive Blind Spot Detection System Market: Breakup by End User (in %), 2021
Figure 6: Global: Automotive Blind Spot Detection System Market: Breakup by Region (in %), 2021
Figure 7: Global: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Automotive Blind Spot Detection System (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Automotive Blind Spot Detection System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Automotive Blind Spot Detection System (Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11 Global: Automotive Blind Spot Detection System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Automotive Blind Spot Detection System (Radar Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Automotive Blind Spot Detection System (Radar Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Automotive Blind Spot Detection System (Ultrasonic Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Automotive Blind Spot Detection System (Ultrasonic Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Automotive Blind Spot Detection System (LIDAR Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Automotive Blind Spot Detection System (LIDAR Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Automotive Blind Spot Detection System (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Automotive Blind Spot Detection System (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Automotive Blind Spot Detection System (Original Equipment Manufacturers-OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Automotive Blind Spot Detection System (Original Equipment Manufacturers-OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Automotive Blind Spot Detection System (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Automotive Blind Spot Detection System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia Pacific: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia Pacific: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Automotive Blind Spot Detection System Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Automotive Blind Spot Detection System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Automotive Blind Spot Detection System Industry: SWOT Analysis
Figure 73: Global: Automotive Blind Spot Detection System Industry: Value Chain Analysis
Figure 74: Global: Automotive Blind Spot Detection System Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Automotive Blind Spot Detection System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Automotive Blind Spot Detection System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Automotive Blind Spot Detection System Market: Competitive Structure
Table 7: Global: Automotive Blind Spot Detection System Market: Key Players