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 12.1% during 2023-2028.
Automotive Blind Spot Detection System Market Size in 2022
US$ 4.9 Billion
Automotive Blind Spot Detection System Market Forecast in 2028
US$ 9.8 Billion
Automotive Blind Spot Detection System Market Growth Rate 2023-2028
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 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 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)
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:
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.
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).
Base Year of the Analysis
Vehicle Type, Technology, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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)
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Key Questions Answered in This Report
The global automotive blind spot detection system market was valued at US$ 4.9 Billion in 2022.
We expect the global automotive blind spot detection system market to exhibit a CAGR of 12.1% during 2023-2028.
The rising consumer safety concerns regarding vehicle safety, along with the increasing integration of smart mirrors and multicamera systems with the blind spot detection systems to offer improved convenience and enhanced safety to the users, are primarily driving the global automotive blind spot detection system market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous automobile manufacturing units, thereby negatively impacting the global market for automotive blind spot detection systems.
Based on the vehicle type, the global automotive blind spot detection system market can be segmented into passenger cars and commercial vehicles. Currently, passenger cars hold the majority of the total market share.
Based on the technology, the global automotive blind spot detection system market has been divided into radar sensor, ultrasonic sensor, LIDAR sensor, and others. Among these, radar sensor currently exhibits a clear dominance in the market.
Based on the end user, the global automotive blind spot detection system market can be categorized into Original Equipment Manufacturers (OEM) and aftermarket. Currently, Original Equipment Manufacturers (OEM) account for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global automotive blind spot detection system market include 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).
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