Global Automotive Blind Spot Detection Market
Posted by geeta narwade on February 25th, 2020
Global Automotive Blind Spot Detection Market was valued US$ XX Bn in 2018 and is expected to reach US$ 10.3 Bn by 2026, at a XX% CAGR of around during a forecast period.
The role of a blind spot detection system in the automotive industry remains to increase yearly, driven by the rising production of automobiles. Especially, emerging APAC, MEA, and South America continue to be a major target for blind spot detection system market suppliers. A rise in disposable incomes coupled with urban population growth remains the primary driver of blind-spot detection system market size globally. The recent trends towards increased comfort and safety concerns, luxury & advanced technologies in the automobiles industries. The report contains a detailed list of factors that will drive and restrain the growth of the global automotive blind spot detection market.
Government Regulations on Passenger Safety:
Safety systems and driver assistance help in minimizing fatalities by reducing the number of impacts. So, governments across the world are trying to implement safety regulations to improve the global safety of vehicles. Such as, the U.S mandates the inclusion of rearview cameras in all new vehicles. Also, Japan and Europe have required the inclusion of lane departure systems in all HCVs & buses.
The report on the global automotive blind spot detection market covers segments such as vehicle type, technology, and end-user. Based on end-user, OEM is expected to account for the largest XX% market share by 2026. This end-user type currently holds more than XX% of the global market in 2018 because of the high demand for BSD systems in luxury vehicles.
North America dominated the automotive blind spot detection market with more than XX% share and is expected to follow the same trend during 2019-2026. In the upcoming years, the rating system of vehicles is expected to get more stringent in North America. Therefore, to achieve top ratings, manufacturers will essential focusing on the production of vehicles that exceed federal safety standards. This will, in turn, drive the demand for automotive safety systems, boosting the global market for automotive blind spot detection in response.
The reports cover key developments in the automotive blind spot detection market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others like events and patents.
In August 2017, DENSO CORPORATION announced the obtainability of ‘24-GHz submillimetre wave rear and side radar sensor’ developed for use in Toyota’s 2018 version of Camry which will be made existing from July 2017. These sensors are expected at enhancing the detection capabilities of obstacles while having the control of autonomous braking systems so that incidences of any collisions can be reduced.
The objective of the report is to present comprehensive analysis of Global Automotive Blind Spot Detection Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Automotive Blind Spot Detection Market dynamics, structure by analyzing the market segments, and project the Global Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Blind Spot Detection Market make the report investor’s guide.
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Scope of the Global Automotive Blind Spot Detection Market
By Vehicle Type
o Light Commercial Vehicle
o Heavy Commercial Vehicle
o Buses & Coaches
By End User
Key players operating in the Global Automotive Blind Spot Detection Market
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About the Authorgeeta narwade
Joined: September 2nd, 2019
Articles Posted: 100
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