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PUBLISHER: KBV Research | PRODUCT CODE: 1548660
PUBLISHER: KBV Research | PRODUCT CODE: 1548660
Asia Pacific Automotive Blind Spot Detection System Market Size, Share & Trends Analysis Report By Propulsion Type, By Technology, By Vehicle Type, By Country and Growth Forecast, 2024 - 2031
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The Asia Pacific Automotive Blind Spot Detection System Market would witness market growth of 10.8% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Automotive Blind Spot Detection System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $669.8 Million by 2031. The Japan market is registering a CAGR of 10.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 11.5% during (2024 - 2031).
Automakers are partnering with specialized technology providers and suppliers to develop and integrate BSD systems. These collaborations drive innovation and accelerate the adoption of BSD systems by leveraging the expertise of technology companies. In addition, government regulations and safety standards encourage the adoption of BSD systems. Regulatory mandates in regions with stringent safety requirements drive automakers to include BSD systems in their vehicles to comply with safety regulations.
Moreover, commercial fleet operators are adopting BSD systems to enhance safety and reduce operational risks. Using BSD systems in fleet vehicles helps mitigate blind spot-related accidents and lowers insurance costs, making it a valuable investment for fleet managers. Increasing awareness among consumers about the benefits of BSD systems is driving adoption. Educational campaigns and marketing efforts highlight the advantages of these systems in preventing accidents and improving road safety.
The development of autonomous vehicles in China drives demand for advanced sensor technologies, including those used in BSD systems. Autonomous vehicles require highly accurate detection systems to ensure safety, boosting the market for sophisticated BSD solutions. According to the International Trade Administration (ITA), by 2025, partial and conditional automation vehicles are expected to account for over 50% of new vehicle sales in China. The Chinese government has also set certain goals for the ICV industry by 2030. As China advances its autonomous vehicle industry, new regulations and standards are introduced to ensure vehicle safety. These regulations often mandate the inclusion of BSD systems in autonomous vehicles, driving their adoption in the market. The rise in road accidents has prompted the Indian government to implement stricter road safety measures and initiatives. This includes pushing for adopting advanced safety technologies like BSD systems to reduce accident rates and enhance vehicle safety. These accidents resulted in 1,68,491 fatalities and 4,43,366 injuries. This represents an 11.9% increase in accidents, a 9.4% increase in fatalities, and a 15.3% increase in injuries compared with the previous year. In conclusion, the rising autonomous vehicle industry and increasing road accidents in the region drive the market's growth.
Based on Propulsion Type, the market is segmented into ICE, and Electric. Based on Technology, the market is segmented into Radar, Camera, and Ultrasonic. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- ZF Friedrichshafen AG
- Valeo SA
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Mercedes-Benz Group AG
- Magna International, Inc.
- Intel Corporation
- Forvia SE
- Aptiv PLC
- Autoliv, Inc.
Asia Pacific Automotive Blind Spot Detection System Market Report Segmentation
By Propulsion Type
- ICE
- Electric
By Technology
- Radar
- Camera
- Ultrasonic
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific Automotive Blind Spot Detection System Market, by Propulsion Type
- 1.4.2 Asia Pacific Automotive Blind Spot Detection System Market, by Technology
- 1.4.3 Asia Pacific Automotive Blind Spot Detection System Market, by Vehicle Type
- 1.4.4 Asia Pacific Automotive Blind Spot Detection System Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.2.5 Trials and Approvals
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Dec - 2024, Mar) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type
- 5.1 Asia Pacific ICE Market by Country
- 5.2 Asia Pacific Electric Market by Country
Chapter 6. Asia Pacific Automotive Blind Spot Detection System Market by Technology
- 6.1 Asia Pacific Radar Market by Country
- 6.2 Asia Pacific Camera Market by Country
- 6.3 Asia Pacific Ultrasonic Market by Country
Chapter 7. Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type
- 7.1 Asia Pacific Passenger Cars Market by Country
- 7.2 Asia Pacific Commercial Vehicles Market by Country
Chapter 8. Asia Pacific Automotive Blind Spot Detection System Market by Country
- 8.1 China Automotive Blind Spot Detection System Market
- 8.1.1 China Automotive Blind Spot Detection System Market by Propulsion Type
- 8.1.2 China Automotive Blind Spot Detection System Market by Technology
- 8.1.3 China Automotive Blind Spot Detection System Market by Vehicle Type
- 8.2 Japan Automotive Blind Spot Detection System Market
- 8.2.1 Japan Automotive Blind Spot Detection System Market by Propulsion Type
- 8.2.2 Japan Automotive Blind Spot Detection System Market by Technology
- 8.2.3 Japan Automotive Blind Spot Detection System Market by Vehicle Type
- 8.3 India Automotive Blind Spot Detection System Market
- 8.3.1 India Automotive Blind Spot Detection System Market by Propulsion Type
- 8.3.2 India Automotive Blind Spot Detection System Market by Technology
- 8.3.3 India Automotive Blind Spot Detection System Market by Vehicle Type
- 8.4 South Korea Automotive Blind Spot Detection System Market
- 8.4.1 South Korea Automotive Blind Spot Detection System Market by Propulsion Type
- 8.4.2 South Korea Automotive Blind Spot Detection System Market by Technology
- 8.4.3 South Korea Automotive Blind Spot Detection System Market by Vehicle Type
- 8.5 Singapore Automotive Blind Spot Detection System Market
- 8.5.1 Singapore Automotive Blind Spot Detection System Market by Propulsion Type
- 8.5.2 Singapore Automotive Blind Spot Detection System Market by Technology
- 8.5.3 Singapore Automotive Blind Spot Detection System Market by Vehicle Type
- 8.6 Malaysia Automotive Blind Spot Detection System Market
- 8.6.1 Malaysia Automotive Blind Spot Detection System Market by Propulsion Type
- 8.6.2 Malaysia Automotive Blind Spot Detection System Market by Technology
- 8.6.3 Malaysia Automotive Blind Spot Detection System Market by Vehicle Type
- 8.7 Rest of Asia Pacific Automotive Blind Spot Detection System Market
- 8.7.1 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type
- 8.7.2 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Technology
- 8.7.3 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type
Chapter 9. Company Profiles
- 9.1 Robert Bosch GmbH
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Continental AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Denso Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 ZF Friedrichshafen AG
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Valeo SA
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Geographical Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Infineon Technologies AG
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 NXP Semiconductors N.V.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Magna International, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Forvia SE
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 SWOT Analysis
- 9.10. Mercedes-Benz Group AG
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Trials and Approvals:
- 9.10.6 SWOT Analysis
- 9.11 Intel Corporation
- 9.11.1 Company Overview
- 9.11.2 Financial Analysis
- 9.11.3 Segmental and Regional Analysis
- 9.11.4 Research & Development Expenses
- 9.11.5 Recent strategies and developments:
- 9.11.5.1 Mergers and Acquisitions:
- 9.11.6 SWOT Analysis
- 9.12 Aptiv PLC
- 9.12.1 Company Overview
- 9.12.2 Financial Analysis
- 9.12.3 Segmental and Regional Analysis
- 9.12.4 Research & Development Expense
- 9.12.5 SWOT Analysis
- 9.13 Autoliv, Inc.
- 9.13.1 Company Overview
- 9.13.2 Financial Analysis
- 9.13.3 Regional Analysis
- 9.13.4 Research & Development Expense
- 9.13.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 Asia Pacific Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Automotive Blind Spot Detection System Market
- TABLE 4 Product Launches And Product Expansions- Automotive Blind Spot Detection System Market
- TABLE 5 Acquisition and Mergers- Automotive Blind Spot Detection System Market
- TABLE 6 Geographical Expansions - Automotive Blind Spot Detection System Market
- TABLE 7 Trials and Approvals- Automotive Blind Spot Detection System Market
- TABLE 8 Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 9 Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 10 Asia Pacific ICE Market by Country, 2020 - 2023, USD Million
- TABLE 11 Asia Pacific ICE Market by Country, 2024 - 2031, USD Million
- TABLE 12 Asia Pacific Electric Market by Country, 2020 - 2023, USD Million
- TABLE 13 Asia Pacific Electric Market by Country, 2024 - 2031, USD Million
- TABLE 14 Asia Pacific Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 15 Asia Pacific Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 16 Asia Pacific Radar Market by Country, 2020 - 2023, USD Million
- TABLE 17 Asia Pacific Radar Market by Country, 2024 - 2031, USD Million
- TABLE 18 Asia Pacific Camera Market by Country, 2020 - 2023, USD Million
- TABLE 19 Asia Pacific Camera Market by Country, 2024 - 2031, USD Million
- TABLE 20 Asia Pacific Ultrasonic Market by Country, 2020 - 2023, USD Million
- TABLE 21 Asia Pacific Ultrasonic Market by Country, 2024 - 2031, USD Million
- TABLE 22 Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 23 Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 24 Asia Pacific Passenger Cars Market by Country, 2020 - 2023, USD Million
- TABLE 25 Asia Pacific Passenger Cars Market by Country, 2024 - 2031, USD Million
- TABLE 26 Asia Pacific Commercial Vehicles Market by Country, 2020 - 2023, USD Million
- TABLE 27 Asia Pacific Commercial Vehicles Market by Country, 2024 - 2031, USD Million
- TABLE 28 Asia Pacific Automotive Blind Spot Detection System Market by Country, 2020 - 2023, USD Million
- TABLE 29 Asia Pacific Automotive Blind Spot Detection System Market by Country, 2024 - 2031, USD Million
- TABLE 30 China Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 31 China Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 32 China Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 33 China Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 34 China Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 35 China Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 36 China Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 37 China Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 38 Japan Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 39 Japan Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 40 Japan Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 41 Japan Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 42 Japan Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 43 Japan Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 44 Japan Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 45 Japan Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 46 India Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 47 India Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 48 India Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 49 India Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 50 India Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 51 India Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 52 India Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 53 India Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 54 South Korea Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 55 South Korea Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 56 South Korea Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 57 South Korea Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 58 South Korea Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 59 South Korea Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 60 South Korea Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 61 South Korea Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 62 Singapore Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 63 Singapore Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 64 Singapore Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 65 Singapore Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 66 Singapore Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 67 Singapore Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 68 Singapore Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 69 Singapore Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 70 Malaysia Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 71 Malaysia Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 72 Malaysia Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 73 Malaysia Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 74 Malaysia Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 75 Malaysia Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 76 Malaysia Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 77 Malaysia Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 78 Rest of Asia Pacific Automotive Blind Spot Detection System Market, 2020 - 2023, USD Million
- TABLE 79 Rest of Asia Pacific Automotive Blind Spot Detection System Market, 2024 - 2031, USD Million
- TABLE 80 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type, 2020 - 2023, USD Million
- TABLE 81 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Propulsion Type, 2024 - 2031, USD Million
- TABLE 82 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Technology, 2020 - 2023, USD Million
- TABLE 83 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Technology, 2024 - 2031, USD Million
- TABLE 84 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type, 2020 - 2023, USD Million
- TABLE 85 Rest of Asia Pacific Automotive Blind Spot Detection System Market by Vehicle Type, 2024 - 2031, USD Million
- TABLE 86 Key Information - Robert Bosch GmbH
- TABLE 87 Key Information - Continental AG
- TABLE 88 Key Information - Denso Corporation
- TABLE 89 Key Information - ZF Friedrichshafen AG
- TABLE 90 Key Information - Valeo SA
- TABLE 91 Key Information - Infineon Technologies AG
- TABLE 92 Key Information - NXP Semiconductors N.V.
- TABLE 93 Key Information - Magna International, Inc.
- TABLE 94 Key Information - Forvia SE
- TABLE 95 key information - Mercedes-Benz Group AG
- TABLE 96 Key Information - Intel Corporation
- TABLE 97 Key Information - Aptiv PLC
- TABLE 98 Key Information - Autoliv, Inc.
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