Automotive Blind Spot Detection System Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Blind Spot Detection System Trends and Forecast

The future of the global automotive blind spot detection system market looks promising with opportunities in the OEM and aftermarket markets. The global automotive blind spot detection system market is expected to reach an estimated $19.6 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are growing number of road accidents, increasing safety concerns among individuals about vehicle safety, and expanding adoption of radar-based BSD systems in commercial vehicles.

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Automotive Blind Spot Detection System by Segment

The study includes a forecast for the global automotive blind spot detection system by vehicle type, technology, end use, and region.

Automotive Blind Spot Detection System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Commercial Vehicles

Automotive Blind Spot Detection System Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Radar Sensor
• Ultrasonic Sensor
• LIDAR Sensor
• Others

Automotive Blind Spot Detection System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Automotive Blind Spot Detection System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Blind Spot Detection System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive blind spot detection system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive blind spot detection system companies profiled in this report include-

• Autoliv
• Continental Aktiengesellschaft
• Delphi Technologies
• DENSO
• Ficosa

Automotive Blind Spot Detection System Market Insights

Lucintel forecasts that passenger car is expected to witness the higher growth over the forecast period.

Within this market, OEM is expected to witness the higher growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Automotive Blind Spot Detection System Market

Market Size Estimates: Automotive blind spot detection system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive blind spot detection system market size by vehicle type, technology, end use, and region in terms of value ($B).

Regional Analysis: Automotive blind spot detection system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle types, technologies, end uses, and regions for the automotive blind spot detection system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive blind spot detection system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive blind spot detection system market size?

Answer: The global automotive blind spot detection system market is expected to reach an estimated $19.6 billion by 2030.

Q2. What is the growth forecast for automotive blind spot detection system market?

Answer: The global automotive blind spot detection system market is expected to grow with a CAGR of 14.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive blind spot detection system market?

Answer: The major drivers for this market are growing number of road accidents, increasing safety concerns among individuals about vehicle safety, and expanding adoption of radar-based BSD systems in commercial vehicles.

Q4. What are the major segments for automotive blind spot detection system market?

Answer: The future of the automotive blind spot detection system market looks promising with opportunities in the OEM and aftermarket markets.

Q5. Who are the key automotive blind spot detection system market companies?

Answer: Some of the key automotive blind spot detection system companies are as follows.

• Autoliv
• Continental Aktiengesellschaft
• Delphi Technologies
• DENSO
• Ficosa

Q6. Which automotive blind spot detection system market segment will be the largest in future?

Answer: Lucintel forecasts that passenger car is expected to witness the higher growth over the forecast period.

Q7. In automotive blind spot detection system market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive blind spot detection system market by vehicle type (passenger cars and commercial vehicles), technology (radar sensor, ultrasonic sensor, lidar sensor, and others), end use (original equipment manufacturers (OEM) and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?