Automotive Blind Spot Detection System Market by Product Type, Distribution Channel, End User 2028

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Global Automotive Blind Spot Detection System Market Research Report:

The latest report by IMARC, titled “ AutomotiveBlindSpotDetectionSystemMarket:GlobalIndustryTrends,Share,Size,Growth,Opport unityandForecast2023-2028

” " the global automotive blind spot detection system market reached a value of US$ 4.9 Billion in 2022.

The automotive blind spot detection (BSD) system is a sensor-based active safety system that is designed for passenger safety. It is widely employed in automobiles to identify objects in the periphery of the vehicles with the help of embedded sensors and digital cameras that utilize electromagnetic waves or computer-processed images todetermine the presence of objects.

These systems utilize tactile, audible, vibrating or visual signals to alert the driver regarding the presence of the objects or vehicles that are present at the blind spot areas of adjacent lanes of traffic. As a result, they are widely being equipped in passenger and commercial vehicles to avoid road accidents.

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Global Automotive Blind Spot Detection System Market Trends:

The market is primarily driven by the increasing safety concerns among the users regarding vehicle safety. Coupled with the thriving automotive industry on the global level, there has been a rising demand for advanced safety technologies to be integrated with numerous automobiles. There has also been a considerable rise in the number of road accidents. This has led to the growing awareness regarding road safety among the masses, which, in turn, has impelled the demand for BSD systems in automobiles. This is also being supported by the numerous measures undertaken by the government to spread awareness regarding the importance of road safety. The market is further driven by the increasing preference for luxury vehicles that are equipped with advanced and innovative technologies, supported by the inflating disposable income levels of the masses.

Moreover, numerous players are now integrating commercial vehicles with radar-based BSD systems for long, medium and short-range object detection, which is providing a thrust to the market growth. In addition to this, they are also introducing innovative products, such as smart mirrors and multicamera systems that are extensively being integrated with the blind spot detection systems in an attempt to offer improved convenience and enhanced safety to the users. On account of the aforementioned factors, the market is expanding at a CAGR of 12.1% during 2023-2028

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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MarketSummary: BreakupbyVehicleType:

• Passenger Cars

• Commercial Vehicles

BreakupbyTechnology:

• Radar Sensor

• Ultrasonic Sensor

• LIDAR Sensor

• Others

BreakupbyEndUser:

• Original Equipment Manufacturers (OEM)

• Aftermarket

BreakupbyRegion:

• North America

• United States

• Canada

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• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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CompetitiveLandscapewithKeyPlayers:

• 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

• ZF Friedrichshafen AG (Zeppelin-Stiftung)

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