Global Automotive Blind Spot Detection System Market

Automotive Blind Spot Detection System Market Size, Share, Growth Analysis, By Technology (Radar, Camera), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Propulsion Type, By Sales Channel, By Region - Industry Forecast 2025-2032


Report ID: SQSG45I2030 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 63 | Figures: 75

Automotive Blind Spot Detection System Market Dynamics

Automotive Blind Spot Detection System Market Driver

It is expected that strict safety regulations will drive the market.

  • Around 1.25 million people per year perish in traffic accidents, according to the WHO. Governments have imposed strict regulations on automotive manufacturers to equip cutting-edge safety features that help save the lives of passengers in the vehicles in order to reduce the rising number of traffic accidents. Leading manufacturers have made significant R&D investments to redesign their cars to reduce the blind spot detection area. The area of the vehicle can be seen more clearly by reducing the size of the A-pillar and increasing the size of the side viewing mirror. Due to the fact that heavy-duty trucks and trailers have a large blindspot area, numerous transportation associations and unions have established safety regulations for the installation of these systems in commercial vehicles.

Consumers' Increasing Preference for Safety Solutions Will Support Growth

  • The market for blind spot detection systems has benefited from consumers' growing preference for enhanced safety features. The demand for BSD has increased due to the increasing number of traffic accidents worldwide. The demand for BSD technology is being fueled by rising disposable income and a shift in consumer preference toward buying cars with BSD instead of wide mirrors. The combination of ADAS and blindspot technology is also growing in popularity with consumers because it automatically assists in avoiding obstacles. The BSD works in conjunction with RADAR technology to keep the car in its lane and prevent it from deviating from the path.

Automotive Blind Spot Detection System Market Restraint

Poor weather will continue to restrain the expansion of a select number of regional markets.

  • Over the course of the forecast period, regions with extreme weather, such as fog, snowfall, and rainfall, are expected to restrain market growth. The blind spot detection system is ineffective in the region with the harsh climate. Extreme weather makes it difficult to see, and camera-based systems produce blurry images because of the heavy accumulation of fog or moisture on the camera's lens. Utilizing camera-based technology in severe weather could harm the camera's lens. It is also expected that the high repair costs of camera-based BSD will restrain market expansion.
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Global Automotive Blind Spot Detection System Market size was valued at USD 2.42 billion in 2022 and is poised to grow from USD 2.72 billion in 2023 to USD 8.89 billion by 2031, growing at a CAGR of 12.24% in the forecast period (2024-2031).

In the regions of Europe and Asia Pacific, Continental AG is a major player. The business provides cutting-edge components and blind spot detection systems to various automakers. High R&D expenditures have led to the development of technologically advanced components that are competitively priced. 'Robert Bosch GmbH ', 'Continental AG ', 'DENSO Corporation ', 'Magna International Inc. ', 'Valeo ', 'ZF Friedrichshafen AG ', 'Autoliv Inc. ', 'Delphi Technologies Plc ', 'Mando Corporation ', 'Sensata Technologies (Preco Electronics) ', 'Infineon Technologies AG ', 'NXP Semiconductors ', 'Smart Microwave Sensors GmbH ', 'Ficosa International S.A. ', 'Stoneridge, Inc. ', 'VOXX Electronics Corp. ', 'Exeros Technologies Ltd. ', 'Rear View Safety, Inc. ', 'Quanzhou Minpn Electronic Co., Ltd. ', 'Aptiv PLC'

Around 1.25 million people per year perish in traffic accidents, according to the WHO. Governments have imposed strict regulations on automotive manufacturers to equip cutting-edge safety features that help save the lives of passengers in the vehicles in order to reduce the rising number of traffic accidents. Leading manufacturers have made significant R&D investments to redesign their cars to reduce the blind spot detection area. The area of the vehicle can be seen more clearly by reducing the size of the A-pillar and increasing the size of the side viewing mirror. Due to the fact that heavy-duty trucks and trailers have a large blindspot area, numerous transportation associations and unions have established safety regulations for the installation of these systems in commercial vehicles.

A growing trend in the market for blind spot detection systems is consumers' increasing propensity for CMOS image sensors. The cameras in conventional vehicles used charged coupled device (CCD) technology to produce distorted images on the infotainment screen. In order to offer high-resolution technology that is invisible to CCD technology devices, major OEMs have heavily invested in developing advanced image sensor technology. A significant market trend is the increase in demand for CMOS image sensors to improve vehicle safety.

Over the forecast period, Asia Pacific is expected to rule the market. The rapid expansion of Asia Pacific in this market is being fueled by the simple accessibility of raw materials and the low-cost mass production of blind spot detection (BSD) system technology. Consumers' changing preference for mid-level to premium vehicle models has been influenced by rising disposable income. In terms of market share, North America is expected to be in second place. North America continues to hold the second-largest position thanks to strict safety regulations imposed by the government. The rating system for vehicles has been enhanced by ruling bodies in this region, which has forced manufacturers to increase production.

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Global Automotive Blind Spot Detection System Market

Report ID: SQSG45I2030

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