Automotive Blind Spot Detection System Market Size, Share, Growth Analysis, By Component(BSD, Park Assist, Backup Camera, Surround View & Virtual Pillar.), By Application(Passenger Vehicles, Commercial Vehicles.), By Region - Industry Forecast 2024-2031

Automotive Blind Spot Detection System Market size was valued at USD 2.42 billion in 2019 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).

A sensor-based device called the automobile blind spot detection (BSD) system aids in vehicle control and increases passenger safety. Through inbuilt sensors and digital cameras that make use of electromagnetic waves or photos that have been processed by a computer, it assists in detecting objects that are outside the vehicle's mirrors or bumper. To warn the driver about objects in the blind spots of the adjacent lanes of traffic, it produces tactile, auditory, vibrating, or visual signals.

The term "blind spot detection system" describes how certain parts, sensors, and accessories are integrated onto cars. They work together so that the driver can be alerted to any impediments or cars that are approaching from the driver's blind side or are very close to the vehicle. These parts often consist of mirrors, sensors, alarms, and visualisation systems that give the driver better blind-side protection and control.

One of the key factors propelling the growth of the automotive blind spot detection system market is the increase in demand for high-end vehicles across the globe. Government safety regulations that are becoming more strict and the development of new products like at-home test drives, review videos, and digital showrooms all contribute to the market's rapid expansion. The market is also influenced by the increased usage of safety services and technology due to the strict government rules put in place to prevent collisions and accidents, as well as the concentration of car manufacturers on meeting these criteria.

US Automotive Blind Spot Detection System Market  is poised to grow at a sustainable CAGR for the next forecast year.