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Pulished Date August, 2021
ID: 10069
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Blind Spot Monitor Market Segmentation By Type (Passenger, Commercial), By Product (RADAR Sensor, Ultrasonic Sensor), By Application (OEM, Aftermarket) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: August, 2021
ID: 10069
Pages: 175

Market Overview:

The global blind spot monitor market is anticipated to progress with a robust CAGR of 12.4% over the foreseen years to arrive up to US$ 3.0 billion by 2026.

The blind spot monitor is an automobile built sensor device that senses various vehicles located to the driver’s side. Warnings from the system are generated and may be in forms like audible, tactile, visual or vibrating. Blind spot monitors may do quite monitoring from the edges and rear of the car. They'll also incorporate cross traffic alert, which warns person retreating of a parking lot when traffic is reaching from sides. The main feature of blind spot monitoring can be a key technology among driving aids that provides 360 degree electronic coverage around the car and security in the circle also includes adaptive control, front parking sensor and rare, parking cameras and lane departure warning. Increased safety of the driving forces will as a result encourage various OEMs to manufacture parts which supplies the features like high strength and guide the driver by using advanced safety technologies.

Increased interest for safety solutions, the introduction of more stringent government programs, advancement in technology, and growing production of luxury vehicles are the key factors that are directly contributing to the rising demand for blind spot monitors within the automotive industry.

Recent Developments:

  •  Continental’s fifth-generation radar sensors that comprise capabilities like enhanced object detection, make it possible to deliver a high-performance hand brake assist system. An outsized number of rear-end collisions might be prevented with an hand brake assist – even within the case of intersecting and oncoming traffic – within the not too distant future.
  •  The Bosch view assist may be a driver assistance system that help out drivers when changing lanes and warns them of dangers.
  •  ZF presents solutions which will help make trucks safer in inner-city traffic using a radar-based turn assist system to watch the whole right vehicle side. The system tackles the challenge of blind spots given by current mirror configurations. The driving force is given a warning as soon as other road users approach the blind spot or collision zone. This can be developed in the Side Vision Assist system, which can further incorporate images from the camera. 

Drivers and Restraints of Blind Spot Monitor Market:

Drivers:

The factors expected to spice up the expansion of the global blind spot monitor market comprise growing industrialization within the emerging regions with rising government investments, advanced technologies, low-cost labor, and expanding disposable incomes. Additionally, the government policies favoring the Blind Spot Monitoring market, alternative sources for automotive production, and growing interest in automated automobiles are expected to provide future opportunities for the expansion of this market. However, hike in number of road accidents, and increasing awareness about road safety is the major factors spurring the market growth.

Restraints:

However, higher cost of technology, and availability of system in luxury vehicles is predicted to restrain the growth of overall market.

Market Segmentation:

By Application:

  • OEM
  • After Market

OEM is anticipated to continue as the largest end-user within the global blind spot monitoring market over the foreseen period. In 2017, this end-user type holds quite 90% of the worldwide market. Because of high demand for blind spot detection in luxury vehicles, OEM segment is predicted to continue its growth within the global blind spot monitoring market.

 By Type:

  •  Passenger
  • Commercial

Regulations of state have made passenger safety a primary concern for all the automotive manufacturers. Safety systems assist keep car in check, to stop vehicle accidents, and protect passengers from injuries. These systems are fully automated in order that human error are often compensated; therefore, such devices help and stop from crash. There are various systems involved, such as electronic control units such as adaptive control, night vision systems, engine stability programs, LDWS, and intelligent parking assistance systems that are increasingly used in automobiles. All major luxury car manufacturers, like BMW, Mercedes-Benz, and Audi are incorporating a better amount of advanced safety features include of blind spot detection in their models.

 By Product:

  • RADAR Sensor
  • Ultrasonic Sensor

The radar device is predicted to stay the perennial sensor choice within the international automotive blind spot monitoring market throughout the planned period, and moreover, it's expected to expertise the quickest growth throughout a similar period. Radar provides 360-degree coverage round the car, hence, making it the foremost effective sensor for the blind spot detection system.

 

Blind Spot Monitor Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada 
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is the biggest market for automotive blind spot noticing system as both are the homes of major blind spot detection system manufacturers and manufacturing capitals of luxury cars. Also, the introduction of more stringent programs, like The Us New Car Assessment Program (US NCAP) is supporting the interest for advanced safety features within the automobiles including blind spot detection. Asia-Pacific is predicted to witness the fastest growth during the foreseen phase, driven by Japan, China, and India. Rising production of luxury vehicles and improving safety standards and measures taken by the govt. to mitigate road accidents would continue driving the demand for blind spot monitoring in the area.

Impact of COVID-19 on the Blind Spot Monitor market:

The COVID-19 event is currently moving around the world, a path of destruction in its wake. This report analyzes the impact of the virus on large companies in the automobile industry. The report analyzes the impact of COVID-19 on the global blind spot monitor market and how it is estimated to perform in the next few years.

Key Players of Market:

Continental AG, Denso Corporation, Robert Bosch, Delphi Automotive, and Autoliv Inc. are the dominant players in the global automotive blind spot monitor market. Other manufacturers are ZF TRW, Xiamen Autostar Electronics, Auto-i Corp, Valeo S.A., Ficosa International, and Preco Electronics

1. Introduction                         

          1.1 Market Definition               

          1.2 Scope of the report            

          1.3 Study Assumptions            

          1.4 Base Currency, Base Year and Forecast Periods                  

2. Research Methodology                            

          2.1 Analysis Design                 

          2.2 Research Phases                

                    2.2.1 Secondary Research        

                    2.2.2 Primary Research  

                    2.2.3 Data Modelling     

                    2.2.4 Expert Validation  

          2.3 Study Timeline                   

3. Report Overview                             

          3.1 Executive Summary           

          3.2 Key Inferencees                  

4. Market Dynamics                           

          4.1 Impact Analysis                  

                    4.1.1 Drivers        

                    4.1.2 Restaints     

                    4.1.3 Opportunities       

          4.2 Regulatory Environment              

          4.3 Technology Timeline & Recent Trends            

5. Competitor Benchmarking Analysis                            

          5.1 Key Player Benchmarking            

                    5.1.1 Market share analysis     

                    5.1.2 Products/Service   

                    5.1.3 Regional Presence 

          5.2 Mergers & Acquistion Landscape          

          5.3 Joint Ventures & Collaborations            

6. Market Segmentation                    

          6.1 Blind Spot Monitor Market, By Type                

                    6.1.1 Passenger   

                    6.1.2 Commercial

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)

                    6.1.4 Y-o-Y Growth Rate Analysis    

                    6.1.5 Market Attractiveness Index    

          6.2 Blind Spot Monitor Market, By Application               

                    6.2.1 OEM  

                    6.2.2 Aftermarket

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)

                    6.2.4 Y-o-Y Growth Rate Analysis    

                    6.2.5 Market Attractiveness Index    

          6.3 Blind Spot Monitor Market, By Product            

                    6.3.1 RADAR Sensor       

                    6.3.2 Ultrasonic Sensor  

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)

                    6.3.4 Y-o-Y Growth Rate Analysis    

                    6.3.5 Market Attractiveness Index    

7. Geographical Landscape                          

          7.1 Global Identity Governance and Administration Market, by Region                  

          7.2 North America - Market Analysis (2018 - 2024)               

                    7.2.1 By Country  

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type       

                    7.2.3 By Application      

                    7.2.4 By Product   

          7.3 Europe            

                    7.3.1 By Country  

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type       

                    7.3.3 By Application      

                    7.3.4 By Product   

          7.4 Asia Pacific               

                    7.4.1 By Country  

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type       

                    7.4.3 By Application      

                    7.4.4 By Product   

          7.5 Latin America           

                    7.5.1 By Country  

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type       

                    7.5.3 By Application      

                    7.5.4 By Product   

          7.6 Middle East and Africa                 

                    7.6.1 By Country  

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type       

                    7.6.3 By Application      

                    7.6.4 By Product   

8. Key Player Analysis                        

          8.1 Continental AG                  

                    8.1.1 Business Description      

                    8.1.2 Products/Service   

                    8.1.3 Financials    

                    8.1.4 SWOT Analysis      

                    8.1.5 Recent Developments     

                    8.1.6 Analyst Overview  

          8.2 Denso Corporation            

          8.3 Robert Bosch            

          8.4 Delphi Automotive             

          8.5 Autoliv Inc                

          8.6 ZF TRW           

          8.7 Xiamen Autostar Electronics                  

          8.8 Auto-i Corp             

          8.9 Valeo S.A                  

          8.10 Ficosa International                   

9. Market Outlook & Investment Opportunities                        

Appendix                       

          List of Tables                 

          List of Figures                

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Blind Spot Monitor Market By Region, From 2021-2026 ( USD Billion )
  2. Global Blind Spot Monitor Market By Type, From 2021-2026 ( USD Billion )
  3. Global Passenger Market By Region, From 2021-2026 ( USD Billion )
  4. Global Commercial Market By Region, From 2021-2026 ( USD Billion )
  5. Global Blind Spot Monitor Market By Application, From 2021-2026 ( USD Billion )
  6. Global OEM Market By Region, From 2021-2026 ( USD Billion )
  7. Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )
  8. Global Blind Spot Monitor Market By Product, From 2021-2026 ( USD Billion )
  9. Global RADAR Sensor Market By Region, From 2021-2026 ( USD Billion )
  10. Global Ultrasonic Sensor Market By Region, From 2021-2026 ( USD Billion )

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