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The global automotive blind spot detection system market size was valued at USD 6.02 billion in 2022. The market is projected to grow from USD 7.22 billion in 2023 to USD 23.97 billion by 2030, exhibiting a CAGR of 18.7% during the forecast period.
Blind Spot Detection (BSD) is a sensor-based safety feature that detects obstacles and pedestrians around vehicles. A blind spot is caused by passengers sitting inside the vehicle, window pillars, and incorrect rear viewing mirrors and headrest arrangements. A blind spot detection system warns the driver about any obstacle, which is not in the viewing range. The warning generated is in various forms, such as vibrating of the steering, a small pulsating sound inside the driver's cabin, and flashing of light on the infotainment screen or on the instrument cluster. This system also provides the driver with cross-traffic alert and helps to avoid collision.
BSD uses ultrasonic, RADAR, and camera-based technology to detect any obstacle nearing the vehicle. If the sensor detects any obstacle nearing the vehicle, it alerts the driver. Furthermore, if the driver fails to maintain the distance between the obstacle and the vehicle, this system automatically steers the vehicle away from the nearing object. The use of these systems provides a comprehensive view of the vehicle's surroundings, helping occupants to proactively identify potential hazards.
Moreover, economic factors such as rising disposable income and low-interest rates have contributed significantly to the increase in car sales. Increasing investment in the development of the automotive industry in Canada, Japan, the U.K., China, India, Germany, and the U.S. has contributed to the growth of the market. For instance, in February 2023, the Canadian government announced plans to invest in an end-to-end electric vehicle supply chain to achieve a zero-emission target by 2050.
Disruption in the Supply Chain and Travel Restrictions Hindered Market Growth amid the Pandemic
The COVID-19 pandemic severely impacted the automotive industry across the globe. Various countries worldwide implemented nationwide lockdown norms to prevent the spread of the virus. Auto sales plunged sharply in the second half of 2020 due to the pandemic and strict social distancing regulations. Stringent social distancing norms and nationwide lockdowns resulted in the complete closure of various OEM units, halting the movement of raw materials, directly or indirectly affecting thousands of dependent workers and the industry. Besides, lockdowns, unemployment, and wage cuts exponentially reduced car needs. This has also significantly reduced the purchasing power of the consumer.
In the second half of 2021, multiple countries worldwide implemented large-scale vaccination campaigns to limit the spread of the virus. These factors have gradually increased the demand in the automotive market, boosting the global automotive blind spot detection system market growth during the forecast period. For instance, in 2021, the total net sales of Robert Bosch increased by 16% compared to 2021.
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Increasing Adoption of Connected Vehicle Technology to Drive the Market Growth
Connected vehicles play an important role in improving automotive blind spot detection systems. Connected car technology provides real-time information about the presence of other vehicles in adjacent lanes and helps prevent blind spot accidents. Automotive blind spot detection systems leverage connected vehicle technologies such as vehicle-to-vehicle (V2V) communication, vehicle-to-infrastructure (V2I) communication, cloud connectivity, joint perception, data analytics, and machine learning.
Connected blind spot detection systems can use data analytics and machine learning algorithms to process and analyze vast amounts of information received from other vehicles and infrastructure. This allows the system to recognize patterns, predict potential risks, and improve blind spot detection accuracy. Similarly, V2I technology involves information exchange between vehicles and roadside infrastructure such as traffic lights and road sensors. In relation to blind spot detection, V2I communication can provide vehicles with additional data such as the presence of roadworks or dangerous road conditions that can affect blind spot visibility. The introduction of such advanced technology is one of the major trends in this market.
Stringent Government Regulations toward Vehicle Safety to Drive the Market over the Forecast Period
According to the World Health Organization (WHO), about 1.25 million people die each year in road accidents. To curb the rising number of traffic accidents, governments are imposing stringent regulations on automakers to equip them with advanced safety features that save the lives of occupants in their vehicles. Leading manufacturers invest heavily in research and development by redesigning vehicles to minimize blind spot detection areas. By reducing the size of the A-pillar and enlarging the side mirrors, the visibility of the vehicle's blind spot detection area is improved. Heavy trucks and trailers have large blind spots. Therefore, various transport associations and unions have issued safety regulations for the installation of these systems on commercial vehicles. For instance, Transport for London (TFL), announced in February 2023 that by 2024 all trucks over 12 tonnes will be required to have blind spot cameras.
Growing Inclination of Consumers toward Vehicle Safety to Propel the Market Expansion
Growing consumer desire for improved safety features is surging the demand for automotive blind spot detection system. Due to increasing number of traffic accidents across the globe, the demand for these systems is expected to increase during the forecast period. Rising disposable income and changing consumer preference to purchase vehicles with BSD over wide mirrors have increased the demand for BSD technology. Blind spot technology combined with ADAS technology is also gaining popularity among consumers as the system automatically avoids obstacles. BSD works with RADAR technology to keep the vehicle in the same lane and prevent the vehicle from straying from its lane. In addition, the sales of vehicles equipped with such features due to consumer preferences are expected to propel the market growth.
Installation of Blind Spot Detection Sensor Behind Bumper Cover to Hamper the Growth of the Market
Blind spot monitoring systems primarily use radar sensors behind the rear bumper. Radar sensors emit radio waves that are reflected by objects. The time it takes for the radio waves to return indicates the information on object structure such as distance from vehicles, direction of travel, and its size. Since the radar is behind the bumper cover, the radio waves emitted by the sensor penetrate the ground in front. Radio waves slow down when they penetrate the plastic bumper cover. This is programmed into the radar sensor to account for the speed reduction. However, other substances, such as bumper repair material in the sensor's field of view, can further slow the radio waves. This can lead to inaccurate readings from radar devices. Many OEMs warn against repairing damaged bumper covers in front of or near BSD sensors.
Additionally, dirt, rain, snow, stickers, and other weather conditions can affect sensor performance. Radars are designed to bounce off metal objects. For this reason, any kind of metallic or reflective tape, sticker, or material can completely block the radar. Restorative materials can also cause problems with radar sensors. As with some metals in restoratives, the excessive build-up of restoratives can block radar waves.
Radar Segment to Dominate Owing to Precise Operation Compared to Cameras and Ultrasonic Sensors
Based on component type, the market is segmented into ultrasonic, RADAR, and camera. Due to its precise operation, the RADAR segment is expected to dominate the market during the forecast period. Rising demand for automotive safety installations will help maintain RADAR's dominance throughout the forecast period. RADAR uses radio waves that can be easily transmitted through the atmosphere. Automotive radar is, therefore, primarily used for object detection applications. There are three types of automotive RADAR, long-range, medium-range, and short-range. The long-range radar has a range of 10-250 meters, the medium-range radar has a range of 1-60 meters, and the short-range radar, 0.5-20 meters. Medium- and short-range radars detect obstacles around the vehicle, help keep a safe distance from obstacles, and stay in the same lane. Short-range radars are used in vehicles' parking assistants to assist drivers when parking in congested areas.
Camera-based BSDs are expected to occupy the second-largest position in the market. Advanced cameras combined with CMOS image sensors are expected to occupy the second-largest position in the market. CMOS image sensor cameras are very efficient and inexpensive compared to traditional Charge-Coupled Device (CCD) cameras. CMOS cameras consume less power and provide HD images of obstacles. CMOS image sensors work even in extreme weather conditions. Ultrasonic sensors are also expected to show good growth during the forecast period. Ultrasonic sensors emit sound waves to detect obstacles around the vehicle. Poor accuracy is responsible for the slowness of this system during the forecast period.
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Passenger Cars Segment to Lead the Market Owing to Increasing Vehicle Production
By vehicle type, the market is categorized into commercial vehicles and passenger cars. The passenger cars segment is expected to dominate the market during the forecast period. Stringent government regulations to equip vehicles with driver assistance systems that improve vehicle safety are fueling the growth of the passenger cars segment. Further, increasing global vehicle production is also one of the key factors in maintaining the dominance of the passenger cars segment. With significant investments in R&D and continued technological development by automakers, automotive blind spot detection systems are becoming more cost-effective and easier to use in all vehicle models. Significant growth is expected for the commercial vehicle sector during the forecast period. The booming e-commerce and logistics industry has increased the demand for commercial vehicles with BSD systems. Large vehicles, such as trucks and trailers, have large blind spots and are particularly prone to accidents at the rear of the vehicle. Prominent growth is expected during the forecast period due to increasing BSD adoption in these vehicles.
Asia Pacific Automotive Blind Spot Detection System Market Size, 2022 (USD Billion)
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Geographically, the market is analyzed across Europe, Asia Pacific, North America, and the rest of the world.
Asia Pacific currently dominates the automotive blind spot detection system market share. The availability of raw materials at a low cost and mass production of this technology is driving the growth of the Asia Pacific market. Manufacturers in the region focus on developing high-end applications to attract more consumers and gain an edge over their competitors. High demand for BSD sensors from North America and Europe has led to high sales in the Asia Pacific region. Rising consumer disposable income has changed vehicle purchasing preferences from entry-level to mid-range models.
Europe is expected to hold the second-largest position in the market. The Europe market was valued at USD 1.27 billion in 2022 and is projected to reach USD 5.56 billion by 2030, at a CAGR of 19.9% over the forecast period.
Europe holds the largest market share in unit sales, driven by supporting initiatives such as EuroNCAP, which promotes easy in-vehicle integration of safety features. Most German automotive industries invest almost one-third of their turnover in research and development of safety features. With its advanced infrastructure, Germany is expected to hold the largest market share in the region during the forecast period. In addition, the presence of major key players in the region and growing consumer awareness of vehicle safety are expected to drive the regional growth.
North America is anticipated to show lucrative growth over the forecast period. Ruling bodies in this region have increased the vehicle's rating system, forcing the manufacturers to produce vehicles that meet the government's safety standards. The adoption of sensor-based technologies is increasing in the automotive sector. Therefore, the demand for the advanced driver assistance systems will increase the demand for these systems over the forecast period.
Companies are Focusing on Partnerships, Acquisition, and Building Advanced Radar to Gain a Competitive Edge
A few leading automotive blind spot detection system companies dominate the global market due to their critical strategic decisions, market share dominance, and robust product portfolio. These include a group of four to five key companies with more extensive geographic presence and persistent R&D, resulting in secure regulatory approvals.
An Infographic Representation of Automotive Blind Spot Detection System Market
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The report provides detailed analysis of the industry and focuses on key aspects such as leading companies, vehicle types, and component types. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the market growth in recent years.
CAGR of 18.7% from 2023 to 2030
Value (USD Billion)
By Component Type
By Vehicle Type
A study by Fortune Business Insights shows that the market size was USD 6.02 billion in 2022.
The market is likely to grow at a CAGR of 18.7% over the forecast period (2023-2030).
The passenger cars segment is expected to be the leading segment in the global market during the forecast period.
Bosch GmbH, Continental AG, and Denso Corporation are the key players in the global market.
Asia Pacific is expected to hold the highest global market share.
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