"Market Intelligence for High-Geared Performance"

Automotive Blind Spot Detection System Market Size, Share & COVID-19 Impact Analysis, By Component Type (Ultrasonic, RADAR, and Camera), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecasts, 2023-2030

Region : Global | Format: PDF | Report ID: FBI102044

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

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.


COVID-19 IMPACT


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.


LATEST TRENDS


Request a Free sample to learn more about this report.


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.


DRIVING FACTORS


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.


RESTRAINING FACTORS


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.


SEGMENTATION


By Component Type Analysis


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.


By Vehicle Type Analysis


To know how our report can help streamline your business, Speak to Analyst


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.


REGIONAL INSIGHTS


Asia Pacific Automotive Blind Spot Detection System Market Size, 2022 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


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.


KEY INDUSTRY PLAYERS


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.


LIST OF KEY COMPANIES PROFILED:



  • Robert Bosch GmbH (Germany)

  • Continental AG (Germany)

  • Denso Corporation (Japan)

  • Aptiv (Ireland)

  • Autoliv Inc. (Sweden)

  • Veoneer (Sweden)

  • Valeo SA (France)

  • NXP Semiconductors NV (Netherlands)

  • Texas Instruments Incorporated (U.S.)

  • ZF Friedrichshafen AG (Germany)

  • Infineon Technologies AG (Germany)

  • SerVision (Israeli)


KEY INDUSTRY DEVELOPMENTS:



  • May 2023: Porsche announced a partnership with Israel-based company Mobileye to integrate advanced driver assistance technology. As part of the partnership, Porsche will integrate Mobileye's advanced SuperVision driver assistance system into future models. SuperVision solutions enable hands-off operation in certain use cases, enabling vehicles to perform functions such as auto lane changing, collision avoidance, and blind spot detection.

  • February 2023: Tata Motors launched the latest dark edition of compact SUV namely Harrier and Safari which is a SUV; to the Indian market. The Harrier and Safari dark edition are equipped with Advanced Driver Assistance System (ADAS). The system includes features such as blind spot detection, forward collision warning, lane departure warning, and emergency braking.

  • January 2023: NXP Semiconductors released an advanced automotive 28nm RFCMOS radar-on-chip family for next-generation ADAS and autonomous driving systems. The radar provides safety-critical ADAS applications such as automatic emergency braking and blind spot detection.

  • January 2022: GILLIG LLC and RR.AI entered into an agreement to develop next-generation Advanced Driver Assistance Systems (ADAS) and SAE Level 4 Autonomous Vehicle (AV) technology for GILLIG transit buses in North America. The two companies planned to develop and test safety features such as automatic emergency braking, precise docking and automation of bus terminals, blind spot detection, and pedestrian avoidance.

  • November 2021: MG introduced its advanced 2022 MG ZS EV in the U.K. in three trim levels. All the variants consist of ADAS features such as cross traffic alert and blind spot detection with lane change assist and intelligent speed limit assist, among others.


REPORT COVERAGE


An Infographic Representation of Automotive Blind Spot Detection System Market

To get information on various segments, share your queries with us



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. 


Report Scope & Segmentation
















































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 18.7% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Component Type



  • Ultrasonic

  • RADAR

  • Camera



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicle



By Geography



  • North America (By Component Type, By Vehicle Type, By Country)

    • U.S. (By Vehicle Type, By Component Type)

    • Canada  (By Vehicle Type, By Component Type)

    • Mexico ( By Vehicle Type, By Component Type)



  • Europe (By Component Type, By Vehicle Type, By Country)

    • U.K. (By Vehicle Type, By Component Type)

    • Germany (By Vehicle Type, By Component Type)

    • France (By Vehicle Type, By Component Type)

    • Rest of Europe (By Vehicle Type, By Component Type)



  • Asia Pacific (By Component Type, By Vehicle Type, By Country)

    • China (By Vehicle Type, By Component Type)

    • Japan (By Vehicle Type, By Component Type)

    • India (By Vehicle Type, By Component Type)

    • South Korea (By Vehicle Type, By Component Type)

    • Rest of Asia Pacific (By Vehicle Type, By Component Type)



  • Rest of the World (By Component Type, By Vehicle Type)


 



Frequently Asked Questions

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.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Jul, 2023
  • 2022
  • 2019-2021
  • 200

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X