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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Blind Spot Solutions Market Outlook
The global blind spot solutions market stood at a value of nearly USD 13.39 billion in 2023. The industry is expected to grow at a CAGR of 11% during the forecast period of 2024-2032.
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The industry is being driven by the rapid technological advancements and growing consumer awareness. In semi-autonomous cars, sensors such as radar, ultrasonic, LiDAR, and cameras detect the atmosphere around the vehicle. It is also possible to use blind spot alternatives such as blind-spot detection schemes, surround-view cameras, and digital side view devices to better sense the environment. The growing adoption of these blind spot solutions is expected to drive the growth of the market.
Properties and Applications
A blind spot refers to an area in our vision-range that is not properly or clearly visible to us, but which a person should technically be able to see, like, while driving a car, the area just behind our shoulders can be considered a blind spot. The global blind spot solutions industry can be divided based on segments like product type, technology, end-market, vehicle type, and electric vehicle type.
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Based on its product type, the industry is segmented into:
- Blind Spot Detection System
- Backup Camera System
- Park Assist System
- Surround View System
- Virtual Pillars
Based on its technology, the industry is divided into camera-based systems, radar-based systems, and ultrasonic-based systems. Based on its end-market, the industry is divided into the OE market and aftermarket. Based on electrical vehicle type, the industry is categorised as BEV, FCEV, HEV, and PHEV. Based on vehicle type, the industry is categorised as passenger car, light commercial vehicle (LCV), truck, and bus.
The EMR report looks into the regional markets of blind spot solutions like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The introduction of stringent government programmes about vehicle safety, increasing consumer demand for active safety systems, the increasing adoption of smart mirrors in the automotive industry, and the growing demand for premium vehicles are driving the growth of the blind spot solutions industry globally. Further, the rising disposable incomes and the changing consumer preferences, particularly in the emerging economies, are expected to aid the industry over the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global blind spot solutions industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Robert Bosch GmbH
- Continental AG
- Denso
- Valeo
- Aptiv Inc.
- Magna International Inc.
- Autoliv
- Ficosa
- ZF Friedrichshafen
- Gentex
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Technology |
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| Breakup by End Use |
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| Breakup by Electric Vehicle Type |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global blind spot solutions market reached a value of nearly USD 13.39 billion in 2023.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 11%.
The major drivers of the market, such the increasing adoption of smart mirrors in the automotive industry and the growing demand for premium vehicles, are expected to aid the industry growth.
The rising disposable incomes and the changing consumer preferences, particularly in the emerging economies, are expected to define the market growth in the coming years.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The leading product type of blind spot solutions in the market are blind spot detection system, backup camera system, park assist system, surround view system, and virtual pillars.
The significant technology segments in the industry are camera-based systems, radar-based systems, and ultrasonic-based systems.
The major end markets in the industry are OE market and aftermarket.
The major electrical vehicle types in the market are BEC, FCEV, HEV, and PHEV.
The leading vehicle types of blind spot solutions in the industry are passenger car, light commercial vehicle (LCV), truck, and bus.
The major players in the market are Robert Bosch GmbH, Continental AG, Denso, Valeo, Aptiv Inc., Magna International Inc., Autoliv, Ficosa, ZF Friedrichshafen, Gentex, Others.
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