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(Transportation-News.com, December 27, 2018 )
Stratview Research has published a new research report on Automotive Blind Spot Detection System Market. This extensive report by Stratview Research analyses the growth of Automotive Blind Spot Detection System Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Technology Type (Radar Sensor, Ultrasonic Sensor, LIDAR Sensor, Other Sensors)
• By End User Type (OE, Aftermarket)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/135/automotive-blind-spot-detection-system-market.html
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Increasing demand of blind spot detection system in automotive industry
Global blind spot detection system market is projected to witness an impressive double digit CAGR of 12.4% over the next five years and reach US$ 3.0 billion in 2022. Increased demand for safety solutions, the introduction of more stringent government programs, advancement in technology, and increasing production of luxury vehicles are the key factors that are directly contributing to the increasing demand for blind spot detection system in the automotive industry.
Passenger car segment is expected to remain the largest blind spot detection market
Global automotive blind spot detection system is segmented based on vehicle type: passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. The passenger car segment is expected to remain the largest blind spot detection market over the next five years. The vehicle type is also projected to witness the fastest growth in the same period. Increasing demand for active safety systems including blind spot detection in the luxury cars is driving the vehicle segment. All major luxury car manufacturers, such as BMW, Mercedes-Benz, and Audi are incorporating a higher amount of advanced safety features including blind spot detection in their models.
Key players
Continental AG, Denso Corporation, Robert Bosch, Delphi Automotive, and Autoliv Inc. are the dominant players in global automotive blind spot detection system market. Other manufacturers include ZF TRW, Xiamen Autostar Electronics, Auto-i Corp, Valeo S.A., Ficosa International, and Preco Electronics. New product development, advancement in technology, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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