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(Transportation-News.com, November 15, 2017 ) Market Overview
Blind spot detector systems (BSM) use sensors and cameras to detect vehicles in neighboring lanes that may not be observed by the driver directly. Every year, new passenger vehicles are produced with innovative electronic and mechanical features installed to increase safety and drivability. This system warns the driver of the approaching vehicle to help assist in changing lane safely. A small number of these systems are also equipped to interfere by applying brakes and guiding the vehicle back into the clear lane if the warnings are ignored. Automotive Blind Spot Detection Systems are highly effective when the equipped vehicle is being passed, passing, or preparing to make a lane adjustment. Some systems sound a warning when the blind spot detection sensors detect that one or more automobiles have entered the driver's two rear blind zones.
This market research analysis identifies the increased adoption of automotive safety systems by carmakers as one of the primary growth factors for the blind spot detection system market. With the introduction of stringent regulations that have made passenger safety one of the major concerns, there will be an increased adoption of active safety systems by automotive manufacturers to prevent vehicle accidents and protect passengers from injury. Since active safety systems are fully automated, they aid in eliminating human error and also help prevent or minimize the effects of a crash. As a result, automotive manufacturers will start offering vehicles equipped with several active safety systems including anti-lock braking systems (ABS), engine stability programs, adaptive cruise control, blind spot detection systems, night vision systems, LDWSs, and intelligent parking assistance systems.
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Market Outlook:
Recent advances in technology in the global automobile market have augmented the position and importance of safety systems in the market.
Analysts expect the demand for automotive blind spot detection to grow considerably during the forecast period. This market is driven by an increasing emphasis on safety solutions with automakers stressing on differentiating themselves in the auto market.
Also, enactment of stern regulations by government and transport authorities, owing to an increase in accidents caused by the abrupt shifting of lanes without noticing and analyzing the rear-view and blind spot, and necessitates its adoption.
Key Players:
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
• Continental AG
• Denso Corporation
• Robert Bosch GmbH
• Ficosa International
• Delphi Automotive Plc
• Valeo S.A.
• ZF TRW
• Autoliv Inc.
• Preco Electronics
• Xiamen Autostar Electronics Co., Ltd._
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Market Segments:
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Radar Sensor
• Ultrasonic Sensor
• LIDAR Sensor
By Application, the market can be split into
• Passenger Car
• Commercial Vehicle
Regional Analysis:
• North America
• China
• Europe
• Southeast Asia
• Japan
• India
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