Press release
Enhanced Safety on the Road: The Evolution of Automotive Blind Spot Detection Systems
The automotive blind spot detection system market is expected to witness market growth at a rate of 10.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive blind spot detection system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The expansion of the automotive sector globally is escalating the growth of automotive blind spot detection system market.
Blind spot detection system refers to the type of integration of components, sensors, and accessories on the vehicles. They are integrated in combination so the driver could be informed of vehicles/obstacles that are approaching or in close proximity of the vehicle at the blind side of the driver. These components generally include mirrors, sensors, and alarms along with visualization systems that provide the driver improved control and protection of blind-side.
The rise in demand for premium vehicles across the globe acts as one of the major factor driving the growth of the automotive blind spot detection system market.
The introduction of stringent government programs pertaining to vehicle safety, and advent of various solutions such as at-home test drive, review videos, and digital showrooms accelerate the market growth. The high usage of safety services and technologies because of the stringent regulations provided by the governments to avoid collisions and accidents, and focus of manufacturers of vehicles to meet the standards set by different authorities regarding safety of vehicles further influence the market. Additionally, expansion of automotive sector, rise in demand for passenger cars, rapid urbanization and increase in need for personal mode of transportation positively affect the automotive blind spot detection system market. Furthermore, advent of autonomous vehicles and increasing demand for semi-autonomous vehicle extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
Get More Info:https://www.databridgemarketresearch.com/reports/global-automotive-blind-spot-detection-system-market
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Blind Spot Detection System Market Share Analysis
The automotive blind spot detection system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive blind spot detection system market.
The major players covered in the automotive blind spot detection system market report are Continental AG, DENSO CORPORATION, Robert Bosch GmbH, Aptiv, Autoliv Inc., ZF Friedrichshafen AG, Xiamen Australia Shida Electronics Co., Ltd., Analog Devices, Inc., Auto-i, Valeo, Ficosa Internacional SA, PRECO Electronics, Siemens, Mobileye, s.m.s, smart microwave sensors GmbH (smartmicro), HYUNDAI MOBIS, Magna International Inc., Mando Corp., HARMAN International, HELLA GmbH & Co. KGaA and Samvardhana Motherson Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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