Product ID: SQSG45I2030
Global Automotive Blind Spot Detection System Market Size, Share, Growth Analysis, By Component(BSD, Park Assist), By Application(Passenger Vehicles, Commercial Vehicles.) - Industry Forecast 2024-2031
Report ID:
SQSG45I2030 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
63 |
Figures:
75
Global Automotive Blind Spot Detection System Market Dynamics
Automotive Blind Spot Detection System Market Driver
It is expected that strict safety regulations will drive the market.
- Around 1.25 million people per year perish in traffic accidents, according to the WHO. Governments have imposed strict regulations on automotive manufacturers to equip cutting-edge safety features that help save the lives of passengers in the vehicles in order to reduce the rising number of traffic accidents. Leading manufacturers have made significant R&D investments to redesign their cars to reduce the blind spot detection area. The area of the vehicle can be seen more clearly by reducing the size of the A-pillar and increasing the size of the side viewing mirror. Due to the fact that heavy-duty trucks and trailers have a large blindspot area, numerous transportation associations and unions have established safety regulations for the installation of these systems in commercial vehicles.
Consumers' Increasing Preference for Safety Solutions Will Support Growth
- The market for blind spot detection systems has benefited from consumers' growing preference for enhanced safety features. The demand for BSD has increased due to the increasing number of traffic accidents worldwide. The demand for BSD technology is being fueled by rising disposable income and a shift in consumer preference toward buying cars with BSD instead of wide mirrors. The combination of ADAS and blindspot technology is also growing in popularity with consumers because it automatically assists in avoiding obstacles. The BSD works in conjunction with RADAR technology to keep the car in its lane and prevent it from deviating from the path.
Automotive Blind Spot Detection System Market Restraint
Poor weather will continue to restrain the expansion of a select number of regional markets.
- Over the course of the forecast period, regions with extreme weather, such as fog, snowfall, and rainfall, are expected to restrain market growth. The blind spot detection system is ineffective in the region with the harsh climate. Extreme weather makes it difficult to see, and camera-based systems produce blurry images because of the heavy accumulation of fog or moisture on the camera's lens. Utilizing camera-based technology in severe weather could harm the camera's lens. It is also expected that the high repair costs of camera-based BSD will restrain market expansion.
Global Automotive Blind Spot Detection System Market Report Snapshots
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