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Commercial Vehicle Blind Spot Detection System Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR73427
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Based on Technavio's market sizing methodology, the commercial vehicle blind spot detection system market size is predicted to surge to 961.74 million units from 2021 to 2026 at a CAGR of 5.3%.

This commercial vehicle blind spot detection system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial vehicle blind spot detection system market segmentation by:

  • Application - LCV and M and HCV
  • Geography - North America, APAC, Europe, South America, and Middle East and Africa

The commercial vehicle blind spot detection system market vendors are - Alibaba Group Holding Ltd., Ambarella Inc., BorgWarner Inc., Brandmotion LLC, Continental AG, DENSO Corp., Hyundai Motor Group, Intel Corp., Knorr Bremse AG, Lumen Technologies Inc., Mando Corp., Mercedes Benz Group AG, Panasonic Corp., Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, Smart Microwave Sensors GmbH, Toppking Electronics Ltd., Valeo SA, Xvision Ltd., and ZF Friedrichshafen AG among others.

What will the Commercial Vehicle Blind Spot Detection System Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Commercial Vehicle Blind Spot Detection System Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

Technavio categorizes the global commercial vehicle blind spot detection (BSD) system market as a part of the global auto parts and equipment market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial vehicle blind spot detection system market during the forecast period.

Who are the Major Commercial Vehicle Blind Spot Detection System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alibaba Group Holding Ltd.
  • Ambarella Inc.
  • BorgWarner Inc.
  • Brandmotion LLC
  • Continental AG
  • DENSO Corp.
  • Hyundai Motor Group
  • Intel Corp.
  • Knorr Bremse AG
  • Lumen Technologies Inc.
  • Mando Corp.
  • Mercedes Benz Group AG
  • Panasonic Corp.
  • Robert Bosch GmbH
  • SENSATA TECHNOLOGIES HOLDING PLC
  • Smart Microwave Sensors GmbH
  • Toppking Electronics Ltd.
  • Valeo SA
  • Xvision Ltd.
  • ZF Friedrichshafen AG

 

This statistical study of the commercial vehicle blind spot detection system market encompasses successful business strategies deployed by the key vendors. The commercial vehicle blind spot detection system market is fragmented and the vendors are deploying growth strategies such as focusing on reducing the cost of BSD systems, as the government transport authorities and vehicle assessment programs are mandating the installation of safety systems in the mid-segment vehicles to compete in the market.

Product Insights and News

  • BorgWarner Inc. - BorgWarner Inc. is a public company headquartered in US. It is a global company generating $14,838 million in revenues and has around 49,300 employees. Its revenue from the global commercial vehicle blind spot detection system contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 

  • BorgWarner Inc. - The company offers commercial vehicle blind spot detection system namely Lane Change Assistance which monitors the area around a vehicle for any lane movement. If the system determines that its unsafe to change lanes, because of another vehicle in the intended lane, it signals an alarm.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial vehicle blind spot detection system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial Vehicle Blind Spot Detection System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial vehicle blind spot detection system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Commercial Vehicle Blind Spot Detection System Market?

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55% of the market’s growth will originate from North America during the forecast period. The US is the key market for commercial vehicle blind spot detection systems in North America. Market growth in this region will be faster than the growth of the market in the South American, APAC, and MEA regions.

The rise in accidents, owing to abrupt changing of lanes by drivers without noticing and analyzing the rear-view and blind spots will facilitate the commercial vehicle blind spot detection system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, COVID-19 spread widely in North America, especially in the US. The rising number of deaths from COVID-19 led to the imposition of lockdowns in various countries in the region, primarily during the first half of 2020. However, the region is witnessing a decline in the number of COVID-19 cases with the availability of COVID-19 vaccines. As a result, operations in end-user industries stabilized during 2021, which, in turn, 14.5 million vehicles were sold in the region. Therefore, these factors are expected to drive the growth of the commercial vehicle BSD system market in the region during the forecast period.

What are the Revenue-generating Application Segments in the Commercial Vehicle Blind Spot Detection System Market?

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The commercial vehicle blind spot detection system market share growth by the LCV segment will be significant during the forecast period. Rapid technological advancements in several market adjacencies that include sensing technology and information and communication technology are pushing the players operating in the ADAS market to leverage maximum benefits of the advancements. Stringent regulations intended to reduce road fatalities caused by commercial vehicle accidents back the inclusion of safety systems in commercial vehicles. These are driving the penetration of BSD systems in LCVs.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial vehicle blind spot detection system market size and actionable market insights on post COVID-19 impact on each segment.

Commercial Vehicle Blind Spot Detection System Market: Key Drivers, Trends, and Challenges

The growing demand for safety solutions in vehicles is notably driving the commercial vehicle blind spot detection system market growth, although factors such as practice of using various mirror combinations as an alternative to BSD systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial vehicle blind spot detection system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Vehicle Blind Spot Detection System Market Driver

One of the key factors driving growth in the commercial vehicle blind spot detection system market is the growing demand for safety solutions in vehicles. Consumers today are highly aware of these systems and technology and are taking great interest in improving the safety of their vehicles. As a result, today, many entry-level vehicles are being installed with electronic equipment, such as cameras and sensors, to improvise their safety. Advanced driver assistance and safety systems include BSD systems, FCW, LDWS, surround-view systems that help to examine road conditions and alert drivers of possible risks thereby avoiding fatal accidents. Use of commercial vehicle BSD systems will enhance the safety of pedestrians and cyclists by eliminating blind spots effectively. ADAS manufacturers, ZF TRW, through its business division, Active and Passive Safety Technology, developed an FCW system, which uses both camera and radar sensors for monitoring the road. This FCW system employs radar, camera, and sensors to identify and spot other vehicles and pedestrians on the road and alerts the drivers of the impending collision.

Key Commercial Vehicle Blind Spot Detection System Market Trend

The increasing use of complementary metal-oxide semiconductor imaging in camera-based ADAS is a commercial vehicle blind spot detection system market trend that is expected to have a positive impact in the coming years. Automobile cameras and image sensors function in severe and rapidly changing weather conditions. Traditionally, automobile cameras use the charged coupled device (CCD) technology. This technology is expensive and generates a distorted image on the display units. OEMs are shifting their focus toward the use of complementary metal-oxide semiconductor (CMOS) image sensors in camera modules. In CMOS image sensors, every pixel has its own charge-to-voltage conversion, and the sensor often includes noise-correction, digitize circuits, and amplifiers. These sensors generate blur-free rear-view images even in low lighting. Automobile manufacturers are equipping their vehicles with convenient and safety functionalities, which, in turn, is boosting the demand for automotive camera imaging devices, such as CMOS. The growing focus of OEMs on passenger safety has resulted in rapid increase in the demand for camera modules.

Key Commercial Vehicle Blind Spot Detection System Market Challenge

The practice of using various mirror combinations as an alternative to BSD systems will be a major challenge for the commercial vehicle blind spot detection system market during the forecast period. Hard facts suggest that BSD systems may be a redundancy, which have been created out of sheer ignorance. While some cars, especially the larger SUVs and off-roading vehicles, have large-sized C pillars, rising beltlines, and squashed rear windows blocking the drivers' line of sight, blind spots on most average vehicles can be eliminated by proper adjustment of mirrors. Technavio's research in this field has revealed that it is a common fact among repair and service personnel, as well as driving schools to try to educate end-consumers about proper mirror positioning, albeit with limited success. Proper adjustment of side and center rear-view mirrors essentially involves a precision to ensure minimal overlap between the two, thus increasing the field of view of the combined ensemble.

This commercial vehicle blind spot detection system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

 

Commercial Vehicle Blind Spot Detection System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.3%

Market growth 2022-2026

961.74 mn units

Market structure

Fragmented

YoY growth (%)

5.13

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 55%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alibaba Group Holding Ltd., Ambarella Inc., BorgWarner Inc., Brandmotion LLC, Continental AG, DENSO Corp., Hyundai Motor Group, Intel Corp., Knorr Bremse AG, Lumen Technologies Inc., Mando Corp., Mercedes Benz Group AG, Panasonic Corp., Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, Smart Microwave Sensors GmbH, Toppking Electronics Ltd., Valeo SA, Xvision Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Commercial Vehicle Blind Spot Detection System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive commercial vehicle blind spot detection system market growth during the next five years
  • Precise estimation of the commercial vehicle blind spot detection system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial vehicle blind spot detection system industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial vehicle blind spot detection system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 LCV - Market size and forecast 2021-2026
      • Exhibit 28: Chart on LCV - Market size and forecast 2021-2026 (million units)
      • Exhibit 29: Data Table on LCV - Market size and forecast 2021-2026 (million units)
      • Exhibit 30: Chart on LCV - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on LCV - Year-over-year growth 2021-2026 (%)
    • 5.4 M and HCV - Market size and forecast 2021-2026
      • Exhibit 32: Chart on M and HCV - Market size and forecast 2021-2026 (million units)
      • Exhibit 33: Data Table on M and HCV - Market size and forecast 2021-2026 (million units)
      • Exhibit 34: Chart on M and HCV - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on M and HCV - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application (million units)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 (million units)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (million units)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 (million units)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (million units)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 (million units)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (million units)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 (million units)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 (million units)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (million units)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (million units)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 (million units)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 (million units)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography (million units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 BorgWarner Inc.
              • Exhibit 89: BorgWarner Inc. - Overview
              • Exhibit 90: BorgWarner Inc. - Business segments
              • Exhibit 91: BorgWarner Inc. - Key news
              • Exhibit 92: BorgWarner Inc. - Key offerings
              • Exhibit 93: BorgWarner Inc. - Segment focus
            • 10.4 Brandmotion LLC
              • Exhibit 94: Brandmotion LLC - Overview
              • Exhibit 95: Brandmotion LLC - Product / Service
              • Exhibit 96: Brandmotion LLC - Key offerings
            • 10.5 Continental AG
              • Exhibit 97: Continental AG - Overview
              • Exhibit 98: Continental AG - Business segments
              • Exhibit 99: Continental AG - Key news
              • Exhibit 100: Continental AG - Key offerings
              • Exhibit 101: Continental AG - Segment focus
            • 10.6 Knorr Bremse AG
              • Exhibit 102: Knorr Bremse AG - Overview
              • Exhibit 103: Knorr Bremse AG - Business segments
              • Exhibit 104: Knorr Bremse AG - Key news
              • Exhibit 105: Knorr Bremse AG - Key offerings
              • Exhibit 106: Knorr Bremse AG - Segment focus
            • 10.7 Mercedes Benz Group AG
              • Exhibit 107: Mercedes Benz Group AG - Overview
              • Exhibit 108: Mercedes Benz Group AG - Product / Service
              • Exhibit 109: Mercedes Benz Group AG - Key offerings
            • 10.8 Robert Bosch GmbH
              • Exhibit 110: Robert Bosch GmbH - Overview
              • Exhibit 111: Robert Bosch GmbH - Business segments
              • Exhibit 112: Robert Bosch GmbH - Key news
              • Exhibit 113: Robert Bosch GmbH - Key offerings
              • Exhibit 114: Robert Bosch GmbH - Segment focus
            • 10.9 Toppking Electronics Ltd.
              • Exhibit 115: Toppking Electronics Ltd. - Overview
              • Exhibit 116: Toppking Electronics Ltd. - Product / Service
              • Exhibit 117: Toppking Electronics Ltd. - Key offerings
            • 10.10 Valeo SA
              • Exhibit 118: Valeo SA - Overview
              • Exhibit 119: Valeo SA - Business segments
              • Exhibit 120: Valeo SA - Key news
              • Exhibit 121: Valeo SA - Key offerings
              • Exhibit 122: Valeo SA - Segment focus
            • 10.11 Xvision Ltd.
              • Exhibit 123: Xvision Ltd. - Overview
              • Exhibit 124: Xvision Ltd. - Product / Service
              • Exhibit 125: Xvision Ltd. - Key offerings
            • 10.12 ZF Friedrichshafen AG
              • Exhibit 126: ZF Friedrichshafen AG - Overview
              • Exhibit 127: ZF Friedrichshafen AG - Business segments
              • Exhibit 128: ZF Friedrichshafen AG - Key news
              • Exhibit 129: ZF Friedrichshafen AG - Key offerings
              • Exhibit 130: ZF Friedrichshafen AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations
              • Country

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                The commercial vehicle blind spot detection system market growth will increase by $961.74 million units during 2022-2026.
                The commercial vehicle blind spot detection system market is expected to grow at a CAGR of 5.3% during 2022-2026.
                Technavio has segmented the commercial vehicle blind spot detection system market by application (LCV and M&HCV) and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
                Alibaba Group Holding Ltd., Ambarella Inc., BorgWarner Inc., Brandmotion LLC, Continental AG, DENSO Corp., Hyundai Motor Group, Intel Corp., Knorr Bremse AG, Lumen Technologies Inc., Mando Corp., Mercedes Benz Group AG, Panasonic Corp., Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, Smart Microwave Sensors GmbH, Toppking Electronics Ltd., Valeo SA, Xvision Ltd., ZF Friedrichshafen AG are a few of the key vendors in the commercial vehicle blind spot detection system market.
                North America will register the highest growth rate of 55.1% among the other regions. Therefore, the commercial vehicle blind spot detection system market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the commercial vehicle blind spot detection system market growth are:
                • Growing demand for safety solutions in vehicles
                • Increasing use of complementary metal-oxide semiconductor imaging in camera-based ADAS
                The commercial vehicle blind spot detection system market vendors should focus on grabbing business opportunities from the lcv segment as it accounted for the largest market share in the base year.
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