Global Automotive Blind Spot Detection Market 2016-2020

Overview of the global automotive blind spot detection market

Market research analysts at Technavio predict that the global automotive blind spot detection market will grow steadily during the next four years and post an impressive CAGR of more than 24% by 2020. 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.

Though the market is currently dominated by the Americas, the presence of a number of automotive safety system suppliers in the region such as Bosch and Continental, the growth of the automotive industry, and the introduction of policies by the European Commission to encourage healthy competitiveness among the players in the automotive industry, will bolster the market’s growth prospects in EMEA in the coming years. As a result, EMEA will be the major revenue contributor to the blind spot warning system market by the end of the forecast period.

Competitive landscape and key vendors

The market consists of a considerable number of automotive blind spot detection manufacturers and appears to be fragmented. Vendors existing in the market for a significant period acquire several advantages which makes it extremely difficult for new vendors to enter the market. One of the leading blind spot alert system vendors Autoliv, has an enhanced geographical presence and a wide product portfolio and manufactures automotive safety equipment including active safety systems, passive safety systems, airbags, seat belts, and steering wheels.

The leading vendors in the market are -

• Autoliv
• Bosch
• Continental
• Delphi
• Denso
• Harman
• Siemens

The other prominent vendors in the market are Ficosa, Hella, ZF-TRW, Valeo, and Samvardhana Motherson Reflectec.

Segmentation by end-users and analysis of the automotive blind spot detection market

• OEM
• Aftermarket

Since the market is currently at its infant stages, the OEMs outnumber the aftermarket suppliers. The emergence of new aftermarket players and the increasing need for the installation of vehicle blind spot detection systems in the entry-level user segment will considerably increase the revenue shares of the aftermarket players. However, the OEM segment will continue to dominate the market throughout the forecast period.

Segmentation by vehicle type and analysis of the automotive blind spot detection market

• Luxury
• Midmarket
• Entry level
• LCV
• HCV

This market study estimates that the luxury vehicle segment accounted for the major shares and dominated the industry during 2015. This is mainly due to the rise in number of auto electronics in luxury level vehicles. According to analysts, this segment will continue to dominate the car blind spot detection system market during the next four years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automotive blind spot detection market?
• What are the key market trends impacting the growth of the global automotive blind spot detection market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive blind spot detection market?
• What are the market opportunities and threats faced by the vendors in the global automotive blind spot detection market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive blind spot detection market?

Technavio also offers customization on reports based on specific client requirement.

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