Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Growth 2023-2029

Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Growth 2023-2029

Blind Spot Detection (BSD) system is a sensor based detection system implemented in automobiles that is used for monitoring vehicles at the rear and side of the driver/vehicle. Such systems generate tactile, audible, vibrating or visual form of warnings. They also assist the driver at the parking lots when there are other vehicles approaching from the sides. Blind spots are caused due to various objects such as passengers, headrests and window pillars. Mirrors are generally used to remove the blind spots but the disadvantage being that they leave huge dead on all the sides of the vehicle. BSD systems, with the help of cameras and sensor systems generate information about various objects that are outside the range of driver’s vision.

Adaptive cruise control is similar to conventional cruise control in that it maintains the vehicle's pre-set speed. However, unlike conventional cruise control, this new system can automatically adjust speed in order to maintain a proper distance between vehicles in the same lane. This is achieved through a radar headway sensor, digital signal processor and longitudinal controller. If the lead vehicle slows down, or if another object is detected, the system sends a signal to the engine or braking system to decelerate. Then, when the road is clear, the system will re-accelerate the vehicle back to the set speed.

LPI (LP Information)' newest research report, the “Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Industry Forecast” looks at past sales and reviews total world Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System sales in 2022, providing a comprehensive analysis by region and market sector of projected Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System sales for 2023 through 2029. With Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System industry.

This Insight Report provides a comprehensive analysis of the global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System.

The global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market size is projected to grow from US$ 3702.7 million in 2022 to US$ 5846.4 million in 2029; it is expected to grow at a CAGR of 5846.4 from 2023 to 2029.

Europe is the largest Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market with about 36% market share. North America is follower, accounting for about 31% market share.

The key players are Denso, Bosch, Continental, Delphi, TRW, Aisin, Autoliv, Valeo, Hella, GNSD etc. Top 3 companies occupied about 29% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Ultrasonic Sensor

Camera

Rador Sensor

Segmentation by application

SUV

Roadster

Minivan

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Denso

Bosch

Continental

Delphi

TRW

Aisin

Autoliv

Valeo

Hella

GNSD

Key Questions Addressed in this Report

What is the 10-year outlook for the global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market?

What factors are driving Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market opportunities vary by end market size?

How does Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.