Blind Spot Monitor Market Size - By Technology (Ultrasonic, Radar, Camera), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Sales Channel (OEMs, Aftermarket) & Forecast, 2024 - 2032
Global Blind Spot Monitor Market is anticipated to showcase a 7.2% CAGR from 2024 to 2032, driven by the rising emphasis on road safety. According to the International Transport Forum, the implementation of advanced driver assistance systems (ADAS) can significantly reduce traffic accidents. This has led to increased adoption of blind spot monitoring systems, which help detect and alert drivers to vehicles in their blind spots, reducing the risk of collisions and enhancing overall road safety.
The overall Blind Spot Monitor Market is categorized based on technology, vehicle type, sales channel, and region.
The ultrasonic segment will experience substantial growth over 2024-2032. Ultrasonic blind spot monitors use sound waves to detect objects in a vehicle's blind spots, providing accurate and reliable warnings to drivers. This technology is widely adopted due to its cost-effectiveness and ease of integration into existing vehicle systems. The growing demand for safety features in vehicles and the push for advanced driver assistance systems (ADAS) are driving the adoption of ultrasonic blind spot monitors, supporting market expansion.
The commercial vehicles segment will capture a notable blind spot monitor market share by 2032. As commercial vehicles, including trucks and buses, are more prone to blind spot-related accidents, the integration of blind spot monitoring systems is becoming increasingly essential. These systems enhance the safety of commercial vehicles by reducing the risk of collisions and protecting both drivers and pedestrians. The rising awareness of road safety and stringent regulations for commercial vehicle safety standards are propelling the demand for blind spot monitors in this segment.
North America blind spot monitor market will drive commendable gains throughout 2024-2032 due to a well-established automotive industry, significant investments in vehicle safety technologies, and strict regulations mandating the installation of ADAS features in vehicles. Robust regulatory frameworks ensure the quality and safety of automotive products, fostering trust and widespread use. Additionally, government support for road safety initiatives and the presence of leading automotive manufacturers drive innovation and production, contributing to the strong growth of the blind spot monitor market in the region.
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Technology provider
- 3.2.2 Manufacturer
- 3.2.3 OEMs
- 3.2.4 End user
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing adoption of ADAS technologies
- 3.8.1.2 Rising demand for vehicle safety features
- 3.8.1.3 Technological advancements in sensor technology
- 3.8.1.4 Partnerships with leading automakers for OEM integration
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High cost of BSM systems
- 3.8.2.2 Consumer resistance to higher vehicle prices
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Technology, 2021 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Ultrasonic
- 5.3 Radar
- 5.4 Camera
- Chapter 6 Market Estimates & Forecast, By Vehicle Type, 2021 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 Passenger cars
- 6.3 Commercial vehicles
- 6.3.1 LCV
- 6.3.2 HCV
- Chapter 7 Market Estimates & Forecast, By Sales Channel, 2021 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 OEMs
- 7.3 Aftermarket
- 7.3.1 Individual consumers
- 7.3.2 Fleet operators
- Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
- Chapter 9 Company Profiles
- 9.1 Aptiv PLC
- 9.2 Bosch
- 9.3 Continental AG
- 9.4 Delphi Technologies PLC
- 9.5 Denso Corporation
- 9.6 Hella KGaA Hueck & Co.
- 9.7 Hyundai Mobis
- 9.8 Magna International Inc.
- 9.9 Mitsubishi Electric Corporation
- 9.10 Mobileye
- 9.11 NXP Semiconductors
- 9.12 Valeo
- 9.13 ZF Friedrichshafen AG
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