Global Automotive Blind Spot Detection System Market size and share is currently valued at USD 10.03 billion in 2024 and is anticipated to generate an estimated revenue of USD 38.68 billion by 2032, according to the latest study by Polaris Market Research

Global Automotive Blind Spot Detection System Market size and share is currently valued at USD 10.03 billion in 2024 and is anticipated to generate an estimated revenue of USD 38.68 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 18.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

The global automotive blind spot detection system market size is expected to reach USD 38.68 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Blind Spot Detection System Market Share, Size, Trends, Industry Analysis Report, By Technology (Radar, Camera, Ultrasonic, Others); By Vehicle Type; By Vehicle Propulsion; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rise in premium and luxury vehicles is driving significant growth in the automotive blind spot detection system industry. Consumer preference for higher-end car segments is driving up demand for sophisticated safety features. Premium and luxury cars now come equipped with blind spot detection systems as standard or optional equipment.

The market for automotive blind spot detection systems is also greatly impacted by the development of autonomous vehicle technology. The addition of blind spot detection enhances the general safety and efficacy of these cutting-edge automobiles and is consistent with the rapidly changing autonomous driving landscape. As they meet the need for improved situational awareness and collision prevention, these systems are essential to the safety framework of autonomous and semi-autonomous vehicles.

In 2023, Asia-Pacific accounted for the largest revenue share. With an increased emphasis on safeguarding occupants, consumers and manufacturers prioritize vehicles equipped with advanced safety features. Blind spot detection systems, integral to enhancing overall safety, play a pivotal role. As Asian markets recognize the significance of comprehensive vehicle safety, the demand for these systems surges. This heightened focus encourages automakers to integrate cutting-edge safety technologies, including blind spot detection systems, meeting consumer expectations and contributing substantially to the evolving landscape of vehicle safety in the region.

Government initiatives for smart cities act as a driving force behind the growth of the automotive blind spot detection system market in Asia-Pacific. With a vision of intelligent urban development, governments actively invest in smart city initiatives. These endeavors involve the integration of advanced transportation systems, where blind spot detection systems play a pivotal role in enhancing traffic safety. As Asia-Pacific embraces smart urban planning, the demand for vehicles equipped with cutting-edge safety technologies rises. Blind spot detection systems become integral components, aligning with the futuristic goals of smart cities and contributing significantly to the evolution of safer and technologically advanced transportation networks in the region.

Automotive Blind Spot Detection System Market Report Highlights

In 2023, the radar segment accounted for a significant market share due to long-range detection, all-weather performance, and penetration through obstacles.

In 2023, the passenger cars segment accounted for the largest market share due to urban driving challenges, highway safety enhancement, and driver assistance and alerts.

The electric segment is expected to experience significant growth during the forecast period due to focus on reduction of carbon emissions, and government initiatives to promote electric vehicles.

In 2023, Asia-Pacific accounted for the largest revenue share due to rising automotive sales, stringent safety regulations, and growing focus on vehicle safety.

The market is highly competitive owing to the existence of market players with a global presence, including Borgwarner Inc., Continental AG, DENSO Corporation, Magna International Inc., Robert Bosch GmbH, Valeo SA, and WABCO Holdings Inc. among others.

Polaris Market Research has segmented the automotive blind spot detection system market report based on technology, vehicle type, vehicle propulsion, and region:

Automotive Blind Spot Detection System, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Radar

Camera

Ultrasonic

Others

Automotive Blind Spot Detection System, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

Automotive Blind Spot Detection System, Vehicle Propulsion Outlook (Revenue - USD Billion, 2019 - 2032)

ICE

Electric

Automotive Blind Spot Detection System, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

France

Germany

UK

Italy

Netherlands

Spain

Russia

Asia Pacific

Japan

China

India

Malaysia

Indonesia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa