Global Blind Spot Detection (BSD) System And Adaptive Cruise Control (ACC) System Market, By Type (R

Published Date: | Report Code : AT1933422

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Global Blind Spot Detection (BSD) System And Adaptive Cruise Control (ACC) System Market, By Type (Radar Sensor, Camera, Ultrasonic Sensor), By Application (SUV, Minivan, Roadster), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Automotive

Report Code : AT1933422

Status : Upcoming

The Blind Spot Detection (BSD) System And Adaptive Cruise Control (ACC) System Market growth is expected to gain high momentum during the forecast period due to the increasing number of accidents due to lack of proper visibility.

A Blind Spot Detection (BSD) system is a sensor-based system installed in automobiles usually on the rear and side of the driver/vehicle. It helps the driver to see things out of his range of vision. The driver is alerted by a flashing indicator and an audible signal when there is another vehicle. It also assists the driver in the parking of other vehicles approaching from sides. These systems are specially installed in large vehicles, such as trucks, commercial vans as well as aircraft and motorboats.

Adaptive Cruise Control (ACC) is an advanced version of the conventional cruise control system. It helps in maintaining and controlling vehicle speed. The ACC system slows down and increases automatically to maintain the speed of the vehicle in relation to the surrounding vehicles. These systems make use of sensors instead of satellites. The main purpose of the ACC is the driver’s safety since the distance between vehicles is adjusted according to the traffic conditions.

These systems together integrated into any vehicle type increases the safety in driving, give more accurate sensing features, etc., ultimately giving a sheer driving experience. This has also helped boost the demand for the global BSD system and ACC system market.

The implementations of these systems by the automotive industry have rapidly increased, due to human errors in judgment which has influenced the growth of the market.  As this system ensures the safety of passengers, customers are looking to utilize them.

 Key Factors Impacting Market Growth:

  • The increasing number of accidents due to lack of proper visibility
  • Increase in customer demands for these advanced features
  • The high cost of these systems could hinder the market growth

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the blind spot detection (BSD) system and adaptive cruise control (ACC) system market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of blind spot detection (BSD) system and adaptive cruise control (ACC) system market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for blind spot detection (BSD) system and adaptive cruise control (ACC) system market in the region.

The Asia Pacific is estimated to be the fastest-growing region for the blind spot detection (BSD) system and adaptive cruise control (ACC) system market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the blind spot detection (BSD) system and adaptive cruise control (ACC) system market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Denso Corporation, Bosch, Continental AG, Delphi Automotive, TRW, Aisin, Autoliv, Valeo, GNSD, Mobileeye, and Hyundai Mobis…

 Key Developments:

  • In 2018, Honda (Japan) redesigned and installed the new ACC system in Honda Accord
  • In February 2018, Esri (The USA) united with Mobileye (Israel) to provide realtime BSD information

Market Segmentation:

By Type:

  • Radar Sensor
  • Camera
  • Ultrasonic Sensor

 By Application:

  • SUV
  • Minivan
  • Roadster

 By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

 Reasons to Buy This Report:

  • Market size estimation of the Blind Spot Detection (BSD) system and Adaptive Cruise Control (ACC) system market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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