Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Report 2019: Market Value is Expected to Reach USD 15,802 Million in 2026
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 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.
Market Snapshot
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global blind spot detection (BSD) system and adaptive cruise control (ACC) system market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East and Africa.
It is estimated that the CAGR (Compounded Annual Growth Rate) of the world market in the forecast period will reach 17%, and the total market value is expected to reach USD 15,802 million in 2026 from USD 5,265 million in 2019.
Get FREE Sample of Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Report at:
Competitive Landscape
The major global blind spot detection (BSD) system and adaptive cruise control (ACC) system market competitors include Denso, Bosch, Continental, Delphi, TRW, Aisin, Autoliv, Valeo, Hella, GNSD, and Other.
Growth Driver
The overall BSD system and ACC system market share is majorly driven by the rising number of accidents due to increase in traffic flow. The fierce competition between automakers, coupled with the constant upgrade of manufacturers' models to meet the huge demand for innovative safety features that can be used in a variety of applications. These factors are also expected to fuel the BSD system and ACC system market’s growth. Moreover, the increasing use of sensors due to the advancements in technology is another factor that is contributing to the growth of this market.
Purchase a copy of Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System report at:
Regional Overview
In 2018, countries in North America like United States and Canada accounted for approximately 38% of the overall market, followed by Europe (Germany, UK, France, and Italy) and Asia-Pacific (China, Japan, India, and Korea), accounting for 26% equally.
The bulk market share is captured by North America, with annual production value exceeds USD 1,710 million in 2018. The Asia-Pacific region is expected to contribute significantly to the growth of the BSD system and ACC system market due to the increasing vehicle sales, especially premium vehicles, along with the increase in safety installations per vehicle.
Type Overview
The type of the blind spot detection (BSD) system and adaptive cruise control (ACC) system market can be divided into Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System.
Application Overview
Based on application, this market is divided into Passenger Vehicles, Commercial Vehicles, and Other.
Ask for a discount at:
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Target Audience:
BSD system and ACC system potential investors
Distributors and resellers of BSD system and ACC system
Product managers, BSD system and ACC system industry administrator, C-level executives of the industries
Technology providers
BSD system and ACC system industry associations
Market Research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Contact:
Global Market Monitor
One Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,
NY 11201, USA
Phone: + 1 (347) 467 7721
Email: info@globalmarketmonitor.com
Web Site: https://www.globalmarketmonitor.com
We provide more professional and intelligent market reports to complement your business decisions.
Chinese