Blind Spot Detection System and Adaptive Cruise Control System Market is expected to reach US$ 7.70 Bn by 2029, at a CAGR of 9.3% during the forecast period.Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Overview
Blind Spot Detection (BSD) is a sensor-based detection device for the tracking of vehicles on both sides of the driver of cars. Where the ACC is a sensor-based cruise control device that automatically controls the speed of the vehicle to ensure a reasonable distance from the forward vehicles. Through the course of time, BSD and ACC technologies have gained power, complexity, and automation and now play an essential role in minimizing accidents.Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Snapshot
To know about the Research Methodology :- Request Free Sample Report Thus, the rising number of accidents and the growing need for modified vehicles, which can reduce the accident rate are the factors that boost the growth of the blind spot detection (BSD) system and adaptive cruise control (ACC) system market. Furthermore, the attraction towards autonomous vehicles combined with increasing vehicle electrification is likely to fuel the growth prospects for the BSD and ACC market. The report also covers the detailed analysis of the global Blind Spot Detection (BSD) and adaptive cruise control (ACC) system industry with the classifications of the market based on product, vehicle type and region. Analysis of past market dynamics from 2018 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Dynamics
One of the primary factors driving the growth of the BSD and ACC device market is the increasing number of injuries caused by increased traffic flow. The car industry's use of such safety devices is increasingly increasing. Customers are frequently opting for such specialized safety features and can pay for them because BSD and ACC systems guarantee the safety of the passengers. Another factor driving the growth of this market is the fierce competition among automobile manufacturers. Manufacturers are constantly improving their products to meet the high demand for creative safety technologies that can be found in a variety of applications. Similarly, New Car Assessment Program (NCAP) and other organizations are investing in research and development to create vehicles with a variety of safety features. Another trend contributing to the market's growth is the increased use of sensors as a result of technological advances. Sensors are used in conjunction with BSD and ACC technologies to improve engine efficiency while lowering carbon emissions. Government efforts to improve fuel efficiency and automotive safety are pushing automakers to introduce automated solutions that can guarantee safety while still complying with regulations.Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Segmentation Analysis
By Product, the ultrasonic sensors are predicted to dominate the BSD and ACC system market during the forecast period. When these sensors are built into various parts of the car, they sense anything visible, invisible, or unnoticed, allowing the BSD and ACC system to measure reliably and work rapidly. As a result, manufacturers are developing devices that combine data from various sensors to predict the reduction of friction between tire and road. Vehicle Type, the passenger vehicles segment accounted for the major shares of the BSD and ACC system market. Factors such as increased demand for passenger cars and greater penetration of luxury cars in the passenger vehicles segment are expected to drive the growth of the traffic sign recognition systems market. The passenger vehicle segment of the BSD and ACC system industry is growing rapidly in Asia Pacific's developing countries. The region's demand growth can be due to an increase in GDP and population, a change in lifestyle, improved customer buying power, and the expansion of infrastructure. The markets for automotive adaptive cruise control and blind-spot warning systems are well-established in Europe and North America. Because of their increased buying power, high standard of living, GDP expansion, and the luxury car market, the automotive BSD and ACC system are at a substantial pace in Asia-Pacific and the ROW regions. The biggest markets for vehicle blind spot identification and adaptive cruise control systems are projected to be Germany, the United Kingdom, and the United States. The developing countries such as China, Russia, Brazil, and Mexico are projected to see strong growth rates in demand for the automotive BSD and ACC system market during the forecast period.Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Scope: Inquire before buying
Blind Spot Detection System and Adaptive Cruise Control System Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 4.13 Bn. Forecast Period 2023 to 2029 CAGR: 9.3% Market Size in 2029: US $ 7.7 Bn. Segments Covered: by Product Ultrasonic Sensor Camera Radar by Vehicle Type Commercial Vehicle Passenger Vehicle Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market, Key Players are
1. Denso Corporation 2. Delphi Automotive PLC 3. Magna International Inc 4. Mando Corporation 5. Valeo SA 6. TRW Automotive 7. Robert Bosch (Germany) 8. Continental AG (Germany) 9. Aisin 10. Autoliv 11. Hella 12. GNSD 13. ZF Friedrichafen AG 14. Ficosa Internacional SA 15. Panasonic corporation Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Market? Ans: The Global Market is growing at a CAGR of 9.3% during forecasting period 2023-2029. 3. What is scope of the Global Market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Market? Ans: The important key players in the Global Market are – Denso Corporation, Delphi Automotive PLC, Magna International Inc, Mando Corporation, Valeo SA, TRW Automotive, Robert Bosch (Germany), Continental AG (Germany), Aisin, Autoliv, Hella, GNSD, ZF Friedrichafen AG, Ficosa Internacional SA, and Panasonic corporation 5. What is the study period of this Market? Ans: The Global Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market 3.4. Geographical Snapshot of the Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market, By Manufacturer share 4. Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market 5. Supply Side and Demand Side Indicators 6. Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecast, 2022-2029 6.1. Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Size & Y-o-Y Growth Analysis. 7. Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Ultrasonic Sensor 7.1.2. Camera 7.1.3. Radar 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Commercial Vehicle 7.2.2. Passenger Vehicle 8. Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Ultrasonic Sensor 9.1.2. Camera 9.1.3. Radar 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Commercial Vehicle 9.2.2. Passenger Vehicle 10. North America Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Aisin 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Denso Corporation 45.5. Delphi Automotive PLC 45.6. Magna International Inc 45.7. Mando Corporation 45.8. Valeo SA 45.9. TRW Automotive 45.10. Robert Bosch (Germany) 45.11. Continental AG (Germany) 45.12. Aisin 45.13. Autoliv 45.14. Hella 45.15. GNSD 45.16. ZF Friedrichafen AG 45.17. Ficosa Internacional SA 45.18. Panasonic corporation 46. Primary Key Insights