Blind Spot Solutions Market

Blind Spot Solutions Market by Product Type (BSD, Park Assist, Backup Camera, Surround View & Virtual Pillar), Technology (Camera, radar & Ultrasonic), End Market (OE & Aftermarket), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2027

Report Code: AT 7136 Jun, 2019, by marketsandmarkets.com

[177 Pages Report] The blind spot solutions market is estimated to be USD 10.6 billion in 2019 and is projected to reach USD 28.6 billion by 2027, at a CAGR of 13.2% from 2019 to 2027. The key drivers of the market are increasing adoption rate of advanced technologies by OEMs, the introduction of stringent government programs pertaining to vehicle safety, growing consumer demand for active safety systems, rising adoption of smart mirrors in the automotive industry, and increasing demand for premium vehicles.

Blind Spot Solutions Market

The backup camera system is estimated to account for the largest market size during the forecast period

Currently, a backup/rearview camera is most commonly used in vehicles. Most of the vehicles are equipped with the rearview digital camera that assists the driver while parking a vehicle. Moreover, the US and Canadian governments have mandated the rearview camera because of its safety benefits. Canada has made rearview camera systems mandatory in new cars since May 2018. In line with government mandates related to backup cameras in North America, the governments in BRIC countries and Europe may issue mandates supporting backup/rearview camera functions soon which is likely to drive the market for backup cameras in the respective geographies.

Radar-based system segment system is projected to be the fastest growing market during the forecast period

Pulse-doppler radar is the most commonly used variant of radar sensors used in the present active safety systems and ADAS. It functions by sending short pulses of radio energy and concurrently listens for the echo from objects using the same antenna. There are three types of radars, namely, short range, mid-range, and long-range used in the automotive industry as per functional requirements. As the name suggests, short-range radar can be used for detecting nearby objects in systems such as park assist. Mid-range radar can be used in a blind spot detection system for object detection in the vehicle’s blind spot. Generally, more than one radars are fitted in a vehicle to overcome its narrow field of view and reduced angular resolution. Many sensor manufacturers are focusing their developments on reducing the cost of radars so that it would be cost-effective to fit four radars in a vehicle to provide all-around object detection. These factors will boost the market growth of market.

Europe is estimated to account for the largest market size during the forecast period.

Europe is estimated to be the largest market with the highest share of the global market, by value. The regional market is dominated by the demand from Germany, Rest of Europe and the UK. The adoption of blind spot solutions in the Russian market is estimated to be low but is projected to increase in the future. Russian market is forecasted to be the fastest growing. The major growth drivers of the market in the region include growing demand for the technology, rising need for safe & secure driving experience, and increasing development of semi-autonomous vehicles.

Blind Spot Solutions Market

Key Market Players

The blind spot solutions market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Denso (Japan), Continental (Germany), Bosch (Germany), and Magna (Canada). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive range of products in the aftermarket. The key strategies adopted by these companies to sustain their market position are new product developments, merger & acquisitions, and expansions.

Scope of the report

Report Metric

Details

Market size available for years

2017–2024

Market size available for years

2017–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD million) and Volume (Thousand Units)

Segments covered

Product type, technology, end market, electric vehicle type, vehicle type, dimension type, and region

Geographies covered

North America, Asia Oceania, Europe, and RoW

Companies covered

Bosch (Germany), Continental (Germany), Magna (Canada), Gentex (US), Denso (Japan), ZF (Germany), Ficosa (Spain), and Valeo (France),
total 24 major players covered

This research report categorizes the market based on product type, technology type, electric vehicle type, end market type, vehicle type, and region.

Market, by Technology

  • Camera-based system
  • Radar-based system
  • Ultrasonic-based system

Market, by Product Type

  • Blind spot detection system
  • Park assist system
  • Backup camera system
  • Surround view system

Market, by Electric Vehicle Type

  • BEV
  • FCEV
  • HEV
  • PHEV

Market, by End Market Type

  • OE Market
  • Aftermarket

Market, by Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

Market, By Region

  • Asia Oceania (China, Japan, India, South Korea, and Rest of Asia Oceania)
  • Europe (Germany, France, Spain, Russia, Turkey, the UK, and Rest of Europe)
  • North America (Canada, Mexico, and the US)
  • Rest of World (Brazil, Iran, and Rest of RoW)

Recent Developments

  • Magna and Renesas announced a new cost-efficient 3D surround view system designed for entry- and mid-range vehicles. Magna’s 3D surround view camera system adopts Renesas’ high-performance, low-power system-on-chip (SoC) solution to provide a 360-degree panoramic view to assist drivers when parking or performing low-speed operations.
  • Autoliv announced that, together with its software joint venture Zenuity, it had been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as the supplier for Geely’s Level 3 project, which includes ADAS electronic control units and software, radar systems, as well as monovision and stereo vision camera systems.
  • ZF and HELLA entered into a strategic partnership for sensor technology, particularly for front camera systems, imaging, and radar systems. The first joint development project in camera technology will start immediately, with the objective of a market launch in 2020.

Critical Questions:

  • How will vehicle sales trends impact the market in the long term?
  • How will the industry cope with the challenge of the high cost of blind spot solutions?
  • How do you see the impact of government regulations on the market?
  • What are the upcoming trends in the market? What impact would they make post 2025?
  • What are the key strategies adopted by top players to increase their revenue?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

 

Table of Contents

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in the Market
    4.2 Market: Major Countries
    4.3 Market in Europe, By Product Type and Country
    4.4 Market, By Technology Type
    4.5 Market, By End Market
    4.6 Market, By Electric Vehicle Type

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Introduction of Stringent Government Programs Pertaining to Vehicle Safety
                    5.2.1.2 Increasing Consumer Demand for Active Safety Systems
                    5.2.1.3 Increasing Adoption of Smart Mirrors in Automotive Industry
                    5.2.1.4 Increasing Demand for Premium Vehicles
           5.2.2 Restrains
                    5.2.2.1 Regulations Pertaining to Mirrorless Vehicles
                    5.2.2.2 Usage of Radar Detectors Considered Illegal in Some Countries
           5.2.3 Opportunities
                    5.2.3.1 Advent of Autonomous Vehicles and Increasing Demand for Semi-Autonomous Vehicle
                    5.2.3.2 High Growth Potential of Multicamera Systems in Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Constraints in Real-Time Image Processing in Surround View Systems
                    5.2.4.2 Threat of Security and Environmental Constrains

6 Industry Trends (Page No. - 48)
    6.1 Value Chain Analysis
    6.2 Impact of Semi-Autonomous and Autonomous Vehicles on Market
    6.3 Marco Indicator Analysis
           6.3.1 Introduction
           6.3.2 Macro Indicators Influencing the Automotive Market for Top 3 Countries
                    6.3.2.1 United States
                    6.3.2.2 Germany
                    6.3.2.3 Japan
    6.4 Porter’s 5 Forces

7 Market, By Product Type (Page No. - 55)
    7.1 Introduction
    7.2 Research Methodology
    7.3 Blind Spot Detection System
           7.3.1 Presence of Many Luxury Vehicle Manufacturer in the Europe is Expected to Drive the Market
    7.4 Backup Camera System
           7.4.1 The Mandate for Backup Camera System in US and Canada Will Propel the North American Market.
    7.5 Park Assist System
           7.5.1 OEMs are Offering Park Assist System as A Standard Feature in European Region
    7.6 Surround View System
           7.6.1 Increasing Acceptance of Semi-Autonomous Vehicle Across Globe to Drive Surround View System Market
    7.7 Virtual Pillars
           7.7.1 Demand for Safety Features to Drive the Virtual Pillar Market
    7.8 Key Industry Insights

8 Market, By Technology Type (Page No. - 65)
    8.1 Introduction
    8.2 Research Methodology
    8.3 Camera-Based Systems
           8.3.1 Fast Paced Development of Camera Technology in Automotive Industry to Drive the Camera Based System Market
    8.4 Radar-Based Systems
           8.4.1 High Accuracy and Efficiency of Radars to Drive Radar Based Market
    8.5 Ultrasonic-Based Systems
           8.5.1 Rising Adoption of Park Assist System to Propel Ultrasonic Based System Market
    8.6 Industry Insights

9 Market, By End Market (Page No. - 71)
    9.1 Introduction
    9.2 Research Methodology
    9.3 OE Market
           9.3.1 Government Mandates to Drive the OE Market
    9.4 Aftermarket
           9.4.1 Asia Oceania is Estimated to Lead the Blind Spot Solutions Aftermarket
    9.5 Key Industry Insights

10 Market, By Electric Vehicle Type (Page No. - 76)
     10.1 Introduction
     10.2 Research Methodology
     10.3 BEV
             10.3.1 Rising Concern About Automotive Emission to Drive BEV Market
     10.4 FCEV
             10.4.1 North America to Lead FCEV Market
     10.5 HEV
             10.5.1 Asia Oceania to Lead the HEV Market
     10.6 PHEV
             10.6.1 North America to Lead PHEV Market
     10.7 Key Industry Insights

11 Market, By Vehicle Type (Page No. - 84)
     11.1 Introduction
     11.2 Research Methodology
     11.3 Passenger Car
             11.3.1 Europe to Lead Passenger Car Market
     11.4 Light Commercial Vehicle (LCV)
             11.4.1 High Demand of LCVs in US to Drive North American Blind Spot Market for LCV
     11.5 Truck
             11.5.1 Market for Truck Segment is Projected to Grow the Fastest
     11.6 Bus
             11.6.1 High Demand for Public Transportation to Drive Bus Market
     11.7 Key Industry Insights

12 Market, By Region (Page No. - 93)
     12.1 Introduction
     12.2 Asia Oceania
             12.2.1 China
                        12.2.1.1 Growing Vehicle Production in China is Expected to Drive the Market in the Country
             12.2.2 India
                        12.2.2.1 Increasing Government Focus on Vehicle Safety to Drive the Indian Market
             12.2.3 Japan
                        12.2.3.1 Rising Adoption of Advance Technology in Vehicles in Japan to Drive the Market
             12.2.4 South Korea
                        12.2.4.1 OEMs Focus on Safety Related System in South Korea to Drive the Market
             12.2.5 Thailand
                        12.2.5.1 Backup Camera System to Lead Thailand Market
             12.2.6 Rest of Asia Oceania
                        12.2.6.1 Backup Camera System to Lead Rest of Asia Oceania Market
     12.3 Europe
             12.3.1 France
                        12.3.1.1 Increasing Demand for Premium Segment Vehicles to Drive Market in France
             12.3.2 Germany
                        12.3.2.1 The Presence of Major Automobile Manufacturers and Its Focus on the Development of Advanced Technology to Drive German Blind

Spot Solutions Market
             12.3.3 Russia
                        12.3.3.1 Increasing Focus of OEMs to Cater to the Demand in the Russian Market has Propelled the Russian Automotive Industry
             12.3.4 Spain
                        12.3.4.1 Backup Camera System Market in Terms of Volume to Lead Spain Market
             12.3.5 Turkey
                        12.3.5.1 Increasing Per Capita Income Will Increase the Purchasing Power
             12.3.6 UK
                        12.3.6.1 Increased Production of Vehicles Equipped With Advanced Electronic Components to Drive UK Market
             12.3.7 Rest of Europe
                        12.3.7.1 Significant Vehicle Production and Technologically Advanced Automotive Industry to Drive Rest of Europe Market
     12.4 North America
             12.4.1 Canada
                        12.4.1.1 Canadian Backup Camera System Market is Driven By the Mandate the System
             12.4.2 Mexico
                        12.4.2.1 Growing Vehicle Production and Rising Vehicle Export is Expected to Drive Mexican Market
             12.4.3 US
                        12.4.3.1 Fast Pace Development of Semi-Autonomous and Autonomous Vehicle to Drive US Market
     12.5 Rest of the World (RoW)
             12.5.1 Brazil
                        12.5.1.1 Surround View System Market is Projected to Be the Fastest Growing
             12.5.2 Iran
                        12.5.2.1 Backup Camera System Market is Estimated to Be the Largest
             12.5.3 Rest of RoW
                        12.5.3.1 Park Assist Market is Estimated to Be Second Largest

13 Competitive Landscape (Page No. - 126)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Scenario
             13.3.1 New Product Developments
             13.3.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
             13.3.3 Expansions
             13.3.4 Mergers & Acquisitions
     13.4 Competitive Leadership Mapping
             13.4.1 Visionary Leaders
             13.4.2 Innovators
             13.4.3 Dynamic Differentiators
             13.4.4 Emerging Companies

14 Company Profiles (Page No. - 135)
(Overview, Products Offerings, Recent Developments & SWOT Analysis)* 
     14.1 Bosch
     14.2 Continental
     14.3 Denso
     14.4 Valeo
     14.5 Aptiv
     14.6 Magna
     14.7 Autoliv
     14.8 Ficosa
     14.9 ZF Friedrichshafen
     14.10 Gentex
     14.11 Samvardhana Motherson
     14.12 Other Key Players
             14.12.1 Asia Oceania
                        14.12.1.1 Murakami Corporation
                        14.12.1.2 Renesas
                        14.12.1.3 Hyundai Mobis
                        14.12.1.4 Samsung Electro Mechanics
                        14.12.1.5 Sl Corporation
                        14.12.1.6 Stonkam
             14.12.2 Europe
                        14.12.2.1 Wabco
                        14.12.2.2 Hella
             14.12.3 North America
                        14.12.3.1 Ambarella Inc.
                        14.12.3.2 Harman
                        14.12.3.3 Muth Mirror Systems
                        14.12.3.4 Voxx International
             14.12.4 Rest of the World
                        14.12.4.1 Mobileye
                        14.12.4.2 Logigo Automotive
*Details on Overview, Products Offerings, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies. 

15 Appendix (Page No. - 171)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
             15.4.1 Detailed Analysis and Profiling of Additional Countries (Up to 3)
             15.4.2 Detailed Analysis and Profiling of Additional Market Players (Up to 3)
             15.4.3 Detailed Country Level Analysis and Profiling Segments (1-2)
     15.5 Related Reports
     15.6 Author Details


List of Tables (95 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Market, By Product Type, 2017–2027 (Thousand Units)
Table 3 Market, By Product Type, 2017–2027 (USD Million)
Table 4 Blind Spot Detection System: Market, By Region, 2017–2027 (Thousand Units)
Table 5 Blind Spot Detection System: Market, By Region, 2017–2027 (USD Million)
Table 6 Backup Camera System: Market, By Region, 2017–2027 (Thousand Units)
Table 7 Backup Camera System: Market, By Region, 2017–2027 (USD Million)
Table 8 Park Assist System: Market, By Region, 2017–2027 (Thousand Units)
Table 9 Park Assist System: Market, By Region, 2017–2027 (USD Million)
Table 10 Surround View System: Market, By Region, 2017–2027 (Thousand Units)
Table 11 Surround View System: Market, By Region, 2017–2027 (USD Million)
Table 12 Virtual Pillars: Market, By Region, 2017–2027 (Thousand Units)
Table 13 Virtual Pillar: Market, By Region, 2017–2027 (USD Million)
Table 14 Market, By Technology Type, 2017–2027 (Thousand Units)
Table 15 Camera: Market, By Region, 2017–2027 (Thousand Units)
Table 16 Radar: Market, By Region, 2017–2027 (Thousand Units)
Table 17 Ultrasonic: Market, By Region, 2017–2027 (Thousand Units)
Table 18 Market, By End Market, 2017–2027 (Thousand Units)
Table 19 Market, By End Market, 2017–2027 (USD Million)
Table 20 OE Market: Market, By Region, 2017–2027 (Thousand Units)
Table 21 OE Market: Market, By Region, 2017–2027 (USD Million)
Table 22 Aftermarket: Market, By Region, 2017–2027 (Thousand Units)
Table 23 Aftermarket: Market, By Region, 2017–2027 (USD Million)
Table 24 Market, By Electric Vehicle Type, 2017–2027 (Thousand Units)
Table 25 Market, By Electric Vehicle Type, 2017–2027 (USD Million)
Table 26 BEV: Market, By Region, 2017–2027 (Thousand Units)
Table 27 BEV: Market, By Region, 2017–2027 (USD Million)
Table 28 FCEV: Market, By Region, 2017–2027 (Units)
Table 29 FCEV: Market, By Region, 2017–2027 (USD Thousand)
Table 30 HEV: Market, By Region, 2017–2027 (Thousand Units)
Table 31 HEV: Market, By Region, 2017–2027 (USD Million)
Table 32 PHEV: Market, By Region, 2017–2027 (Thousand Units)
Table 33 PHEV: Market, By Region, 2017–2027 (USD Million)
Table 34 Market, By Vehicle Type, 2017–2027 (Thousand Units)
Table 35 Market, By Vehicle Type, 2017–2027 (USD Million)
Table 36 Passenger Car: Market, By Region, 2017–2027 (Thousand Units)
Table 37 Passenger Car: Market, By Region, 2017–2027 (USD Million)
Table 38 Light Commercial Vehicle: Market, By Region, 2017–2027 (Thousand Units)
Table 39 Light Commercial Vehicle: Market, By Region, 2017–2027 (USD Million)
Table 40 Truck: Market, By Region, 2017–2027 (Thousand Units)
Table 41 Truck: Market, By Region, 2017–2027 (USD Million)
Table 42 Bus: Market, By Region, 2017–2027 (Thousand Units)
Table 43 Bus: Market, By Region, 2017–2027 (USD Million)
Table 44 Market, By Region, 2017–2027 (Thousand Units)
Table 45 Market, By Region, 2017–2027 (USD Million)
Table 46 Asia Oceania: Market, By Country, 2017–2027 (Thousand Units)
Table 47 Asia Oceania: Market, By Country, 2017–2027 (USD Million)
Table 48 China: Market, By Product Type, 2017–2027 (Thousand Units)
Table 49 China: Market, By Product Type, 2017–2027 (USD Million)
Table 50 India: Market, By Product Type, 2017–2027 (Thousand Units)
Table 51 India: Market, By Product Type, 2017–2027 (USD Million)
Table 52 Japan: Market, By Product Type, 2017–2027 (Thousand Units)
Table 53 Japan: Market, By Product Type, 2017–2027 (USD Million)
Table 54 South Korea: Market, By Product Type, 2017–2027 (Thousand Units)
Table 55 South Korea: Market, By Product Type, 2017–2027 (USD Million)
Table 56 Thailand: Market, By Product Type, 2017–2027 (Thousand Units)
Table 57 Thailand: Market, By Product Type, 2017–2027 (USD Million)
Table 58 Rest of Asia Oceania: Market, By Product Type, 2017–2027 (Thousand Units)
Table 59 Rest of Asia Oceania: Market, By Product Type, 2017–2027 (USD Million)
Table 60 Europe: Market, By Country, 2017–2027 (Thousand Units)
Table 61 Europe: Market, By Country, 2017–2027 (USD Million)
Table 62 France: Market, By Product Type, 2017–2027 (Thousand Units)
Table 63 France: Market, By Product Type, 2017–2027 (USD Million)
Table 64 Germany: Market, By Product Type, 2017–2027 (Thousand Units)
Table 65 Germany: Market, By Product Type, 2017–2027 (USD Million)
Table 66 Russia: Market, By Product Type, 2017–2027 (Thousand Units)
Table 67 Russia: Market, By Product Type, 2017–2027 (USD Million)
Table 68 Spain: Market, By Product Type, 2017–2027 (Thousand Units)
Table 69 Spain: Market, By Product Type, 2017–2027 (USD Million)
Table 70 Turkey: Market, By Product Type, 2017–2027 (Thousand Units)
Table 71 Turkey: Market, By Product Type, 2017–2027 (USD Million)
Table 72 UK: Market, By Product Type, 2017–2027 (Thousand Units)
Table 73 UK: Market, By Product Type, 2017–2027 (USD Million)
Table 74 Rest of Europe: Market, By Product Type, 2017–2027 (Thousand Units)
Table 75 Rest of Europe: Market, By Product Type, 2017–2027 (USD Million)
Table 76 North America: Market, By Country, 2017–2027 (Thousand Units)
Table 77 North America: Market, By Country, 2017–2027 (USD Million)
Table 78 Canada: Market, By Product Type, 2017–2027 (Thousand Units)
Table 79 Canada: Market, By Product Type, 2017–2027 (USD Million)
Table 80 Mexico: Market, By Product Type, 2017–2027 (Thousand Units)
Table 81 Mexico: Market, By Product Type, 2017–2027 (USD Million)
Table 82 US: Market, By Product Type, 2017–2027 (Thousand Units)
Table 83 US: Market, By Product Type, 2017–2027 (USD Million)
Table 84 RoW: Market, By Country, 2017–2027 (Thousand Units)
Table 85 RoW: Market, By Country, 2017–2027 (USD Million)
Table 86 Brazil: Market, By Product Type, 2017–2027 (Thousand Units)
Table 87 Brazil: Market, By Product Type, 2017–2027 (USD Million)
Table 88 Iran: Market, By Product Type, 2017–2027 (Thousand Units)
Table 89 Iran: Market, By Product Type, 2017–2027 (USD Million)
Table 90 Rest of RoW: Market, By Product Type, 2017–2027 (Thousand Units)
Table 91 Rest of RoW: Market, By Product Type, 2017–2027 (USD Million)
Table 92 New Product Developments, 2016–2018
Table 93 Collaborations/Joint Ventures/Supply Contracts/Partnerships/ Agreements, 2016–2018
Table 94 Expansions, 2016–2018
Table 95 Mergers & Acquisitions, 2016–2018


List of Figures (54 Figures)

Figure 1 Market: Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Global Market Size: Bottom-Up Approach
Figure 5 Global Market Size: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Market: Market Outlook
Figure 8 Market: Market Dynamics
Figure 9 Europe to Hold the Largest Share in Market in 2019
Figure 10 Passenger Car to Hold the Largest Share in the Market in 2019
Figure 11 Backup Camera to Hold the Largest Share in the Market in 2019
Figure 12 BEV to Hold the Largest Share in the Market By 2027
Figure 13 Rising Demand for Safety and Convenience Feature By Consumers and Stringent Government Mandates Likely to Boost the Market
Figure 14 India to Grow at the Fastest Rate During the Forecast Period
Figure 15 Backup Camera and Rest of Europe Accounted for the Largest Share in the European Market, By Product &Country Respectively
Figure 16 Camera-Based Blind Spot Solutions Held the Largest Share in Market, By Technology
Figure 17 OE Market to Hold the Largest Share in Market, By End Market
Figure 18 HEV to Hold Largest Market Share in Market, By Electric Vehicle Type
Figure 19 Market: Market Dynamics
Figure 20 Countries Where Private & Commercial Use of Radar Detectors and Sensors are Illegal
Figure 21 Most Value-Added During the Assembly& Manufacturing Stage in the Market
Figure 22 Rising Gni Per Capita and Increased Consumer Spending are Expected to Have A Positive Impact on the Demand for Premium Vehicles
Figure 23 The German Automotive Industry Would Be Positively Impacted By Reduced Costs and Technological Innovations
Figure 24 Improving Gdp and Increasing Focus on Innovation in the Automotive Industry Have Made Japan A Strong Market for Exporting Vehicles
Figure 25 High Rivalry Among Existing Competitors Due to Difference in Terms of Quality
Figure 26 Market, By Product Type, 2019 vs. 2027 (USD Million)
Figure 27 Market, By Technology Type, 2019 vs. 2027 (USD Million)
Figure 28 Market, By End Market, 2019 vs. 2027 (USD Million)
Figure 29 Market, By Electric Vehicle Type, 2019 vs. 2027 (USD Million)
Figure 30 Market, By Vehicle Type, 2019 vs. 2027 (USD Million)
Figure 31 Europe to Dominate the Market During the Forecast Period in Terms of Value
Figure 32 Asia Oceania: Market Snapshot
Figure 33 Europe: Market Snapshot
Figure 34 North America: Market Snapshot
Figure 35 RoW: Market, By Country, 2019 vs. 2027 (USD Million)
Figure 36 Key Developments By Leading Players in the Market, 2016–2018
Figure 37 Continental Lead the Market in 2018
Figure 38 Market (Global): Competitive Leadership Mapping, 2019
Figure 39 Bosch: Company Snapshot
Figure 40 Bosch: SWOT Analysis
Figure 41 Continental: Company Snapshot
Figure 42 Continental: SWOT Analysis
Figure 43 Denso: Company Snapshot
Figure 44 Valeo: Company Snapshot
Figure 45 Valeo: SWOT Analysis
Figure 46 Aptiv: Company Snapshot
Figure 47 Aptiv: SWOT Analysis
Figure 48 Magna: Company Snapshot
Figure 49 Magna: SWOT Analysis
Figure 50 Autoliv: Company Snapshot
Figure 51 Ficosa: Company Snapshot
Figure 52 ZF: Company Snapshot
Figure 53 Gentex: Company Snapshot
Figure 54 Samvardhana Motherson: Company Snapshot

    The study involved four major activities in estimating the current market size of the blind spot solutions market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

    Secondary Research

    The study involves country-level OEM and model-wise analysis of blind spot solutions. This analysis includes historical trends as well as existing penetrations by country as well as by vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and regulations or mandates on the implementation of automotive electronics, which drive the market. In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, automobile OEMs, Canadian Automobile Association (CAA), country-level automotive associations and trade organizations, and the Department of Transportation (DOT)], automotive magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical reports, and databases (for example, Marklines and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global market.

    Primary Research

    Extensive primary research has been conducted after acquiring an understanding of the market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across four major regions, namely, North America, Europe, Asia Oceania, and rest of the World. Approximately 40% and 60% of primary interviews have been conducted from the demand- and supply-side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

    After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter expert’s opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents:

    The figure given below illustrates the break-up of the profile of industry experts who participated in the primary discussions.

    Blind Spot Solutions Market

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    Both top-down and bottom-up approaches were used to estimate and validate the total size of the blind market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

    • The key players in the industry and markets have been identified through extensive secondary research.
    • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
    • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

    Data Triangulation

    After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand- and supply-sides.

    Report Objectives

    • To define, describe, and project (2019–2027) the market by volume (thousand units) and value (USD million)
    • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market
    • To analyze and forecast the demand for blind spot solutions and forecast the market size, by value, based on product type (blind spot detection system, park assist system, backup camera, virtual pillar, and surround view system)
    • To analyze and forecast the market for blind spot solutions and forecast the market size, by volume and value, based on technology type (camera, radar, and ultrasonic)
    • To analyze and forecast the market for blind spot solutions and forecast the market size, by volume and value, based on vehicle type (passenger car, LCV, truck, and bus)
    • To analyze and forecast the market for blind spot solutions and forecast the market size, by value, based on electric vehicle type (BEV, HEV, PHEV, and FCEV)
    • To analyze and forecast the market for blind spot solutions and forecast the market size, by value, based on end market type (OE market and aftermarket)
    • To forecast the market size, by volume and value, of the market with respect to four regions, namely, North America, Europe, Asia Oceania, and the Rest of the World (RoW)
    • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
    • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the market

    Available Customizations

    • Detailed analysis and profiling of additional countries (up to 3)
    • Detailed analysis and profiling of additional market players (up to 3)
    • Detailed country-level analysis and profiling segments (1-2)
    Report Code
    AT 7136
    Published ON
    Jun, 2019
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