Blind Spot Detection (BSD) Systems Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030
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 driver/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.
The use of wide-angle lenses in automotive camera modules used in ADAS (like the BSD systems) is gaining importance due to its wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that capture the drivers blind spots on the road; hence, to expand the coverage field of cameras, the wide-angle technology is used. Although the image from wide angle lenses cameras are subject to certain irregularities such as radial distortion, uneven illumination, and tangential distortions that could negatively affect the output of the camera. OEMs and camera module manufacturers are actively investing to improve the output from wide-angle cameras.
The Global Blind Spot Detection (BSD) Systems Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global Blind Spot Detection (BSD) Systems Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Autoliv
Bosch
Continental
Delphi
Denso
Harman
Mobileye
Siemens
Auto-i
Ficosa
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Radar
Ultrasonic
LIDAR
Other Sensors
In Market segmentation by applications :
OEM
Aftermarket
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Blind Spot Detection (BSD) Systems Market for the forecast period 2023-2030?
• What are the driving forces in the Blind Spot Detection (BSD) Systems Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Blind Spot Detection (BSD) Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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