Blind Spot Object Detection System Market is predicted to reach USD 24,371.4 million at a CAGR of 15.7% during the forecast period

Pune, India, August 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Blind Spot Object Detection System Market.

Blind Spot Object Detection System Market

A blind spot object detection system alerts the driver of vehicles for obstacles in blind spots around the vehicle. These blind spot sensors mount to the side of the vehicle to detect objects in the side blind spots using radar sensors and cameras.

Blind Spot Object Detection System

Market Synopsis

According to the MRFR analysis, the global blind spot object detection system market size is projected to reach USD 24,371.4 million by 2030 at a CAGR of 15.7%.

The global blind spot object detection system market is emerging due to the increasing demand for safety features in automobiles across the globe and the rising technological advancements in automobiles. Additionally, the growing demand of consumers for luxury vehicles will provide growth opportunities for the market in the future. However, the technological limitations associated with the blind spot object detection system and the lack of a skilled workforce might hamper the market growth in the forecast period.

The COVID-19 pandemic affected the automobile industry worldwide due to decreased demand for vehicles and restrictions on manufacturing plants. The COVID-19 pandemic has had a swift and severe impact on the global blind spot object detection system market. The manufacturers in the blind spot object detection system import raw materials from various regions around the globe. The coronavirus pandemic has affected the supply chain, resulting in a shortage of components.

Blind Spot Object Detection System Market Competitive Landscape

The global blind spot object detection system market is characterized by many regional and local vendors. The regional market is highly competitive, with all the players continually competing to gain a larger market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. Therefore, vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.

Ficosa, Delphi Technologies, Nissan Motor Co Ltd, Denso Corporation, Magna International Inc., Valeo, Hitachi Asmeto Americas, Inc., Continental AG, Robert Bosch Gmbh, Daimler AG, Autoliv Inc., Gentex Corporation, Mobileye, ZF Friedrichshafen AG are the major players in the blind spot object detection system market.

Access detailed research report of Blind Spot Object Detection System Industry

Market Segmentation:

Blind Spot Object Detection System Market Based on technology:

• Radar sensors: Radar sensors are devices that convert microwave echo signals into electrical signals. These sensors use sensing technology for motion detection by comprehending the object's position, motion characteristics, shape, and motion trajectory. These automotive sensors are not dependent on light and darkness for detection and measurement. They detect objects placed at longer distances and use constant modulated frequency and reflection to determine the distance and object speed.


• Camera: Camera-assisted blind spot object detection system uses visual systems for object recognition. The new generation vehicles are integrated with small cameras in different locations to understand the obstacles better. Also, these installed cameras offer large field sight for better visualization and blind-spot detection. These cameras are configured with controllers and indicators to receive signals after the images are processed, determining the blind spot of the vehicle. Also, the sensors proved to be inaccurate at moments in the automated vehicles. The demand for camera-assisted blind spot detection systems surged in recent years.

Blind Spot Object Detection System Market Based on vehicle type:

• Passenger type: The growing mobilization of rented fleets, sharing cabs, and surging intra-city transportation is driving the demand for passenger blind spot object detection systems. Countries such as France, Italy, Germany, Japan, and the UK have the largest passenger transport network. In addition, the increasing usage of electric vehicles and autonomous vehicles for passenger transportation among these countries is fuelling the blind spot object detection system market demand.


• Commercial type: Commercial vehicles are automobiles used for carrying fare-paying passengers and transporting goods. The huge body size and weight of the commercial vehicles are problematic to control in emergencies. Therefore, integrating a blind spot object detection system in commercial vehicles is highly recommended to avoid hazardous situations and lethal coincidences. Regular occurrence of critical situations on the highways at diversions and during lane change has created opportunities for the industry players. The blind spot object detection system market players introduced several blind-spot detection systems for commercial vehicles to tackle such situations on highways.

Blind Spot Object Detection System Market Based on sales channel:

• OEM: Original equipment manufacturer (OEM) is defined as a company that manufactures the vehicles. The blind spot object detection system which is used by automotive manufacturers is covered under this segment.


• Aftermarket: Aftermarket products are produced by a different company and are designed to be compatible with as many makes and models as possible. Aftermarket manufacturer makes products that look like and work interchangeably with those of the OEM. This segment covers the blind spot object detection systems which are assembled in the vehicle post purchase of it.

Blind Spot Object Detection System Market Based on region:

• North America: Increasing demand for safety features in automobiles, adoption of smart mirrors in the automotive industry, and rising demand for premium vehicles are boosting the adoption of blind spot object detection systems market in North America. In addition, increased awareness related to road safety and good driving practices contributes to the regional market growth.


• Europe: In Europe, the increasing number of luxury vehicles sales has augmented the demand for blind spot object detection system market. Germany, the UK, and France are the leading countries in Europe that have fuelled the market's growth. The major growth drivers of the blind spot monitor market in the region include growing demand for the technology, rising need for a safe and secure driving experience, and increasing development of semi-autonomous vehicles.


• Asia-Pacific: The ease of availability of raw materials and mass production of automobiles in numerous countries across the Asia-Pacific region has propelled the market's growth. Increasing disposable income of customers has led to broader adoption of automobiles and has changed the consumer preference from entry-level to mid-variant level. Rising urbanization and expansion of the rail network have coupled with the growth of blind-spot detection systems. The increasing demand for safety features in automobiles also results in the growing demand for the blind spot object detection system Therefore, this helps for increasing disposable income to produce automobiles across the Asia-Pacific region.


• South America: South America region comprises of countries like Brazil, Argentina, Columbia, Chile, Peru, among others. Brazil and Argentina are the major countries in the region for automotive market. Colombia ranks as the third-largest automobile assembler in South America (after Brazil and Argentina).


• Middle East & Africa: The demand for blind spot detection object systems market is growing in the Middle East due to rising affordability and government regulations promoting intelligent systems to assist drivers and improve safety. Such systems can provide information about traffic, congestion levels, blockage of roads, monitoring, warning, and braking, primarily fuelled by regulatory and consumer interest in safety applications that reduce accidents.