Blind spot solutions are responsible for keeping the driver of the vehicle informed of any objects, pedestrians or vehicle at their blind side. These solutions utilize various camera, sensors and software in a combined operating environment to ensure higher visualization. This solution also warns the driver and even takes control of the vehicle, if necessary to halt the acceleration and put on the emergency brakes. Different cameras and sensor variants collect the information
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Blind spot solutions market is growing due to rising strictness regarding the regulations of vehicle and driver safety, rising usage of advanced mirrors; the effects of these factors are mentioned below:
Strategic launches of products and innovations of technologies in the market:
The market is segmented on the basis of product type as BSD system, backup camera system, park assist system, surround view system, virtual pillars; technology type as camera-based, radar-based, ultrasonic-based; distribution channel as OEMs, aftermarket; EV type as BEV, FCEV, HEV, PHEV; ICE vehicle type as PC, LCV, truck, bus.
“According to Data Bridge Market Research, global blind spot solutions market is expected to reach USD 25.92 billion by 2026, growing with a healthy CAGR during the forecast period of 2019 to 2026”
Some of the major players operating in market are Robert Bosch GmbH; Continental AG; DENSO CORPORATION; Valeo; Aptiv; Magna International Inc.; Ficosa Internacional SA; Autoliv Inc.; ZF Friedrichshafen AG; Gentex Corporation; Samvardhana Motherson Group; Murakami Corporation; Renesas Electronics Corporation; HYUNDAI MOBIS; SAMSUNG ELECTRO-MECHANICS; SL Corporation; STONKAM CO.,LTD.; WABCO; HELLA GmbH & Co. KGaA; Ambarella Inc.; HARMAN International; Muth Mirror Systems, LLC; VOXX Electronics Corp. and Mobileye among others.
Due to the significant rise in adoption of autonomous vehicles and semi-autonomous technology in various vehicles the utilization rate of blind spot solutions technology has significantly enhanced. This technology is mostly focused on detecting the objects and vehicles on the driver’s blind spot on their own and is capable of operating autonomously. Autonomous vehicles are based on a number of different advanced technologies that are combined to provide autonomous capabilities in vehicles.
Global Blind Spot Solutions Market – Industry Trends and Forecast to 2028