Global Blind Spot Solutions Market: Autonomous Vehicles Enhancing the Demand of the Market

Global Blind Spot Solutions Market

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:

  • Rising strictness regarding the regulations of vehicle and driver safety: With the prevalence of various strict regulations presented by different authorities, the adoption rate for blind spot solutions have enhanced at a significant scale as these systems helps in promoting the prevention of accidents and road incidents by helping provide visualization or warning the driver regarding the presence of pedestrian or objects at the driver’s blind side/spot
  • Rising usage of advanced mirrors: Another factor that is helping in improving the levels of growth for blind spot solutions is the availability of advanced mirrors and other automotive components that increases the performance of blind spot solutions in the vehicle. These components are designed to exhibit greater visualization for the blind side of the vehicle further enhancing the levels of adoption for blind spot solutions

Strategic launches of products and innovations of technologies in the market:

  • In September 2018, ZF Friedrichshafen AG exhibited their latest blind spot monitoring solutions for trucks to ensure better safety and protection of road users on the vehicle’s blind side. The solution utilizes a radar-based turn assist system for monitoring the right side of the vehicle and provides a warning to the driver as any road user or object appears close to the vehicle in their blind spot/collision zone. This solution will be upgraded to “Side Vision Assist” system utilizing camera-based images taking control of the vehicle whenever required to reduce any accidents
  • In October 2017, WABCO announced the availability of “WABCO OnSide”. It is a radar-based system designed for commercial trucks informing the driver of the vehicle regarding the presence of a vehicle or object present in the vehicle’s blind spot helping inform them in the form of a warning for reducing any accidental risks

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.