Global Blind Spot Solutions Market – Industry Trends and Forecast to 2026

  • Automotive
  • Upcoming Report
  • Jul 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Blind Spot Solutions Market By Product Type (BSD System, Backup Camera System, Park Assist System, Surround View System, Virtual Pillars), Technology Type (Camera-Based, Radar-Based, Ultrasonic-Based), Distribution Channel (OEM, Aftermarket), EV Type (BEV, FCEV, HEV, PHEV), ICE Vehicle Type (PC, LCV, Truck, Bus), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Blind Spot Solutions Market

Global blind spot solutions market is expected to rise to an estimated value of USD 25.92 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising incidences of accidents caused with heavy commercial vehicles due to their inability to view the vehicle’s blind spots along with increasing utilization of these systems in premium vehicles.

Market Definition: Global Blind Spot Solutions Market

Blind spot solutions are the collection of components, software, that are combined to provide better visualization of the vehicle’s blind spots whether they be on its side or the rear. These solutions combine all of the components to provide drivers better prevention measures informing them of any obstacles, vehicles, pedestrians or motorbikes in their blind vision. These solutions are provided with a combination of information generated from radar sensors, infrared sensors, cameras, and various other components.

Market Drivers:

  • Rising strictness regarding the regulations of vehicle and driver safety requiring advanced technologies and solutions; this factor is expected to drive the growth of the market
  • Rising usage of advanced mirrors which result in better visualization of the rear and side of the vehicle; this factor is expected to drive the growth of the market
  • Rising demand from the consumers for effective vehicle safety offerings; this factor is expected to drive the growth of the market

Market Restraints:

  • Concerns regarding usage of radar, sensors as being illegal in some of the countries of the world; this factor is expected to restrict the growth of the market
  • Presence of regulations pertaining to the utilization of vehicles that are mirrorless is expected to hinder the adoption rate of these solutions

Segmentation: Global Blind Spot Solutions Market

By Product Type

  • Blind Spot Detection (BSD) System
  • Backup Camera System
  • Park Assist System
  • Surround View System
  • Virtual Pillars

By Technology Type

  • Camera-Based
  • Radar-Based
  • Ultrasonic-Based

By Distribution Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

By Electric Vehicle (EV) Type

  • Battery Electric Vehicle (BEV)
  • Full-Cell Electric Vehicle (FCEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)

By Internal Combustion Engine (ICE) Vehicle Type

  • Passenger Cars (PC)
  • Light Commercial Vehicles (LCV)
  • Truck
  • Bus

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In January 2019, HARMAN International announced the launch of a new set of technologies and systems specially designed for ADAS applications in vehicles at the CES 2019, held in Las Vegas, Nevada, United States from January 8-11, 2019. The company is focusing on developing more advanced technologies in collaboration with various other established technological leaders to provide a collection of sensing solutions
  • In December 2018, Ambarella Inc. announced the launch of their “CV22AQ automotive camera System-on-Chip (SoC), which will be combined with their CVflow computer vision architecture for effective DNN processing. The offering will be applied for in ADAS camera, in mirrors for BSD, interior cameras, and also with Monitors for park assist. The product is designed to meet NCAP requirements for lane keeping, AEB, headlight control and also speed assistance
  • In September 2018, Ficosa Internacional SA in collaboration with AUDI AG to develop the world’s first digital rear view system specially designed for operations within AUDI’s e-tron models. The system known as CMS (Camera Monitoring System), combines cameras and display monitors for replacing the side mirrors. This is a major step in the advanced technologies integration for the automotive industry

Competitive Analysis:

Global blind spot solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of blind spot solutions market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global blind spot solutions 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.

Research Methodology: Global Blind Spot Solutions Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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