Brazil, South Africa, and Vietnam are the fastest growing demand hubs within the $6.4 billion Blind Spot Detection System market and expected to grow with a CAGR range of 8.5% and 12.3% for the period of 2024 to 2030. Automobile and aviation are major application areas for Blind Spot Detection System and market competition is fierce in these applications. Aviation industry uses Blind Spot Detection to identify obstacles and prevent collisions while on the ground. The implementation of this technology by Boeing has led to advancements in ensuring the safety of ground crew members and enhancing their awareness of proximity concerns, around them.
Leading players in such as Bosch, Continental, Valeo, Denso, Delphi, Magna, Ford, Toyota, Mercedes-Benz, Garmin, Boeing and Audi are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.
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The Shift towards self driving cars in the automotive sector requires advanced safety features like Blind Spot Detection; and leading companies such as Waymo incorporating these technologies into their autonomous vehicles.
Global Regional Analysis
As per research study, Blind Spot Detection System is expected to rise to $24.1 billion by 2035 from $6.4 billion of 2023 with a CAGR of 11.7%. In North America major companies such as Ford and General Motors have an advantage in ADAS technologies making them frontrunners in incorporating Blind Spot Detection Systems as standard features in cars. Increased awareness among consumers, about safety and the presence of advanced regulatory frameworks contribute to driving up the demand even more.
Research Scope
Segment | Subsegment |
Technology Component | Sensors Actuators Software |
End-User | Automobile Aviation Marine |
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