Report Outlook
Market Size | CAGR | Dominating Region |
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Grow from $33500 Million in 2029 | 10.5% | Europe |
By Type | By Application | By Region |
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SCOPE OF THE REPORT
Blind Spot Monitor Market Overview
The blind spot monitor market is expected to grow at 10.5% CAGR from 2022 to 2029. It is expected to reach above USD 33,500 million by 2029.
The global Blind Spot Monitor (BSM) market, increasing consumer demand, and increasing corporate globalization have all contributed to a quick increase in business. The market for Blind Spot Monitors (BSM) has grown quickly around the world as a result of key industry players increasing their R&D spending and implementing IoT and AI technologies. The market is anticipated to develop in the near future as a result of rising government expenditure in urbanization. During that time, a steady rate of market growth is anticipated. A competitive and varied market has been produced as a result of the ecosystem’s primary actors.
The increased demand for passenger automobiles and commercial vehicles, as well as customers’ growing awareness of safety features, are both factors contributing to the market’s expansion. Due to its low cost and excellent precision, the global market for radar sensors, which had a 2016 market value of USD 1,078 million, is anticipated to dominate the global BSM market throughout the projection period. A rising demand for passenger automobiles and commercial vehicles in nations like China and India is predicted to make the Asia Pacific the region with the quickest growth during the projection period. Due to the increased use of cutting-edge safety features in cars, the market in North America is anticipated to expand more quickly. In Europe and the Middle East & Africa, the market is expected to grow at a slower rate owing to stringent regulations pertaining to safety features in these regions.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2022 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Million), (THOUSAND UNITS) |
Segmentation | By Type, By Application, By Region |
By Type
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By Application
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By Region
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The industry is experiencing development due to rising government spending, rising awareness of the need of driving safely, and rising multi-camera system growth potential. An increasing number of businesses are forming alliances to advance their products; one such alliance is between Analog Devices Inc. and Vescent Photonics. Through this agreement, Analog will be better able to build LiDAR systems and provide specialized services for autonomous driving and vehicle safety. However, market expansion may be hampered by security threats and high technology costs. Vendors are equipping vehicles with cutting-edge technology such as sensor technology for safety reasons, which is driving up vehicle prices and could adversely affect market expansion.
A blind spot monitor is a vehicle-based sensor device that detects other vehicles on the driver’s side and behind. Blind spot monitors do more than just monitor the sides and rear of your vehicle, however. It can also include cross traffic alerts to warn drivers when cars are approaching from the side. Blind spot monitoring is one of his most useful security tools. Paying attention to audible or visual warnings can minimize changes when merging into another vehicle.
Systems with collision avoidance enhance the value of blind spot monitoring by actively steering and braking to further enhance safety while driving. Despite being generously equipped with mirrors, large commercial vehicles often have very poor visibility. Drivers are often unable to see critical areas next to the vehicle. Blind spot monitors use side-mounted radar sensors in the cab to monitor the detection area for relevant objects. If such an object is detected, the system will warn the driver and assist him in taking action. Blind spot monitoring is a feature that should be standard on all Mercedes-Benz models.
The economic impact of the COVID-19 pandemic has been felt in many industries and it will take a long time for companies experiencing unprecedented slowdowns in major economies to return to pre-pandemic growth levels. The COVID-19 pandemic has impacted global industrial production, impacting both raw materials and supply chains. The pandemic has had a major impact on the manufacturing sector around the world. Companies, especially import-dependent industries, are undergoing a transformation of their supply chains.
Blind Spot Monitor Market Segment Analysis
The blind spot monitor market is segmented based on type, application and region, global trends and forecast.
By type, the market is bifurcated into Radar sensor, Ultrasonic sensor, other. By Application (Passenger car, Commercial vehicle) and Region, Global trends and forecast.
Radar sensor, ultrasonic sensor are type segment of blind spot monitor market. a radar sensor is a device that emits and receives radio waves into its surroundings. This is an important part of any electronic device with a viewfinder or screen as it helps detect other vehicles nearby. The main function of the radar sensor in the BSM system is to warn the driver of the presence of vehicles in the next lane by providing a warning display on the dashboard. Ultrasonic sensors are used in blind spot monitors (BSM) to detect the presence of another vehicle in the lane by generating and emitting ultrasonic pulses. These sensors work on the principle of sound waves, which are used to measure distance. Ultrasonic sensors are superior to infrared and radar-based systems because they work effectively in low light and at night. These ultrasound systems use high frequency sound waves that bounce off objects.
Application segment include passenger car, commercial vehicle. The passenger car segment dominated the overall blind spot monitor market in terms of revenue in 2015. The high penetration of this segment is due to the increasing number of mid- and heavy-duty vehicles sold with standard rear-view cameras. As a safety measure, blind spot monitors are regularly installed along with a rear-view camera to improve visibility when reversing or parking at night, or when visibility is poor due to fog or rain showers. This growth is due to increased demand for commercial vehicle safety and protection. Blind spot monitors (BSM) are used in commercial vehicles to detect the presence of pedestrians and cyclists in the vehicle’s blind spots.
Blind spot monitor Market Players
The blind spot monitor market key players include Continental, Denso, Bosch, Valeo, Delphi, ZF TRW, WABCO, Hella, Autoliv
October 18, 2018 – The technology company Continental has developed a Virtual A-Pillar to help remove forward blind spots – making wide A-pillars virtually see-through. The front support pillars, often referred to as A-pillars, anchor the windshield and the beginning foundation of the vehicle’s roof. However, A-pillars have also been identified as visual obstructions for the driver. Over the years, A-pillars have expanded to improve rollover safety and meet more rigorous federal roof-crush standards. This trend poses an increased hazard to pedestrians and vulnerable road users easily obscured from the driver’s view.
Aug. 10, 2017 DENSO Corporation announced that it has developed a 24-GHz submillimeter-wave rear and side radar sensor to help enhance vehicle safety systems. The sensor is used in the 2018 Toyota Camry released this past July
Who Should Buy? Or Key stakeholders
- Blind spot monitor suppliers
- Manufacturers of blind spot monitors
- Raw material suppliers
- Market research and consulting firms
- Government agencies such as regulators and policy makers
- Organizations, forums and alliances related to blind spot monitors
- Others
Blind Spot Monitor Market Regional Analysis
The blind spot monitor market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
During the projected period Europe, the largest market in 2021 accounted for majority of the market. Surging use of blind spot monitor in Passenger car, Commercial vehicle applications has led Europe as leading region in a blind spot monitor market. Asia pacific is predicted to register a moderate growth.
The global blind spot monitor market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Europe accounted for the largest share of sales and will remain the leader throughout the forecast period due to increased demand for blind spot monitoring systems from Germany, the rest of Europe and the United Kingdom, increased demand for sensor technology and increased development A semi-autonomous car is expected. Europe is the market’s top producer of blind spot monitor, according to production. In 2021, this area produced over 38% of the total amount of Blind spot monitor produced worldwide.
Key Market Segments: Blind spot monitor market
Blind Spot Monitor Market By Type, 2020-2029, (USD Million), (Thousand Units)
- Radar Sensor
- Ultrasonic Sensor
- Other
Blind Spot Monitor Market By Application, 2020-2029, (USD Million), (Thousand Units)
- Passenger Car
- Commercial Vehicle
Blind Spot Monitor Market By Region, 2020-2029, (USD Million), (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Key Question Answered
- What is the current size of the blind spot monitor market?
- What are the key factors influencing the growth of blind spot monitor?
- What are the major applications for blind spot monitor?
- Who are the major key players in the blind spot monitor market?
- Which region will provide more business opportunities blind spot monitor in future?
- Which segment holds the maximum share of the blind spot monitor market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL BLIND SPOT MONITOR MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON BLIND SPOT MONITOR MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL BLIND SPOT MONITOR MARKET OUTLOOK
- GLOBAL BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION, THOUSAND UNITS), 2020-2029
- RADAR SENSOR
- ULTRASONIC SENSOR
- OTHER
- GLOBAL BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION, THOUSAND UNITS), 2020-2029
- PASSENGER CAR
- COMMERCIAL VEHICLE
- GLOBAL BLIND SPOT MONITOR MARKET BY REGION (USD MILLION, THOUSAND UNITS), 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
8.1 CONTINENTAL
8.2 DENSO
8.3 BOSCH
8.4 VALEO
8.5 DELPHI
8.6 ZF TRW
8.7 WABCO
8.8 HELLA
8.9 AUTOLIV *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â GLOBAL BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 2Â Â Â GLOBAL BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 3Â Â GLOBAL BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 4Â Â Â GLOBAL BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 5Â Â GLOBAL BLIND SPOT MONITOR MARKET BY REGION (USD MILLION), 2020-2029
TABLE 6Â Â GLOBAL BLIND SPOT MONITOR MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 7Â Â Â NORTH AMERICA BLIND SPOT MONITOR BY COUNTRY (USD MILLION), 2020-2029
TABLE 8Â Â Â NORTH AMERICA BLIND SPOT MONITOR BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 9Â Â NORTH AMERICA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 10Â Â NORTH AMERICA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 11Â Â NORTH AMERICA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 12Â Â NORTH AMERICA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 13Â Â US BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 14Â Â US BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 15Â Â US BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 16Â Â US BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 17Â Â CANADA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 18Â Â CANADA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 19Â Â MEXICO BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 20Â Â MEXICO BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 21Â Â MEXICO BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 22Â Â MEXICO BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 23Â Â SOUTH AMERICA BLIND SPOT MONITOR MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 24Â Â SOUTH AMERICA BLIND SPOT MONITOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 25Â Â SOUTH AMERICA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 26Â Â SOUTH AMERICA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 27Â Â SOUTH AMERICA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 28Â Â SOUTH AMERICA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 29Â Â BRAZIL BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 30Â Â BRAZIL BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 31Â Â ARGENTINA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 32Â Â ARGENTINA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 33Â Â ARGENTINA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 34Â Â ARGENTINA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 35Â Â COLOMBIA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 36Â Â COLOMBIA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 37Â Â COLOMBIA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 38Â Â COLOMBIA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 39Â Â COLOMBIA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 40Â Â REST OF SOUTH AMERICA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 41Â Â REST OF SOUTH AMERICA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 42Â Â REST OF SOUTH AMERICA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 43Â Â REST OF SOUTH AMERICA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 44Â Â Â ASIA-PACIFIC BLIND SPOT MONITOR MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 45Â Â ASIA-PACIFIC BLIND SPOT MONITOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 46Â Â ASIA-PACIFIC BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 47Â Â ASIA-PACIFIC BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 48Â Â ASIA-PACIFIC BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 49Â Â ASIA-PACIFIC BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 50Â Â INDIA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 51Â Â INDIA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 52Â Â INDIA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 53Â Â INDIA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 54Â Â CHINA BLIND SPOT MONITOR MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 55Â Â CHINA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 56Â Â CHINA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 57Â Â CHINA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 58Â Â JAPAN BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 59Â Â JAPAN BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 60Â Â JAPAN BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 61Â Â JAPAN BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 62Â Â SOUTH KOREA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 63Â Â SOUTH KOREA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 64Â Â SOUTH KOREA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 65Â Â SOUTH KOREA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 66Â Â AUSTRALIA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 67Â Â AUSTRALIA BLIND SPOT MONITOR BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 68Â Â AUSTRALIA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 69Â Â AUSTRALIA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 70Â Â SOUTH EAST ASIA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 71Â Â SOUTH EAST ASIA BLIND SPOT MONITOR BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 72Â Â SOUTH EAST ASIA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 73Â Â SOUTH EAST ASIA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 74Â Â REST OF ASIA PACIFIC BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 75Â Â REST OF ASIA PACIFIC BLIND SPOT MONITOR BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 76Â Â REST OF ASIA PACIFIC BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 77Â Â REST OF ASIA PACIFIC BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 78Â Â EUROPE BLIND SPOT MONITOR MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 79Â Â EUROPE BLIND SPOT MONITOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 80Â Â EUROPE BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 81Â Â EUROPE BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 82Â Â EUROPE BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 83Â Â EUROPE BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 84Â Â GERMANY BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 85Â Â GERMANY BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 86Â Â GERMANY BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 87Â Â GERMANY BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 88Â Â UK BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 89Â Â UK BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 90Â Â UK BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 91Â Â UK BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 92Â Â FRANCE BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 93Â Â FRANCE BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 94Â Â FRANCE BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 95Â Â FRANCE BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 96Â Â ITALY BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 97Â Â ITALY BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 98Â Â ITALY BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 99Â Â ITALY BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 100Â Â SPAIN BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 101Â Â SPAIN BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 102Â Â SPAIN BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 103Â Â SPAIN BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 104Â Â RUSSIA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 105Â Â RUSSIA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 106Â Â RUSSIA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 107Â Â RUSSIA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 108Â Â REST OF EUROPE BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 109Â Â REST OF EUROPE BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 110Â Â REST OF EUROPE BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 111Â Â REST OF EUROPE BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 112Â Â MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY COUNTRY (USD MILLION), 2020-2029
TABLE 113Â Â MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 114Â Â MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 115Â Â MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 116Â Â MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 117Â Â MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 118Â Â UAE BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 119Â Â UAE BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 120Â Â UAE BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 121Â Â UAE BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 122Â Â SAUDI ARABIA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 123Â Â SAUDI ARABIA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 124Â Â SAUDI ARABIA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 125Â Â SAUDI ARABIA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-Â Â Â 2029
TABLE 126Â Â SOUTH AFRICA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 127Â Â SOUTH AFRICA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 128Â Â SOUTH AFRICA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 129Â Â SOUTH AFRICA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 130Â Â REST OF MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY TYPE (USD MILLION), 2020-2029
TABLE 131Â Â REST OF MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 132Â Â REST OF MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY APPLICATION (USD MILLION), 2020-2029
TABLE 133Â Â REST OF MIDDLE EAST AND AFRICA BLIND SPOT MONITOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029Â
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL BLIND SPOT MONITOR BY TYPE, USD MILLION, 2020-2029
FIGURE 9 GLOBAL BLIND SPOT MONITOR BY APPLICATION, USD MILLION, 2020-2029
FIGURE 10 GLOBAL BLIND SPOT MONITOR BY REGION, USD MILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL BLIND SPOT MONITOR MARKET BY FIBER TYPE, USD MILLION, 2021
FIGURE 13 GLOBAL BLIND SPOT MONITOR MARKET BY APPLICATION, USD MILLION, 2021
FIGURE 14 GLOBAL BLIND SPOT MONITOR MARKET BY REGION 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 CONTINENTAL: COMPANY SNAPSHOT
FIGURE 17 DENSO: COMPANY SNAPSHOT
FIGURE 18 BOSCH: COMPANY SNAPSHOT
FIGURE 19 VALEO: COMPANY SNAPSHOT
FIGURE 20 DELPHI: COMPANY SNAPSHOT
FIGURE 21 ZF TRW: COMPANY SNAPSHOT
FIGURE 22 WABCO: COMPANY SNAPSHOT
FIGURE 23 HELLA: COMPANY SNAPSHOT
FIGURE 24 AUTOLIV: COMPANY SNAPSHOT
FAQ
The global blind spot monitor market is growing at a CAGR of 10.5% during forecasting period 2022-2029. It is expected to reach above USD 33,500 million by 2029.
Europe held more than 38% of the blind spot monitor market revenue share in 2021 and will witness expansion in the forecast period.
The increased demand for passenger automobiles and commercial vehicles, as well as customers’ growing awareness of safety features, are both factors contributing to the market’s expansion. Due to its low cost and excellent precision, the global market for radar sensors, which had a 2016 market value of USD 1,078 million, is anticipated to dominate the global BSM market throughout the projection period
The passenger car segment dominated the overall blind spot monitor market in terms of revenue in 2015. The high penetration of this segment is due to the increasing number of mid- and heavy-duty vehicles sold with standard rear-view cameras. As a safety measure, blind spot monitors are regularly installed along with a rear-view camera to improve visibility when reversing or parking at night, or when visibility is poor due to fog or rain showers. This growth is due to increased demand for commercial vehicle safety and protection. Blind spot monitors (BSM) are used in commercial vehicles to detect the presence of pedestrians and cyclists in the vehicle’s blind spots.
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