Global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market Growth 2019-2024

Blind Spot Detection (BSD) system is a sensor based detection system implemented in automobiles that is used for monitoring vehicles at the rear and side of the driver/vehicle. Such systems generate tactile, audible, vibrating or visual form of warnings. They also assist the driver at the parking lots when there are other vehicles approaching from the sides. Blind spots are caused due to various objects such as passengers, headrests and window pillars. Mirrors are generally used to remove the blind spots but the disadvantage being that they leave huge dead on all the sides of the vehicle. BSD systems, with the help of cameras and sensor systems generate information about various objects that are outside the range of driver’s vision.
Adaptive cruise control is similar to conventional cruise control in that it maintains the vehicle's pre-set speed. However, unlike conventional cruise control, this new system can automatically adjust speed in order to maintain a proper distance between vehicles in the same lane. This is achieved through a radar headway sensor, digital signal processor and longitudinal controller. If the lead vehicle slows down, or if another object is detected, the system sends a signal to the engine or braking system to decelerate. Then, when the road is clear, the system will re-accelerate the vehicle back to the set speed.

The rising number of accidents due to increase in traffic flow is one of the prime reason that is contributing to the growth of BSD and ACC system market. The implementation of such safety systems by the automobile industry has rapidly increased. BSD and ACC systems ensure safety of the passengers; customers are frequently looking for such advanced safety features and are also willing to pay.
Contributing to the growth of this market is the stiff competition among the automobile manufacturers. The manufacturers are continuously upgrading their models so as to cater to the huge demand of innovative safety features that can be used for various applications. The increasing use of sensors due to the advancements in technology is another factor that is contributing to the growth of this market.

According to this study, over the next five years the Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market by product type, application, key manufacturers and key regions and countries.

This study considers the Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Ultrasonic Sensor
Camera
Rador Sensor
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
SUV
Roadster
Minivan
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Denso
Bosch
Continental
Delphi
TRW
Aisin
Autoliv
Valeo
Hella
GNSD

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System market by identifying its various subsegments.
Focuses on the key global Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.