- 20 August 2019 15:56
Blind Spot Monitoring Market Size, Share, Growth Predictions and Forecast 2018 - 2025
Global blind spot monitoring market is projected to witness an impressive double digit CAGR of 12.4% over the next five years and reach US$ 3.0 billion in 2022. Increased demand for safety solutions, the introduction of more stringent government programs, advancement in technology, and increasing production of luxury vehicles are the key factors that are directly contributing to the increasing demand for blind spot detection system in the automotive industry.
Blind Spot Monitor
These monitors warn you of cars driving in your blind spots. They may provide an additional warning if you use your turn signal when there is a car next to you in another lane.
WHAT IT DOES
This feature will warn you if a car – or sometimes other objects – is in your left or right blind spot. Warnings will appear in your sideview mirrors or in the windshield frame. Some advanced versions of this feature may give you an audible warning (or other type of warning) if you use your turn signal and there is a vehicle in your blind spot.
THE TECHNOLOGY BEHIND IT
This feature uses sensors that are always monitoring the road to your sides. They are optimized to work at highway speeds. Advanced features will work with your turn signal to provide you additional warnings if you attempt to change into a lane where another car is right next to yours.
WHAT YOU NEED TO DO
Use the blind spot monitor to help you be more aware of other traffic as you travel down highways. You can also use the warnings provided by the blind spot monitor when you want to make a lane change – but you should still always look over your shoulders before doing so.
Market By Type:Passenger,Commercial
Market By Product:RADAR Sensor,Ultrasonic Sensor
Market By Application: OEM,After Market
Market By Geography: North America,Europe,China,Southeast Asia,Japan,India
Key Players Some of the major players involved in BSM (blind spot monitoring) system market include Denso, Continental AG, Robert Bosch GmbH, TRW Automotive, Delphi, Autoliv Inc. and Aisin Seiki, among others.