Global Automotive Blind Spot Detection System Market Report 2021:

DUBLIN, October 13, 2021–(BUSINESS WIRE)–The “Automotive Blind Spot Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global automotive blind spot detection system market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 11% during 2021-2026.

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The growing automotive industry across the globe represents one of the key factors creating a positive outlook for the market. Furthermore, the increasing utilization of innovative tools and systems to minimize the instances of vehicle collisions and accidents is providing a thrust to the market growth.

With the growing demand for luxury vehicles, automobile manufacturers are integrating various advanced safety features, such as pedestrian detection and BSD systems, for enhanced object detection and cross-traffic alerts. In line with this, widespread adoption of radar-based BSD systems in commercial vehicles for long, medium and short-range object detection is also favoring the market growth.

Additionally, various technological advancements, such as the development of smart mirrors and multicamera systems, are acting as other growth-inducing factors. These systems are usually combined with the existing infotainment screens and use ultrasonic waves that work in extreme weather conditions with high accuracy.

Other factors, including the implementation of stringent government policies to enhance road and passenger safety, along with rising expenditure capacities of individuals, are anticipated to drive the market further.

Key Questions Answered in This Report

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• How has the global automotive blind spot detection system market performed so far and how will it perform in the coming years?

• What has been the impact of COVID-19 on the global automotive blind spot detection system market?

• What are the key regional markets?

• What is the breakup of the market based on the vehicle type?

• What is the breakup of the market based on the technology?

• What is the breakup of the market based on the end user?

• What are the various stages in the value chain of the industry?

• What are the key driving factors and challenges in the industry?

• What is the structure of the global automotive blind spot detection system market and who are the key players?

• What is the degree of competition in the industry?

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being

• Autoliv Inc.

• Continental Aktiengesellschaft

• Delphi Technologies PLC

• DENSO Corporation

• Ficosa International S.A. (Panasonic Corporation)

• Magna International Inc.

• Mando Corporation

• Preco…