Dallas, Texas (PRWEB) July 12, 2014
Smart sensors can quickly sense an approaching crash, its nature, the vehicle position, and also decide which airbag to deploy at the time of a crash, which helps in controlling the extent of any damage. Therefore, in many cars, traditional sensors are being replaced by smart sensors. It is expected that smart sensors will contribute to the incorporation of improved functionalities in blind spot detection systems, which will lead to the growth of the Global Automotive Blind Spot Detection market.
Analysts forecast the Global Automotive Blind Spot Detection market will grow at a CAGR of 19.77 percent over the period 2014-2018. According to the report, the increased adoption of automotive safety systems is one of the main factors driving the market globally. Vehicle occupants are becoming increasingly aware of the different kinds of ADAS available in the market.
This report covers the present scenario and the growth prospects of the Global Automotive Blind Spot Detection market for the period 2014-2018. To calculate the market size, the report covers revenue generated from the sales of OEM and aftermarket blind spot sensors. It also presents the vendor landscape and a corresponding detailed analysis of the leading five vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Automotive Blind Spot Detection market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
The report recognizes the following companies as the key players in Global Automotive Blind Spot Detection Market: Autoliv Inc., Continental AG, Delphi Automotive LLP, DENSO Corporation, Robert Bosch GmbH, Ficosa International, S.A., HELLA KGaA Hueck & Co., TRW Automotive Holdings Corporation, Valeo SA.
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Smart sensors are extensively used in airbag safety systems in automobiles, especially in passenger cars. Conventional airbags are not very effective in sensing collisions, whereas smart sensors can quickly sense an impending crash, its nature, the vehicle's position, and also determine the type of airbag to be used and the speed of its deployment. This helps in minimizing injuries sustained by the passengers. Therefore, in many cars, conventional sensors are being replaced by smart sensors, leading to a growth in the demand for smart sensors and to the growth of the Global In-vehicle Sensors market. For instance, the Global Smart Sensors market was valued at US$4.37 billion in 2013 and is expected to reach US$7.88 billion by 2018, growing at a CAGR of 12.9 percent.
Analysts forecast the Global In-vehicle Sensors market will grow at a CAGR of 9.14 percent over the period 2014-2018. According to the report, Government regulations on fuel economy and gas emission standards are one of the major drivers of the Global In-vehicle Sensors market. With developed and developing markets adopting these standards, vendors are installing sensors to track various aspects of the automobile to ensure fuel efficiency and reduce harmful emissions.
The report segments Global In-vehicle Sensors market into three divisions: Vehicle Management, Safety and Control, and Alternate Fuel Engine Management.
The recognizes the following companies as the key players in Global In-vehicle Sensors Market: Continental AG, Delphi Automotive PLC, Denso Corp., Robert Bosch Gmb, Allegro MicroSystems Inc., Analog Devices Inc., Autoliv Inc., CTS Corp., Freescale Semiconductor Inc., Infineon Technologies AG, Melexis Microelectronic Systems, NXP Semiconductors N.V., Sensata Technologies Inc., TRW Automotive Holdings Corp.
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Manufacturers have continually evolved the original electrochromic technology that was introduced in the 1980s. Today's automotive auto dimming mirrors come equipped with a host of other features, including temperature readings, travel calculations, or weather conditions. For example, Nissan's smart rearview mirror was debuted in the US earlier this year. It claims to be the world's first LCD monitor that promises improved rearward visibility. This smart rearview mirror allows the driver to switch between the LCD monitor and the conventional rearview mirror.
According to the report, the increased adoption of automotive safety systems is one of the main factors driving the Global Automotive Auto Dimming Mirrors market. Consumer awareness of the benefits provided by different kinds of advanced dimming mirrors has risen considerably over the past few years.
The report recognizes the following companies as the key players in Global Automotive Auto Dimming Mirrors Market: Gentex Corp., Magna International, Inc., Murakami Corp., Samvardhana Motherson Group , FLABEG Holding GmbH, Honda Lock Manufacturing Co. Ltd., Metagal Industria e Comercio Ltda., Tokai Rika Co., Ltd.
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