Increasing Safety Concerns Drives the Global Blind Spot Detection Systems Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Blind Spot Detection (BSD) Systems markets. The global market for Blind Spot Detection (BSD) Systems in Light Vehicles is projected to reach US$2.7 billion by 2018, driven by increasing safety concerns, and Government mandates. Rising incidents of blind spot incurred accidents through the years have substantiated the need for the adoption of BSDs in a larger range of vehicles.

Blind Spot Detection (BSD) Systems: A Global Strategic Business Report

Follow us on LinkedIn – Road safety concerns have increased manifold in the past two decades. With exploding population and ever increasing number of cars hitting the roads, road safety has become the cynosure of all eyes. What began as seemingly simple air bags and seat belts has now evolved into highly sophisticated technical safety systems. Systems such as night vision cameras, blind spot detection, driver alertness and intelligent lighting today have become a huge success among consumer groups. Blind spot detection is one such important component of road safety, occupying the central stage.

Demand for BSD systems has increased exponentially in the recent past, and is expected to continue maintaining the same momentum in the near future. One primary aspect involved in the wide acceptance of blind spot detection systems is considerable rise in the incidence rates of road accidents across the globe, which calls out for immediate adoption of precautionary measures to bring down the statistics. Increasing participation from Governments in the form of adoption of newer regulatory norms for curbing the frequency of blind spot induced accidents also indicates a progressive market for BSD systems in the near future. The new safety regulation issued by the US authority NHTSA, aims to equip all the vehicles with rear-mounted video cameras by 2014.

A large portion of the currently available standalone driver assistance systems will in the upcoming years be designed to integrate with other systems such as road infrastructure and other vehicles’ systems. The most commonly used driver assistance system is the Ultrasonic Park Assist (UPA) on account of its lower prices. The proliferation in navigation systems will boost the demand for camera-based parking assistance systems. In addition, enhanced functionalities such as “bird’s eye view” of the car in the parking lot and self-parking systems will also be incorporated in camera-based parking assistance systems. Adaptive Cruise Control (ACC) Systems will witness transition from the present highway-speed ACC to stop-and-go ACC and further to cooperative ACC by 2015. By year 2020, most of the ACC systems will incorporate platoon-driving characteristics wherein multiple vehicles can be moved in the form of a group while maintaining minimum distance among them. Lane Departure Warning (LDW) Systems are also expected to witness rising level of functional enhancements such as Lane Keeping Assist, Lane Changing Assist as well as Blind Spot Detection functions.

Primary centers of activity for the global BSD systems market include China, Western Europe and the US. These regions represent a very high percentage of consumers willing to shell out money for safety systems such as blind spot detection and night vision. Although blind spot detection systems for the time being are prevalent among luxury segments of four wheelers, technological advancement and rise in demand promises a price drop resulting in better affordability and safer driving experience for consumers.

Blind Spot Detection Systems market is presently prevalent mostly in luxury cars and developed markets. While Western Europe holds the maximum ultrasonic park assist systems, Japan witnessed largest penetration of camera-based parking assist systems. Introduced by Volvo in the year 2005, BSD systems since then have been tremendously successful in the consumer market. These systems enhance the visibility of a driver by eliminating blind spots around the vehicle, thereby avoiding potential mishaps from occurring. However, application of BSDs through the years has been limited to luxury car manufacturers such as BMW, Mercedes Benz, Cadillac, Mazda, Audi, and Volvo Cars. Lately, in the backdrop of rising safety concerns among customers along with availability of various add-on features such as blind spot detection, intelligent speed assist and lane departure warning, BSD systems have started finding applications in mainstream market as well.

Government mandates stand as one of the leading catalyst for the growing blind spot detection systems market. Keeping in view the exponential rise in road related fatalities, various Governments across the world are exhibiting greater participation in donning the responsibility of bringing down the number of casualties arising from blind spots accidents. This has had a positive effect on the blind spot detection market, as increasing number of vehicles now fall under the purview of Government mandate featuring blind spot detection systems as a compulsory add on. As stated by the new market research report on Blind Spot Detection (BSD) Systems, Europe represents the largest and fastest growing regional market worldwide. On the other hand, the US represents the single largest market for Blind Spot Detection (BSD) Systems.

Major players in the global marketplace include Aisin Seiki Co., Ltd., Autoliv, Inc., Continental AG, Delphi Automotive LLP, DENSO Corporation, Ficosa International, S.A., HELLA KGaA Hueck & Co., Motherson Sumi Systems Limited, Robert Bosch GmbH, TRW Automotive Holdings Corporation, Valeo SA, and Visteon Corporation.

The research report titled “Blind Spot Detection (BSD) Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and other strategic industry activities. The report provides market estimates and projections by Value (in US$ Million) for major geographic markets including US, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Blind_Spot_Detection_BSD_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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