Global Blind Spot Monitor Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global blind spot monitor market is anticipated to grow at a significant CAGR 5% during the forecast period (2022-2028). The increasing acceptance of advanced OEM technology, the introduction of robust government vehicle safety programs, the growing consumer demand for effective safety systems, and the increasing adoption of smart mirrors in the automotive industry are the key factors driving the global blind spot monitor..

According to the WHO, an estimated 1.25 million mortalities occurs due to road accidents every year to prevent the increase in road accidents governments have put strict rules on car manufacturers to equip high-quality safety features that help save the lives of motorists. Key manufacturers have invested heavily in R&D to reduce the impact on visually impaired people. Reducing the size of the A-pillar and increasing the size of the side view mirror helps to increase the visibility of the car’s surface. Various transport agencies and unions have introduced safety regulations for the installation of these systems in commercial vehicles as heavy trucks and trailers have poor visibility.

In addition, Pulse-doppler radar is the most commonly used variant of radar sensors used in existing operating systems and ADAS. It works by sending short pulses of radio power and at the same time listening to an echo from objects using the same rod. There are three types of radars, namely short, medium, and long-distance used in the automotive industry according to operational requirements. As the name suggests, short-range radar can be used to detect nearby objects in systems such as park assist. The mid-range radar can be used in a blind spot detection system to detect an object in a vehicle’s blind spot. Typically, more than one radar is installed in the vehicle to overcome its narrow viewing area and minimize angular adjustment. Many sensory manufacturers are focusing their efforts on lowering the cost of the radar to save costs by installing four radars in the car to provide universal coverage. The factors will enhance the market growth of blind-spot monitoring.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Technology
  • By Product Type
  • By Vehicle Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Bosch, Continental AG, Magna, Robert Bosch GmbH, and Denso, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Blind Spot Monitor Market Report by Segment

By Technology

• Camera-Based System
• Radar-Based System
• Ultrasonic-Based System

By Product Type

• Blind Spot Detection System
• Park Assist System
• Backup Camera System
• Surround View System

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Truck
• Bus