The value of the blind spot detection system market is projected to grow US$2.8 billion and adaptive cruise control system market to grow US$6.1 Billion by 2019 at a healthy CAGR of 22.8 per cent and 16.9 per cent respectively from 2014 to 2019, according to the latest report from 7527 Research and Markets.
The report, Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014-2019, says that automotive adaptive cruise control and blind spot detection system markets are established markets in Europe and North America. In Asia-Pacific and the ROW regions, the automotive BSD and ACC systems are growing at a significant growth rate, because of the increase in their purchasing power, high standard of living, GDP growth, and rising premium cars market. Germany, the UK, and the US are expected to be the largest market for automotive blind spot detection and adaptive cruise control system. Developing countries like China, Russia, Brazil, and Mexico are expected to have high growth rate in the demand for automotive BSD and ACC systems from 2014 to 2019.
Automotive safety systems have become advanced, sophisticated and efficient over a period of time. Today, automotive industry is more inclined towards the use of advanced technologies to reduce number of accidents and mitigate the impact of accidents on occupants. Automotive safety systems have played an important role in achieving these targets, where these systems have made vehicles safer for the occupants. The recent rise in the attitude of the governments and consumers towards safety attributes of vehicles is one of the major drivers for the automotive safety system market.
Automotive active safety systems have evolved from anti-lock braking systems and electronic stability control to driver monitoring and other efficient automotive active safety systems. These transitions took place due to several reasons; the increasing concern of consumers towards safety and their increasing willingness to pay for occupant safety, constantly updated rating system of organisations like NCAP and highly competitive market made companies to do extensive R&D work.
The global automotive adaptive cruise control and blind spot detection system market is dominated by a few top players such as Robert311 Bosch and 260 Continental of Germany, 7207 Delphi Automotive, UK and 4306 Denso Corporation, Japan.
The report, Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014-2019, says that automotive adaptive cruise control and blind spot detection system markets are established markets in Europe and North America. In Asia-Pacific and the ROW regions, the automotive BSD and ACC systems are growing at a significant growth rate, because of the increase in their purchasing power, high standard of living, GDP growth, and rising premium cars market. Germany, the UK, and the US are expected to be the largest market for automotive blind spot detection and adaptive cruise control system. Developing countries like China, Russia, Brazil, and Mexico are expected to have high growth rate in the demand for automotive BSD and ACC systems from 2014 to 2019.
Automotive safety systems have become advanced, sophisticated and efficient over a period of time. Today, automotive industry is more inclined towards the use of advanced technologies to reduce number of accidents and mitigate the impact of accidents on occupants. Automotive safety systems have played an important role in achieving these targets, where these systems have made vehicles safer for the occupants. The recent rise in the attitude of the governments and consumers towards safety attributes of vehicles is one of the major drivers for the automotive safety system market.
Automotive active safety systems have evolved from anti-lock braking systems and electronic stability control to driver monitoring and other efficient automotive active safety systems. These transitions took place due to several reasons; the increasing concern of consumers towards safety and their increasing willingness to pay for occupant safety, constantly updated rating system of organisations like NCAP and highly competitive market made companies to do extensive R&D work.
The global automotive adaptive cruise control and blind spot detection system market is dominated by a few top players such as Robert
