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(I-AutoNewsWire.com, February 27, 2019 ) As per the latest market intelligence report published by Stratview Research, the Automotive Blind Spot Detection System Market is anticipated to reach at US$ 3.0 billion by 2022.
The research studies Automotive Blind Spot Detection System Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under four segments by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Technology Type (Radar, Ultrasonic, LIDAR and Other Sensors), by End-User Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
The study finds – Europe and North America are the biggest markets of automotive blind spot detection system as both are the homes of major blind spot detection system manufacturers and manufacturing capitals of luxury cars. OEM is expected to remain act as a growth engine of the global automotive blind spot detection market, driven by high demand for BSD systems in the luxury vehicles. The radar sensor is expected to remain the perennial choice of the sensor in the global automotive blind spot detection system during the forecast period and is also projected to witness the fastest growth in the same period. The passenger car segment is expected to remain the largest blind spot detection market.
Click here to read the detailed description: https://www.stratviewresearch.com/135/automotive-blind-spot-detection-system-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/135/automotive-blind-spot-detection-system-market.html
Automotive Blind Spot Detection System Market: Highlights Global blind spot detection system market is projected to witness an impressive double digit CAGR of 12.4% over the next five years and reach US$ 3.0 billion in 2022. Increased demand for safety solutions, the introduction of more stringent government programs, advancement in technology, and increasing production of luxury vehicles are the key factors that are directly contributing to the increasing demand for blind spot detection system in the automotive industry.
Global automotive blind spot detection system is segmented based on vehicle type: passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. The passenger car segment is expected to remain the largest blind spot detection market over the next five years. The vehicle type is also projected to witness the fastest growth in the same period.
About Stratview Research Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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