Following companies
as the key players in the global commercial vehicle blind spot detection system
market: Continental, Delphi, Robert Bosch, Valeo, WABCO
The latest trend gaining momentum in the market is
Increasing use of vision-based blind spot detection using optical flow
techniques as the backend technology in BSD systems. Camera module-based BSD
systems have been in the market for so long that the underlying technology used
therein has become outdated. In recent years (since the late 2000s),
vision-based BSD systems, which use optical flow techniques to detect objects
on the road, have taken hold.”
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According to the report, one of the major drivers for this
market is Insurance companies supporting the demand for advanced safety
systems. Automotive safety systems have proven to reduce major road fatalities
globally. These have proven beneficial for auto insurance companies too. As a
result of these advanced safety systems, auto insurance companies can expect a
reduction of claims in the long run. Industry experts believe that using these
technologies would reduce insurance claims by 40%.
Further, the report states that one of the major factors
hindering the growth of this market is Practice of using various mirror
combinations as an alternative to BSD systems. Hard facts suggest that BSD
systems may be a redundancy, which have been created out of sheer ignorance.
While some cars, especially the larger SUVs and off-roading vehicles, have
large-sized C pillars, rising beltlines, and squashed rear windows blocking the
drivers' line of sights, blind spots on most average vehicles can be eliminated
by proper adjustment of mirrors.
The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
The market is
expected to grow at a CAGR of 13.45%
About Commercial
Vehicle Blind Spot Detection System
Commercial Vehicle Blind Spot Detection System is a
vehicle-based sensor device, which helps in locating vehicles in drivers side
and rear side. It helps in warning driver through the audible, visual,
vibrating, or tactical source of warning.
Analysts forecast the
global commercial vehicle blind spot detection system market to grow at a CAGR
of 12.34% during the period 2018-2022.
Covered in this
report
The report covers the present scenario and the growth
prospects of the global commercial vehicle blind spot detection system market
for 2018-2022. To calculate the market size, the report considers the revenue
generated from the commercial vehicle blind spot detection system.
Complete Report with
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The market is divided
into the following segments based on geography:
·
• Americas
·
• APAC
·
• EMEA
Global Commercial Vehicle Blind Spot Detection System Market
2018-2022, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
Key vendors
·
•
Continental
·
• Delphi
·
• Robert
Bosch
·
• Vale
·
• WABCO
Market driver
·
• Insurance
companies supporting the demand for advanced safety systems
·
• For a
full, detailed list, view our report
Market challenge
·
• Practice
of using various mirror combinations as an alternative to BSD systems
·
• For a
full, detailed list, view our report
Market trend
·
Increasing use of vision-based blind spot
detection using optical flow techniques as the backend technology in BSD
systems
·
For a full, detailed list, view our report
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