Blind spot detection and adaptive cruise control systems markets forecast to 2019

The MarketsandMarkets report, Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014 - 2019, indicates that the BSD market will be worth US$2.8 billion and the ADCC market worth US$6.1 million by 2019. The report classifies and defines the automotive BSD and ACC systems market in terms of volume and value. It report highlights potential growth opportunities in the coming years as well as covers review of the market dr
August 15, 2014 Read time: 3 mins

The 6418 MarketsandMarkets report, Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014 - 2019, indicates that the BSD market will be worth US$2.8 billion and the ADCC market worth US$6.1 million by 2019.

The report classifies and defines the automotive BSD and ACC systems market in terms of volume and value. It report highlights potential growth opportunities in the coming years as well as covers review of the market drivers, restrains, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects of the automotive active safety systems market.

The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as rising market penetration of premium cars, increasing vehicle sales and safety installations per vehicles are accelerating the demand of BSD and ACC systems. Suppliers such as Robert 311 Bosch, Germany, 260 Continental, Germany, 7207 Delphi Automotive, UK and 4306 Denso Corporation of Japan are the dominant players in this region that are anticipated to drive the demand for the BSD and ACC systems.

In 2009, Europe experienced an economic downturn that affected many industries within the region and is currently in its recovery phase. However, the BSD and ACC systems market is projected to show a stable growth rate for the period under study. Europe is the major market for automotive BSD and ACC Systems and home to a number of automotive safety system suppliers such as Robert Bosch and Continental.

The Americas region, comprising the US, Mexico, Brazil, Canada, and others shows healthy growth rate. Mexico and Brazil are the emerging economies in this segment.

The United States New Car Assessment Program (US NCAP) is a flagship consumer information program of the U.S. Department of Transportation's 834 National Highway Traffic Safety Administration (NHTSA). In the coming years, US NCAP will adjust its rating system to reflect the improvements in the safety features of US vehicles. This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the BSD and ACC systems market. Automotive safety systems suppliers such as Robert Bosch, Continental, Delphi Automotive and Denso Corporation have a major presence in the Americas region.

Location Based Systems

Related Content

  • New IBM study details the future of automotive industry
    January 19, 2015
    IBM has revealed results of its new Automotive 2025 Global Study, outlining an industry ripe for disruptive changes that are breaking down borders of the automotive network. The study forecasts that while the automotive industry will offer a greater personalised driving experience by 2025, fully autonomous vehicles or fully automated driving will not be as commonplace as some think. The report also indicates that consumers not only want to drive cars; they want the opportunity to innovate and co-create t
    Read More
  • Profitable niches in the electric vehicles market
    December 18, 2015
    Vehicles are electrifying at a breakneck speed and they are being completely reinvented with developments in many components and systems, according to a report by IDTechEx Research. Disruptive change and significant technological innovation is now being seen across all forms of electric vehicles for land, water and air. The fruits of all this are spectacular – from the vehicles themselves to over US$500 billion market opportunity that will be created by 2026. IDTechEx Research analyses and forecasts eve
    Read More
  • NXP maintains pole position within the ticketing market
    August 14, 2012
    Despite competition clearly increasing within the contactless ticketing market, NXP maintains a dominant foothold, through its line of MiFare solutions, according to ABI Research which says the company achieved a combined market share in excess of 70 per cent for 2011 smart card and RFID ticketing IC shipments. The OSPT continues its quest in penetrating the market with CiPurse product and has certainly had a successful 2012, completing pilots and trials worldwide, leading to two on-going commercial deploym
    Read More
  • Strong 2013 results for u-blox
    March 21, 2014
    Wireless communications provider u-blox has announced strong top and bottom line growth in its financial report for 2013. Consolidated revenue US$249 million, a growth of 27.0 per cent compared to 2012; gross profit improved from US$92 million to US$1.2 million, with a continued good profit margin of 36 per cent; operating profit (EBIT) increased from US$25.99 million to US$34.1 million, a growth of 30.9 per cent compared to 2012; net profit increased by 44.3 per cent from US$19.3 million to US$27.8 mill
    Read More

Highlighted Content