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

  • Research predicts growth of ANPR market
    October 26, 2012
    In its latest ANPR and Detection Sensor research, US analyst IHS provides a review of the various trends, economic, legislative, and technological, that shape the ANPR industry and concludes that difficult economic times have caused ANPR suppliers to switch their focus, placing greater emphasis on applications that generate a return on investment (ROI). The report forecasts the global market for Automatic Number Plate Recognition (ANPR) to reach US$350.4 million by the end of 2012, growth of 6.9 percent fr
    Read More
  • Jenoptik expands Asia-Pacific business
    January 31, 2013
    German optoelectronics group Jenoptik is expanding its business in the Asia-Pacific region with the acquisition of 100 per cent of Australian company DCD Systems, a provider of traffic safety technology based in Sydney and Melbourne. DCD was previously the sales and service partner for the Jenoptik Traffic Solutions division in Australia; Jenoptik has maintained a close working relationship with the company for more than 10 years. Within the framework of the acquisition DCD Systems will be integrated into t
    Read More
  • Shift from vehicle ownership to user-ship fuels growth in vehicle leasing
    March 3, 2017
    A dynamic shift from vehicle ownership to user-ship has set the stage for double-digit, year-on-year growth in the European private vehicle leasing market, according to Frost and Sullivan researchers. Growth is augmented by customer demand for hassle-free, flexible mobility solutions. Original equipment manufacturers (OEM), leasing companies, brokers, and financial firms must focus on sustainable solutions that offer customer value while driving profits and market penetration. “Product innovation and ad
    Read More
  • UN vehicle regulations ‘could prevent deaths and injuries in Brazil’
    November 17, 2015
    A new research report from the UK’s Transport Research Laboratory (TRL) has revealed that 34,000 Brazilian lives could be saved and 350,000 serious injuries prevented by 2030, if UN vehicle safety regulations were adopted and car manufacturers sought to achieve higher ratings in the Latin NCAP crash test programme. Published on the eve of the second High Level Conference on Road Safety in Brazil, the independent study, which was commissioned by Global NCAP, highlights the gap between the regulated vehicl
    Read More

Highlighted Content