|By PR Newswire||
|January 13, 2016 03:35 PM EST||
PUNE, India, Jan. 13, 2016 /PRNewswire-iReach/ -- Analysts expect the demand for automotive blind spot detection market to grow considerably during the forecast period. The global automotive blind spot detection market is driven by an increasing emphasis on safety solutions with automakers stressing on differentiating themselves in the auto market. Enactment of stern regulations by government and transport authorities, owing to an increase in accidents caused by the abrupt shifting of lanes without noticing and analyzing the rear-view and blind spot, and necessitates its adoption.
Complete report on automotive blind spot detection market spread across 65 pages, analyzing 5 major companies and providing 35 data exhibits is now available athttp://www.reportsnreports.com/reports/451929-global-automotive-blind-spot-detection-market-2015-2019.html.
Automotive blind spot detection systems were initially only available in premium cars. However, consumers now have the option of installing automotive blind spot detection systems that are available in the aftermarket. For example, Gosher's automotive blind spot detection system consists of two rear sensors that are mounted on each side of the rear bumper. Warning lights are installed in the interior and the system also uses an audible alarm to warn of approaching vehicles or obstructions.
According to the automotive blind spot detection market report, the quest for automobile safety is considered one of the key drivers in the development of advanced automobile safety systems. Advanced safety and security features are no longer limited to premium vehicles. Consumers are now more aware of safety systems and technologies and are taking an interest in improving the safety systems for their vehicles. As a result, electronic equipment such as cameras and sensors are now being installed, even in entry-level vehicles
Segmentation of Global Automotive Blind Spot Detection Market– Aftermarket and OEM
In terms of revenue, OEMs accounted for close to 92% of the global revenue generated from the sale of BSD system in 2014. Owing to the increasing safety concerns among the consumers, the demand for BSD systems is expected to increase further in the coming years.Order a copy of Global Automotive Blind Spot Detection Market 2015-2019 report @ http://www.reportsnreports.com/Purchase.aspx?name=451929
Geographical Segmentation of the Global Automotive Blind Spot Detection Market
Global automotive BSD market is geographically well diversified across the Americas, EMEA, and APAC. The Americas accounted for a more than 45% share of the market in 2014.
Key players in automotive blind spot detection market are: Auto-I, Continental, Valeo, Xiamen Autostar Electronics and ZF TRW
Other prominent vendors in the market are: Delphi Automotive, Bosch, Ford Motor, Preco, Delphi, DENSO, Autoliv, and Ficosa.
Further, the automotive blind spot detection market report states that the rising number of side-impact accidents globally, the global automotive BSD market is facing a challenge to be effective.
Another related report is Global Collision Avoidance System Market 2015-2019.The analysts forecast global collision avoidance system market to grow at a CAGR of 22.02% over the period 2014-2019. The quest for automobile safety is considered one of the key drivers in the development of advanced automobile safety systems. Advanced safety and security features are no longer limited to premium vehicles. Consumers are now more aware about safety systems and technologies and are taking an interest in improving the safety systems for their vehicles. As a result, electronic equipment such as cameras and sensors are now being installed, even in entry-level vehicles.
Key players in the global collision avoidance system market: Continental, Delphi Automotive, Robert Bosch and TRW Automotive
Other Prominent Vendors in the market are: AWTI, Ford Motor, GENTEX, Preco Electronics, Renault, Safe Drive Systems, Subaru of America, and Toyota. Browse complete report at http://www.reportsnreports.com/reports/427630-global-collision-avoidance-system-market-2015-2019.html
Explore other new reports on Automotive Market @ http://www.reportsnreports.com/market-research/automotive/.
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