Automotive Blind Spot Detection System Market worth $2.8 Billion and Automotive Adaptive Cruise Control System Market worth $6.1 Billion by 2019, According to a New Study on ASDReports

Wednesday 8 October 2014, Amsterdam

The report, now available on ASDReports, “Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014 - 2019” classifies and defines the automotive BSD and ACC system market in terms of volume and value. The 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 w.r.t. automotive active safety systems market.


Asia-Pacific: Growing market for Blind Spot Detection (BSD) and Adaptive Cruise Control (ACC) Systems

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 Bosch (Germany), Continental AG (Germany), Delphi Automotive (U.K.), Denso Corporation (Japan) are the dominant players in this region that are anticipated to drive the demand for the BSD and ACC systems.


Europe: Growing market for automotive Blind Spot Detection (BSD) and Adaptive Cruise Control (ACC) Systems

In 2009, Europe experienced an economic downturn that affected many industries within the region and is currently in its recovery phase. As such, the automotive BSD and ACC system 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 (Germany), and Continental AG (Germany)


The Americas: Automotive Blind Spot Detection (BSD) and Adaptive Cruise Control (ACC) Systemsshows healthy growth rate

The Americas region comprises the U.S., Mexico, Brazil, Canada, and others. 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 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 U.S. 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 (Germany), Continental AG (Germany), Delphi Automotive (U.K.), Denso Corporation (Japan) have a major presence in the Americas region.

The report covers the market of automotive BSD and ACC systems in terms of volume and value. The market size, from 2011 to 2019 with regards to volume, is provided in terms of thousand units, whereas the value is provided in terms of USD million. The BSD and ACC systems market is broadly classified by geography (Asia-Pacific, Europe, North America and ROW), focusing on key countries in each region.

The report classifies and defines the automotive BSD and ACC systems market in terms of volume and value and provides qualitative and quantitative insights on the automotive BSD and ACC systems. It also gives a comprehensive review of the market drivers, restraints, opportunities, challenges and key issues in the automotive BSD and ACC systems market. The key players in this market have also been identified and profiled.