Adaptive Cruise Control Acc And Blind Spot Detection Bsd Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00126259
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.55 |
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Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Analysis Report 2023-2032
The Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market are poised to experience Compound Annual Growth Rates (CAGRs) of 7.92% and 9.14%, respectively, between 2022 and 2032. Over this period, the market sizes are expected to witness substantial increases, with ACC contributing USD 4,209.83 million and BSD contributing USD 2,546.72 million to the market. The growth of these markets is driven by several factors, including increasing demand for advanced driver assistance systems (ADAS), rising awareness of road safety, and regulatory mandates promoting the adoption of safety technologies.
Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Overview
Drivers
Adaptive Cruise Control (ACC)
One of the key drivers behind the expansion of the ACC market is the growing demand for enhanced driver comfort and convenience. ACC systems reduce the need for constant speed adjustments while driving, improving the overall driving experience. These systems also contribute to fuel efficiency by maintaining safe distances between vehicles, which is particularly appealing in an era of increasing fuel costs.
Another significant driver is the focus on road safety. ACC technology has the potential to reduce the number of rear-end collisions by automatically adjusting vehicle speed to maintain a safe following distance. As a result, governments and automakers are promoting ACC systems to enhance road safety.
Blind Spot Detection (BSD)
The BSD market is primarily driven by the critical need to reduce accidents caused by blind-spot-related issues. BSD systems use sensors and warnings to alert drivers about objects or vehicles in their blind spots, preventing accidents when changing lanes. As consumers become more safety-conscious, the demand for these systems is on the rise.
Additionally, regulatory bodies and safety organizations are actively encouraging the adoption of BSD technology to minimize blind-spot-related accidents. This support further fuels market growth.
Trends
Adaptive Cruise Control (ACC)
An important trend in the ACC market is the integration of advanced radar and sensor technologies. These innovations enhance the accuracy and reliability of ACC systems, allowing vehicles to adapt to a wider range of driving conditions. Moreover, AI and machine learning are being applied to ACC systems to improve decision-making in complex traffic situations.
Blind Spot Detection (BSD)
In the BSD market, a notable trend is the development of combined systems that include not only blind spot detection but also other ADAS features such as lane-keeping assist and rear-view cameras. This integration provides drivers with a comprehensive safety package and enhances their driving experience.
Restraints
Adaptive Cruise Control (ACC)
One of the challenges for ACC technology is the high cost of advanced radar and sensor components. While these components are essential for ACC systems to function effectively, their cost can make ACC-equipped vehicles more expensive, limiting adoption.
Moreover, there are challenges related to the adaptation of ACC systems to congested traffic environments. ACC may not be as effective in stop-and-go traffic conditions, which can deter some consumers from investing in this technology.
Blind Spot Detection (BSD)
The BSD market faces hurdles such as the complexity of sensor integration and calibration. To provide accurate information about blind spots, BSD systems require precise calibration and maintenance, which can be time-consuming and costly.
Another restraint is the risk of false positives or negatives in the detection process. If drivers receive false alerts too often, they might become desensitized to warnings, which can diminish the effectiveness of the system.
ACC and BSD Market Segmentation By Vehicle Type
The market is segmented based on vehicle types. Passenger cars, commercial vehicles, and electric vehicles are the key segments. Passenger cars are expected to be the dominant market segment for both ACC and BSD systems. The rise of electric vehicles also contributes to the demand for advanced safety features, including ACC and BSD.
ACC and BSD Market Segmentation By Sensor Type
Sensor type is another significant segmentation within the ACC and BSD markets. These markets use various sensors, such as radar, ultrasonic sensors, and cameras. Radar-based ACC systems are becoming increasingly popular due to their accuracy and performance in various weather conditions. For BSD, radar and camera sensors are commonly used to detect vehicles and obstacles in blind spots.
Regional Overview:
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Request pdf SampleNorth America and Europe are expected to be key drivers of the global ACC and BSD markets. These regions have a strong automotive industry and stringent safety regulations, which promote the adoption of ADAS technologies.
Additionally, the Asia-Pacific region, particularly China, is witnessing significant market growth. The rise in disposable income and the increasing awareness of road safety in this region are driving the demand for ACC and BSD systems.
ACC and BSD Market Customer Landscape
The ACC and BSD market report provides insights into customer adoption patterns, ranging from early adopters to laggards. It examines how different regions embrace ACC and BSD systems based on penetration levels. Additionally, it delves into key criteria influencing purchase decisions and factors affecting price sensitivity.
Major ACC and BSD Market Companies
Prominent players in the ACC and BSD markets are implementing diverse strategies to enhance their market presence. These strategies include continuous innovation, strategic partnerships, geographic expansion, and the development of customer-centric solutions.
Sample list of major companies in the market:
- ACC Market:
- Bosch
- Continental AG
- Delphi Technologies
- ZF Friedrichshafen AG
- Denso Corporation
- BSD Market:
- Aptiv
- Magna International
- Autoliv Inc.
- Hyundai Mobis
- Robert Bosch GmbH
Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players.
Segment Overview
The ACC and BSD market report provides revenue forecasts on a global, regional, and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.
ACC Market Segment Overview (USD Million, 2019 - 2032)
- Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
- Sensor Type
- Radar
- Ultrasonic Sensors
- Cameras
- Geography
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
BSD Market Segment Overview (USD Million, 2019 - 2032)
- Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
- Sensor Type
- Radar
- Cameras
- Geography
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) MARKET BY type landscape
SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Adaptive Cruise Control (ACC)
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Blind Spot Detection (BSD)
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) MARKET BY Sales channel INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 OEM
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Aftermarket
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) MARKET REGIONAL OUTLOOK
7.1. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027 (USD Million)
7.2.2. North America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 Continental AG
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Hella KGaA Hueck & Co
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Delphi Technologies PLC
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 DENSO Corp
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Mobileye
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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