Global Commercial Vehicle Blind Spot Detection System Market 2018-2022 - Key Players Continental, Delphi, Robert Bosch, Vale, and WABCO are Driving Away from the Competition - ResearchAndMarkets.com

DUBLIN--()--The "Global Commercial Vehicle Blind Spot Detection System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global commercial vehicle blind spot detection system market is forecast to grow at a CAGR of 12.34% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is increasing use of vision-based blind spot detection using optical flow techniques as the backend technology in BSD systems. Camera module-based BSD systems have been in the market for so long that the underlying technology used therein has become outdated. In recent years (since the late 2000s), vision-based BSD systems, which use optical flow techniques to detect objects on the road, have taken hold.

According to the report, one of the major drivers for this market is insurance companies supporting the demand for advanced safety systems. Automotive safety systems have proven to reduce major road fatalities globally. These have proven beneficial for auto insurance companies too. As a result of these advanced safety systems, auto insurance companies can expect a reduction of claims in the long run. Industry experts believe that using these technologies would reduce insurance claims by 40%.

Further, the report states that one of the major factors hindering the growth of this market is practice of using various mirror combinations as an alternative to BSD systems. Hard facts suggest that BSD systems may be a redundancy, which have been created out of sheer ignorance. While some cars, especially the larger SUVs and off-roading vehicles, have large-sized C pillars, rising beltlines, and squashed rear windows blocking the drivers' line of sights, blind spots on most average vehicles can be eliminated by proper adjustment of mirrors.

Key Vendors

  • Continental
  • Delphi
  • Robert Bosch
  • Vale
  • WABCO

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Introduction

5. Market Landscape

6. Market Sizing

7. Five Forces Analysis

8. Market Segmentation by Application

9. Customer Landscape

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/8zbd9g/global_commercial?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Commercial Vehicles, Automotive Safety

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Commercial Vehicles, Automotive Safety