The Blind Spot Solutions Market is projected to grow at a CAGR 11.97% rate during the forecast period. Factors such as increasing adoption rate of advanced technologies by OEMs, the introduction of stringent government programs pertaining to vehicle safety, growing consumer demand for active safety systems, rising adoption of smart mirrors in the automotive industry, and increasing demand for premium vehicles are expected to drive the market.
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Radar-based system segment system is projected to be the fastest growing market during the forecast period. Pulse-doppler radar is the most commonly used variant of radar sensors used in the present active safety systems and ADAS. It functions by sending short pulses of radio energy and concurrently listens for the echo from objects using the same antenna. There are three types of radars, namely, short range, mid-range, and long-range used in the automotive industry as per functional requirements.
The prominent players in the Global Blind Spot Solutions Market are Denso (Japan), Continental (Germany), Bosch (Germany), and Magna (Canada).
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