Description
Adaptive Cruise Control (ACC) is used to maintain and control the speeds of connected vehicles automatically according to the traffic and weather conditions. Hence, the ACC systems have a great impact on the safety of the driver. The Blind Spot Detection (BSD) system is generally used in large vehicles on the side view mirror to recognize the vehicles travelling behind the driver’s vehicle. It alerts the driver about the vehicle’s presence behind him by flashing an indicator or playing an audio signal. With the increase in accidents, the demand for vehicles with such advanced systems is increasing. This increase in demand is one of the major reasons for the growth of this market. The growth of the automobiles market is also triggering the growth of ACC and BSD market.
End-user/Technology
The end-users are the automotive vehicle end-users i.e. OEM and aftermarket.
The ACC systems make use of various sensors and lasers for their operation, that is, to control the speed of vehicles. Radar headway sensor, longitudinal controller and digital signal processor are used to achieve the overall process of increasing or decreasing the speed of the vehicle by detecting the motion of other vehicles and the traffic conditions. The BSD systems make use of cameras and sensors to generate information about the vehicles or objects i.e. the blind spots which are out of reach of the driver’s vision.
Market Dynamics
The ACC and BSD market is growing significantly owing to the better economic conditions worldwide. The automobile industry is adopting the use of safety systems owing to the increasing number of accidents and hence the increasing demand of safety systems by consumers. There is high competition in this market are there are many key-players in the automobile industry. Continuous innovation is leading to upgradation of models by the manufacturers. These upgraded models can be used for various purposes.The government regulations and support for fuel-efficient and safe automobiles is also an important factor leading to the growth of this market.
The industry is facing some setbacks in the regions where the weather conditions are adverse, like the regions with heavy rainfall or snowfall. In such regions, the ACC and BSD systems fail to track and monitor the surrounding objects efficiently.
Market Segmentation
The Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market is segmented on the basis of sensor type, vehicle type, end consumers and geography.
By sensor type, the market is segmented into Infrared Sensors, Radar Sensors, Laser Sensors and others. By vehicle type, the market is segmented into Passenger vehicles, LCVs, HCVs and others. By end consumers, the market is segmented into OEMs and Aftermarket. Whereas by geography, it is segmented into North America, Europe, APAC, MEA and Latin America.
Regional/Geographic Analysis
The ACC and BSD markets are growing significantly in the APAC region owing to the increase in the standard of living of the people, and high purchasing power due to better economic conditions. The increasing demand for premium automobiles is also contributing to the growth of this market. Europe and North America have established markets for ACC and BSD. The U.S., U.K. and Germany are expected to be the largest markets for this.
Opportunities
The market throws up several opportunities owing to the involvement of key manufacturers in continuous Research and Development, which is leading to innovation. High investments are being made for RnD. Sensors are integrated to provide better end-products, i.e. automobiles with safety systems.
Key Players
Some of the major players in the market includeValeo SA, Continental AG, Delphi Automotive PLC, Denso Corporation, Robert Bosch, TRW Automotive, Autoliv, Hella, Aisin, Magna International Inc., and Mando Corporation.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
