The Blind Spot Detection system market in terms of value is projected to grow $2.8 Billion and Adaptive Cruise Control system market to grow $6.1 Billion by 2019 at a healthy CAGR of 22.8% and 16.9% respectively from 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 09/15/2014 -- The report “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.
Browse 86 market tables and 138 figures spread through 240 Pages and in-depth TOC on "Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars - Trends and Forecasts 2014 - 2019"
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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.
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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.
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