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Blind Spot Monitor Market Share

Report ID: GMI9880
Published Date: Jun 2024
Report Format: PDF

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Blind Spot Monitor Market Share

Magna International Inc., Continental AG, and Hella KGaA Hueck & Co. hold a significant market share of 25%. Magna International Inc. stands out with its robust portfolio of sensor technologies and integration solutions for blind spot monitoring systems. Hella KGaA Hueck & Co. excels in radar and camera-based sensor innovations, offering high-performance detection capabilities. Continental AG is a leader in providing comprehensive ADAS solutions, including advanced radar systems tailored for precise blind spot detection, ensuring competitiveness through technological advancement and global reach.

These companies leverage extensive R&D investments to continually enhance sensor accuracy and integration capabilities, meeting stringent safety standards globally. The competition intensifies among these industry leaders to innovate and deliver reliable, cost-effective solutions as the demand for advanced driver assistance systems grows. Their strategic collaborations with automakers further solidify their positions in the market, driving the evolution of blind spot monitoring technologies and setting benchmarks for safety and performance in the automotive sector.

Blind Spot Monitor Market Companies

Major players operating in the blind spot monitor industry are:

Bosch
Continental AG
Valeo
Denso Corporation
ZF Friedrichshafen AG
Magna International Inc.
Hella KGaA Hueck & Co.
Delphi Technologies PLC
Mobileye

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of blind spot monitor reached USD 3.3 billion in 2023 and is set to witness 17% CAGR from 2024-2032, owing to the advancements in sensor technology, and integration into both passenger & commercial vehicles worldwide.

Blind spot monitor industry from the passenger cars and commercial vehicles segment held 68% share in 2023, due to growing consumer demand for enhanced safety and convenience in everyday driving.

Europe market accounted for 33% share in 2023, attributed to the stringent safety regulations and a strong consumer focus on vehicle safety features in the region.

Bosch, Continental AG, Valeo, Denso Corporation, ZF Friedrichshafen AG, Magna International Inc., Hella KGaA Hueck & Co., Delphi Technologies PLC, and Mobileye, are some of the major blind spot monitor companies worldwide.