Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Market Size With Growth Opportunities, Top Countries Data, Future Trends And Share With Revenue Forecast 2022 To 2031


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The Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market is estimated to grow on account of the growing demand for vehicles amongst consumers, as automobiles have become an essential part of the modern lifestyle. Moreover, increasing disposable income, and rising purchasing capacity of the middle-class population, is further estimated to surge the sales of automobiles. The International Energy Agency (IEA) recorded a sale of 87 million cars in 2019. Out of these, 24.5 million cars were sold in China, and over 7 million cars were sold collectively in India and Japan, making Asia Pacific the largest market for automobiles. On the other hand, 17.1 million cars were sold in the United States alone, owing to the higher individual disposable income and presence of various automobile manufacturers in the region.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Adaptive Cruise Control (ACC) and Blind Spot Detection (BSD) Market Products.

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Moreover, the advancement in technology, such as, advanced driver assistance systems (ADAS), infotainment systems, and increasing adoption of electric vehicles, is certain to assist the growth of the XYZ market. Along with this, the prompt implementation of these technologies in the upcoming vehicles, supported by various government initiatives and favorable policies, can guarantee the market development. The sale of plug-in hybrid electric vehicles (PHEV) reached 0.969 million, while the battery electric vehicles (BEV) sales touched 2.008 million in the year 2020, as per the data by the IEA. The total global stock of BEV amounted to 6.850 million units in the same year.

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.

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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.
Report ContentsRegional AnalysisReport Highlights
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

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