Market Trends of Adaptive Cruise Control (ACC) And Blind Spot Detection (BSD) Industry
This section covers the major market trends shaping the Adaptive Cruise Control & Blind Spot Detection Market according to our research experts:
Increasing Demand for Blind Spot Detection
The blind spot detection system makes use of electrical detecting units that are positioned on both sides of the vehicle. These devices send out either electromagnetic waves (usually in the radar wavelengths) or take images with a digital camera, and analyze them.
When the BSD detects any vehicle coming from the rear, and the driver attempts to steer toward the approaching vehicle, this system warns the driver about the impending impact by flashing a light in the driver's peripheral vision and/or by making audible sounds. In modern advanced systems, blind spot detections also have an assist feature that steers the car back into the safety zone.
Ford was the first company to introduce blind spot detection in its cars in 2005, under the name of blind spot information system (BLIS). The system uses cameras mounted near the car’s side rear view mirror, which process the images and warns the driver. Nowadays, these cameras have been replaced with radars sensors mounted on the car’s bumpers. Audi’s Side Assist and Infiniti’s Blind Spot Warning (BSW) are some alternate products in the market.
- Infiniti’s Blind Spot Intervention, a system capable of detecting any vehicle in the blind spot and intervening by not letting the driver change the lane until the danger has passed, is considered a major breakthrough in BSD technology.
Aside from passenger automobiles, commercial vehicles, particularly large trucks, are seeing an increase in demand for sophisticated driver assistance systems and collision avoidance systems. Commercial vehicles are longer and broader than passenger vehicles, resulting in substantially greater blind areas. Thus, to enhance safety and eliminate blind spots, companies, in consultation with commercial vehicles manufacturers, are developing blind spot detection systems that are suitable for these vehicles.
More than 90% of the market studied is captured by OEMs, with a limited and unorganized aftermarket for the blind spot detection system. The rising vehicle safety concerns and a growing number of blind spot related accidents are some of the factors driving the market for BSD systems.
Asia-Pacific and North America Driving the Market
The Asia-Pacific region is predicted to significantly contribute to the growth of both the BSD and ACC industries. Factors like as rising vehicle sales, particularly of luxury cars, and an increase in safety installations per vehicle all contribute to rising demand for BSD and ACC systems. The United States New Car Assessment Program (US NCAP), a flagship program of the country's National High Traffic Safety Administration (NHTSA), focused on the incorporation of these safety systems, which may reduce the safety-related concerns of buyers. In addition, improvements in the rating system are expected to bring a positive change in the safety features of the vehicles.
The presence of fast-developing countries, like Japan and South Korea, and the safety regulations imposed on vehicles in the region have influenced the market for driving assistance systems significantly. These regulations are as stringent as that of Europe and North America. The improvement in socio-economic conditions in India, Thailand, and Indonesia has created a demand for the premium passenger cars segment, thereby increasing the demand for ADAS in these countries.
The rising awareness for driver safety systems is enhancing the market for ADAS-equipped vehicles in this region. The government regulations are compelling the car manufacturers to design their vehicles with advanced ADAS modules. Moreover, the evolution of autonomous cars in this region is creating the opportunity for tier-1 manufacturers to design and deliver ADAS with the latest technologies and user-friendly systems.
