Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Blind Spot Monitor Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Blind Spot Monitor Market Growth?
The market size of the global Blind Spot Monitor Market increased substantially in recent years. The growth trajectory forecasts an increase from $15.93 billion in 2024 to $17.47 billion in 2025, representing a compound annual growth rate (CAGR) of 9.6%.
What Is the Predicted Industry Size and CAGR of the Blind Spot Monitor Market in 2029?
The Blind Spot Monitor Global Market is projected to reach $25.37 billion in 2029, with a compound annual growth rate (CAGR) of 9.8%.
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Which Factors Are Driving Growth in the Blind Spot Monitor Market?
The key drivers in the blind spot monitor market are:
• Expansion of autonomous vehicles driving demand for blind spot monitors
• Stricter safety regulations pushing for the integration of these systems
• Growing consumer preference for connected vehicles supporting market growth
• Increased emphasis on road safety initiatives and advanced technology adoption such as AI and Machine learning.
Which Segment Trends Are Covered in the Blind Spot Monitor Market Forecast?
The blind spot monitor market covered in this report is segmented –
1) By Product Type: Blind Spot Detection System, Park Assist System, Backup Camera System, Surround View System
2) By Component Type: Ultrasonic, RADAR, Camera
3) By Vehicle Type: Heavy Commercial Vehicles, Passenger Cars, Light Commercial Vehicles
4) By Vehicle Propulsion: Internal Combustion Engine (ICE), Electric
5) By Sales Channel: Original Equipment Manufacturer (OEM), After market
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What Are the Current Market Trends in the Blind Spot Monitor Industry?
The key trends in the blind spot monitor market are:
• The blind spot monitor market is influenced by its integration with Advanced Driver-Assistance Systems (ADAS).
• The adoption of sensor technologies is an emerging trend in the industry.
• Autonomous vehicles are becoming a significant trend, impacting the blind spot monitor market.
• The advancement in automotive safety, artificial intelligence and machine learning integration are key trends shaping the future.
Who are the Key Companies in the Blind Spot Monitor Market?
Major players in the blind spot monitor market are:
• Robert Bosch GmbH
• Denso Corporation
• ZF Friedrichshafen AG
• Continental AG
• Hyundai Mobis
• Magna International Inc.
• Valeo SA
• Aptiv
• Infineon Technologies AG
• Autoliv
• HELLA GmbH & Co. KGaA
• Samsung Electro-Mechanics
• Garmin Ltd.
• Lexus
• HL Mando
• Pioneer Corporation
• Gentex Corporation
• Mobileye
• VBOX Automotive
• Xiamen Autostar Electronics Co. Ltd.
• SL Corporation
What are the Regional Trends Across the Blind Spot Monitor Market?
Europe was the largest region in the blind spot monitor market in 2024
