Transparency
Market Research Added A New Report "Blind
Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System
Market". Blind Spot Detection (BSD) system is a sensor
based detection system implemented in automobiles that is used for
monitoring vehicles at the rear and side of the driver/vehicle. Such
systems generate tactile, audible, vibrating or visual form of
warnings. They also assist the driver at the parking lots when there
are other vehicles approaching from the sides. Blind spots are caused
due to various objects such as passengers, headrests and window
pillars. Mirrors are generally used to remove the blind spots but the
disadvantage being that they leave huge dead on all the sides of the
vehicle. BSD systems, with the help of cameras and sensor systems
generate information about various objects that are outside the range
of driver’s vision.
Adaptive Cruise
Control (ACC) system is a sensor based cruise control system that
automatically adjusts the speed of the vehicle in maintaining safe
distances from the vehicles ahead. Such a system is integrated with
pre-crash systems and automatically applies brakes after generating
alerts. BSD and ACC systems have become efficient, sophisticated and
advanced over a period of time and play an important role in reducing
the number of accidents.
The rising number of
accidents due to increase in traffic flow is one of the prime reason
that is contributing to the growth of BSD and ACC system market. The
implementation of such safety systems by the automobile industry has
rapidly increased. Since BSD and ACC systems ensure safety of the
passengers, customers are frequently looking for such advanced safety
features and are also willing to pay. Another factor that is
contributing to the growth of this market is the stiff competition
among the automobile manufacturers. The manufacturers are
continuously upgrading their models so as to cater to the huge demand
of innovative safety features that can be used for various
applications. Organizations such as New Car Assessment Program
(NCAP), are investing in research and development to design
automobiles possessing various safety features. The increasing use of
sensors due to the advancements in technology is another factor that
is contributing to the growth of this market. Sensors are integrated
with BSD and ACC systems to increase the performance of engines by
reducing carbon emissions. Government initiatives for fuel
efficiencies and safety attributes of the vehicle are encouraging
manufacturers to implement such integrated systems that can ensure
safety as well as comply with such regulations.
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However, BSD and ACC
systems are not efficient in regions with adverse weather conditions.
Regions with continuous snowfall and rainfall make such safety
systems inefficient in tracking and monitoring the surrounding
objects. This makes the owners of such regions reluctant in
implementing these systems. Another challenge to the growth of this
market is the standardization of such systems. Since every
manufacturer competes for offering unique safety features, each
manufacturer integrates high-tech sensors having different
applications. Such integrations make car owners difficult and
confusing to understand the exact operating procedures for different
car models. Hence, due to the technicality involved, the car owners
are reluctant to install innovative safety systems.
To overcome such
technical barriers to the market growth, the vendors are taking
initiatives that can address to such flaws. For instance, Autoliv
Inc, One of the key players in this market, in August, 2014,
announced a new operating structure that shall discuss their safety
products and the methods of usage. The key players in the market
include Denso Corporation, Delphi Automotive PLC, Magna International
Inc., Mando Corporation, Valeo SA and TRW Automotive.
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