Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Blind Spot Monitor Market size is set to expand from USD 22.05 billion in 2024 to USD 158.78 billion by 2037, registering a CAGR of more than 16.4% during the forecast timeline, from 2025 through 2037. Currently in 2025, the industry revenue of blind spot monitor is evaluated at USD 24.58 billion.
The growth of the market can be attributed to the increasing number of people getting involved in vehicle crashes. Many automobiles on the road today include driver assistance technology that help to save lives and prevent injuries on our country's roadways. While some driver assistance technologies are intended to notify the person are in danger of a collision. According to the statistics of the United States Department of Transportation, in 2020, 38,824 people die in a motor vehicle crashes in the United States.
In addition to these, factors that are believed to fuel the growth of blind spot monitor market include the growing integration of innovative technologies in the vehicle followed by growing demand for smart assisting features in the car. By 2030, it is projected that globally around 9 out of 10 cars are going to have advanced safety systems. Vehicle partial automation is expected to expand in the future years as advanced driver assistance systems (ADAS) become more popular. Any ADAS must include advanced emergency braking (AEB) and lane-keeping assistance (LKA). Adoption of these features is rapidly increasing, owing primarily to consumer demand for safer vehicles. Other than this, even manufactures are happy to provide the advanced safety features as it directly increases the average selling price of the vehicles.
Blind Spot Monitor Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Safety System in Cars – The blind spot detection (BSD) system can monitor the area, relieving the driver of much of the burden and avoiding potentially dangerous circumstances. In a survey of just over 1,000 adults conducted in America in January 2021, around 80% respondent wanted current vehicle safety systems, such as automatic emergency braking and lane keeping assistance, to work better. Moreover, nearly 58% wanted these systems in their next vehicle.
- Rising Popularity of Luxury Vehicles–Most of the luxury vehicles are installed with advanced sensor that operates the working of blind spot monitor. Unit sales in the global luxury Cars industry sector are estimated to reach 217,000 cars in 2027.
- Increasing Instances of Vehicle Crashes – Research indicates that blind spot warnings can prevent drivers from smashing into another car that is travelling in the same directions in an adjacent lane. According to the World Health Organization, every year, 1.35 million people are killed on the world's roads. Every day, about 3,700 people are injured in automobile, bus, motorcycle, bicycle, truck, or pedestrian accidents around the world.
- Growing Government Initiatives to Secure Road Safety – Rising awareness for vehicle safety is likely to increase the demand for the blind spot monitor market and other sensors. The government of India has suggested establishing the Bharat New Vehicle Safety Assessment Programme - BNVSAP in the draught Road Transport and Safety Bill. Cars would be checked for safety in front-on and side-on crash tests under this programme.
- Growing Investment in Automotive Technologies–Rising investment in the automotive technologies is likely to advance the technology and give consumer even sharper features. Amazon is working to achieve the objectives set forth in the National Roadway Safety Strategy (NRSS) of the United States Department of Transportation. Amazon is expected to invest USD 200 million investment in modern safety technology.
Challenges
- High cost and complex components of the blind spot monitor
- Poor efficiency in bad weather
- Low reliability of the blind spot monitor- The disadvantages will vary depending on the vehicle, but some systems are not designed to operate efficiently at low speeds. This means the system is limited in usage or altogether ineffective at lower speeds.
Blind Spot Monitor Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
16.4% |
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Base Year Market Size (2024) |
USD 22.05 billion |
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Forecast Year Market Size (2037) |
USD 158.78 billion |
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Regional Scope |
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Blind Spot Monitor Segmentation
Product Type (Park Assist, backup Camera, Surround View & Virtual Pillar, BSD)
The blind spot monitor market is segmented and analyzed for demand and supply by product type into park assist, backup camera, surround view & virtual pillar, and BSD. Out of the four types of blind spot monitor, the park assist segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the increasing issues faced by people during the simple parking of the car. parking space in big cities has stayed constant or declined due to a growing population of people and vehicles. The problems are more prominent where land is limited and expensive, such as in metropolises, expanding parking demand spaces puts great pressure on it. The market growth is primarily attributed to the rising instances of vehicle collision. Globally, one out of every five car accidents occur in a parking lot or garage. Moreover, every year in the world an estimated more than 50,000 crashes occur in parking lots, resulting in hundreds of deaths and thousands of injuries. Pedestrians account for nearly 40% of all fatalities in parking lot incidents. A reverse parking-assist system, which alerts the driver when objects are in the vehicle's blind spot, can aid in the prevention of such accidents. Furthermore, it is estimated that a reverse parking-assist system might prevent the majority of all reverse and parking accidents.
Technology (Ultrasonic Sensor, Radar Sensor)
The blind spot monitor market is also segmented and analyzed for demand and supply by technology into ultrasonic sensor, radar sensor, and others. Amongst these three segments, the radar sensor segment is expected to garner a significant share in the year 2037. The growth of the segment is expected on the account of demand for advance features in the car and rising benefits of the ADAS radar systems over other types of sensors. The radar sensor is unaffected by weather conditions. Furthermore, it can withstand extreme cold and heat. It works in low-light situations and even in complete darkness.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Technology |
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By Vehicle Type |
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By End User |
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Customize this ReportBlind Spot Monitor Industry - Regional Synopsis
North American Market Forecast
The market share of blind spot monitor in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the increasing demand for the automobiles and luxury vehicles. Unit sales of luxury cars in the United States are predicted to reach 92,000 vehicles in 2027. Moreover, the total new vehicles sold in the United States was around 1 million as of March 2023. This is approximately 9% higher than a year ago, that is March 2022. On the other hand, the market growth is also attributed to growing demand for the automotive safety systems followed by rising cases of vehicle crashes & road accidents.
APAC Market Statistics
The Asia Pacific blind spot monitor market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growth of the market can be attributed majorly to the restricted parking space in the region and growing demand for the parking spaces. Indian metropolises are facing a mobility dilemma as a result of fast economic and demographic growth. Today, metropolitan areas experience enormous demand for parking spots, resulting in parking challenges in India such as congested roads, parking accidents, and inappropriate demand and supply. An Indian car is parked for more than 95% of the time and driven for less than 5% of the time. Moreover, a car stands for an average of 8,360 hours each year and is only driven for nearly 400 hours. Furthermore, rising production of vehicles with advances safety features is also attributed to the market growth.
Europe Market Forecast
Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the rising production of vehicles. Production of vehicles in Germany grew for the eighth month in a row in February, with roughly 382,600 passenger cars rolling off the production units, this approximately 24% rise over the previous year. Moreover, around 700,000 automobiles were produced in January and February 2023, a 26% increase year on year. On the other hand, rising demand for luxury vehicles with advance driving features is also expected to drive the market growth in the region.
Companies Dominating the Blind Spot Monitor Landscape
- Robert Bosch GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Delphi Powertrain Systems Operations Luxembourg S. à r.l.
- Continental AG
- ZF Friedrichafen AG
- Autoliv Inc.
- Denso Corporation
- Texas Instruments Incorporated
- WABCO Holdings
- Magna International Inc.
- Ficosa Internacional SA
In the News
- Texas Instruments Incorporated announced the launch of new high resolution 77-Ghz radar sensor that more accurate blind spot monitoring and can detect the objects. It navigates curves and corners efficiently to avoid crashes. It also assists automakers in improving the way advanced driving assistance systems (ADAS) detect things.
- Wabco Holdings announced the launch of TOOLBOX PLUs. The package includes OnSide Blind Spot Detection device that monitors the vehicle's passenger side blind spot to assist drivers in avoiding side crashes.
Author Credits: Saima Khursheed
- Report ID: 4887
- Published Date: Mar 20, 2025
- Report Format: PDF, PPT
