Automotive Blind Spot Detection Market: Global Industry Analysis, Sales Forecast and Export Value, 2017 to 2025
Boasting the presence of several large companies and ample representation from local players, the competitive scenario in the global automotive blind spot detection market is likely to get tougher in the coming years. Some of the existing market players already enjoy the perks of being early entrants, making terrains extremely difficult for the entry of newer vendors. Besides this, the established players are aiming to score high on the back of their widespread regional footprint and extensive product portfolio. This could make the contention of newer vendors even weaker, finds Transparency Market Research (TMR) in a new study. TMR has forecast the global automotive blind spot detection market to reach US$11.67 bn by the end of 2025, as against US$3.42 bn, its valuation in 2016, exhibiting an impressive 14.59% CAGR between 2017 and 2025. Accounting for nearly 40% of the global market, North America emerged dominant in 2016 and is expected to remain rooted at the fore t...