Blind Spot Information System (BLIS) Market - Global Industry Research Analysis

According to Market Research Store, the global blind spot information system (BLIS) market size was valued at around USD 6.38 billion in 2023 and is estimated to reach USD 14.99 billion by 2032, to register a CAGR of approximately 8.90% in terms of revenue during the forecast period 2024-2032.

The blind spot information system (BLIS) report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Global Blind Spot Information System (BLIS) Market: Overview

The Blind Spot Information System (BLIS) Market encompasses technologies designed to enhance vehicle safety by detecting vehicles or objects in the driver’s blind spots. BLIS utilizes sensors, cameras, and radar to monitor the areas adjacent to a vehicle, providing alerts to the driver about potential hazards during lane changes or merging maneuvers.

This system is part of a broader category of Advanced Driver Assistance Systems (ADAS) aimed at reducing accidents and improving overall road safety.

The growth of the BLIS market is fueled by several factors, including increasing awareness about road safety, stringent regulations mandating the incorporation of advanced safety features in vehicles, and a rising demand for luxury vehicles equipped with cutting-edge technology.

As consumers become more safety-conscious, automakers are incorporating BLIS and other ADAS technologies into their vehicle offerings to enhance safety and attract buyers.

Additionally, the transition towards semi-autonomous and fully autonomous driving technologies is driving the demand for advanced safety systems like BLIS.

Key Highlights

• The blind spot information system (BLIS) market is anticipated to grow at a CAGR of 8.90% during the forecast period.
• The global blind spot information system (BLIS) market was estimated to be worth approximately USD 6.38 billion in 2023 and is projected to reach a value of USD 14.99 billion by 2032.
• The growth of the blind spot information system (BLIS) market is being driven by the rising awareness of road safety and the need to reduce accidents caused by blind spots are pushing the adoption of BLIS technologies.
• Based on the product, the radar sensor segment is growing at a high rate and is projected to dominate the market.
• On the basis of application, the passenger car segment is projected to swipe the largest market share.
• By region, North America is expected to dominate the global market during the forecast period.

Blind Spot Information System (BLIS) Market: Dynamics

Key Growth Drivers

• Rising Demand for Advanced Driver Assistance Systems (ADAS): The increasing focus on improving vehicle safety and enhancing driver experience has driven the demand for ADAS features like Blind Spot Information Systems (BLIS).
• Stringent Safety Regulations: Governments worldwide are imposing stricter safety regulations, mandating the inclusion of advanced safety features like BLIS in new vehicles.
• Advancements in Sensor Technology: Improvements in radar and camera technologies have made BLIS systems more reliable and cost-effective, driving their adoption.
• Increasing Consumer Awareness: Consumers are becoming more aware of the benefits of advanced safety features, leading to higher demand for vehicles equipped with BLIS.

Restraints

• Higher Costs: The inclusion of BLIS systems can increase the cost of vehicles, limiting their adoption in lower-priced segments.
• Technological Limitations: While BLIS systems have improved significantly, they may still have limitations in certain driving conditions, such as low visibility or complex traffic scenarios.
• False Alarms: BLIS systems can sometimes trigger false alarms, leading to driver distraction or annoyance.
• Competition from Other Safety Features: BLIS systems compete with other safety features like lane departure warning, adaptive cruise control, and automatic emergency braking, which may influence consumer preferences.

Opportunities

• Integration with Other ADAS Features: Combining BLIS with other ADAS features, such as lane change assist or blind spot monitoring, can provide a more comprehensive safety package.
• Expanding Applications: BLIS systems can be adapted for use in commercial vehicles, such as trucks and buses, to improve safety and reduce accidents.
• Advancements in Sensor Technology: Continued advancements in radar and camera technologies can improve the accuracy and reliability of BLIS systems.
• Emerging Markets: Targeting emerging markets with growing automotive industries can provide significant growth potential for BLIS systems.

Challenges

• Regulatory Hurdles: Ensuring compliance with safety and regulatory standards related to BLIS systems can be a challenge.
• Supply Chain Issues: The availability and pricing of components used in BLIS systems can be subject to fluctuations.
• Competition from Alternative Technologies: BLIS systems may face competition from alternative technologies, such as ultrasonic sensors or lidar, which may offer different advantages.
• Consumer Acceptance: Building consumer awareness and acceptance of BLIS systems as a valuable safety feature can be a challenge.

Blind Spot Information System (BLIS) Market: Segmentation Insights

The global blind spot information system (BLIS) market is divided by product, application, and region.

Segmentation Insights by Product

Based on Product, the global blind spot information system (BLIS) market is divided into radar sensor, ultrasonic sensor, and other.

The Radar Sensor segment dominates the BLIS market due to its superior detection capabilities, robustness, and reliability. Radar-based systems are widely adopted in both passenger and commercial vehicles, especially in higher-end models that prioritize safety features. Radar sensors are the most commonly used technology in Blind Spot Information Systems.

The Ultrasonic Sensor segment, while smaller than radar sensors, still holds a significant portion of the market. These sensors are often used in entry-level and mid-range vehicles where cost considerations are important. Ultrasonic sensors use sound waves to detect objects at close range. They are particularly effective in low-speed situations, such as parking and maneuvering in tight spaces.

Segmentation Insights by Application

On the basis of Application, the global blind spot information system (BLIS) market is bifurcated into passenger car, commercial vehicle, and others.

The Passenger Car segment dominates the BLIS market, accounting for a significant portion of total revenue. This is driven by high consumer demand for safety features in personal vehicles and the growing trend of integrating advanced driver-assistance systems (ADAS) into new car models. he BLIS in passenger cars is designed to assist drivers by monitoring blind spots and providing warnings when another vehicle is detected nearby.

The Commercial Vehicle segment, while smaller than passenger cars, is rapidly growing as fleet operators increasingly prioritize safety features to reduce accident rates and enhance operational efficiency. BLIS in commercial vehicles is crucial for improving safety in larger vehicles such as trucks, buses, and delivery vans, which typically have more extensive blind spots.        

Blind Spot Information System (BLIS) Market: Report Scope

Blind Spot Information System (BLIS) Market: Regional Insights

•          North America currently leads the global blind spot information system (BLIS) market

North America is a key market for BLIS, driven by a strong emphasis on vehicle safety, high consumer awareness, and the presence of major automotive manufacturers. The region has well-established regulatory frameworks supporting the integration of safety technologies.

Europe has a mature market for BLIS, supported by strict safety regulations and a strong automotive industry. Countries like Germany, France, and the UK are leading the adoption of such technologies.

The Asia-Pacific region is witnessing rapid growth in the BLIS market, driven by increasing vehicle production, rising disposable incomes, and a growing focus on road safety. Key contributors include China, Japan, and India.

The BLIS market in Latin America is gradually developing, with increased awareness of vehicle safety features and improvements in automotive technology. Brazil and Mexico are emerging markets in this region.

The Middle East and Africa (MEA) region is in the early stages of adopting BLIS, but there is growing demand for vehicle safety features, especially in luxury vehicles, which often come equipped with such technologies.

Blind Spot Information System (BLIS) Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the blind spot information system (BLIS) market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global blind spot information system (BLIS) market include:

• Autoliv
• Bosch
• Continental
• Delphi
• Denso
• Hella
• Valeo
• WABCO
• ZF TRW

The global blind spot information system (BLIS) market is segmented as follows:

By Product

• Radar Sensor
• Ultrasonic Sensor
• Other

By Application

• Passenger Car
• Commercial Vehicle

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa

Frequently Asked Questions:

What will be the value of the blind spot information system (BLIS) market during 2024- 2032?

Based on statistics from the Market Research Store, the global blind spot information system (BLIS) market size was projected at approximately US$ 6.38 billion in 2023. Projections indicate that the market is expected to reach around US$ 14.99 billion in revenue by 2032.

What will be the CAGR of the global blind spot information system (BLIS) market?

The global blind spot information system (BLIS) market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 8.90% during the forecast period from 2024 to 2032.

Which region will drive the global blind spot information system (BLIS) market?

North America is expected to dominate the global blind spot information system (BLIS) market.

What are the significant factors driving the global blind spot information system (BLIS) market?

There is a growing emphasis on vehicle safety from both consumers and regulatory bodies are key factors of blind spot information system (BLIS) market growth.

Who are the leading players functioning in the global blind spot information system (BLIS) market growth?

Some of the prominent players operating in the global blind spot information system (BLIS) market are; Autoliv, Bosch, Continental, Delphi, Denso, Hella, Valeo, WABCO, ZF TRW, and others.

What can be expected from the global blind spot information system (BLIS) market report?

The global blind spot information system (BLIS) market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.

Frequently Asked Questions