RADAR Technologies will account for almost half of the market in 2010
Boston, MA - January 10, 2006 - The latest Strategy Analytics reports analyzing the market for automotive blindspot monitoring systems forecast that this market will grow to nearly 4 million units by 2012 as consumers seek better vehicular safety features, while manufacturers strive to offer compelling, differentiated products. The two main technology types used for blindspot monitoring systems will be RADAR and vision-based systems, with RADAR-based solutions taking almost half of the total available market in 2010.
Strategy Analytics forecasts show that safety systems will provide the greatest growth in automotive electronic system dollar demand. The development of advanced sensing systems based on radar, optical and other technologies has opened up a whole new range of possible safety-oriented applications for passenger vehicles.
"Consumers want increased car safety and car manufacturers need new ways to differentiate their products. Furthermore, there is increasing legislative pressure regarding safety systems," notes Ian Riches, Service Director from the Strategy Analytics Automotive Electronics Service (AES). "Combined, these factors will help to drive the market for blindspot monitoring systems."
"RADAR technologies will underpin the development of blindspot monitoring systems," observes Asif Anwar, Director of the Strategy Analytics GaAs service. "Lower-cost approaches such as optical solutions will provide competition to RADAR-based systems. Looking further ahead, infrared systems are also being developed."
The two reports, "Automotive Blindspot Monitoring Systems: A Market Poised for Growth" and "RADAR Underpins Automotive Blindspot Monitoring Systems" are available from Strategy Analytics' Automotive Electronics and Gallium Arsenide services, respectively.