Market Research Reprots- Worldwide Commercial Vehicle Blind Spot Detection System

Commercial Vehicle Blind Spot Detection
System Market
Following companies as the key players in the global commercial vehicle blind spot detection system
market: Continental, Delphi, Robert Bosch, Valeo, WABCO
The latest trend gaining momentum in the market is Increasing use of vision-based blind spot detection
using optical flow techniques as the backend technology in BSD systems. Camera module-based BSD
systems have been in the market for so long that the underlying technology used therein has become
outdated. In recent years (since the late 2000s), vision-based BSD systems, which use optical flow
techniques to detect objects on the road, have taken hold.”
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According to the report, one of the major drivers for this market is Insurance companies supporting the
demand for advanced safety systems. Automotive safety systems have proven to reduce major road
fatalities globally. These have proven beneficial for auto insurance companies too. As a result of these
advanced safety systems, auto insurance companies can expect a reduction of claims in the long run.
Industry experts believe that using these technologies would reduce insurance claims by 40%.