Blind Spot Monitor Market Size

Blind Spot Monitor Market size was over USD 22.05 billion in 2024 and is projected to reach USD 153.54 billion by 2037, witnessing around 16.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of blind spot monitor is assessed at USD 24.89 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.