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Yahoo
02-06-2025
- Automotive
- Yahoo
[Latest] Global Automotive Blind Spot Detection System Market Size/Share Worth USD 9.97 Billion by 2034 at a 11.2% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Automotive Blind Spot Detection System Market size & share revenue was valued at approximately USD 3.49 Billion in 2024 and is expected to reach USD 3.83 Billion in 2025 and is expected to reach around USD 9.97 Billion by 2034, at a CAGR of 11.2% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Robert Bosch GmbH, Continental AG , Denso Corporation, Aptiv, Autoliv Inc., Veoneer, Valeo SA, NXP Semiconductors NV, Texas Instruments Inc., ZF Friedrichshafen AG, Infineon Technologies AG, SerVision, and others. Austin, TX, USA, June 02, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Automotive Blind Spot Detection System Market Size, Trends and Insights By Component Type (Ultrasonic, RADAR, Camera), By Vehicle Type (Passenger Cars, Commercial Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database.'According to the latest research study, the demand for the global Automotive Blind Spot Detection System Market size & share was valued at approximately USD 3.49 Billion in 2024 and is expected to reach USD 3.83 Billion in 2025 and is expected to reach a value of around USD 9.97 Billion by 2034, at a compound annual growth rate (CAGR) of about 11.2% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Automotive Blind Spot Detection System Market @ Automotive Blind Spot Detection System Market Overview As per the industry experts at CMI, The Automotive Blind Spot Detection System Market is growing immensely with growing safety requirements and inclusion of ADAS. Automakers are partnering with key players like Robert Bosch GmbH, Continental AG, Denso Corporation, Aptiv, and Autoliv Inc. to provide sophisticated systems in luxury as well as mid-range cars. These customers are spearheading world acceptance with government rules and customer demand for safety features. Expenditure on AI and sensor fusion is enhancing system accuracy. Adoption is growing across geographies, from North America to Asia. Autonomous driving-compatible orientation is also guiding product development. Competitive growth is fueled by R&D, alliances, and growth in emerging markets. Automotive Blind Spot Detection System Market Growth Factors and Dynamics Rising Road Safety Concerns: The increase in road accidents has promoted the demand for Blind Spot Detection Systems (BSD) to improve vehicle safety. In May 2025, Continental produced its 200 million radar sensor, which was more than 20% of the global market. These AI-operated sensors support major ADAS features such as emergency braking and adaptive cruise control. Q1 With US $1.6 billion in radar orders in 2025, the upcoming production of Continental (2026–2027) highlights the increasing role of radar in safe and autonomous driving. Government Safety Regulations: Governments worldwide are implementing strict security rules to reduce road deadly, often it is necessary to include new vehicles with blind spot detection systems (BSDs) such as advanced driver-assistance systems (ADAS). These mandates require vehicle manufacturers to integrate BSD into vehicle designs for compliance. Referring to this trend, the company's dedication to the company's annual and stability reports has been emphasized, developing and supplying advanced security technologies, including BSD for global security standards, the annual and stability report of autolive, growing regulatory and market demands. Request a Customized Copy of the Automotive Blind Spot Detection System Market Report @ Increased Vehicle Production: Global growth in vehicle production, especially in emerging markets, is greatly expanding the potential market for Blind Spot Detection Systems (BSDS). As more vehicles are manufactured, the demand for integrated security systems like BSDS increases, increasing overall market growth. Referring to this trend, the integrated report from Denso Corporation, released in May 2025, underlines the company's strategic attention to meeting the increasing demand for vehicle safety technologies. Daneso is actively developing advanced safety solutions, including BSD, to support the expanding motor vehicle industry. Report Scope Feature of the Report Details Market Size in 2025 USD 3.83 Billion Projected Market Size in 2034 USD 9.97 Billion Market Size in 2024 USD 3.49 Billion CAGR Growth Rate 11.2% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Component Type, Vehicle Type and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Automotive Blind Spot Detection System report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: The updated report for 2024 includes an introduction, an overview, and an in-depth industry analysis. We have included the COVID-19 Pandemic Outbreak Impact Analysis in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes We have updated the tables and figures. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Automotive Blind Spot Detection System report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Automotive Blind Spot Detection System Market Report @ Automotive Blind Spot Detection System Market SWOT Analysis Strengths: The automotive blind spot detection system industry has a lot to gain from the growing awareness of consumer safety on the road and a rapidly increasing demand for advanced driver-assistance systems (ADAS). Automakers, recognizing the trend, are adopting these vehicles either as standard equipment or optional features of mid-range vehicles, which heightens penetration within the market. Thanks to new technology like radar and sensor fusion, blind spot systems are now more accurate and reliable, which has built customer trust and led to state regulations that encourage their use. Weaknesses: The biggest weakness is the high cost of implementing the blind spot detection system, especially for entry-level and budget vehicles. Additionally, sensors are dependent on an accurate calibration, service, and maintenance to reduce the servicing cost, which could malfunction if not managed properly. Some users can over-rely on this system and overlook the fundamental notion that the intensity of the driving experience would lessen their attentiveness to situational driving. Opportunities: Emerging markets around the world offer some opportunities for blind spot detection systems, where awareness of vehicle safety is evolving and their roads and infrastructure are developing. Governments, even at the highest levels, may mandate blind spot detection systems in vehicles as they strengthen vehicle safety norms and regulations. Their major expansion of electric and autonomous vehicle market segments will offer the perfect platform to incorporate advanced blind spot monitoring technologies within the full ADAS package. Threats: The market faces threats from intense competition among OEMs and tech providers, leading to pricing pressure and reduced profit margins. Cybersecurity risks and privacy concerns related to connected vehicle systems could hamper user confidence in advanced driver-assistance technologies. Additionally, economic downturns and supply chain disruptions, such as those experienced during global chip shortages, may impact production and deployment rates. Request a Customized Copy of the Automotive Blind Spot Detection System Market Report @ Key questions answered in this report: What is the size of the Automotive Blind Spot Detection System market, and what is its expected growth rate? What are the primary driving factors that push the Automotive Blind Spot Detection System market forward? What are the Automotive Blind Spot Detection System Industry's top companies? What are the different categories that the Automotive Blind Spot Detection System Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Automotive Blind Spot Detection System market sample report and company profiles? Request a Customized Copy of the Automotive Blind Spot Detection System Market Report @ Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Automotive Blind Spot Detection System Research Report | Fast Delivery Available - [220+ Pages] @ Automotive Blind Spot Detection System Market Regional Perspective The Automotive Blind Spot Detection System Market can be divided across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region: North America: The National Highway Traffic Safety Administration (NHTSA) in the United States stated in November 2024 that as of the 2026 model year, the safety of a vehicle will include evaluating the impairment by blind spot warnings and intervention. This is a component of the 2021 national bipartisan infrastructure legislation to improve our safety standards to better prevent injuries and fatalities from road collisions. Similarly, leading suppliers Robert Bosch GmbH and Continental AG have invested heavily in the automotive supply chain to increase their production capacity in North America for advanced driver-assistance systems (ADAS), including blind spot detection systems. Europe: The European Union has taken a different approach to vehicle safety issues with the updated general vehicle safety regulation, (GSR), which has begun implementing procedures since July 2022, in which all new passenger cars must include safety features, including blind spot systems. The updated regulation is part of a broader vision aimed at reducing road deaths and serious injuries among Europeans, which are significant public health issues in many EU Member States. In anticipation of GSR requirements, many European vehicle manufacturers, such as Volvo and Mercedes-Benz have integrated blind-spot detection systems as standard features of many of their passenger vehicles; this investment met GSR compliance obligations, as well as growing customer demand for increasingly safer vehicles. Asia-Pacific: The Asia-Pacific region is home to countries, such as Japan and South Korea, that have adopted strict safety regulations requiring blind spot detection systems in new vehicles as part of broader programs to increase safety and reduce road accidents. Several regional automotive champions, like Denso Corporation or Hyundai Mobis, have continued to produce and deploy advanced blind spot systems. The eventual implementation of advanced blind spot systems will meet domestic safety obligations, increase global demand, and continue to make North America a leading region for automotive safety innovation. LAMEA: In the Latin America region, countries like Brazil are starting to implement vehicle safety regulations that support blind spot detection systems. While it hasn't yet become mandatory, there is a growing trend for higher-end models produced by manufacturers to include blind spot detection systems to increase safety and better serve the safety-minded consumer. In the Middle East and Africa, the adoption of blind spot detection technologies is also on the rise, fueled by growing awareness of road safety and the implementation of new vehicle safety standards. Governments in the region are working with international organizations to improve traffic safety, which includes encouraging the integration of advanced driver-assistance systems (ADAS). Request a Customized Copy of the Automotive Blind Spot Detection System Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do you want data for inclusion in magazines, case studies, research papers, or media? Email Directly Here with Detail Information: support@ Browse the full 'Automotive Blind Spot Detection System Market Size, Trends and Insights By Component Type (Ultrasonic, RADAR, Camera), By Vehicle Type (Passenger Cars, Commercial Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at of the prominent players in the Automotive Blind Spot Detection System Market: Robert Bosch GmbH Continental AG Denso Corporation Aptiv Autoliv Inc. Veoneer Valeo SA NXP Semiconductors NV Texas Instruments Incorporated ZF Friedrichshafen AG Infineon Technologies AG SerVision Others Click Here to Access a Free Sample Report of the Global Automotive Blind Spot Detection System Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures We offer a subscription-based option. Best price guarantee We offer free 35% or 60 hours of customization. We also offer free post-sale service assistance. You will receive a 25% discount on your subsequent purchases. Service guarantees are available. The author will create a customized market brief for you. 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Which Trends Are Causing These Developments? Who Are the Global Key Players in This Automotive Blind Spot Detection System Market? What are the company profiles, product information, and contact details of these key players?ese key players? What Was the Global Market Status of the Automotive Blind Spot Detection System Market? What Was the Capacity, Production Value, Cost and PROFIT of the Automotive Blind Spot Detection System Market? What Is the Current Market Status of the Automotive Blind Spot Detection System What's the market's competition in this industry, both company-wise and country-wise? What is the market analysis of the automotive blind spot detection system, considering its applications and types? In its applications and types? What Are Projections of the Global Automotive Blind Spot Detection System Industry Considering Capacity, Production and production estimates? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Automotive Blind Spot Detection System Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On the Automotive Blind Spot Detection System Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are the Market Dynamics of the Automotive Blind Spot Detection System Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Automotive Blind Spot Detection System Industry? Click Here to Access a Free Sample Report of the Global Automotive Blind Spot Detection System Market @ Reasons to Purchase Automotive Blind Spot Detection System Market Report Automotive Blind Spot Detection System Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Automotive Blind Spot Detection System Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Automotive Blind Spot Detection System Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five report includes extensive company profiles, which include company overviews, insights, product benchmarking, and SWOT analyses for the major market players. nd SWOT analyses for the major market players. Recent developments, including growth opportunities and drivers, as well as challenges and restraints in both emerging and developed regions, shape the industry's current and future market outlook. Automotive Blind Spot Detection System Market Includes in-depth market analysis from various perspectives, offers an overview of offive forces analysis, and offers an overview of the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Automotive Blind Spot Detection System market. Compare your performance to that of the market as a whole. Aim to maintain competitive advantages, as innovative leaders drive advancements while established leaders contribute to market growth. Buy this Premium Automotive Blind Spot Detection System Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Automotive BliThe report covers the competitive environment of current and potential participants in the Automotive Blind Spot Detection System market, along with those companies' strategic product development ambitions. tegic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparabThe report provides actual market sizes and forecasts for each segment mentioned above. casts for each segment mentioned above. Who should buy this report? Participants and stakeholders worldwide Automotive Blind Spot Detection System market should find this report useful. The research will be useful to all market participants in the Automotive Blind Spot Detection System industry. Managers in the Automotive Blind Spot Detection System sector are interested in publishing up-to-date and projected data about the worldwide Automotive Blind Spot Detection System market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Automotive Blind Spot Detection System products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Automotive Blind Spot Detection System Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable groffers a comprehensive solution, from. CMI provides a one-stop solution forOur company's expert analysis digs out essential factors that help usdigs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply client insights on aspects such as strategies for future estimation falls, forecasting or opportunities to grow, and consumer surveys. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: support@ Web: Blog: Blog: Blog: Blog: Buy this Premium Automotive Blind Spot Detection System Research Report | Fast Delivery Available - [220+ Pages] @ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Automotive
- Yahoo
Automotive Camera Market worth $15.34 billion by 2032
The passenger car segment will dominate the global automotive camera market, projected to hold ~ 85% of the market share by 2032. In terms of market sizing, Asia Pacific dominates the global market, with China, India, and Japan holding a significant share of the automotive camera demand. These countries have a balanced mix of economy as well as mid-range vehicles, with a strong leap for the premium category, driven by regional economic growth and rising disposable wealth. Regional original equipment manufacturers (OEMs) such as Toyota, Honda, Hyundai-Kia, Suzuki, and Mitsubishi are providing essential Advanced Driver Assistance Systems (ADAS) features. These include adaptive cruise control (ACC), lane departure warning (LDW), blind spot detection (BSD), and rearview cameras for parking assistance with guiding lines. These features are available in both top trims of economical and mid-range vehicles, as well as in luxury cars. These features have been integrated into these car models with a focus on making these technologies more accessible to a broad customer base in the Asian region and differentiating them from the competitive environment. The passenger car segment will account for the largest share of the global automotive camera market. DELRAY BEACH, Fla., May 7, 2025 /PRNewswire/ -- The global automotive camera market size is projected to grow from USD 8.40 billion in 2025 to USD 15.34 billion by 2032, at a CAGR of 9.0%, according to a new report by MarketsandMarkets. The global automotive camera market is witnessing rapid growth, fueled by rising demand for ADAS features such as automotive cruise control, lane departure warning, parking assist, and blind spot detection. The adoption is mainly driven by stringent vehicle safety regulations in European countries and Japan, as well as OEMs' preference to accommodate shifting consumers' preferences toward safety and comfort upgrades. The rising integration of some common ADAS features in budget to mid-price segment cars is propelling the automotive cameras market in the Asia Pacific region. Alternatively, North America and Europe have a comparatively higher deployment rate owing to the strong presence of premium automakers & tier-1 suppliers, and their continuous investments in testing various automation functionalities support the adoption of advanced camera systems in these regions. Story Continues Further, strict regulatory norms such as the European Union (EU) mandated features like Lane Departure Warning (LDW) systems & AEB effective from July 2022 in all light-duty vehicles are driving the adoption of automotive cameras. Regional premium manufacturers such as BMW, Mercedes-Benz, JLR, and Audi offer advanced ADAS options, such as intelligent parking assist and 360-degree camera systems in the majority of their models. North American OEMs such as Ford, General Motors, and Tesla, along with foreign players like Toyota, Honda (Acura), and Stellantis Group, are at the forefront of integrating features like lane keep assist, adaptive cruise control, and driver monitoring systems into their vehicles. As the technologies are gaining more adoption rate and reaching mass volume, the associated technology, components, and software are more affordable, leading to their accessibility to larger vehicle demand and thereby accelerating the market growth of automotive cameras, particularly in the passenger car segment. The thermal camera segment will register the fastest growth using technology during the forecast period. Thermal cameras, which are mostly installed in night vision systems, are projected to grow at the highest CAGR under the review period. Thermal cameras are primarily used for this application mainly due to their benefit of detecting heat emitted by objects, enabling visibility in complete darkness and through challenging weather conditions such as fog, rain, and snow. Due to this, it is essential for pedestrian detection during darkness or low/negligible light conditions. The rising demand for premium vehicles (Class D & above), comprising sedans, pick-up trucks, and vans, would prompt the adoption of the night vision system market at a promising rate. For instance, in China and Japan, the share of Class D & above passenger vehicle production stood at ~45% and ~33%, respectively, in 2024. These vehicles are likely to have a faster acceptance rate in the coming years. Similarly, Europeans and North Americans have a preference for high-end vehicles with several comfort and safety elements. Night vision cameras are primarily installed in luxury vehicles and have limited adoption by a few OEMs from Europe, North America, and Asia Pacific, owing to their higher cost and complexity. However, due to their safety benefits, they are likely to become more common in mid-segment passenger vehicles across key countries by the end of the forecast period. In addition, strategic collaboration between Valeo (France) and Teledyne FLIR LLC (US) highlights the development of thermal camera technology. Thermal Master launched Thermal Master NV300 MAX, an advanced dual-spectrum thermal imaging night vision system for vehicles, in October 2024 in the US. This technology is aimed at improving pedestrian detection while driving, especially in low-visibility conditions. As OEMs pay more attention to the safety and development of new technology, thermal cameras are expected to grow rapidly in the automotive camera market. North America is projected to be the second-largest region in the automotive camera market. North America is likely to become the second-largest market for automotive cameras due to the increasing need for advanced driver assistance systems and safety features. Full-size SUVs like the Ford Expedition and Chevrolet Suburban have experienced significant year-over-year sales, pointing toward the increasing consumer demand for large vehicles with safety and comfort features. The US government initiatives, such as those from the National Highway Traffic Safety Administration (NHTSA), are significantly influencing the demand for advanced driver assistance systems (ADAS). Features like lane departure warning (LDW) and blind spot detection (BSD) for passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) are expected to drive the demand for automotive cameras across the region. Regional OEMs, such as Ford, Tesla, and General Motors, support the automotive camera market in the US since they are currently introducing camera-based semi-autonomous driving systems in their vehicles. For instance, Ford Motors (US) 2024 Mustang comes equipped with adaptive cruise control, blind spot assist, lane keeping system with lane keeping alert, and more. Such innovations point towards the increasing adoption of ADAS features, which rely significantly on automotive cameras. US consumers also know about safety and comfort features that will drive the uptake of ADAS features with automotive cameras. Key Market Automotive Camera Industry: Prominent players in the Automotive Camera Companies include as Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), and Denso Corporation (Japan), and Ficosa International SA (Spain), among others. Get 10% Free Customization on this Report: This report provides insights on: Analysis of key drivers (Increasing consumer demand for ADAS in vehicles, government initiatives for improved vehicle safety, advancements in camera technology), restraints (Impact of adverse weather conditions, lack of infrastructure in emerging economies), opportunities (Growing push for autonomous vehicles, surge in demand for premium vehicles), and challenges (Low adoption and high cost of newer technologies, integration with other vehicle sensors) influencing the growth of the automotive camera market. Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new product & service launches in the automotive camera market. Market Development: Comprehensive information about lucrative markets – the report analyzes the automotive camera market across varied regions. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive camera market. Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), and Ficosa International SA (Spain) among others in the automotive camera market. Strategies: The report also helps stakeholders understand the pulse of the automotive camera market and provides them with information on key market drivers, restraints, challenges, and opportunities. Related Reports: Self-driving Cars Market Advanced Driver Assistance Systems Market Automotive LiDAR Market Get access to the latest updates on Automotive Camera Companies and Automotive Camera Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook . Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA: +1-888-600-6441 Email: sales@ Visit Our Website: Logo: Cision View original content: SOURCE MarketsandMarkets
Malaysiakini
05-05-2025
- Politics
- Malaysiakini
Basic Structure Doctrine and the Constitution
COMMENT | Let it be said at the outset that disagreement over the correct interpretation of the law is lauded, even encouraged, in a democratic society. However, such disagreement must be well-reasoned, even-handed and made in good faith. It is unfortunate that former chief justice Abdul Hamid Mohamad's recent article fails and falters on all fronts. Hamid's central claim is that the Basic Structure Doctrine (BSD) is a foreign doctrine, adopted wholesale from the Indians, with no link whatsoever to the Malaysian Constitution. This is a grave error. It has to be said that, contrary to his assertion, Malaysia did not import the doctrine from either India or Germany or elsewhere. This is because our Federal Constitution had encapsulated this doctrine in Article 4 (1), which unequivocally states: 'This Constitution is the supreme law of the Federation and any law passed after Merdeka Day that is inconsistent with this Constitution shall, to the extent of the inconsistency, be void.' One may well ask: What exactly is the BSD in a Constitution? In a nutshell...
Time Business News
04-05-2025
- Business
- Time Business News
Buying a Condo as a Foreigner in Singapore: What You Should Know
Singapore is a top destination for foreign investors due to its political stability, robust economy, and strong property rights. If you're a non-citizen planning to invest in real estate here, buying a condominium is one of the most straightforward ways to enter the market. However, there are important regulations, costs, and taxes to consider before you commit. In this guide, we'll cover everything you need to know about buying a condo as a foreigner in Singapore—from eligibility requirements to taxes like the Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD). In Singapore, the Residential Property Act places restrictions on the types of properties foreigners can buy. This is to ensure that landed homes are preserved primarily for Singapore citizens. However, private condominiums are exempt from these restrictions. They're classified as non-landed residential properties and are open to foreign ownership without prior approval from any government authority. Located in strategic districts with high rental demand Access to premium facilities (pools, gyms, function rooms) Gated communities offering security and privacy Potential for capital appreciation in land-scarce Singapore Yes, foreigners are legally allowed to purchase private condos in Singapore, but there are a few conditions and distinctions to keep in mind: Private condominiums (no prior approval required) Units in completed developments (no MOP restrictions) Landed residential properties (e.g., bungalows, terrace houses, cluster housing) Executive Condominiums (ECs) that are less than 10 years old Executive Condominiums (ECs) restrictions: ECs under 5 years: Only eligible to Singaporeans ECs 5–10 years: Only Singaporeans and PRs ECs after 10 years: Treated like private condos and available to foreigners Important Note: Properties under the HDB scheme (public housing) are not available to foreign buyers except under very strict exceptions, such as forming a family nucleus with a Singaporean citizen. The Buyer's Stamp Duty (BSD) is a property tax imposed on all real estate purchases in Singapore. The amount is based on the purchase price or the market value of the property, whichever is higher. Current BSD Rates (Residential): Portion of Purchase Price BSD Rate First $180,000 1% Next $180,000 2% Next $640,000 3% Amount above $1,000,000 4% Example: For a $2,000,000 condo: 1% on first $180,000 = $1,800 2% on next $180,000 = $3,600 3% on next $640,000 = $19,200 4% on remaining $1,000,000 = $40,000 Total BSD = $64,600 Use a BSD Calculator to estimate your duty accurately. The ABSD is a tax imposed on top of BSD. It applies based on the buyer's residency status and nationality. ABSD Rates (as of 2025): Buyer Profile ABSD Rate Singapore Citizen (1st home) 0% Singapore PR (1st home) 5% Foreigners (any nationality) 60% Entities (Companies/Trusts) 65% Special Exemptions: Some nationalities are exempt from the 60% ABSD under Free Trade Agreements (e.g., USA, Switzerland, Norway, Liechtenstein). These buyers enjoy the same ABSD rates as Singapore citizens. Example with ABSD: Buying a $2,000,000 condo as a foreigner: ABSD (60%) = $1,200,000 BSD = $64,600 Total Stamp Duty = $1,264,600 This tax burden is significant, and many buyers choose to explore long-term rental or corporate ownership structures to manage it. Aside from stamp duties, buyers should be aware of other fees involved in the transaction: Cost Component Estimated Range Notes Legal/Conveyancing Fees $2,500 – $5,000 Required for title transfer and contracts Property Valuation Report $500 – $1,000 Needed for mortgage processing Mortgage Arrangement Fees 0.5% – 1% of loan amount Varies by bank Home Insurance $300 – $800 annually Depends on coverage Property Agent Fees Usually paid by seller Buyer pays $0 unless agreed otherwise It's wise to keep a 10–15% buffer above the property price for taxes and associated costs. Yes, foreigners can get a mortgage in Singapore, although the terms may differ from locals. Loan-to-Value (LTV) ratio is capped at 75% for the first housing loan for the first housing loan You must pass the Total Debt Servicing Ratio (TDSR) framework—your total monthly debt obligations must not exceed 55% of your gross monthly income framework—your total monthly debt obligations must not exceed of your gross monthly income Banks may require additional documentation like: Proof of overseas income Tax returns Employment contracts Pro Tip: Always get an Approval in Principle (AIP) from your bank before making an offer. This shows sellers you're a serious buyer and gives you clarity on your borrowing limits. Here are some highly sought-after areas favored by foreign investors: Luxury shopping, top schools, and CBD access High-end condominiums with strong rental demand Expat-friendly neighborhoods with greenery and elite schools Near East Coast Park, heritage charm, and a relaxed vibe Emerging condos like Emerald of Katong and The Continuum offer good growth potential Prime CBD area; great for capital appreciation High-yield from executive tenants Foreigners can legally buy private condominiums without approval. Be prepared to pay BSD and up to 60% ABSD. Use online tools like the BSD Calculator to estimate your total tax obligations. Consider financing, legal fees, and maintenance costs in your budget. Choose condo locations wisely for long-term appreciation or rental yield. Despite the steep ABSD, many foreign buyers continue to see value in Singapore's transparent legal framework, low crime rate, and long-term capital stability. For those with a strategic investment horizon or planning to relocate, the rewards can outweigh the initial tax hurdle—especially in prime or undervalued districts. TIME BUSINESS NEWS
Mid East Info
30-04-2025
- Automotive
- Mid East Info
Top 5 Reasons to Choose Jetour SUVs in Abu Dhabi - Middle East Business News and Information
The Jetour brand was launched in 2018. During the event, the brand introduced its first top-of-the-line vehicle, the Jetour X70, a crossover SUV. Since then, the automotive brand has been releasing new vehicles designed to meet the changing needs of modern drivers. At present, Jetour vehicles are regarded as some of the best Chinese cars in Abu Dhabi . If you're in the market for a new SUV, below are the top reasons you should consider this brand: 1. Modern Eye-Catching Designs Jetour SUVs feature designs that don't feel generic; each one is meticulously researched and developed to ensure it stands out. All models give off a luxurious vibe without the hefty price tag. All vehicles boast sharp lines and striking grilles. Their signature LED lighting also makes them more dashing and attention-grabbing. The slim headlights work well with the sculpted body panels, giving each vehicle a sleek, aerodynamic look. The models come with color options that pop and crisp paint finishes. The wheels are also styled to catch your eye; they are large and feature bold patterns that elevate the vehicle's overall presence. The well-thought-out design extends to the vehicle's interior. The cabin looks and feels luxurious but has a welcoming and cozy ambiance. 2. Comfy Interiors Jetour cars are built with comfort in mind . They have cushy seats that are not too soft but provide sufficient ergonomic support. Whether you're in the driver's seat, front passenger seat, or back seat, you won't feel uncomfortable regardless of how long you're in the vehicle. Some models have adjustable and ventilated seats, providing better lumbar support and more comfortable rides. Jetour SUVs boast generous cabin spaces that don't feel cramped , even when the vehicle has a full load. The Jetour X90 Plus , in particular, has enough legroom in all rows for passengers to stretch out. The SUVs also have rear A/C vents, USB ports, and cup holders to make long rides cozier and more convenient for everyone, especially on hot days and long road trips. Each vehicle's dashboard feels uncluttered, and controls are placed where they make sense. There is plenty of storage in the door pockets, center console space, hidden compartments, and the trunk as well. 3. State-of-the-Art Automotive Technology and Safety Features Jetour leads the way in automotive technology that improves comfort and connectivity . These include: Smart infotainment system Remote access and control Mobile interface mirroring and networked applications Wired and wireless connections Universal compatibility with various phone models BSD, RCTA, and DOW features 3D AVM panoramic imaging Jetour cars also have standout automotive safety and security features . All vehicles have automatic emergency braking and lane departure warning. Other models have more advanced systems, such as: Anti-lock braking system with electronic brakeforce distribution (ABS+EBD) Bosch 9.3 electronic stability program (ESP) Traction control system (TCS) and rollover protection system (ROP) Emergency stop signal system (ESS) Hill start assist control (HAC) system Multi-directional airbags Tire pressure monitoring system (TPMS) Certain models also have preventive safety features such as: Front and rear anti-collision steel beams Enhanced collision safety performance Rear energy absorption and rear collision prevention zones Bending-type engine hood design 4. Reliable Performance With Efficient Engines Jetour SUVs boast turbocharged engines that let you handle both city driving and highway cruising . Each vehicle features a suspension that handles bumps well. These SUVs are tuned for comfort but are easy to control when cornering or braking. They have a great steering feel when on the road, and the overall driving experience is easy and stress-free. The engines of Jetour vehicles deliver impressive mileage without affecting performance . As such, you don't have to watch the fuel gauge constantly. Jetour SUVs are perfect when you're dealing with long commutes daily or frequent road trips. The sleek, aerodynamic design and lightweight materials of Jetour SUVs also minimize air resistance and overall weight, which in turn improves their fuel efficiency. 5. Exceptional Customer Service and After-Sales Support Jetour's customer service and sales team in Abu Dhabi have a reputation for being friendly, helpful, and professional. These highly trained professionals are easy to deal with, whether you're scheduling a service or asking about a feature. Their sales team will listen to and understand your requirements and suggest the ideal model that fits your needs and price range. With their help, you can own your dream SUV without going beyond your budget. You can also easily schedule a Jetour test drive through their customer service team or website. When you buy a car from Jetour Abu Dhabi, you'll have access to exclusive deals, including an exceptional 10-year/1 million km warranty. You can enjoy this as long as you meet the terms and conditions. The dealership also provides a variety of complimentary services, including: Roadside assistance and recovery Paint and body repair Car checkup Detailing Window tinting Jetour also offers comprehensive warranty and service packages that allow you to save money. Jetour lets you own a luxury SUV that suits your lifestyle without stretching your budget. These vehicles combine style, comfort, and performance to elevate the experience of everyday drivers.
