Global Driver Monitoring Systems Market Forecast to 2027
The Global Driver Monitoring Systems Market report examines historical and current data, as well as a thorough examination of market dynamics. The report also sheds light on the major market growth driving and restraining factors that are expected to influence market growth over the forecast period. The Global Driver Monitoring Systems Market researches the market scenario to provide growth projections for the Driver Monitoring Systems industry from 2020 to 2027. The report focuses on potential growth opportunities and constraints that industry leaders may face over the course of the forecast timeline. To assist readers in making decisions, the report pays special attention to emerging business components, niche sectors, product launches, and brand promotions that are taking place in the market.
The market for driver monitoring systems is anticipated to grow to $2.39 billion by 2027. The demand for Driver Monitoring Systems is growing as a result of the ongoing advancements in automotive electronics sensors technology and application, growing public concern over traffic accidents, rising demand for auto automation, and drivers’ dependability on long trips, particularly for commercial vehicles.
The main growth drivers for this market are increased use of components like cameras and sensors that track a driver’s attentiveness as well as their degree of vigilance, health, and present condition and alert them if they show any signs of drowsiness or distraction.
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Competitive Terrain:
The global Driver Monitoring Systems industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso
Research Report on the Driver Monitoring Systems Market Addresses the Following Key Questions:
- Who are the dominant players of the Driver Monitoring Systems market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Driver Monitoring Systems market?
- What are the key growth drivers and restraining factors of the Driver Monitoring Systems market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Driver Monitoring Systems market and its key segments?
Market Overview:
The report bifurcates the Driver Monitoring Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Monitoring Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Driver State Monitoring
- Drowsiness & Fatigue Monitoring
- Drunk Driving Monitoring
- Driver Alertness monitoring
- Identity recognition monitoring
- Other Driver state monitoring
- Driver Health monitoring
- Blood pressure monitoring
- Body temperature monitoring
- Pulse rate monitoring
- Heart beat monitoring
- Other Driver health monitoring
- Driver State Monitoring
- Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Interior Camera
- Sensors
- Biometric Sensors
- Gas Sensors
- Pressure Mats
- Steering Angle sensors
- Other Sensors
- Other Components
- Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Electric Vehicles
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Gasoline Powered
- Electric Vehicles
Regional Landscape section of the Driver Monitoring Systems report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest
- An Israel based company called Eyesight Technologies makes use of embedded computer vision and artificial intelligence (AI) solutions in order to provide the driver monitoring capabilities. The company`s driver monitoring solutions called ‘Drive Sense’ tracks down the head position of the driver, eye blink rate, gaze vector, and other visual attributes in order to detect distraction or any signs of drowsiness of the driver.
- The driver monitoring system (DMS) market is anticipated to register significant growth in the Asia Pacific region. The increasing incidence of road accidents and rise in the popularity and demand for luxury cars are expected to generate new opportunities in the Asia Pacific market. Moreover, the technological developments in automobile ambitious countries such as Japan, India and China would foster the demand for driver monitoring system (DMS) in the region.
- In January 2019, Eyesight Technologies, a company dealing in the AI computer vision, demonstrated its Driver Sense technology. This solution was awarded the Excellence award for promoting trade relations between Israel and Japan.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Driver Monitoring Systems market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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