Global Driver Monitoring Systems Market Research Report and Forecast to 2027 is an in-depth study of the global Driver Monitoring Systems Market, including market size, market share, current and emerging trends, and the most recent technological developments. The report also provides insight into the global and regional competitive landscape of the Driver Monitoring Systems Market, as well as a detailed forecast to 2027. The impact of the COVID-19 pandemic on the Driver Monitoring Systems Market has been updated in the new report. It examines the pandemic's impact on the economic landscape and government regulations in each region. It also investigates the supply chain disruptions and economic volatility caused by the pandemic and provides a current and prospective outlook.
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 major growth drivers for this market include increased use of components such cameras and sensors that track the driver's alertness, degree of vigilance, health, and present status and inform the driver when they detect indicators of distraction or drowsiness. Additionally, increasing the use of DMS for driver identification and control tasks using the eyes would increase safety and improve the usability of the new generation of driver assistance features as well as significantly contribute to market growth.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Driver Monitoring Systems market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Driver Monitoring Systems market and pinpoint the fundamental growth trends.
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
Global Driver Monitoring Systems Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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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.
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
- 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
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Key reasons to buy the Global Driver Monitoring Systems Market report:
- The latest report comprehensively studies the global Driver Monitoring Systems market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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