Global Driver Monitoring Systems Market Size, Drivers, Trends, Opportunities And Strategies – Includes Driver Monitoring Systems Market Research
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
An increase in road-safety awareness due to the rise in several on-road accidents are expected to drive innovation in driver monitoring systems manufacturing, thus driving the market during the forecast period.
The global driver monitoring systems market is expected to grow from $1.44 billion in 2022 to $1.59 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The global driver monitoring systems market size is expected to grow to $2.34 billion in 2027 at a CAGR of 10.2%.
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Global Driver Monitoring Systems Market Segments Include:
- By Monitoring Type:Driver Alertness/Distraction Monitoring, Driver Fatigue Monitoring, Drunk Driving Monitoring, Identity Recognition
- By Vehicle Type:Passenger Vehicles, Commercial Vehicles
- By Component:Interior Camera, Sensors, Other Components
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global driver monitoring systems market in 2021.
Major Market Players in the driver monitoring systems market include Delphi Automotive PLC., Visteon Corporation, Valeo SA, Continental AG, Robert Bosch GmbH, Seeing Machines, Faurecia, Denso Corporation.
The global driver monitoring system market is experiencing several technological advancements that are expected to boost the market in the forecast period. A rising trend is that prominent OEMs (Original Equipment Manufacturers) and MROs (Maintenance Repair and Overhaul) are developing advanced detection technologies for drivers of vehicles. For instance, Panasonic Corporation has developed a drowsiness-control technology to detect and predict the level of drowsiness of a person, enabling him/her to remain comfortably awake while driving. Similarly, Mercedes-Benz has developed an innovative attention-assistance device that can detect when drivers start to get drowsy and prompt them to stop before it’s too late. Attention Assist monitors the actions of the driver and creates an individual driver profile at the start of each trip, which is then continuously compared with current sensor data.
The Driver Monitoring Systems Global Market Report 2023 provides a driver monitoring systems market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The driver monitoring systems market forecast analyzes driver monitoring systems market size, driver monitoring systems market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Driver monitoring system is a safety device that employs technology to determine whether the person operating the vehicle is alert and focused. This technology makes driving safer for everyone on the road by decreasing driver distraction and boosting focus on the road.
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