MarketersMEDIA / Newsroom / Global Driver Monitoring Systems Market is expected to reach $2,525.83 million by 2027 growing at a CAGR 15.0% during 2018 to 2027.

Global Driver Monitoring Systems Market is expected to reach $2,525.83 million by 2027 growing at a CAGR 15.0% during 2018 to 2027.

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Some of the key players in Driver Monitoring Systems Market include AG Electronics Inc, Aisin Seiki Co Ltd, Autoliv Inc, Continental AG, Magneti Marelli SpA, Nissan Motor Co Ltd, Robert Bosch GmbH, Seeing Machines, Valeo S.A., Veoneer Inc and Visteon Corporation.

— Some of the key factors propelling the market growth are increasing need to curb road accident fatalities and growing awareness about safe driving. However, high cost of these systems is the restraining factor for the growth of the market.

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Driver monitoring system (DMS) is a vehicle or driver safety system. It is utilized to monitor driver attentiveness through infrared sensors. It contains a CCD camera situated on the steering column that is capable of tracking the eye of the driver. The system cautions the driver through warning sounds and flashing lights if any dangerous situation is detected. The vehicle applies the brakes automatically if the driver does not take action in time. It monitors the driver for indications of inattention or sleepiness by utilizing an infrared LED and a camera. Its features include distraction warning, dozing/drowsiness warning, and facial recognition.

By vehicle type, passenger vehicle segment is expected to grow at the significant market share during the forecast period due to increasing popularity of luxury cars and high demand for advanced driver safety tools which allows these systems to grow at a higher rate. Rise in road accidents owing to driver’s inattentiveness is observed as one of the factor causing the growth of the market.

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On the basis of geography, Europe is anticipated to hold considerable market share during the forecast period owing to increasing automotive industry and high demand for driver safety tools. The government in the region has strengthened the safety regulations regarding integrations of safety tools. Technological advancements in automotive industry are pointed as one of the highly contributing factor in the region.

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Key Components Covered:
• Gas Sensors
• Image Sensors/Cameras
• Infrared Sensors
• Pressure Mats
• Steering Angle Sensors
• Strain Gauges
• Other Key Components

Offering Types Covered:
• Software
• Hardware

Monitoring Types Covered:
• Driver Health Monitoring
• Driver State Monitoring
• Other Monitoring Types

Vehicle Drive Types Covered:
• Electric Vehicle
• IC Engine Vehicle

Vehicle Types Covered:
• Commercial Vehicles
• Passenger Vehicle

Products Covered:
• Active Safety
• Advanced Driver Assistance Systems (ADAS)
• Passive Safety

Applications Covered:
• Biometric Sensors
• Exterior Facing Cameras
• Interior Facing Cameras

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Contact Info:
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Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 88946795

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