The Global Driver Monitoring Systems Market is projected to reach USD 2.39 billion in 2027. The continual development in automotive electronics sensors application and technology, the rising concern for road accidents, increasing demand of automation in automobiles, and drivers’ consistency while in long journey for the commercial vehicles especially are boosting the demand of Driver Monitoring Systems market.
Higher usage of the components like camera and sensors which monitor the alertness of the driver as well as checks his or her level of vigilance, health, current state and warns the driver a signs of drowsiness or distraction is monitored, are the primary growth propellers for this market. Additionally, growing usage of DMS for driver identification and control functions using the eyes will contribute to more safety and better intuitive use of the new generation of driver assistance functions and help grow the market remarkably.
The need for driver monitoring is rising not only in the passenger vehicle segment but also in the commercial vehicle segment, wherein challenges are more significant as compared with the passenger segment. Apart from all of the above-mentioned concerns, drivers are also working long hours, many a time more than what is advised or specified.
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Based on the competitive landscape, the market report analyses the key companies operating in the industry:
Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso, among others.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Driver Monitoring Systems market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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.
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For the purpose of this report, Emergen Research has segmented into the global Driver Monitoring Systems Market on the basis of Monitoring Type, Component, Propulsion, Instrument, Vehicle Type, and region:
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
Instrument Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Software
- Hardware
Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Commercial vehicle
- Passenger vehicle
The study segments the Driver Monitoring Systems industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2020 – 2027 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Driver Monitoring Systems market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Driver Monitoring Systems market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Driver Monitoring Systems market.
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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