Driver Monitoring Systems Market to Enjoy Explosive Growth by 2027

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.

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Key Market Competitors

The global Driver Monitoring Systems industry is widely fragmented due to the presence of numerous competitors across several regional and local segments of the market. These players are said to dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies operating in this market are in high competition with one another in terms of technological capabilities, product development and innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso, among others.

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 Segmentation:

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
      1. Drowsiness & Fatigue Monitoring
      2. Drunk Driving Monitoring
      3. Driver Alertness monitoring
      4. Identity recognition monitoring
      5. Other Driver state monitoring
    • Driver Health monitoring
      1. Blood pressure monitoring
      2. Body temperature monitoring
      3. Pulse rate monitoring
      4. Heart beat monitoring
      5. Other Driver health monitoring
    • Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
      • Interior Camera
      • Sensors
        1. Biometric Sensors
        2. Gas Sensors
        3. Pressure Mats
        4. Steering Angle sensors
        5. Other Sensors
      • Other Components
    • Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
      • Electric Vehicles
        1. Battery Electric Vehicle
        2. Fuel Cell Electric Vehicle
        3. Hybrid Electric Vehicle
        4. 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

Regions Covered in This Report:

  1. North America(U.S., Mexico, and Canada)
  2. Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
  3. Europe(U.K., Germany, France, and Rest of Europe)
  4. Latin America(Brazil and Rest of Latin America)
  5. Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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Key Factors influencing market remuneration:

  • The global Driver Monitoring Systems market report includes a detailed study of the product spectrum of the market and further describes the different product types, including One-sided, Two-sided, and Others.
  • The report zeroes in on the overall market dynamics and presents information with regard to the producers and distributors, manufacturing cost structure, and downstream buyers.
  • Details pertaining to the expected growth rate, industry share, revenue accumulated, and product segmentation are depicted in this report.
  • The application landscape of the global Driver Monitoring Systems market can be categorized into For Human, For Animals, and Others.
  • The study further examines the industry share and product demand of each application, coupled with the predicted growth patterns of the various application segments.
  • Other vital factors, such as market concentration ratio and raw material processing rate, have also been covered under the latest study.

Table of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Driver Monitoring Systems Market Segmentation & Impact Analysis
4.1. Driver Monitoring Systems Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising Demand for Occupant Safety in Vehicles
4.2.2.2. Increasing Stringency of Safety Regulations in Road
4.2.2.3. Rise in the sales of premium vehicles
4.2.2.4. Rise In Competition Among Automakers To Offer Product Differentiating Factors
4.2.3. Market restraints analysis
4.2.3.1. Cyber security pertaining to automotive software systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

READ MORE…!

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