Driver Monitoring Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Driver Monitoring Systems market is accounted for $718 million in 2018 and is expected to reach $2525.83 million by 2027 growing at a CAGR of 15% during the forecast period. 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.
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. 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.
Some of the key players in Driver Monitoring Systems Market include AG Electronics Inc, Aisin Seiki Co Ltd, Autoliv Inc, Continental AG, Delphi Automotive PLC, DENSO Corporation, Jabil Inc, Johnson Controls Inc, Magneti Marelli SpA, Nissan Motor Co Ltd, Robert Bosch GmbH, Seeing Machines, Sumitomo Riko Company Ltd, Valeo S.A., Veoneer Inc and Visteon Corporation.
Key Components Covered:
• Gas Sensors
• Image Sensors/Cameras
• Infrared Sensors
• Pressure Mats
• Steering Angle Sensors
• Strain Gauges
• Other Key Components
Offering Types Covered:
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
• Active Safety
• Advanced Driver Assistance Systems (ADAS)
• Passive Safety
• Biometric Sensors
• Exterior Facing Cameras
• Interior Facing Cameras
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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