Press release
Trending Now: Driver Monitoring Systems Market Estimated To Experience A Hike In Growth Global Industry Size, Growth, Segments, Manufacturers
The Business Research Company
The global driver monitoring system market is expected to grow from $0.99 billion in 2019 and to $1.01 billion in 2020 at a growth rate of 2.29%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $1.45 billion in 2023 at CAGR of 12.64%.
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The driver monitoring system market consists of sales of driver monitoring systems which is used to collect recognizable information about the driver for assessing the capability of the driver to perform the driving task safely. The market consists of revenue generated by the driver monitoring system companies manufacturing the driver manufacturing systems such as Facial Recognition/ Head Movement, heart rate monitoring, blink monitoring, steering angle sensor and a pre-collision system.
The high cost of these systems ultimately increases the overall cost of cars and reduces the interests of car owners to adopt such systems. Additionally, complex installation procedures for driver monitoring systems is also a major factor that is expected to restrain the growth of the global driver monitoring system market over the forecast period.
Driver Monitoring Systems Market Segmentation: -
By Type
1. Driver Alertness/Distraction Monitoring
2. Driver Fatigue Monitoring
3. Drunk Driving Monitoring
4. Identity Recognition
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Few Points From Table Of Content
1. Executive Summary
2. Driver Monitoring Systems Market Characteristics
3. Driver Monitoring Systems Market Size And Growth
4. Driver Monitoring Systems Market Segmentation
5. Driver Monitoring Systems Market Regional And Country Analysis
......
25. Driver Monitoring Systems Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Driver Monitoring Systems Market
27. Driver Monitoring Systems Market Trends And Strategies
28. Driver Monitoring Systems Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the driver monitoring system market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the driver monitoring system market are Delphi Automotive PLC, Visteon Corporation, Valeo SA, Continental AG, , Robert Bosch GmbH, , Seeing Machines, Faurecia, DENSO Corporation, Magna International, Aisin Seiki Corporation Limited,
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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