openPR Logo
Press release

Driver Alert System is expected to rise at a CAGR of over 14% between 2020 and 2030 - States Fact.MR

04-05-2021 08:37 AM CET | Tourism, Cars, Traffic

Press release from: Fact.MR

Driver Alert System Market

Driver Alert System Market

According to a new study by Fact.MR, the rising demand for greater automotive safety will enable growth in the driver alert system market at above 14% CAGR between 2020 and 2030.

Innovations in the field of advanced driver assistance systems (ADAS) is expected to create an environment conducive to the growth of the market.

To get in-depth information view the report - https://www.factmr.com/report/5360/driver-alert-system-market

The World Health Organization (WHO) has stated that nearly 1.35 million people across the world died in road accident in 2018.

The WHO also further identifies road injuries among leading causes of deaths among people aged between 5 and 29 years.

Some of the leading car makers are introducing cutting-edge technologies in their vehicles to curb this incidence.

Spurred by these factors, sales recorded in the driver assistance systems market is surging at an impressive pace. Fact MR’s study on the market provides insights into various growth drivers.

To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=5360

It also gauges the investment feasibility across key segment. Some of the key takeaways from the report are highlighted below:

Key Takeaways

The sound alert system segment is expected remain lucrative in terms of alert

Adoption of driver alert systems in fatigue prevention continues to gain traction

Passenger vehicle is expected to remain lucrative in terms of vehicle throughout the forecast period
Asia Pacific will emerge as a lucrative market for driver alert systems

In terms of propulsion, gasoline is expected to emerge as the key segment in terms of propulsion
Component-wise, sensors will lead the market through the forecast period

Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=5360

“The advances in advanced driver assistance systems (ADAS) in response to the surging demand for semi-autonomous vehicles has been creating growth opportunities for the driver alert systems market. These systems are expected to become pre-requisite for self-driving cars in future,” said a Fact.MR analyst.

Increasing Demand for ADAS Steering Growth

With the rapidly evolving automotive industry, the demand for various ADAS such as driver connective solutions, weather alerts, safety alerts, and others is increasing exponentially.

Driver alert systems, being an integral part of ADAS, have emerged as a highly sought-after technology especially with rising focus on curbing the incidence of road accidents.

Driver alert system is gaining traction not only in luxury vehicles segment, but also in small and medium sized vehicles categories.

The increase in demand for passenger vehicles, coupled with the diverse applications of sensors, starting from disaster to road safety alerts, is creating prospects for growth of the market.

Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/5360/S

COVID-19 Impact

The COVID-19 outbreak in the current year has impacted the global driver alert systems market negatively due to several factors such as closing down of manufacturing units during the lock down period, scarcity of raw materials, unavailability of labors, financial constraints, decrease in market demand, disrupted logistics service, non-operational supply chain, and others.

Despite temporary lull witnessed due to the pandemic outbreak, the driver alert systems market is projected to recover its rate of growth in the coming years.

Visit Our Website - https://www.factmr.com/

Content Source – https://www.factmr.com/media-release/1738/global-driver-alert-system-market

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Driver Alert System is expected to rise at a CAGR of over 14% between 2020 and 2030 - States Fact.MR here

News-ID: 2265706 • Views: 204

More Releases from Fact.MR

04-21-2021 | Health & Medicine
Fact.MR
Diagnosis of Epithelial Tumors to Hold 90% Share in the Global Ovarian Cancer Di …
As scientists in cancer research organizations continue to develop more advanced diagnosis tests for ovarian cancer, medical device manufacturers are expected to face challenges in adapting to such changes. In the long run, the demand for ovarian cancer diagnostics is expected to gain traction, on the account of rising awareness of ovarian cancer symptoms and higher adoption of screening tests as a preventive measure. For detailed insights on enhancing your product
Lithium Carbonate Market Boosting the Growth Worldwide at a CAGR of 11 % from 20 …
Lithium carbonate is one of the key materials for the manufacturing of li-Ion batteries for electric vehicles, an industry that has been rapidly growing over the years. This growing demand has proportionately boosted the revenues of manufacturers during the historical period, until landslide policies were proposed by the Chinese government to slash subsidies on EVs, which adversely affected the demand for lithium carbonate in EV applications. Steady demand has been
Trail Camera Market will register over 4% CAGR during the forecast period 2021-2 …
Rise in biological research and wildlife management projects to capture images that will help in making evidence-based decisions is pushing demand for trail camera northwards. Another major growth factor is consumers prioritizing security across different industries and even residential buildings. Activities such as large-scale farming require these trail cameras to keep an eye on potential threats and take preventive measures accordingly. To get in-depth information view the report @ https://www.factmr.com/report/1380/trail-camera-market The market is
Electric Trolling Motors Market to Grow at CAGR of 3.2 % through 2030 to reach a …
The global electric trolling motors market is expected to surpass a value of US$ 546 Mn by 2020-end, and expand at a CAGR of 3.2% during the forecast period (2020-2030). The rampant spread of COVID-19 is resulting in declining sales, as a number of anglers are staying indoors, which ultimately impacts the sales of electric trolling motors. To maintain business continuity during this crisis, manufacturers are utilizing digital technologies and

All 5 Releases


More Releases for Driver

Global Speaker Driver Market Analysis (2020-2025)
Global Info Research offers a latest published report on Speaker Driver Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Speaker Driver Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/reports/513524/speaker-driver Market
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global Driver Safety Systems Market
Global Driver Safety Systems Market was valued at US$ 23.02Bn in 2017 and is expected to reach US$ 102.10Bn by 2026, at a CAGR of 20.46% during a forecast period. Driver safety systems have been around for a long time, and they have already proven time and time again to result in an improved driving experience or better overall road safety. Major driving factors of the Driver Safety Systems market are crucial
Global Advanced Driver Assistance System (ADAS) Market
Global Advanced Driver Assistance System (ADAS) Market – Industry Analysis and Forecast (2017-2026) – By Technology, Sensor, Vehicle, Distribution Channel and Region. Global Advanced Driver Assistance System (ADAS) Market was valued US$ 23.2 Bn in 2017 and is expected to reach US$ 89.8 Bn by 2026, at a CAGR of 18.43 % during the forecast period. Rising traffic safety issues coupled with encouraging monitoring standards regarding the installation of these systems will
Delphin Offers Extensive Driver Development
Let Delphin Develop Your Application! For flexible use in many different measurement applications, communication between Delphin data loggers and third-party ICA technology is possible using standard protocols. The communication interfaces in Delphin ProfiSignal software and hardware provide a multitude of options for exchanging data. CAS DataLoggers distributes Delphin dataloggers in the US--just contact us at 1-800-956-4437 if you have questions about connecting an ICA system to Delphin hardware or software.
EU project DRIVER successfully launched
37 organisations, will jointly develop solutions for improved crisis management in Europe The European Union’s new demonstration project, DRIVER (Driving Innovation in Crisis Management for European Resilience) was successfully launched in May 2014. This project, gathering the expertise of 37 organisations, will jointly develop solutions for improved crisis management. A distributed pan-European test-bed will be built for experimentation and testing and the most useful new tools will be collected in a