Press release
Driver Monitoring Systems Market Size Worth USD 2.39 Billion By 2027
Emergen Research
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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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.
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
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Regional Outlook:
The report offers a comprehensive analysis of the current growth opportunities for various regions of the Driver Monitoring Systems market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Outlook:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Driver Monitoring Systems market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter's Five Forces analysis and SWOT analysis.
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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.
Leading companies operating across the global Driver Monitoring Systems market:
Faurecia
Tata Elxsi
Aptiv PLC
Johnson Controls Inc
Magneti Marelli
Valeo
Continental
Bosch
Visteon
Denso
others.
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