Press release
Driver Monitoring Systems Market Set to Reach $2.77 Billion by 2029 with 10% Yearly Growth
Driver Monitoring Systems
The escalation in road safety consciousness, motivated by the increasing instances of on-road mishaps due to drivers' exhaustion and diversion, is the primary factor contributing to the growth of the driver monitoring systems (DMS) market. As per a 2022 report by the World Health Organization (WHO), roughly 1.3 million people succumb annually due to road traffic collisions. More than half of all road traffic deaths involve vulnerable road users such as pedestrians, cyclists, and motorcyclists. Around 93% of worldwide road deaths happen in low- to middle-income nations. Road traffic incidents place a financial strain, costing most nations about 3% of their GDP. The significance of DMS is expanding owing to the escalating necessity to comprehend and adapt to driving situations, and to minimize accidents. The growth in road mishaps due to fatigue, diversion, and the driver's lack of alertness, in conjunction with drunk driving, is boosting the driver monitoring systems market's remarkable growth.
Get Your Driver Monitoring Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/driver-monitoring-systems-global-market-report
What growth opportunities are expected to drive the driver monitoring systems market's CAGR through 2034?
The market for driver monitoring systems has seen an impressive growth in recent years. There will be a sizeable increase from $1.73 billion in 2024 to $1.89 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. Factors that contributed to the growth in the historic period include the rising vehicle safety standards, growing focus on road safety, advances in AI and machine learning, incorporation into advanced driver assistance systems (ADAS), progress in the automotive industry, and company efforts towards fleet safety.
The market for driver monitoring systems is anticipated to experience rapid expansion in the coming years. It's projected to increase to $2.77 billion by 2029, with a compound annual growth rate (CAGR) of 10.0%. Factors contributing to growth during this period include collaborations with the insurance industry, liability reduction for original equipment manufacturers (OEMs), an uptick in demand for in-cabin monitoring, the rise of personalized safety features, and automotive fleet management expansion. Key trends anticipated for this period include AI-driven predictive analysis, designs centered around privacy, in-car camera systems, features for health monitoring, real-time feedback and alerts for drivers, and integration of biometric authentication.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3077&type=smp
What are the emerging trends shaping the future of the driver monitoring systems market?
In the forecast period, the global driver monitoring systems market is predicted to grow due to various technological advancements. The current trend showcases leading OEMs (Original Equipment Manufacturers) and MROs (Maintenance Repair and Overhaul) pioneering advanced detection technologies specifically designed for vehicle drivers. For example, Panasonic Corporation has launched a technology to control drowsiness by detecting and estimating a person's level of fatigue, thereby enhancing comfort and safety while driving. Likewise, Mercedes-Benz has introduced an attention-assistance device that identifies signs of drowsiness in drivers and alerts them to halt before accidents occur. The Attention Assist technology builds a unique driver profile at the commencement of each journey and persistently contrasts it with the ongoing sensor data.
Which growth-oriented segments of the driver monitoring systems market are leading the industry's development?
The driver monitoring systems market covered in this report is segmented -
1) By Component: Interior Camera, Sensors, Other Components
2) By Monitoring Type: Driver Alertness Or Distraction Monitoring, Driver Fatigue Monitoring, Drunk Driving Monitoring, Identity Recognition
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
Subsegments:
1) By Interior Camera: Infrared Cameras, RGB Cameras, Depth Cameras
2) By Sensors: Eye Tracking Sensors, Facial Recognition Sensors, Heart Rate Sensors
3) By Other Components: Display Units, Control Units, Data Processing Units
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3077
What regions are leading the charge in the driver monitoring systems market?
Asia-Pacific was the largest region in the driver monitoring systems market in 2024. North America was the second largest region in the global driver monitoring systems market share. The regions covered in the driver monitoring systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the driver monitoring systems market?
Major companies operating in the driver monitoring systems market include Ford Motor Co., Robert Bosch GmbH, Hitachi Ltd., Panasonic Corporation, ZF Friedrichshafen AG, Continental AG, Magna International, Aisin Seiki Corporation Limited, Magneti Marelli S.p.A, Faurecia SE, NVIDIA Corporation, Valeo SA, Texas Instruments Inc., Aptiv plc, Delphi Automotive plc, Intel Corporation, Renesas Electronics Corporation, DENSO Corporation, Autoliv Inc., Visteon Corporation, Veoneer Inc., Netradyne Technology India Pvt. Ltd., Mobileye N.V, Tata Elxsi Ltd., Plessey Semiconductors Ltd., Seeing Machines, Stonkam Co. Ltd., Cipia Vision Ltd., Jungo Connectivity Ltd., Fastree3D, UES Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=3077&type=smp
What Is Covered In The Driver Monitoring Systems Global Market Report?
•Market Size Forecast: Examine the driver monitoring systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the driver monitoring systems market for a structured understanding.
•Key Players Overview: Analyze major players in the driver monitoring systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the driver monitoring systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the driver monitoring systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the driver monitoring systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the driver monitoring systems market.
•Competitive Landscape: Review strategic developments in the driver monitoring systems market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Monitoring Systems Market Set to Reach $2.77 Billion by 2029 with 10% Yearly Growth here
News-ID: 3908380 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Monitoring
Bed Monitoring & Baby Monitoring Systems Market Report 2024 - Market Growth And …
"The Business Research Company recently released a comprehensive report on the Global Bed Monitoring System & Baby Monitoring System Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting?…
Veterinary Patient Monitoring Equipment Market Report 2024| By Product Cardiac M …
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Veterinary Patient Monitoring Equipment Global Market Report 2023 identifies diseases as the major driver for the Veterinary Patient Monitoring Equipment market's growth in the forecast period. An increase in the prevalence rate of diseases among animals serves as one of the major drivers…
Patient Monitoring Device Market by Product Type (Blood Glucose Monitoring, Hemo …
Patient Monitoring Device Market size was valued at US$ 33.57 Bn in 2021 and the total revenue is expected to grow at 8.6 % through 2023 to 2032, reaching nearly US$ 64.96 Bn in the forecast period.
Patient Monitoring Device Market Overview
A type of monitoring machine with a wireless future is a patient monitoring device or system. With the use of a digital device that enables wireless data transfer between…
Hiring Network Monitoring Service Vs Network Monitoring Tools
An organization might have a stable business or is on the growth path, it is absolutely normal to have a dilemma over choosing in between hiring a network monitoring service or install a few tools for network monitoring. While your business is picking up speed with improving cyber and network technology, there is no way you can ignore the strength of network monitoring service or tools for a smooth functioning…
Hiring Network Monitoring Service Vs Network Monitoring Tools
An organization might have a stable business or is on the growth path, it is absolutely normal to have a dilemma over choosing in between hiring a network monitoring service or install a few tools for network monitoring. While your business is picking up speed with improving cyber and network technology, there is no way you can ignore the strength of network monitoring service or tools for a smooth functioning…
Home Security Monitoring Market Report 2018: Segmentation by Type (Carbon Monoxi …
Global Home Security Monitoring market research report provides company profile for Guardian Alarm, Rosslare Security, McAfee (Intel Security), LifeShield Home Security, SimpliSafe, Blue Ridge, ADT, Protect America, Schneider Electric, Honeywell and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
