Global Automotive Driver State Monitoring Systems Market, By Technology (Heart Rate Monitoring, Facial Recognition, Others), Component (Sensors, Camera, Crash Resistant Steel Cabins), Vehicle Type (Passenger Vehicle, Commercial Vehicle) – Industry Trends and Forecast to 2029
Market Analysis and Size
Automotive driver state monitoring systems has acquired high relevance in the automobile sector as it ensures that the driver is prepared to take control of the vehicle in case of an accident. These monitoring systems are being highly considered to understand the condition of the driver and deliver a tailored environment specific.
Global Automotive Driver State Monitoring Systems Market was valued at USD 1.14 billion in 2021 and is expected to reach USD 2.95 billion by 2029, registering a CAGR of 10.30% during the forecast period of 2022-2029. Passenger Vehicle accounts for the largest vehicle type segment owing to the consumer preference towards economic vehicle options. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Automotive driver state monitoring systems refer to the systems that include camera-based driver monitoring systems (DMS). These systems assist in providing a real-time evaluation of the presence and the state of the driver. These monitoring systems deliver alerts to the driver, and also initiate an intervention in order to manage the control of the vehicle.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Technology (Heart Rate Monitoring, Facial Recognition, Others), Component (Sensors, Camera, Crash Resistant Steel Cabins), Vehicle Type (Passenger Vehicle, Commercial Vehicle)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Aptiv. (Ireland), Caterpillar. (US), Continental AG (Germany), Tobii AB (Sweden), Ficosa International SA (Portugal), HARMAN International. (U.S.), Robert Bosch GmbH (Germany), Valeo (France), Seeing Machines. (Australia), Visteon Corporation. (US), AISIN CORPORATION (Japan), DENSO CORPORATION. (Japan), EDGE3 Technologies (US), and Advanced Micro Devices, Inc (US) are among others
|
|
Market Opportunities
|
|
Automotive Driver State Monitoring Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Road Safety
The rise in awareness regarding road safety among consumers acts as one of the major factor driving the growth of automotive driver state monitoring systems market. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.
- High End Luxury Cars
The increase in the sales of high end luxury cars is accelerating the growth of the market. The surge in disposable income is escalating demand for high end luxury cars among population throughout the world. The rise in the demand for high performance and reliability of automobiles among consumers drives the market growth.
- High Demand for Passenger Vehicles
The increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries further influence the market. Consumers are also inclining towards these vehicles due to the availability of economic options in these vehicles.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive driver state monitoring systems market.
Opportunities
Furthermore, introduction of 5G technology into vehicle connectivity extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in new customer segment across diverse industry verticals will further escalate the growth of night vision system and driver monitoring system market.
Restraints/Challenges faced by the Automotive Driver State Monitoring Systems Market
On the other hand, high cost associated with the installation and failure of GPS and cellular-based trackers are expected to obstruct market growth. Also, lack of awareness among the consumer is projected to challenge the automotive driver state monitoring systems market in the forecast period of 2022-2029.
This automotive driver state monitoring systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive driver state monitoring systems market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Automotive Driver State Monitoring Systems Market
COVID-19 had a negative impact on the global automotive driver state monitoring systems market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for vehicle tracking hardware and managing software has increased to manage and cater to the continuous supply of essentials in the post pandemic scenario.
Recent Developments
- Sensata Technologies launched 2-in-1 Dashcam for Fleets and Trucks in May’2022. These dashcams allow commercial fleets in easily upgrading from road-facing to combined road-facing/driver-facing dashcams.
Global Automotive Driver State Monitoring Systems Market Scope
The automotive driver state monitoring systems market is segmented on the basis of technology, component and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Heart Rate Monitoring
- Facial Recognition
- Others
Component
- Sensors
- Camera
- Crash Resistant Steel Cabins
Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Automotive Driver State Monitoring Systems Market Regional Analysis/Insights
The automotive driver state monitoring systems market is analyzed and market size insights and trends are provided by country, technology, component and vehicle type as referenced above.
The countries covered in the automotive driver state monitoring systems market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive driver state monitoring systems market because of the rise in number of on-road accidents caused by driver drowsiness and distraction within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surge in automotive production in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Driver State Monitoring Systems Market Share Analysis
The automotive driver state monitoring systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive driver state monitoring systems market.
Some of the major players operating in the automotive driver state monitoring systems market are
- Aptiv. (Ireland)
- Caterpillar. (US)
- Continental AG (Germany)
- Tobii AB (Sweden)
- Ficosa International SA (Portugal)
- HARMAN International. (U.S.)
- Robert Bosch GmbH (Germany)
- Valeo (France)
- Seeing Machines. (Australia)
- Visteon Corporation. (US)
- AISIN CORPORATION (Japan)
- DENSO CORPORATION. (Japan)
- EDGE3 Technologies (US)
- Advanced Micro Devices, Inc (US)
SKU-