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iCrowdNewswire Dec 29, 2020 5:00 PM ET

Global Automotive Driver State Monitoring Systems Market can grow at 10.04% CAGR between 2017 and 2023 due to growing need for driver safety


Global Automotive Driver State Monitoring Systems Market can grow at 10.04% CAGR between 2017 and 2023 due to growing need for driver safety

iCrowd Newswire - Dec 29, 2020

Driver state monitoring systems are defined as systems that collect recognizable information about the driver for evaluating the capability of the driver to perform the driving task safely. Market Research Future (MRFR) has published a research report on the global automotive driver state monitoring systems market that considers an increase for this market at 10.04% CAGR (Compound Annual Growth Rate) between 2017 and 2023.

The momentous factors helping the global automotive driver state monitoring systems market growth include the need for driver safety. Other factors supporting the market growth include need to understand and adjust to the driving conditions, availability of customization technology, growth in the automotive industry, need for distraction detection or drowsiness detection systems, government regulations regarding vehicle safety, and increased adoption of safety features in the vehicle.

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The global automotive driver state monitoring systems market has been segmented on the basis of component, technology, vehicle type, and lastly, region. The component-based segmentation segments this market into the camera, crash resistant steel cabins, and sensors. During the forecast period, the sensor segment can grow at 10.66% CAGR.

By vehicle type, the market can be segmented into passenger vehicle and commercial vehicle. The passenger vehicle is for personal use. The commercial vehicle is used for transferring goods from one place to another for business purposes. Passenger vehicle segment holds the larger market share due to various factors including the growth of investment for production cost reduction, high preference for integrating improved technologies, increase in competition in the automotive industry, and growth in the demand for safety-related systems. The passenger car segment has been anticipated to grow at 9.60% CAGR during the forecast period.

Based on technology, the market segmentation covers blink monitoring, heart rate monitoring, facial recognition/head movement, pre-collision system, and steering angle sensor & lane departure warning. During the forecast period, the facial recognition/head movement is expected to grow at 10.60% CAGR.

The regional segmentation of the global automotive driver state monitoring systems market has segmented the market into regional markets known as Asia Pacific, North America, South America, Europe, and the Middle East & Africa (MEA). In North America, the market is strong due to the high purchasing power of people, technological advancement, the presence of key market players in this region, the rise in the number of on-road accidents caused by driver drowsiness and distraction, the growth of automotive industry, and the introduction of stricter regulations. The imperative country-specific markets in this region are the USA and Canada.

The market in South America is limited because the availability of advanced technology is limited in this region. Argentina and Brazil are two important economies that have the potential to rise as lucrative markets in the future.

In Europe, the market is growing due to the reasons the same as in North America. In this region, the maximum revenue comes from France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Europe.

In the Asia Pacific region, the market is growing due to the growing urban population, changing lifestyle, rising automotive industry in this region, growing personal disposable income, and growing awareness about driver safety systems. The necessary country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

In MEA countries, the market is minimal because most countries being poor, lack of awareness, lack of education, lack of right infrastructure, lack of skilled professionals and lack of technological advancement.

Key Players

The key players in the global automotive driver state monitoring systems market include Aisin Seiki Corporation Limited (Japan), Aptiv (UK), Caterpillar Inc. (USA), Continental AG (Germany), Denso Corporation (Japan), Edge3 (USA), Ficosa International SA (Portugal), Harman International Industries Inc. (USA), Robert Bosch (Germany), Seeing Machine (Australia), Takata Corporation (Japan), Tobii Technology (Sweden), Valeo (France), Visteon Corporation (USA), and Xilinx (USA).

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Key Questions Addressed by the Report

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com

Browse Complete Report – https://www.marketresearchfuture.com/reports/automotive-driver-state-monitoring-systems-market-5652

Contact Information:

+1 646 845 9312






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