Driver Monitoring Systems Market Forecast to 2027

The Global Driver Monitoring Systems Market is projected to reach USD 2.39 billion in 2027. The continual development in automotive electronics sensors application and technology, the rising concern for road accidents, increasing demand of automation in automobiles, and drivers’ consistency while in long journey for the commercial vehicles especially are boosting the demand of Driver Monitoring Systems market.

Additionally, researchers have closely examined the significant changes in the market following the coronavirus outbreak. This is the latest report examining the economic situation of the Driver Monitoring Systems industry after the current pandemic. The COVID-19 pandemic has significantly changed various aspects of the global Driver Monitoring Systems market scenario. The latest report provides a comprehensive COVID-19 impact analysis of the market, helping readers to know about the significant impact of the outbreak on the current and future scenarios of this business.

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Some Key Highlights of the Report:

• 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.

The global Driver Monitoring Systems market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Driver Monitoring Systems industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

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List of Key Players Mentioned in the Driver Monitoring Systems Market Research Report:

Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Market Overview:

The report bifurcates the Driver Monitoring Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Monitoring Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Driver State Monitoring
    1. Drowsiness & Fatigue Monitoring
    2. Drunk Driving Monitoring
    3. Driver Alertness monitoring
    4. Identity recognition monitoring
    5. Other Driver state monitoring
  • Driver Health monitoring
    1. Blood pressure monitoring
    2. Body temperature monitoring
    3. Pulse rate monitoring
    4. Heart beat monitoring
    5. Other Driver health monitoring

• Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Interior Camera
  • Sensors
    1. Biometric Sensors
    2. Gas Sensors
    3. Pressure Mats
    4. Steering Angle sensors
    5. Other Sensors
  • Other Components

• Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Electric Vehicles
    1. Battery Electric Vehicle
    2. Fuel Cell Electric Vehicle
    3. Hybrid Electric Vehicle
    4. Plug-in Hybrid Electric Vehicle
  • Gasoline Powered

Regional Analysis Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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