Growing
technological advancements in automotive industry, rising need to curb road accidents, and government rules and regulations
to fuel global driver
monitoring system market through 2024
According to TechSci Research report, “Global Driver Monitoring System Market By Vehicle Type, By Monitoring Type, By Offering
Type, By Component, By Region, Competition, Forecast & Opportunities, 2017
- 2024”, driver monitoring system market, globally, is projected to grow at a
CAGR of over 13% during 2019 - 2024, backed by increasing technological
advancements in the automotive industry across the globe. Growing integration
of driver monitoring systems in passenger cars and commercial vehicles by
several automobile manufacturers can be attributed to the rising need to curb
injuries and fatalities in road accidents. Moreover, expanding fleet of commercial
vehicles is expected to push the demand for driver monitoring systems capable
of tracking the drowsiness of truck drivers who drive for long hours at a stretch.
Browse 2 market data Tables
and 150 Figures spread through 183 Pages and an
in-depth TOC on "Global Driver Monitoring System Market"
Accounting for nearly half of the global market,
North America driver monitoring system market is being driven by increasing research
& development activities and rising need for these systems to help prevent
road accidents and injuries across the region. Moreover, growing sales of
autonomous vehicles are further aiding the region’s driver monitoring system
market, as the technology plays an important role in autonomous vehicles.
Key players operating in global driver monitoring system market
like Continental AG, DENSO Corporation, Delphi Automotive PLC, Valeo
S.A. and Robert Bosch GmbH are continuously working to develop more affordable
and advanced products to further boost their customer base. On the other hand,
many start-ups are also continuously working to intensify their business
operations by enhancing the quality and portfolio of their products. Several driver monitoring system manufacturers
are investing heavily in research & development activities, while various
others are investing intensively to expand the reach and availability of their
products across the globe.
Customers can also request for 10% free customization
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“With growing
concerns regarding road accidents, driver monitoring systems are emerging as a promising
product to help reduce road accidents related injuries and fatalities. Driver
monitoring systems observe driver’s driving habits and monitor hand and head
movements to identify the driver’s fatigue level and drowsiness level. With continuous technological advancements, driver
monitoring system quality and reliability is anticipated to increase and become
much better during the forecast period, thereby making it a preferred feature
in automobiles in coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Driver Monitoring System Market By Vehicle Type, By Monitoring Type, By Offering
Type, By Component, By Region, Competition, Forecast & Opportunities, 2017 -
2024” has analyzed the potential of driver monitoring system market, globally, and
provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyses emerging trends along with essential
drivers and key challenges faced by driver monitoring system market across the globe.
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- Global In-Vehicle Infotainment Market By Vehicle Type (Passenger Car Vs. Commercial Vehicle), By System Type (Audio, Audio/Video & Others), By Sales Type (OEM Vs. Replacement), By Region, Competition Forecast & Opportunities, 2012 – 2022:https://www.techsciresearch.com/report/in-vehicle-infotainment-market/2082.html
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