Automotive Driver State Monitoring Systems
Market Outlook Overview:
Market Research Future (MRFR) projects the
global Automotive
Driver State Monitoring Systems Market Outlook to expand at a significant pace from 2022 to 2030
(forecast period).
Driver State Monitoring Systems are systems that
collect recognized information about the driver in order to assess the driver's
ability to perform the driving task safely. The importance of the systems is
growing as a result of the necessity to comprehend and adapt to changing
driving conditions. Driver state monitoring systems are often custom-built for
a single purpose, such as distraction detection or drowsiness detection
systems.
Increased adoption of driver state monitoring
systems to lower the number of accidents will provide enormous growth
prospects. The expensive expense of driver state monitoring devices, on the
other hand, may stifle industry expansion. To capitalize on the opportunities,
vendors should prioritize growth prospects in fast-growing areas while
maintaining positions in slow-growing ones.
Automotive Driver State Monitoring Systems
Market Outlook Key Players
- Aptiv (U.K)
- Continental
AG (Germany)
- Tobii
Technology (Sweden)
- Visteon
Corporation (U.S.)
- Aisin Seiki
Corporation Limited
- Denso
Corporation (Japan)
- Ficosa
International SA (Portugal)
- Harman
International Industries Inc.
- Caterpillar
Inc. (U.S.)
- Takata
Corporation (Japan)
- Robert Bosch
(Germany)
- Valeo
(France)
- Seeing
MACHINE (Australia)
- Edge3 (U.S.)
- Xilinx (U.S.)
COVID-19 Impact on the Global Automotive
Driver State Monitoring Systems Market Outlook
The COVID-19 pandemic is still transforming the
growth of numerous industries, but the outbreak's immediate impact varies.
While some industries may experience a reduction in demand, many others will
stay unaffected and exhibit exciting growth potential. COVID-19 will have
little impact on the market for Driver State Monitoring Systems.
Automotive Driver State Monitoring Systems
Market Outlook Segmentation
The global Driver State Monitoring Systems
industry has been segmented into technology, component, and vehicle type.
By technology, the global Automotive Driver State
Monitoring Systems Market Outlook has been segmented into Heart Rate
Monitoring, Facial Recognition, and Others.
By component, the global Automotive Driver State
Monitoring Systems Market Outlook has been segmented into Sensors, Camera,
Crash Resistant Steel Cabins.
By vehicle type, the global Automotive Driver
State Monitoring Systems Market Outlook has been segmented into passenger and
commercial vehicles.
Automotive Driver State Monitoring Systems
Market Outlook Regional Analysis
Based on region, the global Automotive Driver
State Monitoring Systems Market Outlook has been divided into the following
regions, namely Europe, North America, Asia Pacific, and Middle East &
Africa.
In the North American region, the purchasing power
of people is high. As a result, North America will be the leading revenue
contributor in the Automotive Driver State Monitoring Systems Market Outlook.
The industry is also being driven by an increase in the frequency of on-road
accidents caused by driver tiredness and distraction. Other factors boosting
the market include the expansion of the automotive industry and the
implementation of stricter rules requiring the use of electronic log devices to
track vehicle driving time.
The Federal Motor Carrier Safety Administration in
the United States has issued a new regulation requiring fleet operators to
utilize electronic log devices built specifically for recording the amount of
time spent driving by a truck driver. These regulations are establishing new
requirements in the automotive industry to improve the safety of drivers and
other road users. As a result, the government's introduction of new rules is
predicted to promote the expansion of the automotive driver state monitoring
system over the assessment period.
Automotive Driver State Monitoring Systems
Market Outlook Competitive Landscape
The Driver State Monitoring Systems industry is
being faced with fierce competition, quick technological advancements, frequent
changes in government policies and environmental laws, among other things.
Vendors compete on price, product quality, reliability, and aftermarket
service. To survive and thrive in an intensely competitive market environment,
vendors must develop cost-effective and high-quality driver status monitoring
solutions.
Summary
The global Automotive Driver State Monitoring
Systems Market Outlook is anticipated to expand at a significant pace from 2022
to 2030 (forecast period). Increased use of driver state monitoring
technologies to reduce the frequency of accidents will give tremendous growth
opportunities. The elevated cost of driver state monitoring systems, on the
other hand, may hamper industry growth. Vendors should emphasize expansion
prospects in fast-growing regions while preserving positions in slow-growing
ones in order to benefit from the opportunities.
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