Driver Monitoring Systems Market Growth by 2027 Driven by increased sales

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.

Higher usage of the components like camera and sensors which monitor the alertness of the driver as well as checks his or her level of vigilance, health, current state and warns the driver a signs of drowsiness or distraction is monitored, are the primary growth propellers for this market. Additionally, growing usage of DMS for driver identification and control functions using the eyes will contribute to more safety and better intuitive use of the new generation of driver assistance functions and help grow the market remarkably.

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The need for driver monitoring is rising not only in the passenger vehicle segment but also in the commercial vehicle segment, wherein challenges are more significant as compared with the passenger segment. Apart from all of the above-mentioned concerns, drivers are also working long hours, many a time more than what is advised or specified.

Key insights presented in the report:

• Market revenue shares by major business players, by type, by application, and market scope of global Driver Monitoring Systems market
• Sales revenue by key players and new entrants
• Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight into recent trends and opportunities

The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. Additionally, the report also covers details of the company, such as sales and distribution area, product portfolios, specifications, and others.

The report also discusses key players involved in the market, such as Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso, among others.

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Further key findings from the report suggest

• 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.

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For the purpose of this report, Emergen Research has segmented into the global Driver Monitoring Systems Market on the basis of Monitoring Type, Component, Propulsion, Instrument, Vehicle Type, and region:

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

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

• Software
• Hardware

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

• Commercial vehicle
• Passenger vehicle

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

• North America
  1. U.S.
  2. Canada
• Europe
  1. UK
  2. Germany
  3. France
  4. BENELUX
• Asia Pacific
  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC
• Latin America
  1. Brazil
  2. Rest of LATAM
• MEA
  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

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