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The automotive driver monitoring market size is forecast to increase by USD 1.72 billion at a CAGR of 9.45% between 2023 and 2028. The market witnesses growth driven by critical factors. As safety becomes paramount, the adoption of in-vehicle driver monitoring systems rises, enhancing accident prevention and driver alertness. Moreover, the increasing demand for commercial vehicles amplifies the necessity for advanced driver monitoring solutions, ensuring safe operation in various industries. Additionally, with the aging population, there's a heightened focus on driver assistance technologies to address age-related impairments, further fueling market expansion in the automotive sector.
It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market integrates cutting-edge technologies like artificial intelligence and cloud systems to enhance passenger safety by continuously monitoring driver behavior and health using advanced systems such as monitoring systems, infrared LEDs, and cameras. These systems analyze various factors, including drowsiness, eye tracking, facial expressions, and physiological parameters like heart rate and respiration rate, contributing to accident prevention and promoting the adoption of autonomous vehicles across different vehicle types and propulsion systems. In the market, the focus on safety is paramount, especially with the diverse conditions encountered on highways and country roads. Safety dynamics are evolving rapidly, influenced by factors like vehicle type, sales channel, and the demand for safety features. As the autonomous cars and autonomous truck markets expand, monitoring systems equipped with ultrasonic sensors and advanced technology become indispensable. Notably, Nikhil Kaitwade, a Principal Consultant, observes the competition scenario closely, analyzing historical patterns to predict the future outlook. Key players like Texas Instruments Incorporated and Renesas Electronics Corporation are leading the way, offering innovative solutions in the driver monitoring system market to enhance safety across light commercial vehicles, ICE vehicles, and electric vehicles.
One of the key factors driving global market growth is the increasing demand for commercial vehicles. This demand surge is fueled by various factors, such as escalating global trade activities, logistics and operations expansions, and robust growth in the construction and mining sectors. However, operating commercial vehicles, especially medium and heavy-duty trucks, presents unique challenges due to their large size and relative lack of comfort and convenience features compared to passenger cars.
To address these challenges and enhance safety on the roads, many manufacturers are integrating driver monitoring systems into commercial vehicles. These systems leverage advanced technologies such as cameras, infrared light-emitting diodes (LEDs), and cloud-based systems to monitor drivers' behavior and ensure their alertness and attentiveness while driving. By enhancing driver safety, mitigating accidents, reducing insurance costs, and optimizing vehicle performance, these driver monitoring systems are poised to drive significant growth in the global market during the forecast period.
A key factor shaping the global market growth is the advances in driver-state monitoring systems. There is rapid technological advancement in the global market. Several prominent Companies in the market are launching their products and solutions with advanced health monitoring. One of the main technological developments is the advanced driver monitoring system which uses facial recognition technology to identify the driver and monitor facial expressions.
For instance, in January 2023, Harman, a Samsung subsidiary, launched its DMS, called Ready Care, which analyzes drivers' eye activity and mental state to determine their level of cognitive distraction and thereby instruct the car to initiate personalized responses to mitigate dangerous driving situations. Hence, such advancements in technology are expected to drive global market growth during the forecast period.
Data protection and privacy concerns are one of the key challenges hindering the global market growth. Most automobiles are now integrated with advanced electronic systems and equipment, including driver monitoring systems. Even though these devices provide several conveniences, they collect, interpret, and analyze the data stored in the vehicle onboard computer.
As a result, these systems are very vulnerable to hacking, and hackers are able to access the sensitive data in the vehicles. Hence, due to the advancement of these technologies in vehicles, these data are more prone to cyber security attacks. Additionally, there is an increase in cyber attacks due to the usage of cloud storage in all these modern technologies. Hence, such factors are expected to hinder the global market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Continental AG: The company offers automotive driver-monitoring systems such as cabin sensing used for automated driving.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The driver state monitoring segment is estimated to witness significant growth during the forecast period. The system which monitors and detects drivers' drowsiness, tiredness, and distraction is known as the driver state monitoring system. This segment is one of the main component of the driver wellness monitoring system, which enhances the safety of drivers and other road users as driving has become an exhaustive and tiring activity.
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The driver state monitoring segment was the largest segment and was valued at USD 2.07 billion in 2018. The rising population and road traffic are significantly increasing the time spent behind the wheel, particularly in countries such as the US, China, Japan, and India. Furthermore, the increasing road network and growing infrastructure increase self-drive outstation trips. For example, India, one of the rapidly-growing automotive markets in the world, is witnessing a year-over-year percentage increase of about 33% in road trips. Hence, the chances of drivers experiencing drowsiness are higher on long or continuous drives. Hence, such situations require driver-state monitoring systems as they can alert and notify the driver. Therefore, such applications are expected to drive the growth of the segment, which in turn will drive the global market growth during the forecast period.
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Europe is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the key factors that are driving the global market growth in Europe is the wide use of advanced driver-assisted and safety systems in regionally manufactured automobiles. Some of the key countries in Europe which are significantly contributing to the market growth include Germany, France, Italy, Spain, and the UK, as these are leading countries in terms of demand and sales of luxury or premium vehicles, resulting in the highest penetration rate of advanced safety systems. Furthermore, factors such as improved economic conditions and strict vehicle safety norms set by the European Commission are expected to drive the global market growth in the region during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is witnessing significant growth driven by factors such as Cross-State Passenger Traffic and the emergence of Autonomous Vehicles. Advancements in Artificial Intelligence and Cloud Systems have enabled the development of sophisticated Internet-based systems for monitoring drivers. Safety is paramount, with technologies like Driver state sensing systems, Cameras, and Infrared light-emitting diodes (LEDs) ensuring enhanced safety features. Cutting-edge solutions include Eye Tracking, Head Pose Analysis, and Facial Expression Analysis integrated with traditional components like the Steering Wheel for comprehensive Vehicle Control Analysis. Moreover, physiological parameters such as Heart Rate Monitoring, Electroencephalogram (EEG) Monitoring, Respiration Rate Monitoring, and Skin Conductance Monitoring are measured, reflecting the market's focus on holistic driver safety and performance.
The market is witnessing significant growth driven by advancements in sensors and self-driving vehicles technology. With the increasing transportation of goods and stringent policies regarding road safety, there's a growing focus on enhancing driver monitoring systems. These systems play a crucial role in mitigating traffic accidents by monitoring driver behavior and alerting in case of deviations from safe driving practices. As level 3 and level 4 autonomous driving become more prevalent, companies like Texas Instruments Incorporated, Renesas Electronics Corporation, and Seeing Machines are at the forefront, offering innovative solutions like the driver state sensing system and driver monitoring systems to ensure safer journeys in both light and heavy commercial vehicles.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
Market Growth 2024-2028 |
USD 1.72 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.42 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 37% |
Key countries |
US, Germany, France, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Continental AG, DENSO Corp., Intel Corp., Jabil Inc., Magna International Inc., Marelli Holdings Co. Ltd., NetraDyne Inc., NVIDIA Corp., NXP Semiconductors NV, OmniVision Technologies Inc., OMRON Corp., Qualcomm Inc., Robert Bosch GmbH, Stonkam Co. Ltd., Tata Elxsi Ltd., Tobii AB, Toyota Motor Corp., Valeo SA, Veoneer Inc., and Visteon Corp. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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