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The Global Automotive Driver Monitoring Market size is forecast to increase by USD 1.58 billion at a CAGR of 9.34% between 2022 and 2027. 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. This market analysis and report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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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 components 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 1.83 billion in 2017. 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 35% 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 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 driver 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. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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 the 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 research 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 growth strategies.
Global Automotive Driver-Monitoring 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 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 advent of Infrared LEDs and advanced Sensors has revolutionized the automotive industry, particularly with the emergence of Self-Driving Vehicles. This innovation has reshaped the landscape of Transportation of Goods by enhancing efficiency and safety standards. Governments worldwide are implementing stringent Policies to regulate this burgeoning sector, focusing on ensuring safe travel on Highways and Country Roads while reducing Traffic Accidents. Research and Development efforts are continuously underway to improve Safety Dynamics and bolster the Autonomous Cars Market. Technologies such as Ultrasonic Sensors and Light Commercial Vehicles are driving this transformation, supported by ongoing Technological advancements in vehicle types and propulsion systems. Despite the high initial cost and complex structure, there is a growing demand for Vehicle safety systems, prompting OEMs to invest heavily in this promising sector.
This market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Automotive Driver-Monitoring Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.34% |
Market growth 2023-2027 |
USD 1.58 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.67 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 35% |
Key countries |
US, China, Germany, France, 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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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