Market Overview:
Driver Safety System is a non-intrusive and in-cab fatigue detection technology which provides instantly alerts operators. There is some technology that helps in monitoring eye-closure duration and head pose. The driver safety system noticed fatigue or any distraction event to the operator to provide immediately alerted through configurable in-vehicle seat vibrations or others. This system delivers real-time solutions for the fatigue intervention for tired operators, and also provides integration into mixed truck fleets, and also offer customized data and reporting for continuous improvement and safety.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GmbH (Germany), Continental AG (Germany), Seeing Machines (Australia), Magna International Inc. (Canada), Valeo S.A. (France), Smart Eye AB (Sweden), Denso Corporation (Japan), Infineon Technologies AG (Germany), Caterpillar Inc. (United States) and Optalert PTY Ltd. (Australia) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Driver Safety Systems Market Study:
Robert Bosch GmbH (Germany), Continental AG (Germany), Seeing Machines (Australia), Magna International Inc. (Canada), Valeo S.A. (France), Smart Eye AB (Sweden), Denso Corporation (Japan), Infineon Technologies AG (Germany), Caterpillar Inc. (United States) and Optalert PTY Ltd. (Australia)
Driver Safety Systems Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Aftermarkets and OEMs |
Type | Passive ADAS systems, Active ADAS systems, Automates the enhancement of safety systems, Actions adaptive features, Helps in the perception of traffic context, Understands and analyzes driving behavior and Provides solutions for predictive maintenance. |
Components | Millimeter-Wave Radar Sensor,Laser Radar Sensor,Vision Sensor,Driving Assist Electronic Control Unit,Sonar Sensor,Seatbelt ECU,Others |
Vehicle | Heavy Commercial,Commercial Vehicle,Luxury,Compact,Premium |
Technology | Eye-Tracking,Facial Expressions,Heart Rate-Monitoring,Driver Alert System,Steering Angle Sensor (SAS),Lane Departure System,Others |
Influencing Trend:
High adoption of advanced driver assistance systems (ADAS) in terms of the driver safety system for all types of vehicles. The reason behind its high adoption because it provides parking and driving assistance with the help of designs ultrasonic sensors, radars, cameras, and others.
Market Growth Drivers:
Increasing Number of Safety Regulations and Increasing Demand for Luxury & Comfort in Vehicles
Challenges:
Lack of Accountability from the Key Stakeholders Because Of Rising Concern towards Vehicle Accidents and Privacy and Required High Compromised In Accuracy
Restraints:
High Cost & Complexity
Opportunities:
High Strong Opportunity in Aftermarket and Rising Demand Of North America Region Because Of Increasing Number Of Innovative Related With The National Highway Traffic Safety Administration (NHTSA)'s Safe Car Projects
Some of the other players that are also part of study are Tobii Technology (Sweden) and IntelliVision Technologies Corp. (United States). The Global Driver Safety Systems market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In December 2022 Honda launched a strong-hybrid version of its popular sedan Honda City in India in May 2022. The Honda City eHEV is offered in a single fully-loaded ZX trim in a petrol-hybrid configuration. Along with a very fuel-efficient engine, thanks to the hybrid tech, the sedan also features ADAS technology.
In September 2022, Reutlingen, Eindhoven – Bosch is expanding its team of experts in the field of "System on chip" (SoC). SoC are special semiconductors that are increasingly used in control units for the automotive industry. With the planned acquisition of Semiconductor Ideas to the Market (ItoM), headquartered in Eindhoven, the Netherlands, the technology group aims to strengthen its development expertise for high-frequency processing Soc
The advancement of driver safety systems which includes a driver assistance system is governed and regulated by international safety standards, including IEC-61508 and ISO-26262, these systems highly depend on electronic equipment for their functionality. Drivers whose vehicles have ADAS technology that to benefit by improving perceptibility, better advance warnings, and also improves the ability for a vehicle to take control in an emergency situation and more inclusive tools for driving in bad weather or any poor road conditions.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Driver Safety Systems market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Driver Safety Systems market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Driver Safety Systems Service Providers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.