Industry Background:
The driver state monitoring system refers to an in-vehicle tool that analyzes the state of a driver while driving in order to avert fatalities that can be caused due to distraction. A growing number of vehicular accidents has increased the adoption of driver state monitoring system. These primary factors responsible for these accidents are driver fatigue, distraction, and lack of alertness. Development of safety-related systems for automobiles further driving the market demand.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aptiv (United Kingdom), Continental AG (Germany), Tobii Technology (Sweden), Visteon Corporation (United States), Aisin Seiki Corporation Limited (Japan), Denso Corporation (Japan), Ficosa International SA (Portugal), Harman International Industries Inc. (United States), Caterpillar Inc. (United States), Takata Corporation (Japan), Robert Bosch (Germany) and Valeo (France) |
This growth is primarily driven by Growing Need to Improve Driver Safety in the Automotive Industry and Stringent Government Regulations Regarding Driver Safety.
Globally, a noticeable market trend is evident Increasing Popularity of Autonomous Vehicles
Major Vendors, such as Aptiv (United Kingdom), Continental AG (Germany), Tobii Technology (Sweden), Visteon Corporation (United States), Aisin Seiki Corporation Limited (Japan), Denso Corporation (Japan), Ficosa International SA (Portugal), Harman International Industries Inc. (United States), Caterpillar Inc. (United States), Takata Corporation (Japan), Robert Bosch (Germany) and Valeo (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2022, Aptiv PLC, a global technology company focused on making mobility safer, greener, and more connected, completed the acquisition of Wind River®, a global leader in providing software for the Intelligent Edge. Wind River software enables the secure development, deployment, operation, and service of mission-critical intelligent systems. The company's technology is used in more than 2 billion edge devices across more than 1,700 customers in high-value industries including aerospace and defense, telecommunications, industrial, medical, and automotive.
In August 2021, Tobii announced its entry into mass market automotive integration with the launch of its driver monitoring system, Tobii DMS, the acquisition of Phasya, and several new partnerships. Based on Tobii's innovative leadership and unique experience in efficiently integrating and scaling eye-tracking solutions in mass markets around the world, our long-term goal is to become a leading DMS provider.
Influencing Trend:
Increasing Popularity of Autonomous Vehicles and Emphasizing On Development of Safety-Related Systems
Market Growth Drivers:
Growing Need to Improve Driver Safety in the Automotive Industry and Stringent Government Regulations Regarding Driver Safety
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
High Cost of Driver State Monitoring System
Opportunities:
Growing Luxury Cars Market and Increasing Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions 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.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Driver State Monitoring System Market
- Analysis about New Entrants in Automotive Driver State Monitoring System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Driver State Monitoring System Study Sheds Light on
The Automotive Driver State Monitoring System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Driver State Monitoring System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Driver State Monitoring System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.