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Written by domon » Updated on: October 28th, 2024
According to TechSci Research report, “Global Driver Monitoring System Market– By Region, Competition, Forecast & Opportunities, 2028,” the Global Driver Monitoring System Market has been valued at USD 1.3 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.3% through 2028. Additionally, there has been an increased awareness about road safety, with individuals and organizations alike recognizing the importance of taking precautionary measures. Moreover, stringent government regulations for vehicle safety have also played a significant role in promoting the adoption of driver monitoring systems.
Furthermore, the market's growth is further fueled by the emergence of autonomous vehicles. As self-driving technology continues to advance, the need for robust driver monitoring systems becomes even more crucial to ensure a safe transition between autonomous and manual driving modes. Additionally, advancements in biometric technologies, such as facial recognition and eye-tracking, contribute to the development of more sophisticated driver monitoring systems, enhancing their effectiveness and reliability.
The Global Driver Monitoring System (DMS) market is demonstrating significant growth and is anticipated to further expand in the forthcoming years. DMS are vehicle-based systems designed to monitor driver alertness to prevent accidents caused by fatigue or distraction. They have gained prominence with the advent of advanced driver assistance systems (ADAS) and are increasingly regarded as key components in promoting vehicle safety.
The Asia-Pacific region holds a dominant position in the DMS (Driver Monitoring System) market. This can be attributed to several factors such as the rapid rise in vehicle production, the growing installation of safety features in vehicles, and the increasing concerns over vehicular safety in the region. Additionally, Europe and North America are also experiencing robust growth in the DMS market.
This growth is primarily driven by stringent government regulations regarding road safety and the escalating demand for luxury and semi-luxury vehicles that are equipped with advanced safety features. These factors contribute to the overall expansion and development of the DMS market in these regions.
The key players in the DMS market include Bosch, Continental, Veoneer, Magna, and Seeing Machines among others. These companies are constantly striving to innovate and enhance their products, offering to maintain a competitive edge in the market.
The DMS (Driver Monitoring System) market is segmented into several components, including image sensors/cameras, infrared sensors, steering angle sensors, and other related elements. These components play a crucial role in ensuring the accuracy and effectiveness of DMS technology.
Furthermore, the vehicle type segment is divided into two categories: passenger cars and commercial vehicles. This distinction allows for a more targeted approach to implementing DMS solutions for different types of vehicles, considering their specific requirements and characteristics.
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Lastly, the sales channel segment comprises two main channels: OEM (Original Equipment Manufacturer) and aftermarket. The OEM channel refers to the direct integration of DMS technology into vehicles during the manufacturing process, while the aftermarket channel involves the installation of DMS systems post-purchase.
By considering these various segments and their respective details, the DMS market can cater to the specific needs and preferences of different stakeholders, ensuring optimal performance and safety on the road.
In terms of components, the image sensor/camera segment dominates the market due to their extensive usage in DMS for capturing real-time images of the driver's face and eyes. Infrared sensors are also witnessing growth due to their ability to work in varied lighting conditions.
Based on vehicle type, the passenger cars segment currently holds the majority of market share. This can be attributed to the high consumer demand for advanced safety features, such as collision detection and lane departure warning systems.
Furthermore, the increasing number of high-end vehicles being manufactured, which offer luxurious amenities and cutting-edge technology, has also contributed to the dominance of this segment in the market.
In terms of sales channels, the OEM segment currently leads the market due to the high installation rate of Driver Monitoring Systems (DMS) in new vehicles. This is because automakers are increasingly recognizing the importance of DMS in ensuring driver safety and enhancing the overall driving experience. However, the aftermarket segment is also expected to witness significant growth in the coming years. This can be attributed to the rising awareness among vehicle owners about the benefits of DMS, such as fatigue detection and distraction monitoring, as well as the increasing need for regular system updates to ensure optimal performance and compatibility with evolving vehicle technologies. As a result, both the OEM and aftermarket channels are poised for growth, reflecting the increasing demand and adoption of DMS in the automotive industry.
Challenges in the DMS market include high system costs and privacy concerns. Despite these challenges, the market outlook remains positive due to the increased focus on vehicle safety, advancements in technology, and regulatory push towards safer driving practices.
The Global Driver Monitoring System Market is analyzed based on vehicle type, monitoring type, technology type, by demand category, and by region. Based on the vehicle type the market is divided into passenger cars and commercial Vehicles. Based on the monitoring type, the market is divided into Driver State Monitoring and Driver Health Monitoring. Based on the technology type the market is divided into Image Sensing, Pressure Mats, Infrared Sensing, Strain Gauges, Steering Angle Sensors, Interior Camera, and others. Based on the demand category, the market is segmented into OEM and aftermarket.
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“The major drivers for the Global Driver Monitoring System Market include the rise in demand for safety features in automobiles, increased awareness about road safety, and stringent government regulations for vehicle safety. The advent of autonomous vehicles and advancements in biometric technologies also contribute significantly to the market's growth. Therefore, it can be said that the global Driver Monitoring System market is going to witness robust growth in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Driver Monitoring System Market Segmented By Vehicle Type (Passenger Car & Commercial Vehicle), By Monitoring Type (Driver State Monitoring, Driver Health Monitoring), By Technology Type (Image Sensing, Pressure Mats, Infrared Sensing, Strain Gauges, Steering Angle Sensors, Interior Camera, Others), By Demand Category (OEM, Aftermarket), By Regional, Competition, Forecast & Opportunities, 2018 - 2028,” has evaluated the future growth potential of Driver Monitoring System market globally and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Driver Monitoring System Market.
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1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2.1. Objective of theStudy
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
5.1. Market Size & Forecast
5.1.1. By Volume & Value
5.2. Market Share & Forecast
5.2.1. By Vehicle Type Market Share Analysis (Passenger Car & Commercial Vehicle)
5.2.2. By Monitoring Type Market Share Analysis (Driver State Monitoring and Driver Health Monitoring)
5.2.3. By Technology Type Market Share Analysis (Image Sensing, Pressure Mats, Infrared Sensing, Strain Gauges, Steering Angle Sensors, Interior Camera & Other)
5.2.4. By Demand Category Market Share Analysis (OEM & Aftermarket)
5.2.5. By Regional Market Share Analysis
5.2.5.1. Asia-Pacific Market Share Analysis
5.2.5.2. Europe & CIS Market Share Analysis
5.2.5.3. North America Market Share Analysis
5.2.5.4. South America Market Share Analysis
5.2.5.5. Middle East & Africa Market Share Analysis
5.2.6. By Company Market Share Analysis (Top 5 Companies, Others By Value, 2022)
5.3. Global Driver Monitoring System Market Mapping & Opportunity Assessment
5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
5.3.2. By Monitoring Type Market Mapping & Opportunity Assessment
5.3.3. By Technology Type Market Mapping & Opportunity Assessment
5.3.4. By Demand Category Market Mapping & Opportunity Assessment
5.3.5. By Regional Market Mapping & Opportunity Assessment
6.1. Market Size & Forecast
6.1.1. By Volume & Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis
6.2.2. By Monitoring Type Market Share Analysis
6.2.3. By Technology Type Market Share Analysis
6.2.4. By Demand Category Market Share Analysis
6.2.5. By Country Market Share Analysis
6.2.5.1. China Market Share Analysis
6.2.5.2. India Market Share Analysis
6.2.5.3. Japan Market Share Analysis
6.2.5.4. Indonesia Market Share Analysis
6.2.5.5. Thailand Market Share Analysis
6.2.5.6. South Korea Market Share Analysis
6.2.5.7. Australia Market Share Analysis
6.2.5.8. Rest of Asia-Pacific Market Share Analysis
6.3. Asia-Pacific: Country Analysis
6.3.1. China Driver Monitoring System Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Volume & Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Vehicle Type Market Share Analysis
6.3.1.2.2. By Monitoring Type Market Share Analysis
6.3.1.2.3. By Technology Type Market Share Analysis
6.3.1.2.4. By Demand Category Market Share Analysis
6.3.2. India Driver Monitoring System Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Volume & Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Vehicle Type Market Share Analysis
6.3.2.2.2. By Monitoring Type Market Share Analysis
6.3.2.2.3. By Technology Type Market Share Analysis
6.3.2.2.4. By Demand Category Market Share Analysis
6.3.3. Japan Driver Monitoring System Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Volume & Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Vehicle Type Market Share Analysis
6.3.3.2.2. By Monitoring Type Market Share Analysis
6.3.3.2.3. By Technology Type Market Share Analysis
6.3.3.2.4. By Demand Category Market Share Analysis
6.3.4. Indonesia Driver Monitoring System Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Volume & Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Vehicle Type Market Share Analysis
6.3.4.2.2. By Monitoring Type Market Share Analysis
6.3.4.2.3. By Technology Type Market Share Analysis
6.3.4.2.4. By Demand Category Market Share Analysis
6.3.5. Thailand Driver Monitoring System Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Volume & Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Vehicle Type Market Share Analysis
6.3.5.2.2. By Monitoring Type Market Share Analysis
6.3.5.2.3. By Technology Type Market Share Analysis
6.3.5.2.4. By Demand Category Market Share Analysis
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