MarkNtel Advisors – Leading Market Research Company found Global Automotive Driver Monitoring System Market is expected to reach 12.5% CAGR Growth By 2030.
This report provides a comprehensive analysis of the Global Automotive Driver Monitoring System Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Automotive Driver Monitoring System Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
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Scope of the Automotive Driver Monitoring System Market Report:
The Global Automotive Driver Monitoring System Market size was valued at USD 2.2 Billion in 2023 and is projected to reach USD 5.6 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2024-30. Extended illness or immediate health complications can result in severe road accidents or crashes. Per The National Highway Traffic Safety Administration, almost 3,000 people died in 2019 due to distracted driving, up 10% over 2018. In addition, intoxicated driving also grown, resulting in the loss of 10,142 persons in the same year. However, automotive driver monitoring systems (DMS) can supersede the driving inputs and slow the vehicle until the driver realizes the alert, thereby curbing the casualties.
Which prominent factor is expected to drive the Automotive Driver Monitoring System Market during 2024-30?
Increasing Road Traffic Injuries Worldwide Influenced by Distracted or Drunk Driving – According to WHO, approximately 1.3 million people die yearly from road traffic crashes, costing most countries 3% of their GDP. Even though low- and middle-income nations have about 60% of the world’s vehicles, they account for 93% of all traffic deaths. Given this, the UN General Assembly wants to cut in half the number of people killed and injured in traffic accidents worldwide by 2030. Backed by such ambitions and initiatives stemming from safety concerns, the need for systems that monitors Driver Alertness/Distraction, drunk driving, and Driver Fatigue, and recognition monitoring systems, including Identify, RFID, Fingerprint, and NFC Recognition, has gained traction in recent years.
What are the different Segment Available in the Automotive Driver Monitoring System Market?
By Offering Type
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- Hardware
- Software
By Components Type
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- Image Sensors/Cameras
- Pressure Mats
- Infrared Sensors
- Strain Gauges
- Steering Angle Sensors
- Others
By Monitoring Type
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- Driver Alertness/Distraction Monitoring
- Driver Fatigue Monitoring
- Drunk Driving Monitoring
- Identify Recognition
- RFID Recognition
- NFC Recognition
- Fingerprint Recognition
- Others
By Vehicle Type
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- Passenger Vehicle
- Commercial Vehicle
By Drive Type
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- IC Engine Vehicle
- Electric Vehicle
- Plug-in Hybrid Electric Vehicle
By Region
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- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific..
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Leading Automotive Driver Monitoring System companies operating in the Market
- Faurecia SA
- Ford Motor Co.
- Valeo SA
- Delphi Automotive Plc
- Robert Bosch Gmbh
- Denso Corporation
- Continental AG
- Visteon Corporation
- Nissan Motor Co.
- Jabil Inc.
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