Global Driver Monitoring System Market to be Led by Passenger Cars through 2028
The Global Driver
Monitoring System (DMS) Market is primarily driven by key factors that
influence its growth and adoption. Concerns about road safety and the need to
mitigate driver distraction, drowsiness, and inattention are significant
drivers. Regulatory mandates requiring DMS integration in vehicles further fuel
market growth. Technological advancements, including AI and machine learning,
enhance DMS systems' ability to monitor and interpret driver behavior,
preventing accidents and improving road safety.
According to TechSci Research report, “Global Driver Monitoring System Market– By
Region, Competition, Forecast & Opportunities, 2028,” the Global
Driver Monitoring System Market is being driven by several factors. Firstly,
there is a growing demand for safety features in automobiles, as consumers
prioritize their well-being while on the road. 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 in 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 component, 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 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 channel, 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 Vehicle. 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, Other. Based on the demand
category, the market is segmented into OEM and aftermarket.
Key market players in the Global Driver Monitoring
System Market include:
- Denso Corporation
- Valeo S.A.
- Continental AG
- Robert Bosch GmbH
- Delphi Automotive PLC
- Visteon Corporation
- Veoneer Inc.
- Jabil Inc.
- Texas Instruments
- Magna International Inc.
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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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