(MENAFN- GetNews) Automotive Driver State Monitoring Systems Market Valuation to Garner a CAGR of 10.04% by 2023. Automotive Driver State Monitoring Systems Market Analysis by Technology (Heart Rate Monitoring, Facial Recognition and Others), Component (Sensors, Camera, Crash Resistant Steel Cabins), by Vehicle Type (Passenger & Commercial Vehicle), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Industry Forecast To 2023. Need for driver safety to Push the Global Automotive Drive
Automotive Driver State Monitoring Systems Market Valuation to Garner a CAGR of 10.04% by 2023. Automotive Driver State Monitoring Systems Market Analysis by Technology (Heart Rate Monitoring, Facial Recognition and Others), Component (Sensors, Camera, Crash Resistant Steel Cabins), by Vehicle Type (Passenger & Commercial Vehicle), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Industry Forecast To 2023. Need for driver safety to Push the Global Automotive Driver State Monitoring Systems Market OR Driver Attention Monitor Market.
The global Automotive Driver State Monitoring Systems market includes a host of new and top-tier players. MRFR in its published report mentions various key players, including Seeing MACHINE (Australia), Aptiv (U.K), Continental AG (Germany), Ficosa International SA (Portugal), Tobii Technology (Sweden), Aisin Seiki Corporation Limited (Japan), Denso Corporation (Japan), Visteon Corporation (U.S.), Harman International Industries Inc. (U.S.), Takata Corporation (Japan), Caterpillar Inc. (U.S.), Robert Bosch (Germany), Valeo (France), Edge3 (U.S.), Xilinx (U.S.), and others.
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Global Automotive Driver State Monitoring Systems Market Highlights:
Driver state monitoring systems simply put, are systems which collect recognizable information regarding the driver to assess the driver's capability to safely perform the driving task. These systems are gaining much recognition owing to the need to understand and adjust to the driving conditions. These systems are mostly custom designed for a single purpose application such as drowsiness detection systems or distraction detection.
The global automotive driver state monitoring systems market can expect a rise by CAGR 10.04% during the forecast period (2017-2023), reveals Market Research Future (MRFR) in an extensive study. This report incorporates operational technique, segmental analysis, and minute study of the drivers that can significantly impact the market in coming years.
The momentous factors helping the global automotive driver state monitoring systems market growth include the need for driver safety. Other factors supporting the market growth include need to understand and adjust to the driving conditions, availability of customization technology, growth in the automotive industry, need for distraction detection or drowsiness detection systems, government regulations regarding vehicle safety, and increased adoption of safety features in the vehicle.
Market Segmentation:
The global automotive driver state monitoring systems market can be segmented by technology, component, and vehicle type.
By vehicle type, the Automotive Driver State Monitoring Systems market can be segmented into passenger vehicle and commercial vehicle. The passenger vehicle is for personal use. The commercial vehicle is used for transferring goods from one place to another for business purposes. Passenger vehicle segment holds the larger market share due to various factors including the growth of investment for production cost reduction, high preference for integrating improved technologies, increase in competition in the automotive industry, and growth in the demand for safety-related systems.
By technology, the Automotive Driver State Monitoring Systems market can be segmented into heart rate monitoring, facial recognition/head movement, blink monitoring, steering angle sensor & lane departure warning, and a pre-collision system. Facial recognition/head movement segment led the market with a valuation of USD 1,123.9 million in 2016. It can expect a CAGR of 10.60% during the forecast period.
By components, the automotive driver state monitoring systems market is segmented into crash resistant steel cabins, camera, sensors, and others. Of these, the sensors segment will dominate the market over the forecast period. It is predicted to grow at a 10.66% CAGR.
Regional Analysis:
Region-specific analysis of the automotive driver state monitoring systems market includes the Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
In North America, the market is strong due to the high purchasing power of people, technological advancement, the presence of key market players in this region, the rise in the number of on-road accidents caused by driver drowsiness and distraction, the growth of automotive industry, and the introduction of stricter regulations. The imperative country-specific markets in this region are the USA and Canada.
Europe has similar features, and the automotive industry of the region is quite advanced which ensures a robust automotive driver state monitoring systems market growth. The APAC has a booming automotive industry, and the disposable income in people's hand is also witnessing an upward scaling which shows promising signs for the regional market growth.
In the Asia Pacific region, the market is growing due to the growing urban population, changing lifestyle, rising automotive industry in this region, growing personal disposable income, and growing awareness about driver safety systems. The necessary country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List Of Tables:
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 TECHNOLOGICAL TRENDS: BY REGION 35
TABLE 4 TECHNOLOGICAL TRENDS: BY COMPETIORS 37
TABLE 5 GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET, BY TECHNOLOGY, 2014-2023 (USD MILLION) 41
TABLE 6 GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET, BY COMPONENT, 2014-2023 (USD MILLION) 44
TABLE 7 GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET, BY VEHICLE TYPE, 2014-2023 (USD MILLION) 46
Continued…
List Of Figures:
FIGURE 1 GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS OF THE AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET 18
FIGURE 3 KEY BUYING CRITERIA OF AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS 18
FIGURE 4 RESEARCH PROCESS OF MRFR 20
FIGURE 5 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 6 DRIVERS AND RESTRAINT ANALYSIS OF GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS 24
FIGURE 7 VALUE CHAIN: AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET 31
Continued…
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