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Rising Demand For Luxury And Comfort To Drive The Market For Driver Fatigue Monitoring Systems

By Author: MarketsandMarkets
Total Articles: 26

The report "Driver Safety Market for Passenger Cars by Technology (Eye-Tracking/Blink-Monitoring, Facial Expressions/Head Movements, Heart Rate-Monitoring, Pressure/Angle Steering Sensor, and Lane Departure Warning), Off-Highway Vehicle, and Region - Global Forecast to 2025", The driver safety market is primarily driven by the growing demand for safety solutions across the globe. The passenger car driver safety market is projected to grow at a CAGR of 6.24%, to reach a market size of USD 3.20 Billion by 2025, whereas the market for off-highway driver safety is projected to grow at a CAGR of 4.91% during the forecast period, to reach USD 380.38 Billion by 2021.

Browse 66 market data Tables and 50 Figures spread through 130 Pages and in-depth TOC on "Driver Safety Market for Passenger Cars by Technology (Eye-Tracking/Blink-Monitoring, Facial Expressions/Head Movements, Heart Rate-Monitoring, Pressure/Angle Steering Sensor, and Lane Departure Warning), Off-Highway Vehicle, and Region - Global Forecast to 2025"

https://www.marketsandmarkets.com/Market-Reports/driver-safety-market-6053285.html

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“Distraction monitoring systems are expected to lead the passenger car driver safety market, by technology”

Technological advancements and the growing need for safety solutions have led to a significant increase in the demand for distraction monitoring systemsthat help reduce road accidents. Additionally, increasingly stringent government legislation for automotive safety has triggered the need to develop innovative, low-cost, and practical safety solutions to decrease the number of fatalities caused by distracted driving. OEMs are consequently developing safety solutions such as pressure/angle steering sensors and lane departure systems.

“Surface mining equipment constitutes the fastest growing segment of the off-highway vehicle driver safety market”

Driver fatigue contributes significantly to accidents in the mining industry. Driver fatigue monitoring systems therefore play a vital role in maintaining workplace safety by instantly warning the mine operators and workers when a driver’s drowsiness affects the overall performance and safety. The high demand for driver fatigue monitoring systems is attributed to the benefits offered by the technology, which helps improve efficiency by reducing losses, enhances workplace safety and operator health, and increases productivity. Advancements in driver fatigue monitoring technology are helping manufacturers overcome challenges related to safety; this is driving the demand for the same.

The passenger car driver safety market is projected to grow at a CAGR of 6.24% during the forecast period, to reach a market size of USD 3.20 Billion by 2025. A wide array of upcoming infrastructural development projects, increased urbanization, and the rising demand for safety solutions has led to an increase in the demand for driver safety systems. Additionally, technological advancements such as eye-tracking technology (General Motors) and Mercedes-Benz Attention Assist (Mercedes) have boosted the demand for these systems. These advancements have increased the safety of drivers and passengers in the passenger car segment, and have resulted in a reduction in fatalities due to the same.

In this report, driver safety systems are broadly segmented based on technology into driver fatigue monitoring systems (eye-tracking/blink-monitoring, facial expressions/head movements, and heart rate-monitoring) and distraction monitoring systems (pressure/angle steering sensor and lane departure system). The distraction monitoring system segment is projected to record the largest market size by 2020, as these systems assist in preventing road accidents caused by distraction. With regard to distraction monitoring systems, the lane departure system is expected to account for the largest share by 2020, owing the benefits it offers; for instance, it alerts the driver when the vehicle is drifting out of a lane using visual, tactile, or audible warnings.
The off-highway vehicle segment includes the driver fatigue and distraction systems used in construction and mining equipment (surface mining). The mining segment of the driver fatigue and distraction monitoring market is projected to register the highest CAGR from 2016 to 2021. The increasing number of road accidents and casualties caused by fatigue are a pressing issue for mine operators. Several mine operators and OEMs have already incorporated driver fatigue and distraction monitoring systems in vehicles to overcome this problem.

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Asia-Pacific: The largest and fastest growing market for passenger car driver fatigue monitoring systems

The Asia-Pacific region includes key countries such as China, Japan, and India. The driver fatigue monitoring system market for passenger cars in the region is expected to grow at a high CAGR, as rapid technological changes and increasing competition in the automotive industry have led OEMs in the region to adopt new safety technologies that can enhance car performance and safety.

The driver fatigue and distraction monitoring system market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Smart Eye AB (Sweden), Seeing Machines (Australia), and Tobii AB (Sweden).

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

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