ALL >> Automobiles >> View Article
Rising Demand For Luxury And Comfort To Drive The Market For Driver Fatigue Monitoring Systems
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"
Early buyers will receive 10% customization on reports.
“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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=6053285
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).
Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=6053285
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.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Automobiles Articles1. Increasingly Stringent Fuel Efficiency Norms To Drive The Demand For Electronically Assisted Steeri
2. Advanced Technology And Growth Of The Automotive Industry Will Drive The Automotive Engine Market
3. How To Choose The Best Place To Undertake Your Car Repair?
Author: James Johnson
4. Air Pressure In Tyres-impact On Driving
Author: BK Vijay
5. Considerations To Keep In Mind Before Buying A Lube Truck For Your Business
Author: Scott Lee
6. Taking Advantage Of The Skoda Deals
Author: Daniel Skoda
7. Buying Bridgewater Cars On Sale - Bridgewater Car Sales
Author: Bridgewater Nissan
8. The Roller Conveyor Type Leads The Conveyor System Market In Food & Beverage Industry
9. Lighting To Be The Largest Application Segment Of The Glazing By Polycarbonate Material Market
10. Technological Advancements & The Growth Of The Automotive Industry Are Expected To Drive The Vehicl
11. Get An Airport Shuttle Service When You Are In A Hurry To Catch A Flight
Author: Max Brier
12. A Thin Thread Of Differentiation Between The Bobbers And Choppers
Author: Levi Fysh
13. How To Find Auto Repair Shop - It Is Very Important To Make The Right Choice
Author: Mark Josesh
14. Factors You Should Consider While Hiring A Lorry Anywhere In Bradford
Author: Emma Denton
15. Swipe & Buy: Is It Possible To Buy A Car With A Credit Card?
Author: Williams Orchard