From USD 2.2 Billion to USD 7.74 Billion by 2020: Magnificent Growth Statistics of the Driver Monitoring Systems Market

Need for increased safety; rising number of government initiatives; growing per capita income around the world and mainly the falling prices of the Driver Monitoring Systems Market are all together fostering the global revenue generation.

DMS combines the use of sensors and cameras and other “intelligent” devices to provide the driver with assistance, guidance and warning regarding various critical situations and in the time of emergencies.

With developing automotive sector, the need for safety coupled with comfort of the passenger is clearly skyrocketing. Thus arose the need for driver monitoring systems market. Over the years, the manufacturers in the automotive sector are shifting their focus on safe driving for the passengers and the driver. Introduction of seat belts, air bags, ABS (anti-lock braking), various government legislations provoking such devices as a must and few other primary steps taken in this industry have proven to be of quality support in saving lives.

But with the advent of electronics and the internet connectivity, we have seen a quantum leap in the services now, available to make the vehicle safe as well as comfortable for the driver. This has led to the invention of ADAS. Advanced driver assistance systems aim at aiding automatic or autonomous car controls and behaviors; purely independent of the driver. It provides the driver with high-level information on road conditions and warns him/her in need of dangers etc. This overall improves the driving performance and reduces risks.

Strong Propellants Causing Heavy Revenue Generation:

  • Dealing with driver’s issues: Skyrocketing number of traffic accidents around the globe due to driver’s diminished vigilance level is a matter of utmost importance today. This business automatically has been driving the overall demand for driver monitoring systems market globally. Drivers with low vigilance levels basically suffer from a pronounced diminution in their perceptive abilities. They face issues with being able to realize and control vehicle judgment rightly. This causes high risk to themselves and others as well. So increased number of countries are adopting to driver monitoring systems for improving their population safety.
  • Dropping costs: Beginning of this industry, the costs of the industry were way too high. But with growing per capita income globally, the number of consumers have sharply risen in the last few years. This increasing demand has led to a drop in prices eventually and is expected to drop down even further thus propelling the sales at a healthy CAGR level.
  • Support by government regulations: Safety for the country’s population in one way or the other is the responsibility of the respective governments. Hence have increased the number of government laws in order to make sure that vehicle manufacturers potentially work on their safety content.

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Report Scope:

The report describes the driver monitoring systems market by product types, modules, fuel types, components, geography, and industry verticals. High level analysis about the individual DMS product costs, strategies, future opportunities along with the business landscape analysis of key market players are focused in this report.

  1. Segmentation Brief:
    a. Based on Key Technology: Pressure Mats, Strain Gauges, Steering Angle Sensors and others
    b. Based on Monitoring Type: Driver Alertness/Distraction Monitoring, Drunk Driving Monitoring and Driver Fatigue Monitoring
    c. Based on Geography: Americas, Europe, APAC and Rest of the World.

Vendors Outlook:
Johnson Controls Inc., Aisin Seiki Co., Ltd. Autoliv, Inc., Continental Automotive Systems, Delphi Automotive PLC, Denso Corporation, Valeo SA, Visteon Corporation, Magneti Marelli S.p.A and Robert-Bosch Gmbh are accounted to be the leading industries of the driver monitoring systems market and all studied in-depth in this research report.

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