Global Automotive Driver Monitoring System Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Automotive Driver Monitoring System Market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2023-28. Extended illness or immediate health complications can result in severe road accidents or crashes. Per The National Highway Traffic Safety Administration, almost 3,000 people died in 2019 due to distracted driving, up 10% over 2018. In addition, intoxicated driving also grown, resulting in the loss of 10,142 persons in the same year. However, automotive driver monitoring systems (DMS) can supersede the driving inputs and slow the vehicle until the driver realizes the alert, thereby curbing the casualties.
In addition, the Global Automotive Driver Monitoring System Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
GET PDF SAMPLE REPORT- https://www.marknteladvisors.com/query/request-sample/global-automotive-driver-monitoring-system-market.html
Key Driver: Increasing Road Traffic Injuries Worldwide Influenced by Distracted or Drunk Driving
According to WHO, approximately 1.3 million people die yearly from road traffic crashes, costing most countries 3% of their GDP. Even though low- and middle-income nations have about 60% of the world's vehicles, they account for 93% of all traffic deaths. Given this, the UN General Assembly wants to cut in half the number of people killed and injured in traffic accidents worldwide by 2030. Backed by such ambitions and initiatives stemming from safety concerns, the need for systems that monitors Driver Alertness/Distraction, drunk driving, and Driver Fatigue, and recognition monitoring systems, including Identify, RFID, Fingerprint, and NFC Recognition, has gained traction in recent years.
Global Automotive Driver Monitoring System Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Automotive Driver Monitoring System Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Offering Type
-Hardware
-Software
-By Components Type
-Image Sensors/Cameras
-Pressure Mats
-Infrared Sensors
-Strain Gauges
-Steering Angle Sensors
-Others
-By Monitoring Type
-Driver Alertness/Distraction Monitoring
-Driver Fatigue Monitoring
-Drunk Driving Monitoring
-Identify Recognition
-RFID Recognition
-NFC Recognition
-Fingerprint Recognition
-Others
-By Vehicle Type
-Passenger Vehicle
-Commercial Vehicle
-By Drive Type
-IC Engine Vehicle
-Electric Vehicle
-Plug-in Hybrid Electric Vehicle
-By Region
-North America
-South America
-Europe
-Middle East
-Africa
-Asia-Pacific
Each sections offer valuable insights into the Automotive Driver Monitoring System Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
Get Full Report – https://www.marknteladvisors.com/research-library/global-automotive-driver-monitoring-system-market.html
Competitive Analysis of the Global Automotive Driver Monitoring System Industry
-Faurecia SA
-Ford Motor Co.
-Valeo SA
-Delphi Automotive Plc
-Robert Bosch Gmbh
-Denso Corporation
-Continental AG
-Visteon Corporation
-Nissan Motor Co.
-Jabil Inc.
Request Customization of this report -https://www.marknteladvisors.com/query/request-customization/global-automotive-driver-monitoring-system-market.html
Global Automotive Driver Monitoring System Market Research Report Answers the Following Key Questions
- How big is the Global Automotive Driver Monitoring System Market?
- What is the projected growth rate or CAGR of the Global Automotive Driver Monitoring System Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Global Automotive Driver Monitoring System Market?
- Which ‘segment’ seems promising for companies operating in the Global Automotive Driver Monitoring System Market?
Note: Markntel Advisors provides personalized reports tailored to the specific needs and preferences of clients. For further information or inquiries regarding customized reports, please get in touch with the sales team, who will assist you in your purchase and address any queries you may have.
About Us
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfil their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
Thank you for reading our report. If you have any further inquiries, kindly get in touch with us so that we may send you the most appropriate report.
Contact us today!
Email: sales@marknteladvisors.com
Phone: +1 628 895 8081 +91 120 4268433,
Address: 5214F Diamond Heights Blvd #3092,
San Francisco, CA 94131
United States
0 Comments