Wipro's driver monitoring system monitor driver's status and improve customers' driving experience and safety. Explore your in-cabin safety companion with us
The economic conditions in entire Europe are good and people have the purchasing power to buy more sophisticated products.
The key technologies in the region are Image Sensing/Cameras, Pressure Mats, Infrared Sensing, Strain Gauges among others.Selected Value Chain Analysis done in the full report:• Driver Monitoring Market is predominantly business to business in nature.
Then along with the linear and• nonlinear components, these components are assembled in order to get the product working• which is then tested and verified in the next step.• There are two ways the business is performed.
This system has an added advantage that the latest technology can be accommodated to keep up the modified norms for driver safety measurement system and monitoring systems.To access / purchase the full report browse the link below:https://industryarc.com/pdfdownload.php?id=172Excerpts on Market Growth Factors• The global market for advanced driver assistance systems has grown substantially in the recent years, as vehicle companies have increased the safety content of their vehicles in response to the market and government regulations.• The current global driver monitoring systems market is estimated to propel with the growing number of vehicles on the road and the demand for safety from consumers coupled with government legislation (Europe) and other regulatory body requirements.• Safety norms are not the only reason for their high growth; growing personal safety concerns are also playing an imperative role in the rising demand for driver management softwares in passenger cars.• Sensors of various types form a major part of the vehicle monitoring systems, and their demand in the market is likely to experience rapid growth in the future.• Limited patent validity necessitates companies to come up with newer technologiesand innovative products to cater to the growing demand of the automotive technology.• Image Sensing/Cameras is the dominant segment for driver monitoring systems market.
It is anticipated to reach $1 b by 2023 growing at a CAGR of 11.8% throughout the forecast period • Pressure mats is projected to reach $844.80m by 2023 growing at a CAGR of 12.3% throughout the forecast period Key players of Driver Monitoring Systems Market:• The major acquisitions involved in this market are acquisition of ASL Vision by Continental Automotive, acquisition of Electronics Business of Johnson Controls by Visteon and many more.
Collaboration such as DENSO - NEC Corporation collaboration impacted on the growth of driver monitoring system market.• Since, scope of technology innovation is high; threat of new players in the market also increases correspondingly.
The Business Research Company’s latest report Driver Monitoring Systems Global Market Report 2020 covers Driver Monitoring Systems market drivers, Driver Monitoring Systems market trends, Driver Monitoring Systems market segments, Driver Monitoring Systems market growth rate, Driver Monitoring Systems market major players, and Driver Monitoring Systems market size.
The report provides in-depth analysis of the impact of COVID-19 on the Driver Monitoring Systems industry, along with revised market numbers due to the effects of the coronavirus.View Complete Report: https://www.thebusinessresearchcompany.com/report/driver-monitoring-systems-market-global-report-2020-30-covid-19-growth-and-changeDriver Monitoring Systems Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now: https://www.thebusinessresearchcompany.com/sample.aspx?id=3077=smpThe global driver monitoring system market is expected to grow from $0.99 billion in 2019 and to $1.01 billion in 2020 at a growth rate of 2.29%.
The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to grow and reach $1.45 billion in 2023 at CAGR of 12.64%.The report covers the Driver Monitoring Systems market’s segments- 1) By Monitoring Type: Driver Alertness/Distraction Monitoring, Driver Fatigue Monitoring, Drunk Driving Monitoring, Identity Recognition.
