The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Driver Monitoring Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Driver Monitoring Systems Global Market Report 2024, The driver monitoring systems market size has grown rapidly in recent years. It will grow from $1.59 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to growing vehicle safety regulations, rising concerns about road safety, innovations in ai and machine learning, integration with advanced driver assistance systems (adas), automotive industry evolution, corporate initiatives for fleet safety.The driver monitoring systems market size is expected to see strong growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
The increasing awareness of road safety, prompted by a rise in on-road accidents caused by driver fatigue and distraction, is a major driver for the driver monitoring systems (DMS) market. According to a 2022 publication by the World Health Organization (WHO), approximately 1.3 million people lose their lives each year due to road traffic crashes. Vulnerable road users, such as pedestrians, cyclists, and motorcyclists, account for over 50% of all road traffic fatalities. Moreover, about 93% of global road fatalities occur in low- and middle-income nations. These road traffic accidents impose a significant economic burden, costing most nations approximately 3% of their gross domestic product. As a result, there is a growing need for DMS to understand and adapt to driving conditions and reduce accidents. The increase in road accidents caused by factors like fatigue, distraction, lack of driver alertness, and drinking and driving is fueling notable growth in the driver monitoring systems market.
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The driver monitoring systems market covered in this report is segmented –
1) By Component: Interior Camera, Sensors, Other Components
2) By Monitoring Type: Driver Alertness/Distraction Monitoring, Driver Fatigue Monitoring, Drunk Driving Monitoring, Identity Recognition
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
Top Major Players
Ford Motor Co.,
Robert Bosch GmbH,
Hitachi Ltd.,
Panasonic Corporation,
ZF Friedrichshafen AG
The driver monitoring systems market report table of contents includes:
1. Executive Summary
2. Driver Monitoring Systems Market Characteristics
3. Driver Monitoring Systems Market Trends And Strategies
4. Driver Monitoring Systems Market - Macro Economic Scenario
5. Global Driver Monitoring Systems Market Size and Growth
6. Driver Monitoring Systems Market Segmentation
7. Driver Monitoring Systems Market Regional And Country Analysis
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34. Key Mergers And Acquisitions In The Driver Monitoring Systems Market
35. Driver Monitoring Systems Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Driver Monitoring Systems Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Driver Monitoring Systems Market, Segmentation By Monitoring Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Driver Monitoring Systems Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Ford Motor Co. Financial Performance
Table 75: Robert Bosch GmbH Financial Performance
Table 76: Hitachi Ltd. Financial Performance
Table 77: Panasonic Corporation Financial Performance
Table 78: ZF Friedrichshafen AG Financial Performance
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