Automotive Driver State Monitoring Systems Market 2019 Size, Growth, Share, Business Revenue, Key Players, Trends, Opportunity, Regional Analysis And Global Industry Forecast To 2023Posted:
Automotive Driver State Monitoring Systems Market 2019 Global Industry Forecast To 2023 is latest depth analysis report on Global Automotive Driver State Monitoring Systems Market Size, Share, Growth, Trends, And Regional Analysis with Global Forecast To 2023. Report segments market for Automotive Driver State Monitoring Systems by technology, component, vehicle type and region.
Major Automotive Driver State Monitoring Systems Key players Analysed in report are Seeing MACHINE (Australia), Aptiv (U.K), Continental AG (Germany), Ficosa International SA (Portugal), Tobii Technology (Sweden), Aisin Seiki Corporation Limited (Japan), Denso Corporation (Japan), Visteon Corporation (U.S.), Harman International Industries Inc. (U.S.), Takata Corporation (Japan), Caterpillar Inc. (U.S.), Robert Bosch (Germany), Valeo (France), Edge3 (U.S.), Xilinx (U.S.), and others.
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Global Market Highlights:
Driver state monitoring systems are defined as systems that collect recognizable information about the driver for evaluating the capability of the driver to perform the driving task safely. Market Research Future (MRFR) has published a research report on the global automotive driver state monitoring systems market that considers an increase for this market at 10.04% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
The momentous factors helping the global automotive driver state monitoring systems market growth include the need for driver safety. Other factors supporting the market growth include need to understand and adjust to the driving conditions, availability of customization technology, growth in the automotive industry, need for distraction detection or drowsiness detection systems, government regulations regarding vehicle safety, and increased adoption of safety features in the vehicle.
However, the automotive driver state monitoring systems market is facing a steep challenge from privacy issues. Some of the systems report the location detail which many find troublesome owing to which the market can experience setbacks during the forecast period.
Market Segment Analysis:
By technology, the market can be segmented into heart rate monitoring, facial recognition/head movement, blink monitoring, steering angle sensor & lane departure warning, and a pre-collision system. Facial recognition/head movement segment led the market with a valuation of USD 1,123.9 million in 2016. It can expect a CAGR of 10.60% during the forecast period.
Based on components, the market comprises sensors, camera, crash resistant steel cabins, and others. Sensors with a market value of USD 1,711.3 million owns 41.13% (as of 2016) of the market and can witness a CAGR of 10.66% during the forecast period.
By vehicle type, the automotive driver state monitoring systems market can be segmented into passenger car and commercial vehicle. Passenger car segment is leading the market with 53.63% in 2016, and a market valuation of USD 1,932.5 million. It is also expected to score the highest CAGR of 9.60% during the forecast period.
The regional segmentation of the global automotive driver state monitoring systems market has segmented the market into regional markets known as Asia Pacific, North America, South America, Europe, and the Middle East & Africa (MEA). In North America, the market is strong due to the high purchasing power of people, technological advancement, the presence of key market players in this region, the rise in the number of on-road accidents caused by driver drowsiness and distraction, the growth of automotive industry, and the introduction of stricter regulations. The imperative country-specific markets in this region are the USA and Canada.
The market in South America is limited because the availability of advanced technology is limited in this region. Argentina and Brazil are two important economies that have the potential to rise as lucrative markets in the future.
In Europe, the market is growing due to the reasons the same as in North America. In this region, the maximum revenue comes from France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Europe.
In the Asia Pacific region, the market is growing due to the growing urban population, changing lifestyle, rising automotive industry in this region, growing personal disposable income, and growing awareness about driver safety systems. The necessary country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
In MEA countries, the market is minimal because most countries being poor, lack of awareness, lack of education, lack of right infrastructure, lack of skilled professionals and lack of technological advancement.
Key Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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List of Tables:
Table 1 Global Automotive Driver State Monitoring Systems Market: By Region, 2018-2023
Table 2 North America Automotive Driver State Monitoring Systems Market: By Country, 2018-2023
Table 3 Europe Automotive Driver State Monitoring Systems Market: By Country, 2018-2023
Table 4 Asia-Pacific Automotive Driver State Monitoring Systems Market: By Country, 2018-2023
Table 5 Middle East & Africa Automotive Driver State Monitoring Systems Market: By Country, 2018-2023
Table 6 Middle East & Africa Automotive Driver State Monitoring Systems Market: By Country, 2018-2023
Table 7 South America Automotive Driver State Monitoring Systems Market: By Country, 2018-2023
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