Driver Monitoring Systems Market should experience the strongest growth of 2027

Market Size – USD 1.06 Billion in 2019, Market Growth - CAGR of 10.6%, Market Trends – The rising need for vehicles equipped with driver monitoring systems.

The new market research report published by Emergen Research, dubbed as ‘Global Driver Monitoring Systems Market Forecast to 2027’, entails a profound analysis of the global Driver Monitoring Systems industry, highlighting the crucial data and information pertaining to the Driver Monitoring Systems market sales and revenue shares. The report endows the reader with a holistic coverage of the Driver Monitoring Systems industry, pinpointing the key factors influencing the global market growth in the forthcoming years. The technological developments taking place in the industry, coupled with the current and emerging trends witnessed in the leading regional markets, have also been included in this document.

The increased incorporation of high-tech systems such as cameras and sensors to monitor the drivers’ activeness and alertness while simultaneously keeping tabs on their health, current state, and vigilance level is driving the market expansion. The sensors also play a vital role in alerting and warning the drivers when signs of lethargy or drowsiness are noted. This is presumed to add traction to market growth. In addition to this, the increasing incorporation of DMS for identification of drivers and controlling functions using eyes is presumed to enhance the safety and make better use of the intuitive and next-gen drive assistance function, which is further anticipated to drive the market growth exponentially.

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The key industry participants include:

Faurecia, Tata Elxsi, Aptiv PLC, Johnson Controls Inc, Magneti Marelli, Valeo, Continental, Bosch, Visteon, and Denso, among others.

For the purpose of this report, Emergen Research has segmented the Global Driver Monitoring Systems Market based on monitoring type, component, propulsion, instrument, vehicle type, and region:

Monitoring Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

· Drunk Driving Monitoring

· Driver State Monitoring

· Identity recognition monitoring

· Blood pressure monitoring

· Driver Alertness monitoring

· Drowsiness & Fatigue Monitoring

· Pulse rate and heartbeat monitoring

· Others

Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

· Interior Camera

· Biometric Sensors

· Gas Sensors

· Pressure Mats

· Sensors

· Steering Angle sensors

· Others

Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

· Electric Vehicles

o Battery Electric Vehicle

o Plug-in Hybrid Electric Vehicle

o Fuel Cell Electric Vehicle

o Hybrid Electric Vehicle

· Gasoline Powered

Instrument Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

· Software

· Hardware

Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

· Commercial vehicle

· Passenger vehicle

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Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

· North America

o U.S.

o Canada

o Mexico

· Europe

o U.K.

o Italy

o Germany

o France

o BENELUX

o Rest of Europe

· Asia Pacific

o China

o Japan

o India

o South Korea

o Rest of APAC

· Latin America

o Brazil

o Argentina

o Chile

o Rest of Latin America

· Middle East & Africa

o Saudi Arabia

o U.A.E.

o South Africa

o Rest of MEA

Additionally, the Driver Monitoring Systems market research report comprehensively examines the key elements of the Driver Monitoring Systems market that influence its growth over the projected timeframe. The report’s authors leveraged a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new market entrants on how to overcome the entry-level barriers. The global market has been categorized on the basis of product type, application gamut, end-user industries, and the competitive hierarchy. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further entails a clear outline of the market’s intensely competitive atmosphere to help businesses and industry stakeholders decipher the optimal business moves and achieve their business goals.

Key reasons to buy this report:

· The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Driver Monitoring Systems market and its leading players.

· It offers an in-depth study of the Driver Monitoring Systems industry and forecasts the market shares and sizes over the projected years.

· The report underscores the prominent market contenders, focusing on their business strategies and long-term business expansion plans.

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