Home Press Release Driver Monitoring Systems Market is anticipated to hit $10.49 billion by 2023 at a CAGR of 11.8%.

Driver Monitoring Systems Market is anticipated to hit $10.49 billion by 2023 at a CAGR of 11.8%.

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Europe held the largest market share in the Driver Monitoring System Market

Europe region holds the largest market share in the Driver Monitoring System Market and is anticipated to reach $4.18 billion by 2023 at a CAGR of 10.8%. However, APAC witnesses highest growth during the forecast period and is expected to reach $2 billion by 2023 at a CAGR of 14.7%. The economic conditions in entire Europe are good and people have the purchasing power to buy more sophisticated products. Thus, the European market is expected to grow. 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. The major components are not end-users of the product, but rather they tend to be the big market players such as Ford, Toyota, Volvo, Mercedes, and Renault which is majorly into the vehicle management

• The enhancement in the product value takes place in the Driver Monitoring Systems Industry

•  starting from the designing stage and then manufacturing of chips and sensors

• which takes place inside the semiconductor fabrication labs. 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. In the B2B model, the system is sold to the Big market players in the motor vehicles segment for integration of the system with their vehicle from where the product reaches to the end user who is not the consumers in this model of business.

• In another business model called B2C or business to customer, wherein the end user forms the consumer base as well, the supply chain is slightly different in the sense that the end product now, rather than going to a vehicle manufacturing for integration with their vehicle, the product is supplied to a retailer to sell it to the end user directly. Such products are known for the aftermarket products. 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.

Excerpts on Market Growth Factors

• The global market for advanced driver assistance systems has grown substantially in recent years, as vehicle companies have increased the safety content of their vehicles in response to the market and government regulations.

• The current global DMS 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 software 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 technologies and 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 theforecast period

•Pressuremats are projected toreach $844.80m by2023 growing at a CAGR of 12.3%throughout the forecast period

To access the full report browse the link below

https://industryarc.com/pdfdownload.php?id=172

Key players of Driver Monitoring Systems Market:

• The major acquisitions involved in this market are an 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 the scope of technology innovation is high; a threat of new players in the market also increases correspondingly. But the market already has numerous players that are striving hard to deliver cutting-edge technologies to lead in global DMS products.

•The key players in the Driver Monitoring Systems include Aisin Seiki Co Ltd., Autoliv Inc., Continental Automotive Systems, Delphi, Denso, Johnson Controls, Valeo, Visteon, Magnet, Marelli and Robert Bosch GmbH.

Driver Monitoring Systems Business Report is segmented as indicated below

Driver Monitoring Systems Business By Key Technology:

1. Image Sensing/Cameras

2. Pressure Mats

3. Infrared Sensing

4. Strain Gauges

5. Steering Angle Sensors

6. Others

Driver Monitoring Systems Business By Type of Monitoring

1. Driver Alertness/Distraction Monitoring

2. Driver Fatigue Monitoring

3. Drunk Driving Monitoring

Driver Monitoring Systems Business By Geography (Covers 10 + Countries) 

Driver Monitoring Systems Market By Entropy

What can you expect from the report?

The Driver Monitoring Systems Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories

2. Market trends

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Demand Analysis (By Revenue & Volume)

12. Country level Analysis (15+)

13. Competitor Analysis

14. Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Strategic Analysis

18. Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Revenue and Volume Analysis

Media Contact:

Mr. Venkat Reddy

Sales Manager

Email 1: sales@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

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