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Driver Monitoring Systems Market To Hit US$ 20,070.6 Mn By 2026

The purpose of the report is to illustrate the state of the market of Driver Monitoring Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The driver monitoring systems market highly driven by increasing demand for automotive safety systems worldwide. Rise in road accidents due to driver’s fatigue, distraction, and lack of alertness coupled with drink and drive cases together helps DMS market to witness notable growth. DMS find major adoption among luxury cars with small share for the premium cars. Thus, growing market of luxury cars observed as one of the most prominent factors influencing DMS market growth. Increasing driver’s safety concerns coupled with government initiatives regarding drivers safety, among developing countries such as Japan, U.S., Germany and U.K. among others ensuring DMS market growth during the forecast period from 2018 to 2026. Product development through software upgrade and picture quality improvements observed as one of the highly adopted strategies gaining rapid traction in global DMS market. High cost of DMS limiting its adoption only among luxury cars thereby hampering market growth.

Driver monitoring systems market segmented by vehicle class, into commercial vehicles and passenger cars. According to our research, passenger cars accounted for more than 70% of market share. Increasing demand for passenger luxury cars as well as for driver safety tools ensuring rapid growth in passenger cars market share over the forecast period. High preference to the integration of recent technologies among luxury cars along with increasing investments in automotive sector further causes passenger cars segment to lead overall market for driver monitoring systems.  Product highlights such as liveness detection, prevention agents hacking, infrared camera support along with highly optimized core technology and online support, increasing attractiveness for DMS systems among end-users. Increasing market penetration of luxury cars accounted as one of the highly contributing factor in DMS market growth. In year 2017, global luxury cars market crossed US$ 560 Bn and expected to witness growth of 6% in coming years.

Technological advancements in automotive industry coupled with increasing adoption of driver safety systems, allows Europe to dominate the global DMS market, followed by North America and Asia Pacific. It is further expected to lead global DMS market during the forecast period from 2018 to 2026. Government initiatives such as “New Car Assistant program (NCAP)”, where DMS listed as a primary safety system along with strict regulation regarding integration of safety systems in passenger cars reported as some of the promising factors positively impacting the demand for DMS systems, in this region. Asia Pacific is projected to resister fastest growth in overall DMS market owing to increasing incidences of road accidents along with the rise in demand for luxury cars and advanced DMS systems.

Some of the major players profiled in the report include Sumitomo Riko Company Ltd., AG Electronics, Inc., Nissan Motor Co., Ltd., Aisin Seiki Co., Ltd., Autoliv, Inc., Continental Automotive Systems, Inc., Delphi Automotive PLC, Denso Corporation, Johnson Control, Inc., Valeo SA, Visteon Corporation, Magneti Marelli SpA, Robert-Bosch GmbH and others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Driver Monitoring Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Driver Monitoring Systems contains:

Analysis and forecast of Driver Monitoring Systems market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Driver Monitoring Systems market;

Assessment and forecast of Driver Monitoring Systems market development;

Financial and business profiles of the leading companies in the Driver Monitoring Systems industry.

Scope

– Up to date working Driver Monitoring Systems data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Driver Monitoring Systems for the period 2018 to 2026

– Planned Driver Monitoring Systems additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Driver Monitoring Systems projects by region, key countries, and companies

– Details of major planned Driver Monitoring Systems projects in the world up to 2026

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