Driver safety market is projected to grow at a CAGR of 6.24%, to reach a market size of USD 3.20 billion by 2025.
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The key players in the Driver Safety Market include – Continental AG (Germany), Magna International Inc. (Canada), Valeo S.A. (France), Infineon Technologies AG (Germany), Tobii AB (Sweden), Seeing Machines (Australia), Smart Eye AB (Sweden), Optalert Pty Ltd.
(Australia), Robert Bosch GmbH (Germany), Denso Corporation (Japan).
Asia-Pacific is estimated to dominate the driver fatigue monitoring system market, and is projected to grow at the highest CAGR during the forecast period.
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This growth can be credited to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. The growing demand for passenger cars in countries such as China and India and increasing number of road fatalities caused by driver fatigue have boosted the demand for driver fatigue monitoring systems in this region.
- Driver safety system manufacturers
- Sensor manufacturers
- Distributors and suppliers of automotive safety systems
- Automobile manufacturers
- Mining and construction equipment suppliers
- Mining operators
- Industry associations and experts
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The adoption of distraction monitoring systems in passenger cars is expected to increase gradually and shift from the high-end passenger car segment to the mid segment. This can be attributed to the increasing pressure from regional governments to include safety systems for drivers and passengers to prevent fatalities caused by driver drowsiness and fatigue.
Additionally, the rising number of road fatalities caused by driver distraction wills likely lead to stringent regulations that would increase the demand for these systems in coming years.
The mining industry involves long shifts, monotonous and dangerous routes, and extreme work conditions and working hours. These factors contribute significantly to driver fatigue and distraction, which can result in serious threats to the life of the driver and losses to mine operators.
This has led to an increase in the demand for driver fatigue and distraction monitoring systems in the mining industry.
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The report analyzes the market for driver safety on the basis of technology (fatigue monitoring: eye-tracking/blink-monitoring, facial expressions/head movements, and heart rate-monitoring; and distraction monitoring: pressure/angle steering sensor and lane departure system). Additionally, the market for off-highway vehicles has been covered to assess the growth potential of driver safety in this vehicle segment.
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