NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global automotive driver monitoring market size is
estimated to grow by USD
1.72 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 9.45%
during the forecast period. Safety benefits of in-vehicle driver
monitoring systems is driving market growth, with a trend
towards advances in driver-state monitoring systems.
However, data protection and privacy concerns poses a
challenge. Key market players include Continental AG, DENSO Corp.,
Intel Corp., Jabil Inc., Magna International Inc., Marelli Holdings
Co. Ltd., NetraDyne Inc., NVIDIA Corp., NXP Semiconductors NV,
OmniVision Technologies Inc., OMRON Corp., Qualcomm Inc., Robert
Bosch GmbH, Stonkam Co. Ltd., Tata Elxsi Ltd., Tobii AB, Toyota
Motor Corp., Valeo SA, Veoneer Inc., and Visteon Corp..
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Automotive Driver
Monitoring Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
9.45%
|
Market growth
2024-2028
|
USD 1726.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.42
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
37%
|
Key
countries
|
US, Germany, France,
China, and UK
|
Key companies
profiled
|
Continental AG, DENSO
Corp., Intel Corp., Jabil Inc., Magna International Inc., Marelli
Holdings Co. Ltd., NetraDyne Inc., NVIDIA Corp., NXP Semiconductors
NV, OmniVision Technologies Inc., OMRON Corp., Qualcomm Inc.,
Robert Bosch GmbH, Stonkam Co. Ltd., Tata Elxsi Ltd., Tobii AB,
Toyota Motor Corp., Valeo SA, Veoneer Inc., and Visteon
Corp.
|
Market Driver
The automotive driver monitoring market is experiencing
technological advancements, with vendors presenting solutions
featuring advanced health monitoring. Facial recognition technology
is utilized in these systems to identify drivers and monitor
expressions. Tobiis Autosense, a driver and occupant monitoring
system, uses artificial intelligence to recognize drivers' and
passengers' states and activities for enhanced safety and comfort.
These factors are anticipated to fuel market growth during the
forecast period.
The Autonomous Vehicle Industry is experiencing significant
growth, with Driver Monitoring Systems (DMS) becoming a key trend.
Passenger cars and commercial vehicles are integrating these
technologies to enhance safety and improve user experience.
Lightweight and cost-effective components are crucial for mass
adoption. Heads-up displays, facial recognition, and eye tracking
are common DMS features. Renesas Electronics and Veoneer are some
companies contributing to this market. The systems help prevent
accidents by detecting driver drowsiness, distraction, and
inattention. The market is expected to grow steadily due to
increasing regulations and consumer demand for safer vehicles. The
future of driving lies in advanced driver assistance systems and
fully autonomous vehicles.
Research report provides comprehensive data on
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Report
Market Challenges
- The automotive driver monitoring market is witnessing
significant growth due to the integration of advanced electronic
systems in modern vehicles. These systems, including driver
monitoring systems, offer enhanced safety, security, comfort, and
convenience. However, the increasing use of electronics and cloud
storage raises concerns over data privacy and cybersecurity.
Hacking and data theft are potential risks, particularly with the
growing adoption of over-the-air updates. Regulatory bodies are
addressing these issues, but effective measures are still needed to
mitigate risks and ensure market growth.
- The Autonomous Vehicle Market is experiencing significant
growth, with Driver Monitoring Systems (DMS) becoming a crucial
component. DMS ensure safe and efficient operation of vehicles by
continuously monitoring the driver's state and behavior. However,
challenges persist in implementing these systems effectively. One
challenge is ensuring accuracy in detecting driver drowsiness and
distraction. Another is integrating DMS with other vehicle systems
and ensuring data privacy. Additionally, cost and regulatory
compliance are major considerations. To address these challenges,
companies are investing in advanced technologies like computer
vision and machine learning. These technologies enable more
accurate and real-time driver monitoring, enhancing safety and
convenience for passengers.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This automotive driver monitoring market report extensively
covers market segmentation by
- Type
- 1.1 Driver state monitoring
- 1.2 Driver health monitoring
- Application
- 2.1 Commercial vehicles
- 2.2 Passenger cars
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Driver state monitoring- The automotive driver
monitoring market is witnessing significant growth due to the
increasing need for enhancing driver safety during long or
continuous drives. Factors such as rising road traffic, growing
demand for vehicles, and improving infrastructure are driving the
number of self-driven road trips. Driver state monitoring systems,
which detect drowsiness, tiredness, and distraction, are essential
for commercial vehicle applications where drivers are more prone to
exhausted driving. Key players in this market include Valeo SA and
Seeing Machines, offering camera-based systems with driver
identification features and drowsiness detection capabilities,
respectively.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Automotive Driver Monitoring market is experiencing
significant growth due to the increasing demand for enhanced safety
features in cross-state passenger traffic. Autonomous vehicles
equipped with artificial intelligence and advanced driver
monitoring systems are revolutionizing the industry. These systems
utilize component technologies such as cameras, driver state
sensing systems, and driver monitoring systems to ensure optimal
driver health and alertness. Safety features like eye tracking,
head pose analysis, facial expression analysis, steering wheel
control analysis, and vehicle control analysis are integral
components of these systems. Cloud systems and internet-based
platforms facilitate real-time data processing and analysis,
providing early warnings for potential drowsiness or other driver
health issues. Driver health monitoring systems employ heart rate
monitoring, EEG monitoring, and respiration rate monitoring, among
other techniques, to assess driver well-being. Skin conductance
monitoring is another emerging technology that can detect driver
stress levels and contribute to overall safety.
Market Research Overview
The Automotive Driver Monitoring market is a significant segment
in the global automotive industry. This technology utilizes various
sensors and cameras to monitor the driver's vital signs, eye
movement, and behavior while driving. The primary goal is to ensure
road safety by detecting drowsiness, distraction, and other
potential risks. The market is driven by stringent regulations,
increasing consumer awareness, and technological advancements. The
systems offer features like alerting the driver with warnings and
taking corrective actions if necessary. The integration of machine
learning algorithms and artificial intelligence enhances the
system's accuracy and effectiveness. The market is expected to grow
at a steady pace due to the increasing demand for advanced safety
features in vehicles.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Driver State Monitoring
- Driver Health Monitoring
- Application
-
- Commercial Vehicles
- Passenger Cars
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio