Automotive Driver State Monitoring Systems Market Key Companies Analyzed For This Research Report Are:
Delphi Automotive Plc. (U.K.), Continental AG (Germany), Tobii Technology (Sweden), Visteon Corporation (U.S.), and Aisin Seiki Corporation Ltd. (Japan). Denso Corporation (Japan), Ficosa International SA (Spain), Harman International Industries Inc. (U.S.), Caterpillar Inc. (U.S.), Takata Corporation (Japan), Robert Bosch (German), Valeo (France), Seeing Machine (Australia), Edge3 (U.S.), and Xilinx (U.S.) are among others.
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The automotive driver state monitoring systems market has a presence of many global, regional, and local vendors. The market is highly competitive with all the players performing to gain higher market shares. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality driver state monitoring systems, to survive and succeed in an intensely competitive market environment.
In terms of technology, facial recognition/ head movement segment accounted for the largest market share of 31.24% in 2016, with a market value of USD 1,123.9 million. The driver face monitoring system (facial expression) refers to a real-time system, which investigates the physical and mental conditions of the driver based on the processing of driver face images. Head movement is indication of awareness of the spatial relationship between the vehicle and surrounding traffic and obstacles. Gross head motion can easily be computed with simple frame differencing or flow computations. Therefore, the facial recognition/ head movement segment in the automotive driver state monitoring system market is estimated to expand at the highest CAGR of 10.60%.
On the basis of component type, the sensors segment is poised to expand at the fastest pace during the forecast period. The safety monitoring process involves a combination of attributes that are gathered from different sensors, which include video, electrocardiography, temperature, and a three-axis accelerometer, which are assigned as input variables to an inference analysis framework. Therefore, the sensors segment in the automotive driver state monitoring system market is estimated to expand at the highest CAGR of 10.66%.
On the basis of region, the market has been segmented into the following regions, namely North America, Europe, Asia Pacific, and Middle East & Africa. In North America region, the purchasing power of people is high. Owing to this, the North America region will be the major revenue contributor in the driver state monitoring systems market. The rise in number of on-road accidents caused by driver drowsiness and distraction is also driving the market. The other factors driving the market are the growth of automotive industry, the introduction of stricter regulations, which mandate the use of electronic log devices for tracking the vehicle driving time.
This study provides an overview of the global automotive driver state monitoring system market, tracking three market segments across five regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global automotive driver state monitoring system market by technology, component, vehicle type and region.
The automotive driver state monitoring systems market is witnessing intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations, as key factors that confront market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality driver state monitoring systems, to survive and succeed in an intensely competitive market environment.
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