The global automotive HUD market, according to MRFR, is expected to witness substantial growth over the review period.
MRFR recognizes the key players in Automotive Driver State Monitoring Systems market are Bosch (Germany), Seeing Machines (Australia), Takata (Japan), Valeo (India), Caterpillar (U.S.), EDGE3 Technologies (Arizona, U.S.), Delphi Automotive Systems (India), Xilinx (U.S.), Continental AG (Germany), Visteon Corporation (U.S.), Aisin Seiki (Japan), Tobii Technology (Sweden), Ficosa (Spain), Denso (Japan), Harman International Industries (U.S.).
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The growing demand for comfort and convenience compelled automakers to develop automation in vehicles. The time required to adopt novel technology among OEMs is decreasing due to rising competition and increasing sales in the automotive market all over the world. These factors have led to the development of semi-autonomous vehicles, which can be powered by themselves and operated manually when necessary. Semi-autonomous vehicles are designed to switch controls as and when required between automatic and manual. High comfort and convenience requirements have also given rise to the need to improve health and safety in a vehicle. Consequently, the growing popularity of semi-autonomous vehicles during the forecast period would drive the growth of the automotive driver state monitoring system market.
A key factor driving market growth is the increasing adoption of a driver-state monitoring system that reduces accident counts. Compared with passenger car drivers, commercial vehicle drivers travel longer distances, leading to drowsiness, fatigue and sometimes distraction. The complex and hectic schedules associated with long distance travel result in driver’s lack of sleep, causing multiple sleep disruptions and stress, which can increase drowsiness and fatigue. These are the main factors which cause the road accidents. Most of the crashes and rear-end collisions are caused by problems related to fatigue.
The market for automotive driver state surveillance systems is exceptionally competitive with every other player performing to gain better market shares. The intense level of competition, rapid innovation advances, changes in government approaches, along with stringent environmental regulations are the main factors that stand up to the development of the market. Vendors compete in terms of cost, product quality and aftermarket service It is important for vendors to provide cost-effective and high-quality driver-state monitoring systems in the competitive market scenario.
The scope of the study segments the Global Automotive Driver State Monitoring Systems Market by its technology, components, and vehicle type, and region.
By technology, the market has been segmented nto sensory analysis, biometric analysis, and cloud data collection and feedback.
By component, the market has been segmented into sensors, cameras, crash resistant steel cabins, and ABS mechanisms.
By vehicle type, the market has been bifurcated into the passenger car, and commercial vehicle.
The market is segmented by region as North America , Asia Pacific, Europe, and Rest of the World. The purchasing power of people in the North America market is very high. There’s a general trend of people purchasing a car in a couple of years and disposing of the previous one. Here the concept of road trip and long journeys is quite popular due to the large roads and vast open landscapes. Furthermore, the tendency to adhere to traffic rules makes this market a lucrative proposal for selling vehicles, in particular using the monitoring system for driver states. The European market is a solid proposal to sell high-tech cars from ancient times. Some of Europe’s best brands have emerged, and this proves their interest in newer and better technology. Furthermore, European countries are falling short of space for new roads and, therefore, real-time driver assistance in connection with traffic is always welcome. This system on the market will ensure that people drive their high-end cars, effortlessly, through cramped spaces. The growing incomes and awareness of different vehicle brands in the Asia Pacific region always make it a lucrative proposition. Therefore, people here are more aware about the road hazards due to internet penetration and thus make an enticing proposal. In addition, countries like Australia are projected to be future destinations as they replicate the American culture in terms of vehicle brand selection and system installation. This will only serve as an additional incentive, promoting further sales of cars.
List of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 TECHNOLOGICAL TRENDS: BY REGION 35
TABLE 4 TECHNOLOGICAL TRENDS: BY COMPETIORS 37
TABLE 5 GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET, BY TECHNOLOGY, 2014-2023 (USD MILLION) 41
List of Figures
FIGURE 1 GLOBAL AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS OF THE AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS MARKET 18
FIGURE 3 KEY BUYING CRITERIA OF AUTOMOTIVE DRIVER STATE MONITORING SYSTEMS 18
FIGURE 4 RESEARCH PROCESS OF MRFR 20
FIGURE 5 TOP DOWN & BOTTOM UP APPROACH 21
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