The Business Research Company's latest study on Driver Monitoring Systems Market Global Report 2020-30: Covid 19 Growth And Change
LONDON, GREATER LONDON, UK, May 15, 2020 /EINPresswire.com/ — The global driver monitoring system market is expected to grow from $0.99 billion in 2019 and to $1.01 billion in 2020 at a growth rate of 2.29%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $1.45 billion in 2023 at a rate of about 12.64%. Rise in road accidents due to fatigue, distraction, and lack of alertness in the driver coupled with drinking and driving help the DMS market to witness notable growth. However, the high cost of certain systems, such as adaptive cruise control (ACC), night vision, lane departure warning system (LDWS), blind-spot detection (BSD), and limiting its adoption only among luxury cars hampers the growth of driver monitoring systems market.
The driver monitoring system market consists of sales of driver monitoring systems which are used to collect recognizable information about the driver for assessing the capability of the driver to perform the driving task safely. The market consists of revenue generated by the driver monitoring system companies manufacturing the driver manufacturing systems such as facial recognition/ head movement, heart rate monitoring, blink monitoring, steering angle sensor and a pre-collision system.
Request For A Free Sample For The Global Driver Monitoring Systems Market Report:
The global driver monitoring systems market is further segmented based on type and geography.
By Monitoring Type: Driver Alertness/Distraction Monitoring; Driver Fatigue Monitoring; Drunk Driving Monitoring; Identity Recognition
By Vehicle Type: Passenger Vehicles; Commercial Vehicles
By Geography: The global driver monitoring systems market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the European driver monitoring systems market accounts for the largest share in the global driver monitoring systems market.
Read More On The Report For The Global Driver Monitoring Systems Market At:
Trends In The Driver Monitoring Systems Market
The global driver monitoring system market is experiencing several technological advances that are expected to boost the market in the forecast period. A rising trend is prominent OEMs (Original Equipment Manufacturers) and MROs (Maintenance Repair and Overhaul) developing advanced detection technologies for drivers of vehicles.
Driver Monitoring Systems Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides driver monitoring systems market overviews, analyzes and forecasts driver monitoring systems market size and growth for the global driver monitoring systems market, driver monitoring systems market share, driver monitoring systems market players, driver monitoring systems market size, driver monitoring systems market segments and geographies, driver monitoring systems market trends, driver monitoring systems market drivers and driver monitoring systems market restraints, driver monitoring systems market’s leading competitors’ revenues, profiles and market shares. The driver monitoring systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More
Read Driver Monitoring Systems Global Market Report 2020 from The Business Research Company for information on the following:
Markets Covered: Global Driver Monitoring Systems Market
Data Segmentations: Driver Monitoring Systems Market Size, Global And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Driver Monitoring Systems Market Organizations Covered: Delphi Automotive PLC, Visteon Corporation, Valeo SA, Continental AG, , Robert Bosch GmbH, , Seeing Machines, Faurecia, DENSO Corporation, Magna International, Aisin Seiki Corporation Limited (Japan)
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa
Time Series: Five years historic (2015-19) and forecast (2019-23)
Other Information And Analyses: PESTEL analysis, driver monitoring systems market customer information, driver monitoring systems market product/service analysis – product examples, driver monitoring systems market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global driver monitoring systems market in 2020 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Driver Monitoring Systems Industry: The report explains a number of strategies for companies in the driver monitoring systems market, based on industry trends and company analysis.
Opportunities For Companies In The Driver Monitoring Systems Sector: The report reveals where the global driver monitoring systems industry will put on most $ sales up to 2023.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Driver Monitoring Systems Global Market Report 2020:
Autonomous Cars Market Global Report 2020-30: COVID-19 Growth and Change
Connected Cars Market Global Report 2020-30: COVID-19 Growth and Change
Electric Cars Market Global Report 2020-30: COVID-19 Growth and Change
Source: EIN Presswire