Global Automotive Driver Monitoring System Market to grow considerably through 2027

August 24, 2020


According to research report titled ‘Global Automotive Driver Monitoring System Market Size study, by Type (Driver State Monitoring, Driver Health Monitoring), by Application (Portable, Commercial Vehicle) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global automotive driver monitoring system is expected to expand significantly over 2020-2027.
 

For the record, an automotive driver monitoring system is a safety-oriented technology that monitors driver awareness, fatigue as well as dizziness and consequently sends alerts and signals through visual as well as audio alarms in order to avoid accidental mishaps.
 

The report states that advancements in the technology pertaining to driver health monitoring systems has allowed to keep a check on the safety of the passenger as well as the driver, which in turn is bolstering the growth of global automotive driver monitoring system market.
 

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Furthermore, rising adoption of health & safety wearables along with initiatives of several major companies to develop innovative technological solutions are augmenting the market expansion. Inclination towards better car features and luxury aesthetics are further fueling the growth of global automotive driver monitoring system market.
 

Citing an instance, luxury automobile company JLR (Jaguar Land Rover) India witnessed a 16% increase in the sales garnered in the year 2019 as compared to the previous year.
 

On the contrary, high cost of the systems may hamper the growth of global automotive driver monitoring system market.
 

Based on type, global automotive driver monitoring system market is split into driver health monitoring and driver state monitoring. With regards to the application spectrum, the market is divided into commercial vehicle and portable.
 

As per the regional analysis of the report, Europe region accounts for the largest market share and is predicted to showcase similar growth in the ensuing years, owing to increasing utilization of advanced driving technologies.
 

Alternatively, the report claims that Asia-Pacific driver monitoring system industry is projected to register the highest CAGR over 2020-2027. Implementation of numerous safety features by the automotive vertical along with improving economic conditions of developing countries such as China and India are fostering the expansion of the regional market.
 

The major players defining the competitive landscape of global automotive driver monitoring system market include Nissan Motor Corporation, Aptiv PLC, Continental Automotive Systems Inc., Aisin Seiki Co., Ltd., Autoliv Inc., Valeo SA, Tata Elxsi Ltd., Plessey Semiconductors Ltd., Ford Motor Company, and Faurecia SE among others.

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