Global Driver Monitoring Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Driver Monitoring Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Driver Monitoring Systems market finds that the global Driver Monitoring Systems market reached a value of USD 1117.0 million in 2022. It’s expected that the market will achieve USD 5386.0 million by 2028, exhibiting a CAGR of 29.98% during the forecast period.

Opportunities

DMS is used mainly to monitor drivers' fatigue and distraction. Yet a larger number of sensors, vision + infrared cameras, and even radars mean availability of more functions, e.g., face recognition, age and gender recognition, emotion recognition, seat belt detection, posture, position and forgetting detection, cabin abnormality detection, and infant detection. Face, gender and expression recognition helps with identity authentication and offers richer interaction between human and vehicle. DMS that is now used just for early warning will enable personalized body control and more functions once it is coupled with ADAS/AD systems.
In October 2019, the European Parliament and Council issued a regulation requiring that all manufacturers ensure that vehicles are designed, constructed and assembled so as to minimize the risk of injury to vehicle occupants and vulnerable road users. Under the new rules, all motor vehicles (including trucks, buses, vans and sport utility vehicles) must be equipped with advanced monitoring systems. Euro-NCAP also issued a roadmap for 2025, which requires that new cars must be equipped with DMS from July 2022.
China has legislated the mandatory installation of DMS for commercial vehicles, and similar stipulations for passenger cars are just around the corner.
The DMS segment is also poised for significant growth also thanks in part to the support of leading safety agencies. In February 2020, the National Transportation Safety Board (NTSB) in the US recommended the use of DMS as an effective means of driver engagement in SAE Level 2 vehicles.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Aisin Seiki is one of the major players operating in the Driver Monitoring Systems market, holding a share of 8.96% in 2020.

Aisin Seiki manufactures motor vehicle parts such as transmissions, clutches, disc brakes, ABS, suspensions, oil pumps, power windows, and power door locks. The Company has sales and production subsidiaries worldwide. AISIN Group is a comprehensive auto parts manufacturer, which is composed of a vast collection of automotive companies led by Aisin Seiki Co., Ltd.

Seeing machines Limited develops computer vision processing technologies that allow machines to see and track human faces and moving objects. These technologies can enable the development of new products and applications, ranging from devices that help improve road safety, to those that help detect eye disease.

Application Overview:

By application, the Commercial Vehicle segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Driver Monitoring Systems market covered in Chapter 3:

NXP
Bosch
Seeing Machines
Veoneer(Autoliv)
Visteon Corporation
Harman
Edge3
Eyesight
Aisin Seiki
Affectiva
PathPartner Technology Inc
Jungo Connectivity (Pioneer)
Faurecia
Jabil Inc.
Continental
Magna
Optalert
CardioID
Adam
Valeo SA
Denso

In Chapter 4 and Chapter 14.2, on the basis of types, the Driver Monitoring Systems market from 2018 to 2029 is primarily split into:

Ultrasonic Sensor
Lidar Sensor
Radar Sensor
Camera Sensor
Infrared Sensor
Pressure Sensor

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Driver Monitoring Systems market from 2018 to 2029 covers:

Commercial Vehicle
Passenger Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)