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Automotive Driver Monitoring System Market size was valued at USD 2.5 billion in 2023 and is estimated to register a CAGR of over 8.5% between 2024 and 2032. Government laws mandating driver monitoring devices installed in automobiles have been a major driving factor in improving road safety.
The goal of these regulations is to reduce collisions brought on by fatigue, distraction, and other issues. For instance, according to the U.S. Department of Transportation, in 2023, approximately 19,515 persons lost their lives in motor vehicle traffic crashes, which is a 3.3% drop from the 20,190 fatalities reported in the first half of 2022.
Report Attribute | Details |
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Base Year: | 2023 |
Automotive Driver Monitoring System Market Size in 2023: | USD 2.5 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 8.5% |
2032 Value Projection: | USD 5.2 Billion |
Historical Data for: | 2021 – 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 350 |
Segments covered: | System, Vehicle, Technology, Sales Channel, End-user |
Growth Drivers: |
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Pitfalls & Challenges: |
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The prevalence of cell phones and in-car infotainment systems has increased the risk of distracted driving. By warning drivers when they are not paying attention to the road, Driver Monitoring Systems (DMS) help reduce distractions. The United States is spending USD 886 million in highway safety formula grants that they received in fiscal year 2023 to combat reckless driving, safeguard vulnerable road users, and bring in new partners to improve their programs.
A wide range of driver states, including fatigue, distraction, impairment, and participation in the driving task, must be reliably detected by DMS. It is challenging to develop algorithms that can accurately discriminate between these phases in real-time, especially when taking individual variances in physiology and behavior into account. Usually, cameras and additional sensors are used by DMS to track the driver's actions. The gathering and storing of potentially sensitive driver data has given rise to concerns about data security and privacy. Keeping this data safe from misuse and unauthorized access is crucial for gaining new customers.