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Automotive Driver Monitoring System Market Size

  • Report ID: GMI9027
  • Published Date: Apr 2024
  • Report Format: PDF

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Automotive Driver Monitoring System Market Size

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.

 

Automotive Driver Monitoring System Market

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.
 

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.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

Automotive driver monitoring system market size was USD 2.5 billion in 2023 and is expected to register over 8.5% CAGR from 2024-2032 owing to the government laws mandating driver monitoring devices installed in automobiles worldwide.

Automotive driver monitoring system industry from the hybrid segment is expected to hold over 36% share by 2032 due to offering higher precision and dependability in identifying the behavior and condition of drivers.

North America hybrid automotive driver monitoring system industry reached USD 831.2 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the development of increasingly complex DMS with higher accuracy and dependability in the region.

Cipia Vision Ltd., Continental AG, Denso Corporation, Ficosa International S.A., Harman International Industries, Inc., Johnson control, Jungo Connectivity Ltd., and Magna International Inc, are some of the major hybrid automotive driver monitoring system companies worldwide.

Automotive Driver Monitoring System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 25
  • Pages: 220
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