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Driver Alert System Market Size
- Report ID: GMI6467
- Published Date: Nov 2024
- Report Format: PDF
Driver Alert System Market Size
The global driver alert system market size was valued at USD 9.5 billion in 2024 and is projected to grow at a CAGR of 14.5% between 2025 and 2034. The rising integration of AI and machine learning in vehicles to deliver more accurate alerts and warnings along with enhanced analysis of driver behavior will drive the market growth. The emergence of various sophisticated technologies has steered greater consumer interest in vehicles deployed with ADAS features for driving comfort and safety. As per NSC Injury Facts, ADAS technologies offer the potential to limit 20,841 deaths annually, or around 62% of total traffic deaths.
The rising development as well as deployment of semi-autonomous vehicles will enhance the demand for driver alert systems. Recent research estimates that approximately 8 million on the road vehicles would be autonomous or semi-autonomous by 2025. However, the higher implementation costs of advanced systems and limited accuracy in detecting driver fatigue or distraction due to environmental factors, such as lighting conditions may limit the product uptake to some extent.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Driver Alert System Market Size in 2024: | USD 9.5 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 14.5% |
| 2034 Value Projection: | USD 35 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 180 |
| Segments covered: | Vehicle, System, Component |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Driver Alert System Market Scope
