The Global Automotive Driver Monitoring System Market size was valued at USD 2.2 Billion in 2023 and is projected to reach USD 5.6 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Automotive Driver Monitoring System Market Driver:
Increasing Road Traffic Injuries Worldwide Influenced by Distracted or Drunk Driving – According to WHO, approximately 1.3 million people die yearly from road traffic crashes, costing most countries 3% of their GDP. Even though low- and middle-income nations have about 60% of the world’s vehicles, they account for 93% of all traffic deaths. Given this, the UN General Assembly wants to cut in half the number of people killed and injured in traffic accidents worldwide by 2030. Backed by such ambitions and initiatives stemming from safety concerns, the need for systems that monitors Driver Alertness/Distraction, drunk driving, and Driver Fatigue, and recognition monitoring systems, including Identify, RFID, Fingerprint, and NFC Recognition, has gained traction in recent years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Automotive Driver Monitoring System Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Offering Type
- Hardware
- Software
- By Components Type
- Image Sensors/Cameras
- Pressure Mats
- Infrared Sensors
- Strain Gauges
- Steering Angle Sensors
- Others
- By Monitoring Type
- Driver Alertness/Distraction Monitoring
- Driver Fatigue Monitoring
- Drunk Driving Monitoring
- Identify Recognition
- RFID Recognition
- NFC Recognition
- Fingerprint Recognition
- Others
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- By Drive Type
- IC Engine Vehicle
- Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- By Region
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Faurecia SA, Ford Motor Co., Valeo SA, Delphi Automotive Plc, Robert Bosch Gmbh, Denso Corporation, Continental AG, Visteon Corporation, Nissan Motor Co., Jabil Inc. and others. are looking forward to strengthening their market positions.
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