Global Driver Monitoring Systems Market Trends And Strategies Of Major Players In The Driver Monitoring Systems Market 2021-2030
2 Sep, 2021
The driver monitoring systems market consists of sales of driver monitoring systems which is used to collect recognizable information about the driver for assessing the capability of the driver to perform the driving task safely.
Global Driver Monitoring Systems Market Size And Drivers:
The global driver monitoring systems market is expected grow from $0.96 billion in 2020 to $1.06 billion in 2021 at a compound annual growth rate (CAGR) of 10.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.64 billion in 2025 at a CAGR of 12%. Increase in road-safety awareness due to the rise in several on-road accidents caused by the driver due to fatigue and distraction is the major driver for the driver monitoring systems (DMS) market.
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Trends In The Global Driver Monitoring Systems Market
The global driver monitoring system market is experiencing several technological advances that are expected to boost the market in the forecast period. A rising trend is prominent OEMs (Original Equipment Manufacturers) and MROs (Maintenance Repair and Overhaul) developing advanced detection technologies for drivers of vehicles.
Global Driver Monitoring Systems Market Segments:
The global driver monitoring systems market is further segmented –
By Monitoring Type: Driver Alertness/Distraction Monitoring, Driver Fatigue Monitoring, Drunk Driving Monitoring, Identity Recognition
By Vehicle Type: Passenger Vehicles, Commercial Vehicles
By Component: Interior Camera, Sensors, Other Components
By Geography: The global driver monitoring systems market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Driver Monitoring Systems Market At:https://www.thebusinessresearchcompany.com/report/driver-monitoring-systems-market-global-report-2020-30-covid-19-growth-and-change
Driver Monitoring Systems Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides driver monitoring systems market overviews, analyzes and forecasts market size and growth for the global driver monitoring systems market, driver monitoring systems market share, driver monitoring systems market players, driver monitoring systems market segments and geographies, driver monitoring systems market’s leading competitors’ revenues, profiles and market shares. The driver monitoring systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.