Driver Monitoring System Market to Grow at 13% CAGR till 2024: TechSci Research
by Anamika Singhal SEO - Executive (Automotive)Growing
technological advancements in automotive industry, rising need to curb road accidents, and government rules and regulations
to fuel global driver
monitoring system market through 2024
According to TechSci Research report, “Global Driver Monitoring System Market
By Vehicle Type, By Monitoring Type, By Offering Type, By Component, By Region,
Competition, Forecast & Opportunities, 2017 - 2024”, driver monitoring system market,
globally, is projected to grow at a CAGR of over 13% during 2019 - 2024, backed
by increasing technological advancements in the automotive industry across the
globe. Growing integration of driver monitoring systems in passenger cars and
commercial vehicles by several automobile manufacturers can be attributed to
the rising need to curb injuries and fatalities in road accidents. Moreover,
expanding fleet of commercial vehicles is expected to push the demand for driver
monitoring systems capable of tracking the drowsiness of truck drivers who
drive for long hours at a stretch.
Browse 2 market data Tables
and 150 Figures spread through 183 Pages and an
in-depth TOC on "Global Driver Monitoring System Market"
https://www.techsciresearch.com/report/driver-monitoring-systems-dms-market/3235.html
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Key players operating in global driver monitoring system market
like Continental AG, DENSO Corporation, Delphi Automotive PLC, Valeo
S.A. and Robert Bosch GmbH are continuously working to develop more affordable
and advanced products to further boost their customer base. On the other hand,
many start-ups are also continuously working to intensify their business
operations by enhancing the quality and portfolio of their products. Several driver monitoring system manufacturers
are investing heavily in research & development activities, while various
others are investing intensively to expand the reach and availability of their
products across the globe.
“With growing
concerns regarding road accidents, driver monitoring systems are emerging as a promising
product to help reduce road accidents related injuries and fatalities. Driver
monitoring systems observe driver’s driving habits and monitor hand and head
movements to identify the driver’s fatigue level and drowsiness level. With continuous technological advancements, driver
monitoring system quality and reliability is anticipated to increase and become
much better during the forecast period, thereby making it a preferred feature
in automobiles in coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global
Driver Monitoring System Market By Vehicle Type, By Monitoring Type, By
Offering Type, By Component, By Region, Competition, Forecast &
Opportunities, 2017 - 2024” has analyzed the potential of driver monitoring system market,
globally, and provides statistics and information on market size, shares and
trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyses emerging trends
along with essential drivers and key challenges faced by driver monitoring system market
across the globe.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
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employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
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Created on May 6th 2019 01:50. Viewed 616 times.