What is the size of the Automotive Driver Monitoring System Market?
The Global Automotive Driver Monitoring System Market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2023-28. Reputable research company Markntel Advisors has conducted a thorough analysis of the Automotive Driver Monitoring System market, taking into account a variety of factors including current developments, trade laws, import-export analysis, production trends, changes in market laws, value chain optimisation, and market share insights. The study is precisely organised, with well-defined sections, chapters, and sub-categories that make it easy for readers to navigate.
The Automotive Driver Monitoring System Market Report also emphasises the importance of domestic and regional market players, developing revenue streams, strategic analysis of market growth, product approvals, the introduction of novel offerings, geographic expansions, and technological advancements. This report’s main goal is to give readers a thorough understanding of the market while highlighting the unique characteristics, contributing factors, and other components that can potentially limit market growth.
Market Drivers:
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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The market segments that make up the Automotive Driver Monitoring System market are very diverse. These segments, which cover variations, trends, and market strategies, are precisely defined and clearly discussed. This all-inclusive strategy provides stakeholders with the crucial knowledge needed to take well-informed decisions and fully comprehend the market. The following segments make up the market:
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
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