LONDON–(BUSINESS WIRE)–#Automotive–The global automotive driver state monitoring system market is poised to grow by USD 649.37 million during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The market fragmented with the presence of well-established players that design and develop automotive driver state monitoring systems for OEMs. Most of the players are concentrating on the passenger cars segment. Besides, vendors are also making significant investments in the development of driver state monitoring system for commercial vehicles. Currently, the penetration of the technology is high in developed countries across the Americas and Europe due to the presence of stringent vehicle safety norms. The market is also picking up pace in developing regions such as APAC with the rising focus on passenger safety.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive driver state monitoring system market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.
Frequently Asked Questions:
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Based on segmentation by application, which is the leading segment in the market?
The passenger cars segment led the market in 2019. -
What are the major trends in the market?
The increasing popularity of semi-autonomous vehicles is the major trend in the market. -
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 9% during 2020-2024. -
Who are the top players in the market?
Aisin Seiki Co. Ltd., Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Robert Bosch GmbH, Seeing Machines Ltd., Tobii AB, and Visteon Corp. are the top players in the market. -
What are the key market drivers and challenges?
The market is driven by the increasing number of road accidents. However, the high cost of driver state monitoring systems might challenge growth. -
How big is the European market?
Europe dominated the market with a 38% share in 2019.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Seiki Co. Ltd., Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Robert Bosch GmbH, Seeing Machines Ltd., Tobii AB, and Visteon Corp. are some of the major market participants. Although the increasing number of accidents will offer immense growth opportunities, the high cost of driver state monitoring systems is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive driver state monitoring system market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Driver State Monitoring System Market 2020-2024: Segmentation
Automotive Driver State Monitoring System Market is segmented as below:
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Application
- Passenger Cars
- Commercial Vehicles
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Geography
- Europe
- North America
- APAC
- South America
- MEA
The passenger cars segment provided maximum opportunities for vendors in 2019. This can be attributed to the rising focus on passenger safety coupled with high sales of passenger vehicles. The market growth in the segment will be significant over the forecast period.
Similarly, Europe offered several growth opportunities for vendors in 2019. Germany and France are the key markets for automotive driver state monitoring systems in Europe.
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Automotive Driver State Monitoring System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive driver state monitoring system market report covers the following areas:
- Automotive Driver State Monitoring System Market Size
- Automotive Driver State Monitoring System Market Trends
- Automotive Driver State Monitoring System Market Industry Analysis
This study identifies the increasing popularity of semi-autonomous vehicles as one of the prime reasons driving the Automotive Driver State Monitoring System Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Driver State Monitoring System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive driver state monitoring system market growth during the next five years
- Estimation of the automotive driver state monitoring system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive driver state monitoring system market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive driver state monitoring system market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger cars – Market size and forecast 2019-2024
- Commercial vehicles – Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aisin Seiki Co. Ltd.
- Aptiv Plc
- Autoliv Inc.
- Continental AG
- DENSO Corp.
- Hyundai Mobis Co. Ltd.
- Robert Bosch GmbH
- Seeing Machines Ltd.
- Tobii AB
- Visteon Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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