The Global Driver Safety System Market is estimated to grow at CAGR of 6.7% between 2020 and 2030. Increased investment in development of advanced vehicle safety system, enforcement of stringent regulatory framework, and rising demand for hybrid electric vehicles to drive the growth of the global driver safety system market. The development and integration of advanced technology has accelerated the sale of passenger vehicles across the globe along with expansion of commercial fleets for freight movement.
Increased disposable income, availability of wide range of options, and declining cost of passenger vehicles across the globe has accelerated the sale of passenger vehicles during past decade. This has accelerated the implementation of stringent regulations to ensure safety of occupants as well as pedestrians, thereby fueling adoption of driver safety systems globally. Additionally, rising consumer awareness regarding safety and integration of safety systems by the automotive OEMs is expected to drive the growth of the global driver safety system market during the forecast period.
Asia Pacific contributed a dominating share to the global driver safety system market in 2019 and is anticipated to be the fastest growing region during the forecast period. Increased adoption of safety features across the passenger vehicles and rising demand from emerging economies in Asia is expected to contribute towards the growth of Asia Pacific driver safety system market. Additionally, the presence of leading automotive manufacturers and automotive component manufacturers across major countries is anticipated to drive the growth of Asia Pacific market in coming years. Europe is expected to hold a prominent share of the global driver safety system market throughout the forecast period and is anticipated to contribute towards the development of advanced safety systems in coming years. North America is expected to grow at a steady CAGR during the forecast period.
Driver Safety system Market Share Analysis, by Geography (2021)
The report titled “Driver Safety System Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global driver safety system market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global driver safety system market is segmented on the basis of technology, vehicle type, propulsion type, sales channel, and geography. Based on technology, the global driver safety system market is segmented into fatigue monitoring system and distraction monitoring system. The fatigue monitoring system is sub-segmented into eye-tracking/blink-monitoring, facial expressions/head movements, heart rate-monitoring, and others. The distraction monitoring system is further sub-segmented into pressure/angle steering sensor, lane departure system, and others. Based on vehicle type, the global driver safety system market is segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, and others. Based on propulsion type, the global advanced driver assistance system market is segmented into internal combustion (IC) engine vehicle and electric vehicle. The electric vehicle segment is further dub-segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). Based on sales channel, the global driver safety system market is segmented into automotive OEM and aftermarket. Based on geography, the global driver safety system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on driver safety system. Further, market share of prominent companies in the global driver safety system market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the driver safety system companies.
The global driver safety system market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the driver safety system business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global driver safety system market.
Major players active in the global driver safety system market include Continental AG, Denso Corporation, Infineon Technologies AG, Magna International Inc., Optalert, Robert Bosch GmbH, Seeing Machines., Smart Eye AB, Tobii AB, and Valeo.
By Vehicle Type:
By Propulsion Type:
By Sales Channel:
By Geography :
The base year considered in Driver Safety System market report is 2022
Major players operating in the global Driver Safety System market include Continental AG, Denso Corporation, Infineon Technologies AG, Magna International Inc., Optalert, Robert Bosch GmbH, Seeing Machines., Smart Eye AB, Tobii AB, and Valeo.
The global Driver Safety System market segmented on the basis of By Technology, By Vehicle Type, By Propulsion Type, By Sales Channel and By Geography.
Asia Pacific is the principal contributor to the global Driver Safety System market.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved