Article -> Article Details
| Title | Automotive Driver Monitoring System Market Share, Size & Competitive Landscape Report 2030 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Automotive Driver Monitoring System Market, Automotive Driver Monitoring System Market Size, Automotive Driver Monitoring System Market Trend, Automotive Driver Monitoring System Market Share, Automotive Driver Monitoring System Market Growth Report. |
| Owner | MarkNtel |
| Description | |
Future Automotive Driver Monitoring System Market: Key Dynamics, Size & Share AnalysisThe Global Automotive Driver Monitoring System Market size was valued at USD 2.2 Billion in 2023 and is projected to reach USD 5.6 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2025-30. Extended illness or immediate health complications can result in severe road accidents or crashes. Per The National Highway Traffic Safety Administration, almost 3,000 people died in 2019 due to distracted driving, up 10% over 2018. In addition, intoxicated driving also grown, resulting in the loss of 10,142 persons in the same year. However, automotive driver monitoring systems (DMS) can supersede the driving inputs and slow the vehicle until the driver realizes the alert, thereby curbing the casualties. Top Market Challenges Impacting the Automotive Driver Monitoring System Market GrowthIncreasing 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. Unlock exclusive insights into the Automotive Driver Monitoring System– request your free sample PDF now and explore key trends, growth drivers, and competitive strategies shaping the industry- https://www.marknteladvisors.com/query/request-sample/global-automotive-driver-monitoring-system-market.html Understanding the Core Segments in the Automotive Driver Monitoring System MarketAutomotive Driver Monitoring System Market Size, Share & Industry Trends Analysis- 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), and Others. Geographical Analysis of the Automotive Driver Monitoring System MarketBy Region
Who Dominates the Automotive Driver Monitoring System Market Insights on Key Industry Players?Companies are strengthening their presence in the Automotive Driver Monitoring System market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
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