Global Automotive Driver Monitoring System Market Research Report: Forecast

1. Global Automotive Driver Monitoring System Market Research Report: Forecast (2023-2028) +1 628-895-8081 www.marknteladvisors.com sales@marknteladvisors.com

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4. Market Insights • 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. 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.

5. Growth Opportunity: Stringent Regulatory Frameworks by Governments Citing Safety Concerns Governments incorporation of advanced safety systems in vehicles, especially four-wheelers, by manufacturers and automakers. Thus, installing driver alertness/distraction monitoring, driver fatigue monitoring, drunk driving monitoring, drowsiness monitoring systems, airbags, seat belts, and child & pedestrian safety systems have been almost obligatory in premium vehicles. Thus, mounting safety concerns have given rise to the adoption of DMS, aided by the government mandate, accelerating the expansion of the market owing to its rising applicability. For example, Implementing the US infrastructure package ensures around 4,200 lives from distracted driving every year. Thus, the aforementioned safety regulations are envisioned to steer the market's growth in the upcoming years. constantly frame vehicle laws and regulations to emphasize the

6. Market Segmentation of the Industry By Offering Type (Hardware, Software) By Components Type (Image Sensors/Cameras, Pressure Mats, Infrared Sensors, Strain Gauges, Steering Angle Sensors, Others) By Region (North America, South America, Europe, Middle East, Africa, Asia- Pacific)

7. Competitive Benchmarking Faurecia SA, Ford Motor Co., Valeo SA, Delphi Automotive Plc, Robert Bosch Gmbh, Denso Corporation, Continental AG, Visteon Corporation, Nissan Motor Co., Jabil Inc.

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