Driver Monitoring Systems - World Markets to 2026: Featuring Sumitomo Riko, AG Electronics, Nissan Motor, Aisin Seiki, Autoliv, Valeo, Delphi, and more
September 13, 2018 --
DUBLIN, Sept. 13, 2018 /PRNewswire/ --
The "Global Driver Monitoring Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global driver monitoring systems market is set to expand with a double digit CAGR throughout the forecast period to reach US$ 20,070.6 Mn by 2026.
The driver monitoring systems market is highly driven by increasing demand for automotive safety systems worldwide. Rise in road accidents due to driver's fatigue, distraction, and lack of alertness coupled with drink and drive cases together helps the DMS market to witness notable growth.
DMS finds major adoption among luxury cars with small share for premium cars. Thus, growing market of luxury cars observed as one of the most prominent factors influencing DMS market growth.
Increasing driver's safety concerns coupled with government initiatives regarding drivers safety, among developing countries such as Japan, U.S., Germany and U.K. among others ensuring DMS market growth during the forecast period from 2018 to 2026.
Product development through software upgrade and picture quality improvements observed as one of the highly adopted strategies gaining rapid traction in global DMS market.
The high cost of DMS is limiting its adoption only among luxury cars thereby hampering market growth.
According to research, passenger cars accounted for more than 70% of the market share. Increasing demand for passenger luxury cars as well as for driver safety tools ensuring rapid growth in passenger cars market share over the forecast period.
High preference to the integration of recent technologies among luxury cars along with increasing investments in automotive sector further causes passenger cars segment to lead overall market for driver monitoring systems.
Product highlights such as liveness detection, prevention agents hacking, infrared camera support along with highly optimized core technology and online support, increasing attractiveness for DMS systems among end-users.
Increasing market penetration of luxury cars accounted as one of the highly contributing factor in DMS market growth. In year 2017, global luxury cars market crossed US$ 560 Bn and expected to witness growth of 6% in coming years.
- Sumitomo Riko Company Ltd.
- AG Electronics Inc.
- Nissan Motor Co. Ltd.
- Aisin Seiki Co. Ltd.
- Autoliv Inc.
- Continental Automotive Systems Inc.
- Delphi Automotive PLC
- Denso Corporation
- Johnson Controls Inc.
- Valeo SA
- Visteon Corporation
- Magneti Marelli SpA
- Robert-Bosch GmbH
For more information about this report visit https://www.researchandmarkets.com/research/v2f2c8/global_driver?w=5
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