Driver Safety Market

Global Driver Safety Market Size (2023 To 2028)

The global driver safety market is expected to be valued at USD 33.83 billion in 2023 and is anticipated to reach a valuation of USD 60.96 billion by 2028, growing at a CAGR of 12.50% from 2023 to 2028.

Strong government regulations on driver safety and growing concerns about road accidents have increased the demand for driver safety technologies. The increase in the number of road accidents has led automakers to work on safety and automotive technologies to prevent accidents. The introduction of new technologies, such as the Driver Alert Status Detection System, Electronic Stability Control (ESC), and others, it has contributed to the growth of the driver safety market. These technologies address safety issues and various causes, such as driver distraction caused by fatigue and drowsiness, and have helped reduce road accidents in recent times.

Catastrophic accidents/fatalities, threats, and natural/unnatural disasters have been the main drivers of growth in the sector. The continuing rise in the number of accidents/deaths, crimes, and terrorist attacks is increasing the demand for road safety. A coordinated response to the problem involves the implementation and development of a multisectoral strategy with specific funds for the prevention of transit-related injuries so that activities can be completed promptly. The introduction of new technologies, such as the Driver Alert Status Detection System, Electronic Stability Control (ESC), and others, it has contributed to the growth of the driver safety market. These technologies address safety issues and various causes, such as driver distraction caused by fatigue and drowsiness, and have helped reduce road accidents in recent times.

Budget constraints and a lack of security knowledge can hinder the growth of the market.

REPORT COVERAGE:

This research report on the global cargo handling equipment market has been segmented and sub-segmented into the following categories.

Global Driver Safety Market - By Technology:

• Eye Tracking/Blink Monitoring
• Facial Expressions/Head Movements
• Heart Rate Monitoring
• Pressure/Angle Steering Sensor
• Lane Departure Warning
• Off-Highway Vehicle

Global Driver Safety Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Asia-Pacific region is the leading region of the driver safety market. The Asia Pacific region is expected to post significant growth in the driver safety market. Government regulations on safety and increased competition in the automotive industries have led manufacturers to adopt safety technologies that, in turn, will boost the driver safety market.

KEY MARKET PLAYERS:

Denso Corporation, Robert Bosch GmbH, Continental AG, Magna International Inc., Valeo S.A., Tobii AB, Seeing Machines, Infineon Technologies AG, Optalert PTY Ltd, Smart Eye AB. Are playing a dominant role in the global driver safety market.

MARKET TARGET GROUP:

• Manufacturers of driver safety systems.
• sensor manufacturers
• Distributors and suppliers of automotive safety systems.
• car manufacturers
• Mining and construction suppliers.
• mining operators
• Professional associations and experts.

MARKET KEY POINTS:

1. Overview of the key market forces that drive and limit the market growth.
2. Updated analyses of market trends and technological improvements.
3. Accurate analysis of competitive market dynamics to give you a competitive advantage
4. An analysis of the strategies of the main competitors.
5. A set of tables and SWOT analyses of the main segments of the industry.
6. Detailed reviews of industry trends.
7. A map of well-defined technological growth with impact analysis.
8. Provides a clear understanding of the competitive landscape and the key product segments