The global Driver Safety market is estimated to develop with a CAGR of about 11% over the determined period. The rising health security and safety is the primary functions of any Driver Safety manufacturing company, day by day the rising of road accident creates positive impact on production of road safety equipment. The increasing awareness about people safety and health issues are the factor which help to boost the Driver Safety market. There are huge companies are focusing on new technological developments in this market that will reduce the harmful effect and also make safeguard to the consumer. Recently the introduction of new vehicles in market with high safety such as driver alertness detection, electronic stability control and some others features contributed in Driver Safety market. As usual the transportation truck only permitted at night that time more chances of driver fatigue due to long distance so accident will happen that’s why the industries are working on electric vehicle with the driver safety functions like automatic control of vehicle at emergency situation.
In 2019, Bosch develops new advanced features into their production such as artificial intelligence, cameras and sensors. The interior monitoring safety is the new developments for the driver health and safety, the new system will reduce the accidents and save driver life in coming year. The interior monitoring system detects driver distraction, tiredness and provides assistance to them, also warns driver of drowsiness.
The government of India put up the new vehicle act, it control the road accidents and provide safety to driver. Government decided penalties on that act because people not follow the traffic rule also the others roads regulations. It act involve discipline, safety, and contained material at the time of driving is necessary.
The new safety monitor launched by Denso to reduce the road accidents and distraction of driver. The aim of Denso is make an accident free world, the Driver Safety features detected by products and it recorded which help to the manager for understanding the actual status of transport vehicles. The safety monitor technique introduced only for commercial vehicles like bus and Trucks.
Megna is the leading automobile company wants to launch new automatic self- driver vehicles in coming year; Max 4 is the systems that can use driver to start self-driving features automatically, it also control the vehicles and trap break in emergency situation.
Rising demand for convenience and safety has boosted the global Driver Safety market. The other features of vehicle which reduces the accidents such as steering sensors, lane departure warning, and spot detection are also driving the market. Government regulations on safety of the passengers and capacity of passengers are promoting the growth of passenger vehicle in the global Driver Safety market. The new innovative technologies are using for production of safety systems, also the advancements in Research and Development in manufacturing industry and introducing new products in the market are the major drivers of global Driver Safety market. Also, the safety and healthy lifestyle is the key factor for the growth. Demand for passengers vehicles and government regulations on passengers’ vehicles drive the market of Driver Safety. New automated technology attract to the consumer towards vehicles. The interior monitor systems have become crucial in lessening the road mishaps and offering extended safety to the driver.
The costs of the driving systems, low awareness regarding driving kits, and jumbling into the system are the factors hinder the growth of Driver Safety market. In the developed and undeveloped countries, having no awareness of Driver Safety hinders the market. The other serious issue is traffic and emission that are responsible for road accident, and for that, companies launched their innovative product system like eye monitor sensor, facial expression sensors, and steering angel sensors.
The Global Driver Safety Market has been segmented on the basis of vehicles into commercial vehicles, passenger vehicles and cuxury. The passenger vehicle has highest demand in the market due their capacity as well as safety.
The Global Driver Safety Market has been segmented on the basis of technology into eye tracking, head movement, heart rate monitoring, pressure sensors and lane departure system. Interior monitoring system has largest demand, and due to that Driver Safety market growing rapidly.
The Global Driver Safety Market has been segmented by off- highway into constructions and mining. The construction as well as mining vehicles are growing rapidly in this market.
The Global Driver Safety Market has been separated into regions of North America, Europe, Latin America, Asia-pacific and Rest of the world. Asia-Pacific is always dominating in the passenger cars and is foreseen to develop in the coming years also. Enhancing the social and economic learning (SEL) in the countries such as India, China, and Indonesia boost the regional Driver Safety market. Asia Pacific is expected to grow at a CAGR of 6% in between 2020 and 2025. The interior monitor system is finding more demand in Europe due to its features.
Impact of COVID-19 on Driver Safety Market:
The coronavirus outbreak is the pandemic disease in across the world, due to that some positive impact on Driver Safety market such as no traffic, no more road accidents, less pollution and emission, driver do not fatigue more due to less traffic easily cleared the whole distance. However, the shutdown of production industries, transportation, and reduction in the driving system material growth is the factor hampering this market. Also, the slowdown in demand of passenger vehicles is to impact negatively on overall business.
There are some prominent industries in the global Driver Safety market:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Driver Safety Market, By Vehicle Type
6.1.1 Passenger and Commercial Vehicles
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Driver Safety Market, By Technology
6.2.2 Head Movements
6.2.3 Heart Rate Monitoring
6.2.4 Pressure Sensor
6.2.5 Lane Departure System
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Driver Safety Market, By Off-Highway
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Vehicle Type
7.2.3 By Technology
7.2.4 By Off-Highway
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Vehicle Type
7.3.3 By Technology
7.3.4 By Off-Highway
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Vehicle Type
7.4.3 By Technology
7.4.4 By Off-Highway
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Vehicle Type
7.5.3 By Technology
7.5.4 By Off-Highway
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Vehicle Type
7.6.3 By Technology
7.6.4 By Off-Highway
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Robert Bosch Gmbh
8.3 Continental AG
8.4 Magna International Inc.
8.5 Valeo S.A.
8.6 Seeing Machine
8.7 Smart Eye AB
8.9 Optalert Pty Ltd
8.10 Tobii AB
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures