Europe driver safety market is expected to register a compound annual growth rate of XX% from 2019 to 2024.
Driver safety involves products, solutions and services used to maintain road discipline and prevent accidents. Products include traffic control cameras, incident response and detection systems, while services cover the installation, maintenance and repair of these systems. All of these solutions help keep travelers safe. The growing need for public safety and the improvement of road infrastructure should boost the market in the coming years.
The driver safety market in Europe is mainly driven by the growing need to increase safety for driving individuals in the automotive industry. Increased competition in the automotive industry and demand for safety-related systems will likely increase the need for driver safety systems over the forecast period.
Increased public awareness of safety solutions, such as driver fatigue and distraction monitoring systems, is likely to result in a substantial increase in demand for these systems and could influence the purchasing behavior of consumers in the near future. The passenger car segment is presumed to register the highest portion in the European distraction monitoring market. This can be attributed to strict safety standards in Europe, such as the mandatory incorporation of advanced emergency braking systems and lane departure warning systems in heavy vehicles.
The increasing number of traffic accidents and fatigue victims is an urgent problem for mine operators. Several mining operators and OEMs have already integrated systems to monitor driver fatigue and distraction in vehicles to overcome this problem.
Key factors that limit the growth of the European driver safety market include the high cost of the system and its complex nature.
Several heavy vehicle drivers that are only allowed to drive in the dark and a dangerous route often experience fatigue and distraction, resulting in accidents. As a result, the demand for driver fatigue and distraction monitoring systems among commercial vehicles is likely to increase.
By Vehicle Type:
Depending on the type of vehicle, passenger cars account for the prominent share in the European driver safety market, owing to the rising demand from consumers to have a more protected environment in their vehicles. However, the commercial vehicles segment will likely witness a massive spike in its market due to the augmenting applications and trade activities around the European region in recent years.
Europe had a substantial share of the world driver safety market in 2018, and it accounted for more than 27.0% of overall revenues. The local market is also likely to continue to dominate over the forecast period, due to the early adoption of technology and improvements in road infrastructure. The region is characterized by the presence of several service providers, equipment manufacturers and a large clientele. Companies such as Kapsch TraficCom, Sensys Gatso Group AB and Jenoptik are based in the region, which contributes significantly to its dominant market share.
Research Report Key Highlights:
• A full context analysis, which includes an evaluation of the parent market
• Significant changes in market dynamics.
• Market segmentation in the second or third level.
• Historical market size, current and projected in terms of value and volume.
• Reports and evaluation of recent industry developments.
• Market shares and strategies of the main actors.
• Niche of emerging segments and regional markets.
• An objective evaluation of the market trajectory.
• Recommendations to companies to strengthen their presence in the 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 Technology
6.1.1 Eye tracking/Blink-Monitoring
6.1.2 Facial Expressions/Head Movements
6.1.3 Heart Rate Monitoring
6.1.4 Pressure/Angle Steering Sensor
6.1.5 Lane Departure Warning
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Driver Safety Market, By Vehicle Type
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 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 Technology
7.2.3 By Vehicle Type
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Technology
7.3.3 By Vehicle Type
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 Technology
7.4.3 By Vehicle Type
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Technology
7.5.3 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Technology
7.6.3 By Vehicle Type
8. Key Player Analysis
8.1 Continental AG
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 Valeo S.A.
8.4 Smart Eye AB
8.5 Seeing Machines
8.6 Denso Corporation
8.7 Infineon Technologies
8.8 Tobii AB
8.9 Magna International Inc.
8.10 Optalert PTY Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures