Driver Safety Market Driven by Demand Surge to Grow Exceptionally; Research Insights by MRFR

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Pune, India — 02/05/2018 — Market Research Future published a research report on “Driver Safety Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Denso Corporation, Robert Bosch GmbH, Continental AG, Magna International Inc., Valeo S.A., Tobii AB, Seeing Machines, Infineon Technologies AG, Optalert PTY Ltd, and Smart Eye AB., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global driver safety market.

Driver Safety Global Market – Overview

The driver safety in the vehicle is an important factor in order to reduce the accidents and death rates. There are various technologies that are developed to safeguard the drivers from getting injured which includes Driver Alertness Detection System, Vehicle-to-Vehicle Communication, Electronic Stability Control (ESC), Eye-Tracking/Blink-Monitoring, Pressure/Angle Steering Sensor, Lane Departure Warning, and Others. Increasing road accident have made the manufacturer to work on the automotive safety & technologies to prevent the accidents. The current automotive industry is moving towards technology based in order to adopt advance technology in the vehicles. The introduction of technology such as driver alertness detection system, electronic stability control (ESC), and others has contributed in the growth of the driver safety market. The driver alertness detection is the cloud based service that monitors the driver about the alertness with the help of camera that is linked with the smartphone. The camera scans the driver's face for signs of fatigue and alerts the driver to unsafe driver conditions. These technologies tackles the safety issues and various causes such as driver's distraction caused by tiredness and drowsiness and have helped to lower down the road accidents in the recent times. The increase adoption of this technology will result in the growth of the driver safety market in future. According to a recent study report published by the Market Research Future, The global market of Driver Safety is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

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The government road safety strategy towards Zero 2008-2020 has made a long term vision for the safety of the drivers in order to prevent accidents which have resulted in death. The Zero is the safe system that is based on to promote safe road users travelling in safe vehicles, at safe speeds, along safe roads and roadsides. This will enable decline in the road accident in result in the growth of the driver safety market. Truck drivers who are only permitted to drive in the dark night and are involved in driving on dangerous route have result in the increasing accident concern. These factors significantly contributes to driver fatigue and distraction which can result in accidents hence in turn is expected to increase the demand for driver fatigue and distraction monitoring systems amongst the commercial vehicles.

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the global driver safety market are that of new product development.

In Dec 2017, DENSO Corporation had demonstrated Connected and Autonomous Vehicle Innovations at CES 2018. The company focuses on developing technologies for safer, more comfortable and convenient mobility.

In Oct 2017, DENSO Corporation has collaborated with FotoNation for the development of Image Recognition Technology.

Target Audience

– Manufacturers of Driver safety
– Traders, distributors, and driver safety suppliers
– Government and research organization
– Investment bankers and M&A Consultants

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Driver Safety Market – Segmentation

The global driver safety market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type : Comprises Driver Alertness Detection System, Vehicle-to-Vehicle Communication, Electronic Stability Control (ESC), Eye-Tracking/Blink-Monitoring, Pressure/Angle Steering Sensor, Lane Departure Warning, and Others.

Segmentation by Vehicle Type : Comprises Passenger, and Commercial

Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Driver Safety Market: Regional Analysis

Asia Pacific is expected to dominate the driver safety market during the forecast period due to increase in Government regulations regarding safety, increasing competition in the automotive industries have led manufacturers to adopt the safety technologies. The increase adoption of safety features in the vehicle by the auto manufacturer is expected to drive the driver safety market in future. North America is expected to be the second largest market due to increase safety awareness and concerns for the road safety. In U.S. there has been continuous evolution of automotive technology which includes greater safety benefits and Automated Driving Systems (ADS) in order to provide safety feature to the driver. The Department of Transportation and the National Highway Traffic Safety Administration are working in order to support the deployment of automated vehicle safety technologies. The increase support from the government will result in the growth of the driver safety market in North America. Europe is expected to be the third largest market in the near future. Germany is the largest contributor in the driver safety market due to increase safety concern for the driver and passenger.

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The report for Driver Safety market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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