ALBANY, New York, Sep 08, 2016: Market Research Hub (MRH) has recently announced the addition of a new study on the global driver monitoring systems market to its vast repository. The research report, titled “Global Driver Monitoring Systems Market Research Report 2021,” offers a comprehensive analysis of this market by examining its past performance, key trends, and growth prospects.
With the continual progression in vehicle safety systems, the driver monitoring systems market is expected to gain significant momentum, globally. The growing inclination of automobile manufacturers towards the safety and comfort of drivers and passengers has increased the adoption of driver monitoring systems in the recent times and is likely to continue doing so over the next few years. According to the research study, the rising count of road accidents due to the decreased vigilance level of drivers is the key factor behind the soaring demand for driver monitoring systems. The recent decline in the cost of these systems is also having a positive impact on their adoption across the world.
This 106-page research report presents a descriptive analysis of the performance of the worldwide driver monitoring systems market, considering a number of factors, such as the manufacturing volume, product pricing, the dynamics of demand and supply, capacity utilization, revenue generation, export/import, and the growth rate of this market.
In this research report, the global market for driver monitoring systems has been broadly assessed on the basis of the product, application, and the geography. Based on the product, the market has been categorized into strain gauges, infrared sensing, pressure mats, and image sensing. By application, the market has been classified into drunk driving, driver fatigue, and distraction. Driver monitoring systems find a significant application in the distraction segment, states the market report.
North America, Europe, Southeast Asia, China, India, and Japan have been identified as the key regional markets for driver monitoring systems in this study. Supported by the remarkable rise in its automotive industry, the China market for driver monitoring systems is likely to register strong growth in the coming years. Other regional markets are also expected to report a significant increase in the demand for these systems in the near future due to the growing concerns over drivers’ safety, notes the research study.
The competitive landscape of the global market for driver monitoring systems has also been studied in this research report. The market hierarchy has been determined by examining the profiles of the leading enterprises operating in this market. As per the research study, Robert-Bosch GmbH, Magneti Marelli S.p.A, Valeo SA, Johnson Controls Inc., Delphi Automotive Plc, Aisin Seiki Co. Ltd., Continental Automotive Systems, Denso Corp., Visteon Corp., and Autoliv Inc. are the key market players across the world.
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