The automotive teen driver technology is used to control the performance of the vehicle when the teen driver mode is activated in the vehicle. The teen driver technology reduces the risk of accidents and also monitors the driving of the driver. The teen driver technology has been developed for young and new drivers, as activation of this technology in the vehicle increases the intensity and effects of all the safety features available in the vehicle. The automotive teen driver technology is expected to play a very vital role in saving lives of teen drivers in the near future. During driving experience is the major factor for the safe operations of the vehicle as the demand for vehicles is fuelling the numbers of teen drivers, while teen drivers are known to be more reckless than drivers of other age groups. The risk of a fatal collision of the vehicle driven by a driver of age over 20 is less than the risk exhibited by the driver whose age is between 16-19 years, it is observed that during this age the risk is expected to be thrice the heavy vehicle collision occurs during this age. The teen driver technology system allows parents to regulate the speed limit, music volume, and other features of the vehicle.
Rate of adoption of this technology is expected to rise during the forecast period, as the demand for technologically advanced vehicles is rising due to the incorporation of various safety features and electrical system. These are key factors driving the automotive teen driver technology market. The teen driver technology can maintain a report card of the driver, which contains the details and history of the driving behavior of the driver. This technology can prove highly helpful to improve the driving habits of new drivers, which in turn is a key factor that is projected to drive the automotive teen driver technology market in the near future. However, lack of availability and adoption of the technology is a major restraint of the automotive teen driver technology market.
The global automotive teen driver technology market can be segmented based on vehicle type, sales channel, and region. In terms of vehicle type, the automotive teen driver technology market can be divided into passenger vehicle and commercial vehicle. Based on region, the global automotive teen driver technology market can be segregated into Asia Pacific, Middle East & Africa, Europe, Latin America, and North America. The automotive teen driver technology market in North America is expected to expand at a high growth rate during the forecast period, due to an increase in the demand for vehicles and rise in per capita income of people in the region. The large young population is expected to be the target consumers for the teen driver technology. Furthermore, China and India are major automotive producers in the world, which is a key factor that is projected to drive the automotive teen driver technology market in the region during the forecast period. These countries have a considerably large young population and increase in demand for safety features among youngsters is expected to boost the demand for automotive teen driver technology.
Key players operating in the global automotive teen driver technology market include General Motors, Ford Motor Company, and AAA insurance.
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