Driver Monitoring System (DMS) Market

Global Driver Monitoring System (DMS) Market: Overview

The products and solutions offered by players and manufacturers in the global driver monitoring system (DMS) market are also known as driver state sensing or DSS systems. They can be used to prevent the number of road accidents, caused by the state of the driver (sleepy, intoxicated, etc.) These systems use cameras (one or more) as well as sensors to monitor or track the drivers’ eyes in order to sound an alarm when the driver’s attention level is compromised. Several technologically advanced products and systems in the global driver monitoring system (DMS) market can also help in detecting vigilance of the driver by identifying their engagement in multi-tasking activities while driver, such as using mobile phones, or drinking and eating.

The solutions in the global driver monitoring system (DMS) market are installed in various types of automotive vehicles, including heavy commercial vehicles, passenger cars, and light commercial vehicles. By types of monitoring, the solutions offered by manufacturers and leading companies in the global driver monitoring system (DMS) market can be bifurcated into driver health monitoring systems, as well as driver state monitoring systems. Furthermore, by propulsion, these systems can be further categorized into electric vehicles, as well as internal combustion engine or ICE vehicles. The players and companies functional in the global driver monitoring system (DMS) market offer various types of components, including sensors, and cameras, among others. Key sales channels for these products include aftermarket and original equipment manufacturers or OEMs.

Global Driver Monitoring System (DMS) Market: Major Trends and Drivers

Increasing global demand for automotive vehicles with advanced and high-end safety measures and features, as well as the presence of stringent regulations and rules pertaining to driver, is anticipated to boost the growth within the global driver monitoring system (DMS) market in coming years. On the other hand, factors such as complexity of these systems, as well as high cost of initial installation may hamper growth within the global driver monitoring system (DMS) market in near future. However, increasing consumer demand for driver monitoring systems, collision avoidance systems, traction control, tire pressure controls, telematics, parking assistance systems, lane departure warning systems, and electronic stability control systems is anticipated to fuel growth in the global driver monitoring system (DMS) market over the next few years. Moreover, growing number of road accident cases, caused by driver negligence, is also positively affecting growth in the global driver monitoring system (DMS) market.

Global Driver Monitoring System (DMS) Market: Key Players and Manufacturers

Some of the prominent and key stakeholders and participants operating in the global driver monitoring system (DMS) market include Continental AG, Magna International, Inc., Valeo SA, Panasonic Corporation, Texas Instruments, ZF Friedrichshafen AG, Hitachi Ltd., Autoliv Inc., DENSO Corporation, Robert Bosch GmbH, NXP Semiconductors, Renesas Electronics Corporation, Aisin Seiki Co., Ltd., Intel Corporation, and Mobileye B. V., among others. Players in the global driver monitoring system (DMS) market are focused on designing, developing, and deploying new types of affordable DMSs. Moreover, they are also engaged in development of specific systems that can be installed in commercial automotive vehicles.

Global Driver Monitoring System (DMS) Market: Regional Assessment

Europe region dominated the global driver monitoring system (DMS) market in recent past. However, in coming years, the Asia Pacific region is anticipated to record the highest growth rate in the global driver monitoring system (DMS) market. This trend can be attributed to rising demand for luxury automobiles with enhanced safety and comfort features from regional customers, growing purchasing power of the regional customers, and increase in regional population that triggers high demand for automotive vehicles. Furthermore, increasing demand for next-gen electric vehicles from various regional developing economies is also expected to bolster expansion of the Asia Pacific driver monitoring system (DMS) market in coming years.