The driver monitoring system market is expected to reach an average CAGR of 7.5% during the forecast period. The market is likely to hold a revenue of USD 4.5 billion in 2023 while it is anticipated to cross a value of USD 9.3 billion by 2033.
The research report on the driver monitoring system market states that the increased cross-state passenger traffic, rising number of accidents due to drowsiness, and higher density of autonomous vehicles fuel the market growth. Furthermore, the integration of artificial intelligence, cloud systems, and internet-based systems is enabling the functions of driver monitoring systems (DMS). These systems include a driver-facing camera loaded with infrared LEDs or lasers along with various sensors that detect the driver’s condition.
The advent of self-driving or autonomous driving vehicles has boomed the demand for driver-monitoring systems. The increased transportation of goods and production across states and countries are pushing transport companies to install driver-monitoring systems in trucks. Governments are also strengthening the policies around autonomous vehicles to consider driver monitoring system projects as the future driving force for autonomous vehicles.
Driver monitoring system market analysis explains that leading autonomous automotive brands like Tesla and Toyota are undertaking big projects that load their vehicle with advanced DMS. Alongside this, the challenges of safety and security while being on the highways and country roads are constantly increasing.
These threats involve drink and drive cases, amateur driving, and sleepiness during driving. The major number of accidents occur due to these factors, making driver monitoring systems relevant and in high demand. According to a report released by the World Health Organization (WHO) in 2020, roughly 1.35 million people die each year as a result of traffic accidents.
| Attributes | Details |
|---|---|
| Driver Monitoring System Market CAGR (2023 to 2033) | 7.5% |
| Driver Monitoring System Market Size (2023) | USD 4.5 billion |
| Driver Monitoring System Market Size (2033) | USD 9.3 billion |
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Short-term Growth (2023 to 2026): The increasing number of accidents and government stringent policies for autonomous cars and trucks are expected to flourish the demand for DMS during this period. Furthermore, the companies extending their research and development activities are advancing the vehicle’s features including its safety dynamics. With an important role in driver’s safety, the market is expected to hold USD 4.5 billion in 2023 while it is anticipated to reach USD 5.59 billion by 2026.
Mid-term Growth (2026 to 2029): This period is likely to witness growth through the restoration of manufacturing and increased transport. Alongside this, the transforming road structure and autonomous vehicle-friendly lanes are also gaining traction for the overall success of autonomous automotive and driving monitoring systems. This takes a market value from USD 5.59 billion in 2026 to a value of USD 6.94 billion in 2029.
Long-term Growth (2029 to 2033): The usage of robotic technology along with the addition of artificial intelligence-based transmission is expected to transform the market during this period. The options like cruise control, and ADAS systems in mod-range passenger vehicles are also pushing the market size beyond its boundaries. Thus, the market is anticipated to thrive at a slightly lower CAGR of 7.5% between 2023 and 2033.
The stringent government policies around self-driving cars and other passenger vehicles are pushing vendors to find new ways to safeguard the driver and passengers. Thus, the camera and sensor technology are helping the technology is getting deployed. Moreover, the increasing per capita income in developed nations is reflecting the higher sales of autonomous vehicles like Tesla and others. Higher sales of these self-driving vehicles have a direct and positive impact on the driver monitoring systems market.
The level 3 and level 4 autonomous driving platforms require the DMS. Level 3 is explained by the Society of Automotive Engineers (SAE) as conditional automation. This makes level 3 the platform on which the driver can take his/her hands off the steering while still maintaining the focus on the road. DMS is critical for self-driving or autonomous vehicles at Levels 3 and 4, which require drivers to re-engage and prepare to operate the car at key times along the journey.
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Some of the major restraints for the driver monitoring system market are a limited number of autonomous vehicles, lower awareness around people, and poor & old structured roads. Alongside this, the high cost of autonomous vehicles and third-party DMS installation is also restricting market growth.
| Region/Country | Revenue Share % (2022) |
|---|---|
| United States | 16.9% |
| Germany | 6.8% |
| Japan | 5.0% |
| Australia | 1.3% |
Presence of Major Autonomous Vehicle Brands along with Enhanced Road Structure Flourishes the Regional Growth
The United States driver monitoring system market leads in terms of market share in the North American region. The region is expected to hold a market share of 16.9% in 2023. The growth flourished through the restored logistics and transportation industry along with passenger travel. The presence of the companies like Tesla and higher transportation activities in Canada and the United States is garnering market growth. Government efforts for easy transportation and travel are also fueling the demand for driver monitoring systems.
Hence, the House of Representatives enacted the Moving Forward Act, a USD 1.5 trillion infrastructure plan focused on advancing the roads while making them safer in the country. One of the Act's safety delivers is to require the installation of technology that identifies inattentive or intoxicated driving in newly manufactured automobiles.
High Passenger Vehicle Manufacturing to Support DMS Sales in China
The China driver monitoring system market thrives at a CAGR of 11.8% between 2023 and 2033. The growth is attributed to the higher penetration of autonomous technology. The higher driving population with dense and busy roads is pushing the demand for enhanced safety equipment.
Furthermore, China crossed 33 million production units of passenger vehicles, making the local market a potential market for driver monitoring systems. Regulations mandating the installation of driver monitoring technology in vehicles are underway within the country, which is anticipated to positively impact the DMS market.
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| Category | By Technology |
|---|---|
| Leading Segment | Ultrasonic Sensor |
| Market Share (2022) | 20.5% |
| Category | By Vehicle Type |
|---|---|
| Leading Segment | Light Commercial Vehicle |
| Market Share (2022) | 26.0% |
Based on technology, the ultrasonic sensor leads as it holds a major market share of 20.5% in 2023. The growth of this segment is attributed to it being the low-cost option along with the higher operability delivered by it in the dark. Furthermore, ultrasonic sensor technology is not highly affected by dust, dirt, and high moisture climate, making it a go-to option for the end-user.
Based on technology, the light commercial vehicle segment leads as it holds a market share of 26.0% in 2022. The growth of this segment is expected to be garnered through the higher integration of ADAS in LMVs along with more people preferring it due to the bigger size, more seats, and higher comfort. These factors make LMS a custom family passenger vehicle.
The key players in the market adopt advanced technological additions like artificial intelligence, laser technology, and enhanced sensory technology. Furthermore, the market is expected to gain momentum through several big, medium, and small-scale system developers, manufacturers, and service providers. The vendors focus on high-in-accuracy technologies that can help the DMS to identify the potential threats from the driver’s movements.
How can Driver Monitoring System Vendors Providers Scale their Businesses in the Market?
Market players in the market are working on three major strategies.
Market Developments
The driver monitoring system market is valued at USD 4.5 billion in 2023.
Valeo SA and Mobileye are the key market players.
Ultrasonic Sensors segment is likely to remain preferred through 2033.
Players opt for mergers, product launches and acquisitions.
The United States, Germany, and Japan advancing the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. Ultrasonic Sensor 5.2. Lidar Sensor 5.3. Radar Sensor 5.4. Camera Sensor 5.5. Infrared Sensor 5.6. Pressure Sensor 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. OEM 6.2. Aftermarket 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 7.1. Passenger 7.2. Light Commercial 7.3. Heavy Commercial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Continental AG 16.2. ZF Friedrichshafen AG 16.3. Mobileye 16.4. Aptiv Plc 16.5. Veoneer Inc. 16.6. Valeo SA 16.7. Magna International 16.8. Aisin Seiki Co., Ltd 16.9. Texas Instruments Incorporated 16.10. NXP Semiconductors N.V 16.11. Renesas Electronics Corporation 16.12. Intel Corporation 16.13. Hitachi, Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
Automotive
November 2023
REP-GB-10914
315 pages
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Driver Monitoring System Market
