Global Automotive Driver Monitoring System (DMS) Market Size By Product, By Application, By Geographic Scope And Forecast
Report Highlights
Automotive Driver Monitoring System (DMS) Market Size And forecast
Automotive Driver Monitoring System (DMS) Market was valued at USD 1.01 Billion in 2019 and is projected to reach USD 2.16 Billion by 2027, growing at a CAGR of 10% from 2020 to 2027.
Global Automotive Driver Monitoring System (DMS) Market Overview
Automotive OEMs are keen about offering DMS by equipping vehicles with higher-order intelligence and automation about the state of the driver and the safety of passengers. OEMs are anticipated to sign more partnerships with technology firms to discover new opportunities and technologies in the DMS industry. The global driver monitoring system market is majorly driven by the increase in vehicle accidents has boosted the adoption of driver monitoring system (DMS). These accidents can be majorly attributed to driver distraction, fatigue, and lack of alertness & drink and drive cases. Also, a rise in the need for efficient and convenient driving experience is another reason boosting the demand for the global driver monitoring system (DMS) market. The presence of strict government regulations regarding driver safety is likely to pump the demand for driver monitoring systems (DMS) in the automotive industry across the globe.However, there are certain restraints and challenges which are likely to deter market growth. The high cost associated with the driver monitoring system (DMS) is a key factor that is likely to hamper the global driver monitoring system (DMS) market during the forecast period.
Global Automotive Driver Monitoring System (DMS) Market: Segmentation Analysis
The Global Automotive Driver Monitoring System (DMS) Market is segmented based on Material Type, Component, Monitoring type, And Geography.
Key Players in Automotive Driver Monitoring System (DMS) Market
The Global Automotive Driver Monitoring System (DMS) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Autoliv, DELPHI, Visteon Corporation, Tobli, Smart Eye, Johnson Controls, Valeo, DENSO, and Continental.
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