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2022

Driver Monitoring Systems Market

Driver Monitoring Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Type of Monitoring, by Component, by Vehicle Type, by Vehicle Propulsion, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

AT : Safety and Security Systems

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Author's: Gunjan Malani | Lalit Janardhan Katare
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The global driver monitoring systems market was valued at $1.8 billion in 2021, and is projected to reach $4.6 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031.

The driver monitoring system (DMS) also referred as driver state sensing (DSS) system is a vehicle safety system that prevents the accidents caused by driver getting drowsy. DMS utilizes two or more cameras which are used to track/monitor the drivers’ eyes and raise an alarm if the attention level of the driver is compromised. It utilizes driver facing camera equipped with infrared light-emitting diodes (LEDs) to see/detect the driver’s face even at night and see/detect the driver’s eyes even if the driver is wearing dark sunglasses. Moreover, DMS also detects the driver vigilance by measuring engagement in multi-tasking activities such as eating, drinking, using cellphone and others.

Driver Monitoring Systems Market

The global driver monitoring system market is experiencing growth due to high demand for safety features, and stringent safety rules and regulations. However, high initial cost & complex structure is the factor hampering the growth of the market. Furthermore, technological advancements are expected to offer growth opportunities during the forecast period.

The driver monitoring system market is segmented on the basis of type of monitoring, component, vehicle type, propulsion, sales channel, and region. By type of monitoring, it is segmented into driver state monitoring, and driver health monitoring. By component, it is fragmented into cameras, sensors, and others. By vehicle type, it is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. By vehicle propulsion, it is fragmented into ICE vehicles, and electric vehicle. By sales channel, it is categorized into OEM and aftermarket. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Some leading companies profiled in the driver monitoring system market report comprises Aisin Corporation, Autoliv Inc, Continental AG, Denso Corporation, Intel Corporation, Magna International Inc, NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Inc, Valeo, and ZF Friedrichshafen AG.

Driver Monitoring Systems Market by Vehicle Type

High demand for safety features

The demand for safety features, such as driver monitoring system, parking assistance, collision avoidance systems, lane departure warnings, traction control, electronic stability control, tire pressure monitors, airbags, and telematics is high due to increase in number of road accidents across the globe. Vehicles with installed driver monitoring system can aid in prevention of the accidents caused by driver getting drowsy. In addition, these systems utilize two or more cameras which are used to track/monitor the drivers’ eyes and can raise an alarm if the attention level of the driver is compromised. Furthermore, it is observed that there is a tremendous increase in the death rates due to road accidents.

For instance, according to World Health Organization’s report, nearly 1.25 million people die in road accidents each year. Moreover, road traffic injuries leading to death are higher among teenagers. These factors are leading to the growing demand for safety features in vehicles. Automobile companies are developing and introducing the safety features to meet the needs of the customers. Thus, high demand for safety features drives the growth of the driver monitoring system market.

Driver Monitoring Systems Market by Vehicle Propulsion

Stringent safety rules and regulations

Countries have implemented laws and regulations for vehicles to install safety systems such as driver monitoring system, blind spot detection system, lane departure warning system and tire pressure monitoring system in their vehicles within a stipulated time period. For instance, the Indian government has made amendments to the motor vehicle act, to mandate the use of advanced brake systems in all new models of commercial vehicles starting from April 2022. Technologies such as drowsiness monitoring system, lane departure system, driver monitoring system along with the presence of airbags in vehicles, wearing of seat belts by the passengers, child safety system, pedestrian safety system, and others are made mandatory by countries to be installed in the vehicles.

Moreover, automobile manufactures need to obtain safety ratings from organizations such as the Insurance Institute of Highway Safety (IIHS), New Car Assessment Program (NCAP), and International Centre for Automotive Technology (ICAT) to access the sales license of vehicles in the market. Thus, all these safety rules and regulations mandated by the government are anticipated to boost the growth of driver monitoring system market in the coming years.

Driver Monitoring Systems Market by Sales Channel

High initial cost and complex structure

The high cost associated with installing applications in vehicles is expected to reduce the growth of the driver monitoring system market as this factor increases the cost of the vehicles. Factors such as higher cost involved in the installation of driver monitoring system is leading to the higher cost of vehicles. The prospect of providing premium features in vehicles incurs additional expenses to consumers in the form of hardware, applications, and telecom service charges, which eventually hampers the growth of the driver monitoring system industry.

Moreover, the serviceability of the vehicle is difficult, and requires skilled workers due to several electronic components and sensors. Complex structure of systems reduces the shelf life of vehicles. Thus, high initial cost and complex structure is expected to have a significant impact on the growth of the driver monitoring system market.

Technological advancements

Companies are installing a wider range of features and technologies to their vehicles to provide comfort to consumers and to increase the sales. In addition, technological advancement in electronic components, such as sensors and smartphones which are supported with wireless communication & cloud systems provides better surrounding information and improves the safety of the consumers. The dynamic advancements in technology such as intelligent parking assist system that help park cars smoothly without the involvement of a guide to give directions, night vision system which is useful in area with no or less light, and others have increased the sales of automobile industry.

Driver Monitoring Systems Market by Region

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the driver monitoring systems market analysis from 2021 to 2031 to identify the prevailing driver monitoring systems market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the driver monitoring systems market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global driver monitoring systems market trends, key players, market segments, application areas, and market growth strategies.

Driver Monitoring Systems Market Report Highlights

Aspects Details
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Market Size By 2031

USD 4.6 billion

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Growth Rate

CAGR of 10.2%

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Forecast period

2021 - 2031

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Report Pages

342

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By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
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By Type of Monitoring
  • Driver State Monitoring
  • Driver Health Monitoring
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By Vehicle Propulsion
  • ICE Vehicles
  • Electric Vehicles
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By Component
  • Cameras
  • Sensors
  • Others
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By Sales Channel
  • OEM
  • Aftermarket
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, France, Germany, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Renesas Electronics Corporation, DENSO Corporation, Autoliv, Inc., Aisin Seiki Co., Ltd, ZF Friedrichshafen AG, Robert Bosch GmbH, Hitachi, Ltd., Intel Corporation, Magna International Inc, Panasonic Corporation, Texas Instruments, Continental AG, NXP Semiconductors, Valeo SA, Mobileye B.V.

Analyst Review

The global driver monitoring system market is experiencing growth due to high demand for safety features, and stringent safety rules and regulations.

Some manufacturers in collaboration with each other are developing new rear-view mirror-based driver monitoring system for integration in automobiles, which is expected to be implemented in the near future. For instance, in 2022, Seeing Machines collaborated with Magna International Inc. on a rear-view mirror which incorporates its Driver Monitoring system technology. Both the companies jointly developed a demonstrator model which combines a camera, interior mirror technology and electronics, using Seeing Machines’ enhanced FOVID eDME (embedded driver monitoring system) algorithms and software. Thus, technological advancements are anticipated to provide remarkable growth opportunity for the key players operating in the driver monitoring system market.

The key players of the market focus on introducing technologically advanced products to remain competitive in the market.

Author Name(s) : Gunjan Malani | Lalit Janardhan Katare
Frequently Asked Questions?

The global driver monitoring system market was valued at $1,775.0 million in 2021 and is projected to reach $4,569.9 million in 2031, registering a CAGR of 10.2%.

The top companies in the market include Aisin Corporation, Autoliv Inc, Continental AG, Denso Corporation, Intel Corporation, Magna International Inc, NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, Texas Instruments Inc, Valeo, and ZF Friedrichshafen AG.

The largest regional market is Europe.

The leading application is driver state monitoring.

The upcoming trends include greater adoption of driver monitoring systems in electric vehicles and rise in demand for driver health monitoring system.

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Driver Monitoring Systems Market

Global Opportunity Analysis and Industry Forecast, 2021-2031