Drowsiness Monitoring System Market: Introduction
Fatigue related accidents are the cause of over a quarter of all recorded road accidents. Efforts by various automobile manufacturers and technology providers to reduce sleep/micro-sleep and fatigue related accidents has given rise to drowsiness monitoring system technology. Through sensors placed in different parts of the vehicle, drowsiness monitoring system can detect a driver’s drowsiness and fatigue signs and alert him/her to avoid accidents. Different types of drowsiness monitoring systems are presently incorporated in automobiles, which can identify changes in eye or face movements, steering wheel movement, lane movement, and heart rate, among others, and can detect drowsiness of the driver and alert through visual and audio aids. Drowsiness monitoring system has been increasingly adopted by a number of tier-I companies like Audi, Mercedes and Volvo, in their premium segment vehicles. With growing awareness among passengers for better safety features in vehicles, the drowsiness monitoring system market is anticipated to take off in the foreseeable future.
Drowsiness Monitoring System Market: Dynamics
Drowsiness monitoring system is actively being adopted by a number of companies in premium segment vehicles. With the growing consumer demands for better and improved active safety features in vehicles and growing consumer buying power, a number of automotive manufacturers are incorporating drowsiness monitoring system in mid-size, compact and SUV vehicle segments as well. Development of EEG based algorithms and neural network based detection systems is anticipated to remain as a prominent trend in the drowsiness monitoring system market.
Growing sales of electric and autonomous driving vehicles is one of the factors contributing towards the growth of drowsiness monitoring system market. Electric vehicle manufacturers, like Tesla, has been incorporating alert systems in its Autopilot function, to alert the driver during autonomous driving. In addition, growing government regulations in European countries, mandating inclusion of active safety features in vehicles, growing focus of vehicle manufacturers on showcasing active safety as differentiating factor and falling sensor prices are anticipated to further boost the drowsiness monitoring system market. However, high costs associated with research & development and inclusion of active safety features in vehicles is expected to hamper the market growth in key regions.
Drowsiness Monitoring System: Market Segmentation
As per product type, the global drowsiness monitoring system market has been segmented as:
As per vehicle type, the global drowsiness monitoring system market has been segmented as:
As per sales channel, the global drowsiness monitoring system market has been segmented as:
Drowsiness Monitoring System Market: Regional Overview
On regional front, Europe and North America are expected to dominate the demand for drowsiness monitoring system market. Europe owing to its greater market share in global vehicle production and a high level of new technology adoption in automobiles is expected to significantly drive the drowsiness monitoring system market. North America due to its stringent road safety regulations & policies and growing autonomous driving vehicles adoption are expected to position it as one of the leading regions in the global drowsiness monitoring system market. The drowsiness monitoring system market in South Asia and East Asia regions is anticipated to witness significant boost in the coming years owing to growing automobile production, changing consumer requirements for advanced vehicles features and growing electric and luxury vehicle sales in countries like China, India, South Korea and Japan. Middle East is projected to witness a significant rise in adoption of drowsiness monitoring system in automobiles, owing to the high sales of luxury cars in the region. Latin America and Africa are expected to witness a rather sluggish growth in the overall drowsiness monitoring system market, in the coming years.
Global Drowsiness Monitoring System Market: Key Players
Examples of some of the key market participants identified across the global Drowsiness Monitoring System market value chain include:
Brief Approach to Research
The research report presents a comprehensive assessment of the Drowsiness Monitoring System market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Drowsiness Monitoring System market segments such as geographies, application and industry.
The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Drowsiness Monitoring System market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Drowsiness Monitoring System market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company