Driver Monitoring Systems (DMS) Market Size
The driver monitoring systems (DMS) market size was valued at $1.55 billion in 2023 and is projected to reach $2.95 billion by 2029, growing at a CAGR of 11.3% from 2023 to 2029.
Driver Monitoring Systems (DMS) Market Overview
Driver Monitoring Systems (DMS) are advanced technologies integrated into vehicles to monitor and assess the driver's behavior, attentiveness, and overall state while operating the vehicle. Using a combination of sensors, cameras, and data analytics, DMS continuously tracks the driver's facial features, eye movements, head position, and other relevant parameters to gauge their level of alertness and engagement with the driving task. The system can detect signs of drowsiness, distraction, or impairment, and issue alerts or interventions to ensure the driver remains focused on the road. DMS plays a crucial role in enhancing road safety by providing real-time feedback and potentially preventing accidents caused by driver fatigue or inattention. Additionally, DMS contributes to the development of advanced driver assistance systems (ADAS) and forms an integral part of the evolving landscape of autonomous and semi-autonomous driving technologies, ensuring a safer and more reliable driving experience.
Market Dynamics:
Growth Drivers
- Increasing popularity of autonomous vehicles.
- Rising demand for road safety.
Constraints
- High price of DMS technology.
- Lack of standardization on the DMS technology.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles.
By component, the market is fragmented into software and hardware.
Following end user, the market is sorted into original equipment manufacturer (OEM) and aftermarket.
List of the Key Players Profiled in the Report Includes:
- Bosch
- Continental AG
- Valeo
- Delphi Automotive PLC
- Denso Corporation
- Magna International Inc.
- Aisin Seiki Co. Ltd.
- Vision Technologies Systems Inc.
- Gentex Corporation
- Seeing Machines
- Vehicle Intelligence Systems
Market by, Geography:
The driver monitoring systems (DMS) market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
- North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
- Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
- South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
- Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
The report “Global Driver Monitoring Systems (DMS) Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
What Can be Explored with this Research Report:
- Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
- Identify growth opportunities.
- Porter’s five force analysis.
- In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
- Historical and forecast size of the market in terms of revenue (USD Million).
- Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Table Of Content
1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Research Approach
3.6 Data Sources and Assumptions
4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on the Driver Monitoring Systems (DMS) Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Driver Monitoring Systems (DMS) Market by, Vehicle Type
6.1 Overview
6.2 Passenger Cars
6.3 Commercial Vehicles
7 Global Driver Monitoring Systems (DMS) Market by, Component
7.1 Overview
7.2 Software
7.3 Hardware
8 Global Driver Monitoring Systems (DMS) Market by, End User
8.1 Overview
8.2 Original Equipment Manufacturer (OEM)
8.3 Aftermarket
9 Global Driver Monitoring Systems (DMS) Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 Bosch
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Continental AG
11.3 Valeo
11.4 Delphi Automotive PLC
11.5 Denso Corporation
11.6 Magna International Inc.
11.7 Aisin Seiki Co. Ltd.
11.8 Vision Technologies Systems Inc.
11.9 Gentex Corporation
11.10 Seeing Machines
11.11 Vehicle Intelligence Systems
Report Details
SKU Code | : DI1979 |
Industry | : Information & Technology |
Region | : Global |
Tables | : 54 |
Format | : Electronic PDF |
Published | : 2023 |
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