Driver Safety Market for Passenger Cars Market, By Off-Highway (Construction Equipment, and Mining Equipment), and By Technology (Pressure or Angle Steering Sensor, Facial Expressions or Head Movements, Passenger Car Driver Fatigue Monitoring System, Passenger Car Distraction Monitoring System, Eye-Tracking or Blink-Monitoring, Lane Departure System, and Heart Rate-Monitoring): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for driver safety market for passenger cars market was valued at approximately USD 2.17 Billion in 2019, and is expected to generate revenue of around USD 3.34 Billion by end of 2026, growing at a CAGR of around 6.24% between 2020 and 2026.

17-Oct-2020 | Number of pages: 110 | Report Code: ZMR-668 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for driver safety market for passenger cars market was valued at approximately USD 2.17 Billion in 2019, and is expected to generate revenue of around USD 3.34 Billion by end of 2026, growing at a CAGR of around 6.24% between 2020 and 2026.

Global Driver Safety Market for Passenger Cars Market: Overview

Passenger cars are highly used due to increasing pressure from the government authorities regarding safety systems for passengers and drivers in order to prevent accidents caused by tiredness and drowsiness. Recently, increased road accidents caused by driver distractions have resulted in the government setting strict regulations on the passenger car driver. Mining industries involve long working hours, shifts, extreme work conditions, and monotonous and dangerous routes. These factors contribute considerably to driver distraction and fatigue, which may lead to serious threats to the life of the driver and other mine operators.

Global Driver Safety Market for Passenger Cars Market: Growth Factors

Rising technological advancements in the driver safety market for passenger cars may drive the demand in the global market in the future. In addition, increasing health and safety concerns is another factor that is anticipated to contribute to market growth in the near future. The major growth factor of the global driver safety market for passenger cars is the growing demand for comfort and luxury in passenger cars. However, stringent safety regulations set by the government are expected to propel the growth of the global driver safety market for passenger cars. Conversely, the high cost of the system and complexity associated with it may hinder the global driver safety market for passenger cars in the future. Many passenger cars adopt distraction monitoring systems, which may fuel the global market in the future.

Global Driver Safety Market for Passenger Cars Market: Segmentation

The global driver safety market for passenger cars is segmented on the basis of off-highway as mining equipment and construction equipment. Based on technology, the global market is bifurcated as pressure or angle steering sensor, facial expressions or head movements, passenger car driver fatigue monitoring system, passenger car distraction monitoring system, eye-tracking, or blink-monitoring, lane-departure system, and heart rate monitoring.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Driver Safety Market for Passenger Cars Market: Regional Analysis

The Asia Pacific is the dominating region in the global driver safety market for passenger cars and is anticipated to continue its influence in the near future. Enhancing socio-economic conditions in developing economies such as Thailand, China, Indonesia, and India also fosters the global market in the coming future. Increasing road accidents caused by distracted drivers in India and China may propel the demand for driver fatigue monitoring systems.

Global Driver Safety Market for Passenger Cars Market: Competitive Players

Key players in the global driver safety market for passenger cars are Robert Bosch GmbH, Infineon Technologies AG, Optalert Pty Ltd., Continental AG, and Smart Eye AB. Other players influencing the global market are Denso Corporation,  Magna International Inc., Seeing Machines, Tobii AB, and Valeo S.A.

Driver Safety Market for Passenger Cars Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Rising technological advancements in the driver safety market for passenger cars may drive the demand in the global market in the future. In addition, increasing health and safety concerns is another factor that is anticipated to contribute to market growth in the near future. The major growth factor of the global driver safety market for passenger cars is the growing demand for comfort and luxury in passenger cars.

According to Zion Market Research, global demand for driver safety market for passenger cars market is expected to generate revenue of around USD 3.34 Billion by end of 2026, growing at a CAGR of around 6.24% between 2020 and 2026.

The Asia Pacific is the dominating region in the global driver safety market for passenger cars and is anticipated to continue its influence in the near future. Enhancing socio-economic conditions in developing economies such as Thailand, China, Indonesia, and India also fosters the global market in the coming future. Increasing road accidents caused by distracted drivers in India and China may propel the demand for driver fatigue monitoring systems.

Some main participants of the driver safety market for passenger cars market are Robert Bosch GmbH, Infineon Technologies AG, Optalert Pty Ltd., Continental AG, Smart Eye AB, Denso Corporation, Magna International Inc., Seeing Machines, Tobii AB, and Valeo S.A., among others.


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