The Asia Pacific Driver Monitoring Systems Market would witness market growth of 10.5% CAGR during the forecast period (2023-2029).
The vast majority of car crashes result from human error, namely those involving preoccupied or overly tired drivers. Car manufacturers are now adopting Driver Monitoring Systems that can detect driver impairment and enable appropriate interventions due to regulations and legislation placed on the industry. The Driver Monitoring System gathers information about the driver's status and behaviour through several sensors, including cameras mounted within the vehicle, computer vision, and artificial intelligence. An important piece of equipment that can identify whether or not a driver is distracted or drowsy.
The latest generation of DMS can differentiate between all different kinds of people and objects, which enables greater personalization of the interior systems and features of the vehicle, from chairs that can be adjusted automatically to a registered user to windshield wipers that can be actuated by the driver's gaze to information and entertainment systems that can sense the driver's mood and emotions and modify accordingly.
The road crash death rate in regional Australia is significantly higher at 9.6 per 100,000 individuals, compared to major cities, where it is 2.2 per 100,000. One of the primary factors contributing to higher mortality rates in rural areas is the prevalence of high-speed roads, which are associated with a larger proportion of accidents occurring in zones with higher speeds. Several roads in rural and isolated regions feature undivided, single-lane carriageways with subpar surface quality and design and heightened roadside risks. Also, governments in the region are starting to implement strict laws regarding road safety, which will further drive market growth in APAC.
The China market dominated the Asia Pacific Driver Monitoring Systems Market by Country in 2022; thereby, achieving a market value of $297.6 million by 2029. The Japan market is registering a CAGR of 9.8% during (2023 - 2029). Additionally, The India market would showcase a CAGR of 11.1% during (2023 - 2029).
Based on Vehicle Propulsion, the market is segmented into ICE Vehicles and Electric Vehicles. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Component, the market is segmented into Sensors, Cameras and Others. Based on Type of Monitoring, the market is segmented into Driver State Monitoring and Driver Health Monitoring. Based on Vehicle type, the market is segmented into Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Driver Monitoring Systems Market is Projected to reach USD 3.4 Billion by 2029, at a CAGR of 9.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Continental AG, Denso Corporation, Robert Bosch GmbH, NXP Semiconductors N.V., Panasonic Holdings Corporation, ZF Friedrichshafen AG, Intel Corporation, Hitachi, Ltd., Valeo SA and Renesas Electronics Corporation
By Vehicle Propulsion
By Sales Channel
By Component
By Type of Monitoring
By Vehicle Type
By Country
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