The latest report on Driver Safety Systems Market by Infinium Global Research gives complete coverage of the driver safety systems market by technology (facial expressions, heart rate monitoring, steering angle sensor, lane departure system and eye-tracking), sales channel (OEM and aftermarket), vehicle type (heavy commercial, commercial vehicle, luxury) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of driver safety systems such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Driver Safety Systems Help Assist the Driver in the Driving Process
Driver safety systems help assist the driver in the driving process. They are designed with a safe human-machine an interface that increases car safety and more generally the road safety. A growing number of modern vehicles have advanced driver-assistance systems such as electronic stability control, anti-lock brakes, lane departure warning, adaptive cruise control, and traction control. Driver advanced safety systems play a key role in reducing the number of vehicle collisions on the road.
There has been a fall of 10% in the number of road accidents over the recent five years owing to the improvement in the technology to keep the drivers safer. As stated in the accident analysis and prevention journal if every car were equipped with blind-spot monitoring, lane departure warnings and forward collision warnings the technologies could prevent the severity of as many as 1.3 million crashes annually including 133,000 damage crashes and 10,100 deadly crashes.
The increase in adoption of ADAS (advanced driver assistance systems) drives the acceptance of driver safety a system in all car types including the compact mid-sized and commercial vehicle. In addition, increasing demand for devices with responsive and approachable features to improve the safety of the drivers and passengers among the car buyers are strengthening the growth of the driver safety systems market. The development of driver assistance systems is governed and regulated by international safety standards, such as IEC-61508 and ISO-26262, as these systems depend on electronics for their functionality.
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Increasing Demand for Devices with Responsive and Approachable Features to Improve the Safety of the Drivers and Passengers
Drivers whose vehicles have ADAS technology stand to benefit from improved perceptibility, better advance warnings, the ability for a vehicle to take control in an emergency situation and more inclusive tools for driving in bad weather or poor road conditions. However, the pricing of the safety systems is curtailing the growth of the driver safety systems. Furthermore, various initiatives are taken by the government for the improvement of the safety of passengers as well as the reduction of accidents. Thus, the carmakers are pressurized to adopt the safety systems owing to the growing focus of the government with regards to the safety of drivers and passengers. This, in turn, is anticipated to open several growth opportunities for the key players for the driver safety systems market over the years to come.
Among the geographies, North America dominated the global driver safety systems market. The growth in the North America region is due to initiatives such as the national highway traffic safety administration (NHTSA)’s safe car Project has helped to expressively drive the acceptance of ADAS systems in domestic vehicles of North America. Moreover, the key safety goal of the US federal motor carrier safety administration (FMCSA) is to reduce the number and severity of commercial motor vehicle (CMV) crashes. Furthermore, the Asia-Pacific region is also significantly emerging and making its footprints in the global driver safety system market. The growing markets of India and China are anticipated to control the Asian driver safety systems market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the driver safety systems.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.